Global Printed Circuit Board Market Size By Type (Single Sided, Double Sided), By Substrate (Rigid, Flexible), By End-User Industry (Industrial Electronics, Healthcare), By Geographic Scope And Forecast

Printed Circuit Board Market Size And Forecast

Printed Circuit Board Market size was valued at USD 77.20 Billion in 2022 and is projected to reach USD 124.16 Billion by 2030, growing at a CAGR of 6.12% from 2023 to 2030.

The rising technological advancements across the automotive industry, driven by the increasing emphasis on enhancing road safety, are seen as prominent factors driving the industry’s demand. The adoption of smart safety systems and the trends towards electrification, which are accelerating quickly, will also aid in the industry’s expansion. The Global Printed Circuit Board Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Printed Circuit Board Market Definition

Think of a printed circuit board (PCB) as a special sandwich that helps all the tiny bits and pieces in your electronics talk to each other. It's made up of layers, some that conduct electricity and others that don't. The conductive layers have little pathways – like tiny wires – etched into them from sheets of copper. These pathways, also called traces or planes, connect all the electronic parts. You might also hear it called a printed wiring board (PWB) or etched wiring board (EWB). PCBs are super important because they not only hold everything neatly in place, providing rigid support, but also create the electrical connections needed for all the components to work together in a compact way, making them perfect for fitting inside your favorite devices. Learn more here.

The best software can assist in taking a design from concept all the way to manufacture. Even the simplest circuit board requires careful design using specialist software programs. PCBs are commonly used for the following purposesmedical devices, LEDs, consumer electronics, industrial equipment, automotive components, aerospace components, maritime applications, safety, and security equipment, scanning equipment ultrasonic scans, CT scans, and X-ray screens all depend on electronic components to work. MonitorsMedical monitoring equipment with electronic components includes blood glucose, heart rate, and blood pressure monitors.

Global Printed Circuit Board Market Overview

The rising technological advancements across the automotive industry, driven by the increasing emphasis on enhancing road safety, are seen as prominent factors driving the industry’s demand. In order to improve the overall driving experience, automakers from all over the world have focused on integrating cutting-edge electronic components in a variety of comfort and safety systems, such as lane-keeping and control systems, and intelligent glass control systems. The integration of such cutting-edge technologies will improve seat comfort, information, and seat comfort, which will positively impact the Printed Circuit Board Market outlook.

The adoption of smart safety systems and the trends towards electrification, which are accelerating quickly, will also aid in the industry’s expansion. The use of PCBs in connected vehicles has expanded the size of the Printed Circuit Board Market. These completely wired and wireless vehicles make it simple for cars to connect to computing devices like smartphones because they are so well-equipped. Drivers can use this technology to track their vehicles using their smartphones, monitor the remaining battery life in their electric vehicles, and remotely regulate the climate in their vehicles.

High-density interconnects (HDI), which enable faster and more compact device interconnection, is one of the major advancements in the Printed Circuit Board Market. Because of HDI, manufacturers of electronic devices may mass-produce wireless products that are smaller, faster at transmitting signals, and have better routing abilities. The development of flexible printed circuit board technology, or flex PCBs, which can be flexed or bent into different shapes and used in reliable computing and wireless devices, is another expanding trend in the Printed Circuit Board Market.

With the development of flexible PCB technology, vendors can have new opportunities. Yet, one of the major environmental concerns of the current era is electronic trash (or “e-waste”). PCBs are usually considered to play a major role in this problem. Certain PCB materials may not break down very well and end up in landfills, where they contaminate the soil around them. This topic has received attention since PCB manufacturing chemicals frequently pollute the environment if improperly disposed of.

Global Printed Circuit Board MarketSegmentation Analysis

The Global Printed Circuit Board Market is Segmented on the basis of Type, Substrate, End-User Industry, and Geography.

