What Transformation Has the Printed Circuit Board Market Undergone?
The printed circuit board market has seen considerable growth due to a variety of factors.
• In the last few years, the market size of the printed circuit board has been escalating steadily. This upwards trend is set to continue, with its size predicted to rise from $65.82 billion in 2024 to $68.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.5%.
Several factors have contributed to its growth in the historic phase including surging demand for electric vehicles, rising demand in the healthcare sector, robust economic advancement in burgeoning markets, and enhanced demand for industrial robots within the manufacturing sector.
What Is The Forecast For The Printed Circuit Board Market By 2029?
The printed circuit board market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for printed circuit boards is anticipated to experience robust growth in the coming years, expanding to $86.5 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%.
This advancement during the projected period can be attributed to factors such as growing demand for environmentally friendly printed circuit boards, enhanced investments in 5G technology and telecom infrastructure, increasing prominence of IoT devices, and escalating levels of digitization. Significant trends forecasted for this period include advancement of board-in-board connectors for superior efficiency and connection, adoption of innovative software tools related to printed circuit boards, leveraging the power of artificial intelligence for enhanced product quality, emphasis on 3D printing for precise designs and material optimization, concentration on the creation of sustainable printed circuit boards, and a focus on partnerships and collaborations to broaden both the product range and geographical reach.
Which Factors Are Boosting Growth In The Printed Circuit Board Market?
The growth potential of the printed circuit board (PCB) market is expected to rise with the escalating sales of electric vehicles in the forecasted period. Electric vehicles, which rely either partially or entirely on electricity, utilize PCBs for interconnecting electronic elements, including basic display and audio systems. PCBs also find application in the manufacturing of charging stations, making it convenient for electric vehicle users to recharge their vehicles. In a study by Bloomberg New Energy Finance (BNEF), a UK-based firm specializing in the transition data and statistics for the energy sector, it was forecasted that by 2025, EVs will constitute 10% of the global passenger car sales. This figure is projected to rise to 28% by 2030 and ultimately reaching 58% by 2040.
How Is The Globa Printed Circuit Board Market Divided Into Key Segments?
The printed circuit board market covered in this report is segmented –
1) By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Other Types
2) By Substrate: Rigid, Flexible, Rigid-Flex
3) By Laminate Type: FR-4, Polyimide, Other Laminate Types
4) By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End Users
Subsegments:
1) By Single Sided: Standard Single-Sided PCBs, Flexible Single-Sided PCBs, Rigid Single-Sided PCBs
2) By Double Sided: Standard Double-Sided PCBs, Flexible Double-Sided PCBs, Rigid Double-Sided PCBs
3) By Multi-Layer: Standard Multi-Layer PCBs (3-10 Layers), High Layer Count Multi-Layer PCBs (More Than 10 Layers), Flexible Multi-Layer PCBs, Rigid Multi-Layer PCBs
4) By High Density Interconnect (HDI): Microvia HDI PCBs, Buried And Blind Via HDI PCBs, Flexible HDI PCBs, Rigid HDI PCBs
5) By Other Types: Flexible PCBs, Rigid-Flex PCBs, Aluminum PCBs, Ceramic PCBs
Pre-Book The Printed Circuit Board Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Printed Circuit Board Market?
The printed circuit board market is increasingly being influenced by the adoption of biodegradable materials in the construction of printed circuit boards (PCBs). The focus for manufacturers is shifting towards minimizing electronic waste by utilizing eco-friendly substitutes instead of traditional substrates. These environmentally-friendly alternatives could potentially reduce the overall environmental footprint of the electronics industry as well as potentially decrease production and assembly costs. For example, the Berkeley Lab of the Department of Energy, a US-based research institute, created a fully recyclable and biodegradable printed circuit in August 2022. This was done to counteract the health and environmental dangers associated with heavy metal waste from landfills. This PCB is constructed of biodegradable polyester binders and conductive additives like silver flakes or carbon black, along with enzyme blends. The conductive ink made up of silver or carbon black particles provides electrical conductivity, while the biodegradable polyester infused with purified enzymes like Burkholderia cepacian lipase (BC-lipase) facilitates the easy breakdown of the polymer chain into a monomer.
Who Are the Key Players in the Printed Circuit Board Market?
Major companies operating in the printed circuit board market include:
• Zhen Ding Technology Holding Limited
• Unimicron Technology Corporation
• TTM Technologies Inc.
• NOK CORPORATION
• Tripod Technology Corporation
• AT&S Austria Technologie & Systemtechnik AG
• Kinwong
• Jabil Inc.
• Suzhou Dongshan Precision Manufacturing Co.Ltd
• Shennan Circuits
• Sumitomo Corporation
• Nippon Mektron Ltd
• Compeq Manufacturing Co Ltd
• CMK
• IBIDEN CO. LTD
• Ihara Electronic Industries Co. Ltd.
• Kyoden Co. Ltd.
• Genus Electrotech Ltd.
• Ascent Circuits Pvt. Ltd.
• Circuit Systems India Ltd.
• Shogini Technoarts Pvt. LtdGilson Inc
• Elvia PCB
• ICAPE Group
• Würth Elektronik Group
• EverMAX sro
• A3 v.o.s
• AJ Technology Ltd
• AWOS s.r.o
• Cemebo s.r.o
• EMS-ELECTRA SRL
• PCB ELECTRA
• DGTronik
• Flex Ltd
• Rush PCB Inc
• Custom Circuit Boards
• Journey Circuits Inc
• Mentor Graphics Corp
• Rockwell Collins Inc
• Telephonics Corporation
• NTI PCB Lab
• JHYPCB
• Bonam Electronic Projects
• Bosco Printed Circuits
What are the Regional Insights into the Printed Circuit Board Market?
Asia-Pacific was the largest region in the printed circuit board market in 2024. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed circuit board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
