PUBLISHER: IMARC | PRODUCT CODE: 1468154
PUBLISHER: IMARC | PRODUCT CODE: 1468154
The global printed circuit board market size reached US$ 70.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 97.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
A printed circuit board (PCB) is an electrical circuit that mechanically supports and electrically connects electronic components using conductive pathways, tracks, or signal traces. It is composed of epoxy, fiberglass, and other composite materials that help minimize the complexity of the overall circuit design. It plays a pivotal role in improving the power, performance, reliability, and security of a computing system. As a result, PCB finds extensive applications in the healthcare, aerospace, electronics, defense, information technology (IT), and telecommunications industries around the world.
PCBs are used in head-up display (HUD), advanced driver assistance systems (ADAS) control modules and antilock brake systems of automobiles. This, coupled with the rapid expansion of the automotive sector, represents one of the key factors creating a positive outlook for the market. In addition, fuel regulators, power supplies, and engine management systems use PCB-based electronics to monitor and manage resources. They also help enhance the performance of light-emitting diodes (LEDs) and prevent them from damage. Along with this, the growing integration of robotics, artificial intelligence (AI), and the internet of things (IoT) is augmenting the overall sales and profitability. Moreover, PCBs are utilized in the manufacturing of calculators, aerospace components, medical devices, remote control units, circuit boards, industrial machinery, business machines and computers, and communication, control, and home entertainment equipment. Apart from this, the increasing trend of miniaturization in the semiconductor industry is catalyzing the demand for PCBs across the globe. Furthermore, product innovations, technological advancements, and the rising requirement of eco-friendly PCBs on account of the increasing electronic waste worldwide are some of the other factors stimulating the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global printed circuit board market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, substrate and end use industry.
Single-Sided
Double-Sided
Multi-Layer
HDI
Rigid
Flexible
Rigid-Flex
Industrial Electronics
Healthcare
Aerospace and Defense
Automotive
IT and Telecom
Consumer Electronics
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Circuits Inc., AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Becker & Muller Circuit Printing GmbH, Jabil Inc., Murrietta Circuits, Nippon Mektron Ltd. (NOK Corporation), Sumitomo Corporation, TTM Technologies Inc., Unimicron Technology Corporation (United Microelectronics Corporation), Wurth Elektronik GmbH & Co. KG (Wurth Group) and Zhen Ding Technology Holding Limited.