Printed Circuit Board Market Forecast 2023, Size, Share and Report Till 2028

According to the global printed circuit board market report by IMARC Group, the market reached a value of  US$ 67.3 Billion in 2022, and it is projected to reach a value of US$ 87.7 Billion by 2028, exhibiting a CAGR of 4.4%  during 2023-2028.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What is a Printed circuit board Market?

A printed circuit board (PCB) is an electrical circuit that uses conductive pathways, tracks, or signal traces to mechanically support and electrically connect electronic components. It is composed of fiberglass, epoxy, and other composite materials that help reduce the complexity of the overall circuit design. It helps enhance a computing system’s strength, performance, reliability, and security. As a result, PCB finds extensive applications in the defense, healthcare, aerospace, electronics, information technology (IT), and telecommunications industries across the globe.

What are the major market drivers in the Printed circuit board Market?

The global printed circuit board market is primarily driven by the rising product utilization in the head-up display (HUD), advanced driver assistance systems (ADAS) control modules and antilock brake systems of vehicles. Moreover, the increasing trend of miniaturization in the semiconductor industry has augmented product demand. Additionally, the widespread integration of robotics, artificial intelligence (AI), and the internet of things (IoT) has accelerated the product adoption rate.

Besides this, the rising use of PCBs in manufacturing remote-control units, circuit boards, industrial machinery, calculators, aerospace components, medical devices, business machines and computers, and communication, control, and home entertainment equipment has catalyzed the market growth. Furthermore, the rising demand for eco-friendly PCBs due to the increasing volumes of electronic waste is contributing to market growth. Other factors, including the rapid expansion in the automotive sector, technological advancements, and product innovations, are also anticipated to drive the market further.

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Who are the prominent players operating in the Printed Circuit Board Market?

Advanced Circuits Inc., AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Becker & Müller Circuit Printing GmbH, Jabil Inc., Murrietta Circuits, Nippon Mektron Ltd. (NOK Corporation), Sumitomo Corporation, TTM Technologies Inc., Unimicron Technology Corporation (United Microelectronics Corporation), Würth Elektronik GmbH & Co. KG (Würth Group) and Zhen Ding Technology Holding Limited.

What segments are covered in the global printed circuit board market research report?

The report has been segmented the market into following categories:

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:

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

Breakup by Substrate:

• Rigid
• Flexible
• Rigid-Flex

Breakup by End Use Industry:

• Industrial Electronics
• Healthcare
• Aerospace and Defense
• Automotive
• IT and Telecom
• Consumer Electronics
• Others

Regional Insights:

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

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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Key Questions Answered in the Global printed circuit board (PCB) Market Report
• How has the global printed circuit board (PCB) industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global printed circuit board (PCB) market?
• What are the key regions in the global printed circuit board (PCB) industry?
• What are the major driving factors and challenges in the global printed circuit board (PCB) market?
• What is the structure of the global printed circuit board (PCB) industry and who are the leading players?
• What is the degree of competition in the market?

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