Printed Circuit Board (PCB) Market is anticipated to grow at a CAGR of 4.3% during 2023-2028
Printed Circuit Board (PCB) Market
The global printed circuit board (PCB) market is projected to reach $107.3 billion by 2028, at a CAGR of 4.3% during 2023-2028. The growth of printed circuit board (PCB) market is driven by increasing demand for PCB in the communication industry, growth in connected devices, and growth in automotive electronics.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the printed circuit board (PCB) market by end use industry (computer/peripheral, communication, consumer electronics, industrial electronics, automotive, military/aerospace, and others), product type (standard multilayer, flexible circuits, HDI/microvia/build-up, IC substrate, rigid 1-2 sided, rigid flex, and others), laminate material type (FR-4, flexible, paper, CEM and others), laminate raw material usage (glass fabric, epoxy resin, kraft paper, phenolic resin, polyimide film), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the printed circuit board (PCB) market?
Q.4 What are some changing demands of customers in the printed circuit board (PCB) market?
Q.5 What are the new developments in the printed circuit board (PCB) market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this printed circuit board (PCB) area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this printed circuit board (PCB) market?
Emerging trends, which have a direct impact on the dynamics of the industry, include miniaturization of printed circuit boards, growing demand for high speed data and signal transmission, and development of green PCBs.
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Based on product type, the printed circuit board (PCB) market is segmented into standard multilayer, flexible circuits, HDI/microvia/build-up, IC substrate, rigid 1-2 sided, rigid flex, and others. The standard multilayer segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand in computer and communication industries.
Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing electronic content in automotive, and growth in consumer electronic devices and telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for PCB in this region.
Key Players in the printed circuit board (PCB) market are NOK Corporation, Zhen Ding Technology, TTM Technologies, Unimicron Technology, Compeq Manufacturing, Young Poong Electronics, Ibiden, SEMCO, Tripod Technology, Daeduck, AT&S, and Nan Ya Printed Circuit Board.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/pcb-markets.aspx
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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