The Printed Circuit Boards (PCBs) market achieved a valuation of $11.72 billion in 2022 and is projected to soar to $14.72 billion by 2029, registering a steady CAGR of 3.3% over the forecast period from 2023 to 2029.
Printed Circuit Boards (PCBs) Market Overview
The Printed Circuit Boards (PCBs) Market landscape is marked by a dynamic and ever-evolving environment. Various industries, from technology to healthcare, are experiencing rapid changes driven by innovation and global events. With the ongoing digital transformation, companies are investing heavily in technology and data-driven solutions to stay competitive. Sustainability and environmental concerns are gaining prominence, influencing consumer preferences and driving companies to adopt eco-friendly practices. The COVID-19 pandemic continues to have a profound impact on businesses, shaping remote work trends, supply chain disruptions, and healthcare advancements. Additionally, geopolitical tensions and trade dynamics are adding an element of uncertainty to international markets. In this multifaceted context, businesses are constantly adapting to seize opportunities and navigate challenges, making agility and resilience critical for sustained success.
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Report Scope:
The comprehensive global Printed Circuit Boards (PCBs) market report explores new technologies, use cases, and market disruptions, providing insights into future revenue trends. Segmented by demand and supply, the report encompasses market dynamics, trends, and the impact of COVID-19 on the industry.
Research Methodology:
The report employs a robust research methodology to analyze market trends, leveraging both long-term and short-term perspectives. A detailed examination of the keys to market growth and their contribution to the overall business landscape is presented.
Drivers and Restraints:
The growing demand for multi-functional systems and electronic equipment propels the PCB market, driven by increased reliance on smartphones, computers, and other electronic devices. However, stringent regulations on e-waste pose challenges, restricting the use of certain raw materials in PCB manufacturing.
Segmentation:
The market is segmented based on the type of PCBs, including single-sided, double-sided, multi-layer, and HDI. Notably, double-sided PCBs find widespread use in various applications. The report highlights leading vendors in the market, such as ATS, Ibiden, Nippon Mektron, Sumitomo Electric, Shinko Electric, and Unimicron.
by Type
Single Sided
Double Sided
Multi-Layer
HDI
by Substrate
Rigid
Flexible
Rigid-Flex
by End-User Industry
Industrial Electronics
Healthcare
Aerospace & Defense
Automotive
IT & Telecom
Consumer Electronics
Others
Regional Insights:
Asia Pacific and North America dominate the global PCB market, driven by a fragmented supply base and increasing demand for smart devices. The Asia Pacific is expected to witness significant growth, propelled by semiconductor manufacturers and rising smart device adoption. The Indian PCB industry is set to expand rapidly, supported by government initiatives such as “Make in India” and “Digital India.”
North America, particularly in the automotive, aircraft, and medical sectors, experiences high demand for PCBs. The rising sales of electric vehicles and innovative driver assistance systems contribute to the growing demand for PCBs in the region.
Market Dynamics:
Printed Circuit Boards play a crucial role in various industries, including the industrial sector, medical industry, and the automotive sector. The report emphasizes their significance in automation, medical equipment, and advanced vehicle technologies.
1. Jabil Inc.
2. Wurth Elektronik Group (Wurth group)
3. TTM Technologies, Inc.
4. Becker & Muller Schaltungsdruck GmbH
5. Advanced Circuits Inc.
6. Sumitomo Corporation
7. Murrietta Circuits
8. Unimicron Technology Corporation
9. Tripod Technology Corporation
10. AT&S Austria Technologie & Systemtechnik AG
11. Nippon Mektron Ltd.
12. Zhen Ding Technology Holding Limited
13. Nan Ya PCB
14. Young Poong
15. SEMCO
16. CMK
17. Other Key Players
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Key questions answered in the Printed Circuit Boards (PCBs) Market are:
• What is Printed Circuit Boards (PCBs)?
• What was the Printed Circuit Boards (PCBs) market size in 2022?
• What are the different segments of the Printed Circuit Boards (PCBs) Market?
• What growth strategies are the players considering to increase their presence in Printed Circuit Boards (PCBs)?
• What are the upcoming industry applications and trends for the Printed Circuit Boards (PCBs) Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Printed Circuit Boards (PCBs) Market?
• What major challenges could the Printed Circuit Boards (PCBs) Market face in the future?
• What segments are covered in the Printed Circuit Boards (PCBs) Market?
• Who are the leading companies and what are their portfolios in Printed Circuit Boards (PCBs) Market?
• What segments are covered in the Printed Circuit Boards (PCBs) Market?
• Who are the key players in the Printed Circuit Boards (PCBs) market?
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Key Offerings:
• Past Market Size and Competitive Landscape (2023 to 2029)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
•Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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