Printed Circuit Board Market is valued at USD 53.21 Billion in 2020 and expected to reach USD 69.32 Billion by 2027 with a CAGR of 3.85% over the forecast period.
Printed Circuit Board Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand for electronic equipments & telecommunication devices is anticipated to drive the growth of Global Printed Circuit Board Market.
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Scope of Global Printed Circuit Board Market Report:
Printed circuit board (PCB) is the basic electronic product, which electrically connects the electronic components using conductive tracks drawn over it according to the requirement. The Multiple layer circuit boards are laminated by non conductive substrate to insulate the copper layers. The electronics has moved vacuum tubes & relays to integrated circuits & silicon, the size and manufacture cost began to reduce & hence PCB was can to existence. The electronic components i.e. resistor, insulator, capacitor, etc. are fixed on it to carry out special task by soldering in a sequence which results in manufacturing of chips. The chips are the souls for any electronic products i.e. smartphone, laptop, medical devices, automotives, etc. The PCB market is showing a significant growth due to increased demand of electronic products in the market which are better than existing in terms of size, speed, accuracy etc. The idea of industry 4.0 aims for automation in manufacturing will lead the machine using chips for reliable, fast results. The military warfare & airspace mission uses the technology to miniaturize the equipment which reduced cost & increases chances of success. Asia Pacific is the largest manufacturer of printed circuited boards which are used in smartphone like Apple, Samsung, etc. military equipment.
During Covid-19 pandemic, the demand for electronic devices has been increased due to social distancing. The online classes, work from home led the demand of smartphone, laptop & tablet; requirement for new medical equipment etc. has been increased. Thus, Covid-19 may further drive the PCB market by shifting to digital realm due to social distancing or a short term demand for few years.
Global printed circuit board market report is segmented on the basis of product type, laminated material, raw material, end-user and region & country level. Based upon product type, global printed circuit board market is classified into rigid 1-2 sided, standard multilayer, flexible circuits, rigid-flex, HDI/microvia/build-up, IC substrate, and others. Based upon laminated material, the market is divided into FR-4 which is further sub-divided into FR-4 high Tg , FR-4 halogen free, standard & Others; flexible (PI,PET), paper, composites, and others. Based upon raw material, global printed circuit board market is divided into glass fabric, epoxy resin, kraft paper, phenolic resin, polyimide film and others. Based upon end-user, global printed circuit board market is divided into computer/peripherals, communications, consumer electronics, industrial electronics, automotive, military/aerospace and others.
The regions covered in global printed circuit board Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global printed circuit board is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Key Players for Global Printed Circuit Board Market Report:
Some of the key players for global printed circuit board market are Nippon Mektron, Young Poong Group, Unimicron, Zhending technology, Samsung E-M, Ibiden, Tripod, Sumitomo Denko, TTM Technologies, Daeduck Group, and others.
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Increasing Demand for Electronics & Communication Devices is One of the Major Factors Driving Market Growth.
The major factor driving the growth of global printed circuit board market is rising demand for electronic devices. The electronics like smartphone, laptop, etc. has become a necessity for individual, with improving technology makes individual to upgrade to next level to keep them with pace. The industry equipment use PCB like cell tower, automated machinery etc. to achieve fast operation along waste reduction/Process improvement. In addition, the growing world population along with increasing market penetration of electronic goods leads to increase the demand for printed circuit boards. According to World Bank; world population is 7.8 Billion with only certain population able to take benefit of electronics due to many reasons. Furthermore, military, airspace & many other government organizations also use the electronic equipment for many purposes which is also anticipated to supplement the market growth. The increasing deployment of electronic equipment in defense all over globe will augment the market growth of printed circuit board.
However, the less reach of technology or electronic devices to remote location in undeveloped regions and lack of knowledge of technology & ability to use may hamper the market growth. In spite of that, increasing penetration in the untapped regions by releasing new product as per the requirement of certain region may create an opportunity for market players.
North America is Anticipated to Dominate the Global Printed Circuit Board Market.
The global printed circuit board market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America is anticipated to dominate the global printing circuit board market as the region is developed and technologically advanced. This region leads in airspace & military equipment manufacturing which results in the growth of printed circuit board market in this region. Asia-Pacific is expected to witness a fastest growth in the global printed circuit board market within the forecast period due to its large population which account for around 60% of the world population & high demand of electronic goods in this region.
Printed Circuit Board Market Report Coverage
Key Benefits for Global Printed Circuit Board Market Report:
- Global Printed Circuit Board Market report covers in-depth historical and forecast analysis.
- Global Printed Circuit Board Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Printed Circuit Board Market report helps to identify opportunities in marketplace.
- Global Printed Circuit Board Market report covers extensive analysis of emerging trends and competitive landscape.
Global Printed Circuit Board Market Segmentation:
By Product Type:
- Rigid 1-2 Sided
- Standard Multilayer
- Flexible Circuits
- Rigid-flex
- HDI/Microvia/Build-up
- IC Substrate
- Others
By Laminate Materials:
- FR-4
- FR-4 High Tg
- FR-4 Halogen Free
- Standard & Others
- Flexible (PI,PET)
- Paper
- Composites
- Others
By Raw Material:
- Glass Fabric
- Epoxy Resin
- Kraft Paper
- Phenolic Resin
- Polyimide Film
- Others
By End-User:
- Computer/Peripherals
- Communications
- Consumer Electronics
- Industrial Electronics
- Automotive
- Military/Aerospace
- Others
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