What is Global Printed Circuit Board (PCB) Market?
The Global Printed Circuit Board (PCB) Market is a vast and dynamic sector that plays a crucial role in the electronics industry. PCBs are the backbone of any electronic device, providing a platform for the assembly of electronic components. They are used in virtually every electronic product, from simple devices like digital watches and calculators to sophisticated systems like computers and telecommunications equipment. The global PCB market is a highly competitive and fragmented one, with numerous players vying for a share of the pie. The market's value stood at a whopping US$ 85390 million in 2022 and is projected to escalate to US$ 121010 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period of 2023-2029.
Rigid 1-2Sided, Standard Multilayer, HDI/Microvia/Build-Up, IC Substrate, Flexible Circuits, Rigid Flex, Others in the Global Printed Circuit Board (PCB) Market:
The Global Printed Circuit Board (PCB) Market is segmented into various types, including Rigid 1-2Sided, Standard Multilayer, HDI/Microvia/Build-Up, IC Substrate, Flexible Circuits, Rigid Flex, and Others. Each type has its unique characteristics and applications. The Standard Multilayer PCBs, which comprise about 28% of the market, are the most widely used due to their versatility and compatibility with a wide range of electronic devices. HDI/Microvia/Build-Up PCBs follow closely, offering high-density interconnects and enabling more functionality in smaller spaces. IC Substrate PCBs are integral to semiconductor devices, while Flexible and Rigid Flex PCBs offer flexibility and durability, making them ideal for use in devices that require bending or folding.
Consumer Electronics, Computer, Communications, Industrial/Medical, Automotive, Military/Aerospace, Others in the Global Printed Circuit Board (PCB) Market:
The Global Printed Circuit Board (PCB) Market finds its applications in a wide array of sectors, including Consumer Electronics, Computer, Communications, Industrial/Medical, Automotive, Military/Aerospace, and Others. The largest downstream segment is Communications, accounting for over 30% of the market. This is not surprising given the proliferation of communication devices like smartphones, tablets, and IoT devices, all of which rely heavily on PCBs. Consumer Electronics is another major user of PCBs, with devices like TVs, home appliances, and personal gadgets all requiring PCBs for their operation. The Computer sector, too, is a significant consumer of PCBs, with every computer system housing multiple PCBs. The Industrial/Medical sector uses PCBs in a variety of equipment, from industrial machinery to medical devices. The Automotive sector is increasingly using PCBs with the advent of electric and autonomous vehicles. Lastly, the Military/Aerospace sector uses PCBs in various defense and aerospace applications.
Global Printed Circuit Board (PCB) Market Outlook:
The global Printed Circuit Board (PCB) market outlook paints a promising picture. The market, which was valued at US$ 85390 million in 2022, is expected to reach a staggering US$ 121010 million by 2029. This represents a CAGR of 4.6% during the forecast period of 2023-2029. The largest segment in terms of product type is the standard multilayer, accounting for about 28% of the market. This is followed by HDI, which is another significant segment. In terms of downstream applications, communications is the largest segment, accounting for over 30% of the market. This is a testament to the ubiquity of communication devices in our lives and the integral role that PCBs play in these devices.
| Report Metric | Details |
| Report Name | Printed Circuit Board (PCB) Market |
| Accounted market size in 2023 | US$ 92180 million |
| Forecasted market size in 2029 | US$ 121010 million |
| CAGR | 4.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | ZDT, Unimicron, DSBJ, Nippon Mektron, TTM, Compeq, Tripod, Shennan Circuits, Ibiden, HannStar Board (GBM), SEMCO, Kingboard, AT&S, Nanya PCB, Wus |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