Printed Circuit Board Market, By Type

• Single Sided
• Double Sided
• Multi-Layer
• HDI

Based on Type, the market is bifurcated into Single Sided, Double Sided, Multi-Layer, and HDI. The Multi-Layer Printed Circuit Boards are expected to grow at a significant CAGR during forecasted years. Multi-Layer Printed Circuit Boards boards have conductors on internal layers that carry electrical signals between components, or the internal layers could be conductive plane layers. Multi-layer PCBs can be single-sided or double-sided.

Printed Circuit Board Market, By Substrate

• Rigid
• Flexible
• Rigid-Flex

Okay, so when it comes to the base material of these PCBs, we're looking at three main typesRigid, Flexible, and Rigid-Flex. Now, back in 2021, the rigid kind of PCB really took the lead, grabbing the biggest chunk of the market. And, get this, they're predicted to keep growing strong all the way to 2030! These rigid PCBs are tough cookies, able to handle some serious heat and pressure. You'll find them everywhere, from fancy MRI systems and EMG machines to your everyday consumer gadgets. Why? Because they can stand up to all sorts of nasty stuff, like corrosive oils, UV rays, and harsh chemicals. Plus, they're super important to the OEMs. With the electronics industry constantly looking for better quality, more affordable, and longer-lasting circuit boards with higher density, this whole sector is set for some major growth!

Printed Circuit Board Market, By End-User Industry

• Industrial Electronics
• Healthcare
• Aerospace & Defense
• Automotive
• IT & Telecom
• Consumer Electronics
• Other End-User Industries

Think about who's using printed circuit boards – it's a pretty diverse group! We're talking about Industrial Electronics, Healthcare, Aerospace & Defense, the Automotive world, IT & Telecom, and of course, good old Consumer Electronics, along with a few Other End-User Industries. And guess what? We're expecting to see more and more PCBs popping up in the consumer electronics we use every day, which will really give the market a boost. Back in 2021, the whole thing was already worth a lot! With living standards on the rise and the global economy looking good, we're all buying more smart devices and wearables. So, all those fancy, complicated designs in our smart gadgets? That could mean even more PCB sales by 2030.

Printed Circuit Board Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Based on Geography, the Global Printed Circuit Board Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region dominates the market. The Asia Pacific Printed Circuit Board Market’s revenue share is expected to grow at a significant rate during the forecasted years. The development of the industrial sector in the main Asian nations of China, Japan, and India helps the local industry thrive.

The demand for consumer electronics, including tablets, televisions, mobile phones, refrigerators, video game consoles, and other products, has surged as a result of the region’s rapid population growth and growing urbanization. These advancements will support the growth of business in the area, together with the implementation of beneficial government measures targeted toward the development of industrial businesses.

Key Players

The “Global Printed Circuit Board Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are TTM Technologies, Inc., Wurth Elektronik Group (Wurth Group), Becker & Muller Schaltungsdruck GmbH, Sumitomo Corporation, Murrietta Circuits, Advanced Circuits Inc., Unimicron Technology Corporation, Tripod Technology Corporation, Nippon Mektron Ltd., Zhen Ding Technology Holding Limited. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Printed Circuit Board Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Printed Circuit Board Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

We'll dive deep, using both qual and quant analysis to understand the market through different lenses, factoring in everything from the economy to other important stuff. You'll get hard numbers – the market value in USD Billion – for every nook and cranny of the market. We'll also pinpoint the region and market segment poised for ?? hypergrowth and those calling the shots. Expect a detailed breakdown by geography, showing you where the product/service is being used and the unique factors shaping each regional market. Plus, we'll map out the competitive arena, ranking the big players and highlighting their latest moves – new stuff, partnerships, expansions, and acquisitions from the last five years. Think comprehensive company profiles with overviews, insights, product comparisons, and a good ol' SWOT analysis. We'll give you the lowdown on the industry's present and future, spotlighting growth opportunities and what's holding things back in both up-and-coming and established markets. Expect an in-depth market analysis using Porter's five forces to understand the competitive intensity and profitability. We'll even walk you through the Value Chain, showing you how value is created. Get ready for a market dynamics breakdown, highlighting growth opportunities down the road. Oh, and don't forget – you get 6 months of analyst support after the sale!

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