"Printed circuit boards (PCBs) are the backbone of modern electronics. They connect electronic components, enabling devices to function."
BOSTON, Dec. 12, 2024 /PRNewswire/ -- According to the latest study from BCC Research, the demand for Printed Circuit Boards: Technologies and Global Markets [https://www.bccresearch.com/market-research/semiconductor-manufacturing/printed-circuit-boards-tech-markets-report.html?utm_source=PRNWSMC103D&utm_medium=referral&utm_campaign=prnewswire] was valued at $67.9 billion in 2023 and is projected to grow from $70.9 billion in 2024 to $92.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% from 2024 through 2029.
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This report looks at current trends in the global printed circuit board (PCB) market, using data from 2023 and forecasts from 2024 to 2029. It breaks down revenue by market segments such as assembly technology and PCB type, and by region, including North America, Europe and Asia-Pacific.
It explores what's driving and challenging the market's growth, identifies leading PCB manufacturers, and reviews new technologies and competitive factors in the industry. Additionally, the report assesses the impact of environmental, social, and governance (ESG) issues on the PCB sector.
Some Interesting facts:
-- Even after the pandemic ended, its effects were still being felt in
2023. The global PCB market suffered a significant decline due to
factors like destocking and rising interest rates to curb inflation. The
automotive and consumer electronics industries faced severe shortages of
PCBs, which were in high demand because of 5G and the Internet of Things
(IoT). This shortage led to higher prices, longer lead times, and
stock-outs, affecting PCB manufacturers' production.
-- China, the U.S., Taiwan, and South Korea are major PCB producers. In
2023, China produced 53.3% of the world's PCBs thanks to its large
production capacity, cost-effective manufacturing, and strong supply
chain.
-- The trade conflict between the U.S. and China has significantly impacted
the PCB market. U.S. imports from China dropped by 20.4% in 2023. As a
result, the U.S. is shifting some PCB production to other regions,
including Southeast Asia, with countries such as Vietnam and Taiwan
becoming popular choices to avoid tariffs and diversify supply chains.
-- Multilayer and high-density interconnection (HDI) are the most popular
types of PCBs. They offer more design flexibility and higher circuit
density, making them suitable for complex and compact electronics. They
also provide better signal integrity, which is essential for high-speed
communication in computer motherboards, smartphones, medical devices and
aerospace electronics.
To gain a deeper understanding of the market's dynamics and growth opportunities, click here [https://www.bccresearch.com/market-research/semiconductor-manufacturing/printed-circuit-boards-tech-markets-report.html?utm_source=PRNWSMC103D&utm_medium=referral&utm_campaign=prnewswire].
Factors contributing to this market's growth include:
1. Growing use of autonomous and electric vehicles (AVs/EVs): More vehicles
are being designed to drive themselves and run on electricity instead of
gasoline. This shift is driven by the desire for safer, eco-friendly
transportation and is transforming the automotive industry by introducing
new technologies and reducing reliance on fossil fuels.
2. Demand for consumer electronics and IoT devices: Consumer electronics and
IoT devices are becoming increasingly central to modern lifestyles, homes
and workplaces. More and more people want gadgets like smartphones,
smartwatches and smart home products. These devices make life easier and
more connected by allowing us to control and monitor various aspects of
our lives through the internet.
3. Rising adoption of 5G technology: More people and businesses are starting
to use the latest mobile network, which is faster and more reliable than
previous ones (4G and LTE). This improved connectivity supports faster
internet speeds, better streaming, and the ability to connect many
devices at once.
Request a Sample Copy of the Report Printed Circuit Boards: Technologies and Global Markets [https://www.bccresearch.com/market-research/semiconductor-manufacturing/printed-circuit-boards-tech-markets-report.html?ro=yes&utm_source=PRNWSMC103D&utm_medium=referral&utm_campaign=prnewswire]
Report Synopsis
Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $67.9 Billion Market forecast $92.4 Billion Growth rate CAGR of 5.4% from 2024 to 2029 Segments covered By Assembly Technology, PCB Type, Structure, Thickness, End-User Industry, and Region Regions covered North America, Europe, Asia-Pacific, and Rest of the World (South America and the Middle East and Africa) Countries covered U.S., Canada, Mexico, Germany, U.K., France, China, Taiwan, South Korea, Japan and India Market drivers Growing use of AVs/EVs Demand for consumer electronics and IoT devices Rising adoption of 5G technology
This report addresses the following questions:
1. What is the projected market size?The global PCB market was valued at
$67.9 billion in 2023 and will reach $92.4 billion by the end of 2029.
The market is expected to see a robust CAGR of 5.4% during the forecast
period.
2. Which factors are driving the growth of the market?These include the
growing adoption of driverless and electric vehicles, increasing demand
for consumer electronics and IoT devices, and rising adoption of 5G
technology.
3. Which PCB type will dominate the market by the end of 2029?Multilayer
PCBs will dominate the market by the end of 2029, driven by growing
demand for high-performance and compact electronic devices.
4. Which region has the highest share of the global PCB market?In 2023,
Asia-Pacific accounted for 89.5% in the global PCB market, due to the
presence of so many leading semiconductor producers in the region,
especially in China, Taiwan, Japan, and South Korea. In addition,
favorable government policies, incentives to boost local manufacturing
and expansion of the electronics manufacturing sector, and rising
internet penetration with the adoption of smart electronic devices will
drive the Asia-Pacific market's growth.
Leading companies include:
-- ADVANCEDPCB
-- AT&S
-- CMK CORP.
-- COMPEQ CO. LTD.
-- DYNAMIC ELECTRONICS CO. LTD.
-- FUJIKURA LTD.
-- MEIKO ELECTRONICS CO. LTD.
-- NAN YA PCB CO. LTD.
-- NOK CORP.
-- SANMINA CORP.
-- SUMITOMO ELECTRIC INDUSTRIES LTD.
-- SUZHOU DONGSHAN PRECISION MANUFACTURING CO. LTD.
-- TTM TECHNOLOGIES INC.
-- UNIMICRON
-- ZHEN DING TECH. GROUP TECHNOLOGY HOLDING LTD.
More Related reports:
Electric Vehicles and Fuel Cell Vehicles: Global Markets [https://www.bccresearch.com/market-research/fuel-cell-and-battery-technologies/electric-vehicles-and-fuel-cell-vehicles-global-markets.html?utm_source=PRNWSMC103D&utm_medium=referral&utm_campaign=prnewswire]: This report covers trends, sales, and the outlook for these eco-friendly vehicles that run on electricity or hydrogen.
Industrial IoT (IIoT): Global Markets [https://www.bccresearch.com/market-research/information-technology/industrial-iot-market.html?utm_source=PRNWSMC103D&utm_medium=referral&utm_campaign=prnewswire]: IIoT refers to the use of connected devices and sensors in factories and industrial settings to improve efficiency and performance. The global market for IIoT is growing rapidly as businesses worldwide adopt these technologies to enhance operations, reduce costs, and increase productivity.
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