PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628877
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628877
PCB encapsulation market size was valued at USD 3,546 Million in 2023, expanding at a CAGR of 8.7% from 2024 to 2032.
PCB encapsulation is the process of protecting printed circuit boards (PCBs) with a protective material, such as resin or polymer, to safeguard them against environmental factors like moisture, dust, chemicals, and mechanical stress. This technique enhances the durability, reliability, and longevity of electronic devices. Encapsulation also provides thermal insulation, electrical isolation, and vibration resistance, making it essential for PCBs used in harsh or sensitive applications, including automotive, industrial, and consumer electronics industries.
PCB Encapsulation Market- Market Dynamics
Increasing demand from consumer electronics industry to propel market demand
The rising adoption of compact and advanced electronic devices drives the need for PCB encapsulation for enhanced performance and durability. Besides, the expanding use of electronics in vehicles, such as ADAS and EV components, boosts encapsulation demand to protect PCBs in harsh environments. However, advanced encapsulation materials and processes can significantly increase manufacturing costs, limiting adoption by smaller manufacturers. Moreover, the increasing use of IoT devices across industries creates a need for reliable PCB protection, opening new market opportunities.
PCB Encapsulation Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.7% over the forecast period (2024-2032)
Based on resin type segmentation, epoxy was predicted to show maximum market share in the year 2023
Based on product type segmentation, conformal coatings were the leading type in 2023
Based on curing type segmentation, UV-cure was the leading type in 2023
Based on region, Asia-Pacific was the leading revenue generator in 2023
The Global PCB Encapsulation Market is segmented based on Resin Type, Product Type, Curing Type, Application, and Region.
The market is divided into five categories based on resin type: epoxy, acrylic, silicone, polyurethane and others. The epoxy segment is predicted to dominate the global PCB encapsulation market. This is due to its superior properties, including high thermal resistance, strong adhesion, and excellent protection against environmental and mechanical stress.
The market is divided into five categories based on application: consumer electronics, medical devices, automotive electronics, aerospace & defense, and others. The consumer electronics sector dominates the market and is likely to maintain its dominance during the forecast period. This growth can be attributed to the growing demand for advanced electronic devices, wearables, and smart home products requiring reliable PCB protection.
PCB Encapsulation Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The growing demand for durable and reliable electronics has driven advancements in PCB encapsulation technologies. Companies are focusing on strategies such as product innovation, eco-friendly encapsulants, and advanced manufacturing techniques to enhance performance and cater to diverse industry needs, including automotive and consumer electronics. Emphasis on customization and material optimization, particularly for thermal and moisture resistance, is evident. Additionally, regional expansions and collaborations to strengthen supply chains are prominent, reflecting a competitive focus on addressing end-user requirements effectively.
In November 2024, XJTAG, a leader in electronic testing solutions, showcased it's XJLink-PF40 JTAG' controller at Electronica 2024, Munich. Launching in 2025, it addresses PCB prototyping and manufacturing for complex, high-density circuit boards.
In March 2024, Henkel launched a conformal coating offering PCB and component protection for high-power applications, including EV charging infrastructure, AC/DC power supplies, and motor drives, ensuring enhanced durability and performance.