Printed Circuit Board Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Increasing Use of Smart Devices to Boost the Printed Circuit Board Market

The printed circuit board market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2021 to 2029, starting from US$ 68.8 Bn in 2020. Printed circuit board market worldwide is witnessing steady growth since the past few years with growth in the consumer electronics market. Printed circuit boards are non-conductive and help to connect electric and electronic components without a wire. Printed circuit boards are used as the base in electronics for both as physical support piece and as the wiring area for the surface-mounted and socketed components. The growing demand for printed circuit board in connected devices, communication, industrial and automotive helps the printed circuit board market to grow. Due to all these factors, we are expecting a huge growth in printed circuit board market during the forecast period.

Consumer Electronics to Continue Dominating the Market

Printed circuit boards are an essential part of the consumer electronics industry. They are widely used in smartphones, washing machines, TVs, computers replacement of existing electronic appliances with latest technological versions shall increase the demand for printed circuit boards in the consumer electronics segment. Increase in smartphones sale is backed by well-equipped artificial intelligence for user convenience along with remote sensing and monitoring capabilities. This has increased the demand for printed circuit boards. Further, due to growing demand for high-speed data and transmission the use of printed circuit boards in consumer electronics is increasing. As a result of all these factors, consumer electronics will continue dominating the market throughout the forecast period.

North America to Register the Fastest Growth

Printed circuit board market is led by Asia-Pacific. Rapid growth in disposable income, adoption of latest technology and increasing demand for consumer electronics products in the region have majorly supported the growth of the market. The highest growing region during the forecast period would be North America. The market here would primarily be backed by the U.S. which has the highest consumption of technological products including smart devices across the globe. There has been a considerate increase in the manufacture of electronics and automotive in the region which shall further drive the printed circuit board market. On account of these factors, North America will grow with the highest CAGR throughout the forecast period.

Some of the prominent players operating in the printed circuit board market include AT&S, Nippon Mektron, Ltd., Unimicron Corp., Samsung Electro-mechanics., Dynamic Electronics Co., Ltd., Daeduck Electronics Co., Ltd., CMK Corporation, NanYa PCB Co., Ltd., TTM Technologies, Shenzhen Kinwong Electronic Co., Ltd., Zhen Ding Technology Holding, NOK Corporation, Compeq Manufacturing, Young Poong Electronics, Tripod Technology, Ibiden Co., Epitome Components Ltd., PCB Power Ltd., among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The printed circuit board market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global printed circuit board market based on product type, substrate type, components type, PCB laminate, laminate material, application and geography. Key segments covered in the report are as follows:

Product Type (2019-2029; US$ Bn)

• Single-sided
• Double-sided
• Multi-layer

Substrate Type (2019-2029; US$ Bn)

• Rigid 1-2 sided
• Standard multilayer
• High-Density Interconnect (HDI)
• IC substrate
• Flexible circuits
• Rigid-flex

Components Type (2019-2029; US$ Bn)

• Diodes
• Capacitors
• Resistors
• Integrated Circuits

PCB Laminate Type (2019-2029; US$ Bn)

• Paper
• FR-4
• Composite epoxy Material (CEM)
• Polyimide

Laminate Material Type (2019-2029; US$ Bn)

• Glass Fabric
• Epoxy Resin
• Kraft Paper
• Phenolic Resin

Application Type (2019-2029; US$ Bn)

• Consumer Electronics
• IT & Telecommunication
• Communication
• Aerospace and Defense
• Automotive
• Industrial Electronics
• Healthcare

Geography (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of printed circuit boards in 2020 and forecast up to 2029?
• Which is the largest regional market for printed circuit boards?
• What are the major trends followed in overall printed circuit boards across different regions?
• Who are the key printed circuit boards companies leading the market?
• What are the key strategies adopted by the leading printed circuit boards companies in the market?

Unique data points of this report

• Statistics on consumer electronics worldwide
• Recent trends across different regions in terms of adoption of printed circuit boards across various applications
• Notable developments going on in printed circuit boards market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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