The Global Printed Circuit Board (PCB) Market was valued at USD 80.2 billion in 2025 and is estimated to grow at a CAGR of 5.5% to reach USD 137.8 billion by 2035.
The growth is driven by the increasing complexity of modern electronic devices and the shift toward larger and more sophisticated PCB designs. Industries are demanding highly efficient assembly machines capable of handling multi-layer, high-density boards while maintaining thermal stability and signal integrity. The proliferation of 5G networks, AI computing, and high-speed data centers has fueled the need for advanced materials and ultra-low-loss PCBs. The industry is embracing automated assembly, precision soldering, and inspection tools to ensure quality, reliability, and scalability across sectors, including consumer electronics, industrial machinery, telecommunications, and wearable technology. Rising demand for miniaturized, flexible, and multi-directional devices is further boosting the adoption of advanced PCBA solutions globally.
The flexible PCB segment generated USD 44 billion in 2025. Flexible assemblies are highly sought for their lightweight, compact designs, multi-directional connectivity, and integration into wearables, medical devices, IoT, and automotive systems. Their established production processes and scalability make them ideal for high-volume manufacturing.
The wave soldering segment accounted for USD 52.8 billion in 2025 and remains a preferred method for high-volume PCB assembly. Its uniform solder application, reliability, and suitability for through-hole components make it critical for complex board manufacturing. Growing automation in production lines continues to drive wave soldering adoption across various industries.
North America Printed Circuit Board (PCB) Market held 75.9% share in 2025. Strong demand from aerospace, defense, medical electronics, and automotive sectors, combined with reshoring initiatives and government incentives such as the U.S. CHIPS Act, has strengthened domestic PCB assembly capabilities. Adoption of HDI and flexible assemblies is rising with 5G deployment and electric vehicle integration, while sustainability efforts are accelerating the use of lead-free and eco-friendly materials.
Key players in the Global Printed Circuit Board (PCB) Market include Alfa Electronics, ALLPCB.com, Altek Electronics, Inc., Benchmark Electronics, Inc., Bittele Electronics Inc., Clarydon Electronic Services Limited, Eurocircuits, Jayshree Instruments Pvt. Ltd, Miracle Electronics Devices Pvt Ltd, PCB Assembly Express, INC, PCB Power Market, PCB Unlimited, PCBGOGO, PCBWay, Podrain Electronics, RAYMING TECHNOLOGY, Seeed Technology Co., Ltd., Tempo, Vexos, Visual Communications Company, LLC, and WellPCB Technology Co., Ltd. Companies in the Printed Circuit Board (PCB) Market are employing several strategies to strengthen their market position. These include investing in R&D for high-density and flexible PCB assembly technologies, expanding production capacities to meet growing demand, and adopting automation to improve efficiency and reduce defects. Strategic partnerships, mergers, and acquisitions allow firms to broaden their client base and enter new geographic regions. Companies are also prioritizing sustainability by introducing lead-free and environmentally friendly manufacturing processes. Offering end-to-end solutions, including design, assembly, testing, and after-sales support, enhances customer loyalty and long-term retention, while digitalization and AI-enabled production lines improve quality control and operational agility.
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The growth is driven by the increasing complexity of modern electronic devices and the shift toward larger and more sophisticated PCB designs. Industries are demanding highly efficient assembly machines capable of handling multi-layer, high-density boards while maintaining thermal stability and signal integrity. The proliferation of 5G networks, AI computing, and high-speed data centers has fueled the need for advanced materials and ultra-low-loss PCBs. The industry is embracing automated assembly, precision soldering, and inspection tools to ensure quality, reliability, and scalability across sectors, including consumer electronics, industrial machinery, telecommunications, and wearable technology. Rising demand for miniaturized, flexible, and multi-directional devices is further boosting the adoption of advanced PCBA solutions globally.
The flexible PCB segment generated USD 44 billion in 2025. Flexible assemblies are highly sought for their lightweight, compact designs, multi-directional connectivity, and integration into wearables, medical devices, IoT, and automotive systems. Their established production processes and scalability make them ideal for high-volume manufacturing.
The wave soldering segment accounted for USD 52.8 billion in 2025 and remains a preferred method for high-volume PCB assembly. Its uniform solder application, reliability, and suitability for through-hole components make it critical for complex board manufacturing. Growing automation in production lines continues to drive wave soldering adoption across various industries.
North America Printed Circuit Board (PCB) Market held 75.9% share in 2025. Strong demand from aerospace, defense, medical electronics, and automotive sectors, combined with reshoring initiatives and government incentives such as the U.S. CHIPS Act, has strengthened domestic PCB assembly capabilities. Adoption of HDI and flexible assemblies is rising with 5G deployment and electric vehicle integration, while sustainability efforts are accelerating the use of lead-free and eco-friendly materials.
Key players in the Global Printed Circuit Board (PCB) Market include Alfa Electronics, ALLPCB.com, Altek Electronics, Inc., Benchmark Electronics, Inc., Bittele Electronics Inc., Clarydon Electronic Services Limited, Eurocircuits, Jayshree Instruments Pvt. Ltd, Miracle Electronics Devices Pvt Ltd, PCB Assembly Express, INC, PCB Power Market, PCB Unlimited, PCBGOGO, PCBWay, Podrain Electronics, RAYMING TECHNOLOGY, Seeed Technology Co., Ltd., Tempo, Vexos, Visual Communications Company, LLC, and WellPCB Technology Co., Ltd. Companies in the Printed Circuit Board (PCB) Market are employing several strategies to strengthen their market position. These include investing in R&D for high-density and flexible PCB assembly technologies, expanding production capacities to meet growing demand, and adopting automation to improve efficiency and reduce defects. Strategic partnerships, mergers, and acquisitions allow firms to broaden their client base and enter new geographic regions. Companies are also prioritizing sustainability by introducing lead-free and environmentally friendly manufacturing processes. Offering end-to-end solutions, including design, assembly, testing, and after-sales support, enhances customer loyalty and long-term retention, while digitalization and AI-enabled production lines improve quality control and operational agility.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates and Forecast, by PCB Structure, 2022-2035 ($ Bn & Units)
Chapter 6 Market Estimates and Forecast, by Type, 2022-2035 ($ Bn & Units)
Chapter 7 Market Estimates and Forecast, by Substrate, 2022-2035 ($ Bn & Units)
Chapter 8 Market Estimates and Forecast, by End Use Industry, 2022-2035 ($ Bn & Units)
Chapter 9 Market Estimates and Forecast, by Region, 2022-2035 ($ Bn & Units)
Chapter 10 Company Profiles
Companies Mentioned
The companies profiled in this Printed Circuit Board (PCB) market report include:- AT&S
- Ibiden
- Nippon Mektron
- Samsung Electro-Mechanics
- Tripod Technology
- TTM Technologies
- Unimicron
- Allied Circuit (ACCL)
- Benchmark Electronics
- Compeq Manufacturing
- Daeduck Electronics
- Meiko Electronics
- Sanmina
- Schweizer Electronic
- Cirexx
- Epec
- Flex
- Jabil
- Sheldahl (Multek / Flex subsidiary)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 160 |
| Published | January 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 80.2 Billion |
| Forecasted Market Value ( USD | $ 137.8 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
