The global printed circuit board market size reached US$ 63.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 84.03 Billion by 2027 exhibiting a growth rate (CAGR) of 4.50% during 2022-2027.
What is Printed Circuit Board (PCB) ?
A printed circuit board (PCB) represents an electrical trajectory that mechanically supports and connects electronic components using conductive tracks, pathways, or signal traces. It is composed of fiberglass, epoxy, and other composite materials that assist in minimizing the complexity of the overall design. PCB plays a crucial role in improving the performance, reliability, power, and security of a computing system. As a result, this trajectory finds widespread applications across various sectors, such as electronics, defense, healthcare, aerospace, information technology (IT), telecommunications, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Commercial Flooring Market Trends and Drivers:
The escalating product need in the automotive industry for head-up display (HUD), advanced driver assistance systems (ADAS) control modules, and antilock brake systems of motorcars is primarily driving the printed circuit board market. Besides this, the integration of artificial intelligence (AI), robotics, and the internet of things (IoT) is further augmenting the market growth.
Moreover, the elevating requirement for PCB-based electronics in power supplies, fuel regulators, and engine management systems to monitor and control resources and enhance the performance of light-emitting diodes (LEDs) is also catalyzing the global market. Apart from this, the emerging trend of miniaturization in the semiconductor sector and the rising utilization of eco-friendly circuits, on account of the increasing electronic waste across the globe, are acting as significant growth-inducing factors.
Furthermore, the growing product popularity in manufacturing aerospace components, medical devices, remote control units, calculators, industrial machinery, business computers, communication and home entertainment equipment, etc., is anticipated to propel the printed circuit board market over the forecasted period.
|Printed Circuit Board Market Report Scope|
|Market size value in 2021||US$ 63.98 Billion|
|Market forecast in 2027||US$ 84.03 Billion|
|Growth Rate||CAGR of 4.50% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Substrate and End use industry.|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||Advanced Circuits Inc., AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Becker & Müller Circuit Printing GmbH, Jabil Inc., Murrietta Circuits, Nippon Mektron Ltd. (NOK Corporation), Sumitomo Corporation, TTM Technologies Inc., Unimicron Technology Corporation (United Microelectronics Corporation), Würth Elektronik GmbH & Co. KG (Würth Group) and Zhen Ding Technology Holding Limited.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Substrate:
Breakup by End Use Industry:
- Industrial Electronics
- Aerospace and Defense
- IT and Telecom
- Consumer Electronics
- 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
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List of Major Key Players:
The major players in the market are
- Advanced Circuits Inc.
- AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- Becker & Müller Circuit Printing GmbH
- Jabil Inc.
- Murrietta Circuits
- Nippon Mektron Ltd. (NOK Corporation)
- Sumitomo Corporation
- TTM Technologies Inc.
- Unimicron Technology Corporation (United Microelectronics Corporation)
- Würth Elektronik GmbH & Co. KG (Würth Group)
- Zhen Ding Technology Holding Limited.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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