Skip to main content

Printed Circuit Board Market Size [2023-2030] | Industry Analysis, Share, Trends, And Growth Outlook Report

Printed Circuit Board Market Major Manufacturers Covered in The Market Report Include: Sumitomo Electric Industries, Nippon Mektron Ltd., Compeq Manufacturing Co. Ltd., Amphenol, ZD Tech, TTM Technologies, Inc., TE Connectivity, Unimicron Technology Corporation, Molex, AT&S, Hon Hai Precision Industry Co., Ltd., and Sumitomo Denko

Pune, India, March 09, 2023 (GLOBE NEWSWIRE) — The global printed circuit board market size is expected to witness growth during the forecast period. Robust demand for advanced consumer electronic devices is expected to bolster market growth. Fortune Business Insights™ shares this information in its report titled “Printed Circuit Board Market, 2023-2030.”

A printed circuit board is a type of board that provides excellent mechanical support to connect LEDs, resistors, inductors, capacitors, batteries, and others. It is also known as printed wiring cards (PWC) and printed wiring board (PWB). They are made up of composite epoxy, fiberglass, and other materials. It is available in rigid-flex PCB and flex circuits. It is used extensively in several consumer electronics because of its excellent performance and electrical conductivity. It is used to eliminate errors in electric circuits and improve performance drastically. It is used extensively in smart devices and electronics because of its performance and benefits. The rising demand for digital devices is expected to boost market growth during the upcoming years. 

Request Free Sample of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/printed-circuit-board-market-104947

Drivers and Restraints:

Rapid Digitization to Foster Market Growth

The rapid adoption of digitization and increasing adoption of 5G infrastructures is expected to boost the demand for the printed circuit board. Increasing dependence upon the internet-of-things (IoT) and rising demand for advanced electronics are expected to boost printed circuit board’s adoption. Several businesses utilize high-speed internet services and advanced electronic devices to improve their operational efficiency. The rising adoption of the circuit board in healthcare devices is increasing rapidly because of the rising demand for advanced and high-quality healthcare devices. The prevalence of several disorders and increased medical spending are expected to fuel demand for superior quality components. It is used in the automotive sector to provide advanced navigation devices to consumers. These factors are likely to drive the printed circuit board market growth. 

However, fluctuating raw material prices are expected to hamper the market growth during the upcoming years. 

Impact of COVID-19:

Increasing Smartphone and Consumer Electronics Sales to Foster Market Growth

This market is expected to be positively impacted during the COVID-19 pandemic because of the rising adoption of electronic devices such as laptops, smartphones, PC, and others. The rising demand for electronics is expected to nurture the demand for circuit boards. Lockdown relaxations have led to the resumption of activities. Manufacturers operate at reduced capacities and adopt technologically advanced production machinery to boost their production activities. The adoption of work-from-home culture is expected to increase the adoption of smart electronic devices. 

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/printed-circuit-board-market-104947

Highlights of the Report:

  • The report highlights the leading segments and the latest trends.
  • It comprehensively discusses the impact of COVID-19 and the driving and restraining factors.
  • Examines regional insights and strategies devised by the prominent companies operating in the market. 

Segmentation:

By type, the market is segmented into HDI (High-Density Interconnect), multi-layer, double-sided, single-ended, and others. Based on substrate, it is classified into rigid-flex, flexible, and rigid. As per end-user, it is categorized into aerospace & defense, automotive, industrial electronics, consumer electronics, IT & Telecommunication. Geographically, it is clubbed into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. 

Regional Insights:

Rising Demand for Advanced Devices from Automotive Sector to Boost Market Growth in North America

North America is expected to dominate the printed circuit board market share because of the rising demand for circuit boards from the automotive sector. The adoption of advanced sensors and navigational features in an automobile is expected to boost the demand for the product. Rapid digitization and adoption of smart devices are expected to increase the demand for the product drastically. Manufacturers set up their manufacturing facilities in the region to expand their reach. For example, TTM Technologies, Inc. opened an Engineering Center in New York in December 2019 to increase its reach. 

Asia Pacific is the second-largest shareholder because of the presence of major electronic component manufacturers in China. Additionally, the rising demand for smartphones and consumer electronics is expected to facilitate demand for high-quality products. These factors can propel market growth.

In Europe, rapid urbanization and the emergence of several manufacturing industries are expected to boost printed circuit boards’ demand. These factors are likely to foster market growth. 

Quick Buy –  Printed Circuit Board Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/104947

Competitive Landscape:

Prominent Companies Launch Innovative Products to Enhance Brand Image

The prominent companies operating in the market launch innovative products to improve their brand image drastically. For example, Panasonic launched a novel range of household electronics for Indian and Japanese markets in February 2020. This strategy can enhance their brand image in the region. Further, the launch of novel products is expected to increase companies’ market reach. For example, Samsung and LG announced their micro-LED TV for commercial and residential applications. Additionally, the companies invest heavily in research and development to improve their product quality. 

Industry Development:

  • February 2020: Indian Government announced a new scheme to support domestic electronic manufacturers and boost demand from the electronics industry. 

The Report Lists the Main Companies in the Printed Circuit Board Market:

  • Sumitomo Electric Industries
  • Nippon Mektron Ltd.
  • Compeq Manufacturing Co. Ltd.
  • Amphenol
  • ZD Tech
  • TTM Technologies, Inc.
  • TE Connectivity
  • Unimicron Technology Corporation
  • Molex
  • AT&S
  • Hon Hai Precision Industry Co., Ltd.
  • Sumitomo Denko

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/queries/printed-circuit-board-market-104947

Printed Circuit Board Market Segmentation:

By Type:

  • Single-Sided
  • Double-Sided
  • Multi-Layer
  • HDI (High-Density Interconnect)
  • Others

By Substrate:

  • Rigid
  • Flexible
  • Rigid-Flex

By End-User:

  • IT & Telecommunication
  • Consumer Electronics
  • Industrial Electronics
  • Automotive
  • Aerospace and Defence
  • Others

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/printed-circuit-board-market-104947

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.