Global Printed Circuit Board Market is valued at USD 53.21 Billion in 2020 and expected to reach USD 69.32 Billion by 2027 with a CAGR of 3.85% over the forecast period.
Printed Circuit Board Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand for electronic equipments & telecommunication devices is anticipated to drive the growth of Global Printed Circuit Board Market.
Printed circuit board (PCB) is the basic electronic product, which electrically connects the electronic components using conductive tracks drawn over it according to the requirement. The Multiple layer circuit boards are laminated by non conductive substrate to insulate the copper layers. The electronics has moved vacuum tubes & relays to integrated circuits & silicon, the size and manufacture cost began to reduce & hence PCB was can to existence. The electronic components i.e. resistor, insulator, capacitor, etc. are fixed on it to carry out special task by soldering in a sequence which results in manufacturing of chips. The chips are the souls for any electronic products i.e. smartphone, laptop, medical devices, automotives, etc. The PCB market is showing a significant growth due to increased demand of electronic products in the market which are better than existing in terms of size, speed, accuracy etc. The idea of industry 4.0 aims for automation in manufacturing will lead the machine using chips for reliable, fast results. The military warfare & airspace mission uses the technology to miniaturize the equipment which reduced cost & increases chances of success. Asia Pacific is the largest manufacturer of printed circuited boards which are used in smartphone like Apple, Samsung, etc. military equipment.
During Covid-19 pandemic, the demand for electronic devices has been increased due to social distancing. The online classes, work from home led the demand of smartphone, laptop & tablet; requirement for new medical equipment etc. has been increased. Thus, Covid-19 may further drive the PCB market by shifting to digital realm due to social distancing or a short term demand for few years.
Global printed circuit board market report is segmented on the basis of product type, laminated material, raw material, end-user and region & country level. Based upon product type, global printed circuit board market is classified into rigid 1-2 sided, standard multilayer, flexible circuits, rigid-flex, HDI/microvia/build-up, IC substrate, and others. Based upon laminated material, the market is divided into FR-4 which is further sub-divided into FR-4 high Tg , FR-4 halogen free, standard & Others; flexible (PI,PET), paper, composites, and others. Based upon raw material, global printed circuit board market is divided into glass fabric, epoxy resin, kraft paper, phenolic resin, polyimide film and others. Based upon end-user, global printed circuit board market is divided into computer/peripherals, communications, consumer electronics, industrial electronics, automotive, military/aerospace and others.
The regions covered in global printed circuit board Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global printed circuit board is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Some of the key players for global printed circuit board market are Nippon Mektron, Young Poong Group, Unimicron, Zhending technology, Samsung E-M, Ibiden, Tripod, Sumitomo Denko, TTM Technologies, Daeduck Group, and others
News: Orbotech Announced the R2R Manufacturing Solutions for Flexible Printed Circuits
January 12th, 2021; Orbotech announced the two roll to roll manufacturing solution for flexible printed circuit board which will boost up the designing & mass production for new age electronic device, including medical devices, advanced automobiles & 5G smartphones. The direct imaging, UV laser drilling will improve the throughput time & quality of flexible material manufacturing on ultra flexible thin PCB.
The major factor driving the growth of global printed circuit board market is rising demand for electronic devices. The electronics like smartphone, laptop, etc. has become a necessity for individual, with improving technology makes individual to upgrade to next level to keep them with pace. The industry equipment use PCB like cell tower, automated machinery etc. to achieve fast operation along waste reduction/Process improvement. In addition, the growing world population along with increasing market penetration of electronic goods leads to increase the demand for printed circuit boards. According to World Bank; world population is 7.8 Billion with only certain population able to take benefit of electronics due to many reasons. Furthermore, military, airspace & many other government organizations also use the electronic equipment for many purposes which is also anticipated to supplement the market growth. The increasing deployment of electronic equipment in defense all over globe will augment the market growth of printed circuit board.
However, the less reach of technology or electronic devices to remote location in undeveloped regions and lack of knowledge of technology & ability to use may hamper the market growth. In spite of that, increasing penetration in the untapped regions by releasing new product as per the requirement of certain region may create an opportunity for market players.
The global printed circuit board market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America is anticipated to dominate the global printing circuit board market as the region is developed and technologically advanced. This region leads in airspace & military equipment manufacturing which results in the growth of printed circuit board market in this region. Asia-Pacific is expected to witness a fastest growth in the global printed circuit board market within the forecast period due to its large population which account for around 60% of the world population & high demand of electronic goods in this region.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD XX Million|
|Base year considered||2020|
|Forecast Period CAGR %:||3.85 %|
|Market Size Expected in 2027:||USD XX Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Nippon Mektron, Young Poong Group, Unimicron, Zhending technology, Samsung E-M, Ibiden, Tripod, Sumitomo Denko, TTM Technologies, Daeduck Group, and others|
|Segments Covered||By Product Type, Laminate Materials, Raw Material, End User|
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Key Benefits for Global Printed Circuit Board Market Report:
By Product Type:
By Laminate Materials:
By Raw Material:
By Regional & Country Level:
Middle East and Africa
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