Printed Circuit Board Market By Product (Single-sided, Double-sided, Multi-layer), By Substrate (Rigid 1-2 sided, Standard multilayer, High Density Interconnect, IC substrate, Others), By Component (Diodes, Capacitors, Resistors, other), By PCB Laminate (Paper, FR-4, Composite epoxy Material, other), By Laminate Material (Glass fabric, Epoxy resin, Other), By Application (Consumer electronic, IT & Telecom, Communication, others) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Increasing Use of Smart Devices to Boost the Printed Circuit Board Market

The printed circuit board market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027, starting from US$ 68.8 Bn in 2018. The printed circuit board market worldwide has been witnessing steady growth over the past few years, with growth in the consumer electronics market. Printed circuit boards are non-conductive and help to connect electric and electronic components without a wire.

Printed circuit boards are used as the base in electronics, both as a physical support piece and as the wiring area for surface-mounted and socketed components. The growing demand for printed circuit boards in connected devices, communication, industrial, and automotive applications help the printed circuit board market grow. Due to all these factors, we are expecting huge growth in the printed circuit board market during the forecast period.

Consumer Electronics to Continue Dominating the Market

Printed circuit boards are an essential part of the consumer electronics industry. They are widely used in smartphones, washing machines, TVs, and computers. The replacement of existing electronic appliances with the latest technology versions will increase the demand for printed circuit boards in the consumer electronics segment.

The increase in smartphone sales is backed by well-equipped artificial intelligence for user convenience, along with remote sensing and monitoring capabilities. This has increased the demand for printed circuit boards. Further, due to the growing demand for high-speed data and transmission, the use of printed circuit boards in consumer electronics is increasing. As a result of all these factors, consumer electronics will continue dominating the market throughout the forecast period.

North America to Register the Fastest Growth

The printed circuit board market is led by Asia-Pacific. Rapid growth in disposable income, adoption of the latest technology, and increasing demand for consumer electronics products in the region have all contributed to the growth of the market. The highest-growing region during the forecast period would be North America. The market here would primarily be backed by the U.S., which has the highest consumption of technological products, including smart devices, across the globe. There has been a considerable increase in the manufacture of electronics and automobiles in the region, which will further drive the printed circuit board market. On account of these factors, North America will grow with the highest CAGR throughout the forecast period.

Some of the prominent players operating in the printed circuit board market include AT&S, Nippon Mektron, Ltd., Unimicron Corp., Samsung Electro-Mechanics, Dynamic Electronics Co., Ltd., Daeduck Electronics Co., Ltd., CMK Corporation, NanYa PCB Co., Ltd., TTM Technologies, Shenzhen Kinwong Electronic Co., Ltd., Zhen Ding Technology Holding, NOK Corporation, Compaq Manufacturing, Young Poong Electronics, Tripod Technology, Ibiden Co., Epitome Components Ltd., and PCB Power Ltd.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The printed circuit board market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global printed circuit board market based on product type, substrate type, component type, PCB laminate, laminate material, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report

• What was the market size of printed circuit boards in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for printed circuit boards?
• What are the major trends followed in overall printed circuit boards across different regions?
• Who are the key printed circuit board companies leading the market?
• What are the key strategies adopted by the leading printed circuit board companies in the market?

Unique data points of this report

• Statistics on consumer electronics worldwide
• Recent trends across different regions in terms of the adoption of printed circuit boards across various applications
• Notable developments are going on in the printed circuit board market.
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Questions: