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"Printed circuit boards (PCBs) are the backbone of modern electronics. They connect electronic components, enabling devices to function. " BOSTON , Dec.
12, 2024 /PRNewswire/ -- According to the latest study from BCC Research, the demand for Printed Circuit Boards: Technologies and Global Markets was valued at $67.9 billion in 2023 and is projected to grow from $70.9 billion in 2024 to $92.
4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% from 2024 through 2029. This report looks at current trends in the global printed circuit board (PCB) market, using data from 2023 and forecasts from 2024 to 2029.
It breaks down revenue by market segments such as assembly technology and PCB type, and by region, including North America , Europe and Asia-Pacific . It explores what's driving and challenging the market's growth, identifies leading PCB manufacturers, and reviews new technologies and competitive factors in the industry. Additionally, the report assesses the impact of environmental, social, and governance (ESG) issues on the PCB sector.
Some Interesting facts: Even after the pandemic ended, its effects were still being felt in 2023. The global PCB market suffered a significant decline due to factors like destocking and rising interest rates to curb inflation. The automotive and consumer electronics industries faced severe shortages of PCBs, which were in high demand because of 5G and the Internet of Things (IoT).
This shortage led to higher prices, longer lead times, and stock-outs, affecting PCB manufacturers' production. China , the U.S.
, Taiwan , and South Korea are major PCB producers. In 2023, China produced 53.3% of the world's PCBs thanks to its large production capacity, cost-effective manufacturing, and strong supply chain.
The trade conflict between the U.S. and China has significantly impacted the PCB market.
U.S. imports from China dropped by 20.
4% in 2023. As a result, the U.S.
is shifting some PCB production to other regions, including Southeast Asia , with countries such as Vietnam and Taiwan becoming popular choices to avoid tariffs and diversify supply chains. Multilayer and high-density interconnection (HDI) are the most popular types of PCBs. They offer more design flexibility and higher circuit density, making them suitable for complex and compact electronics.
They also provide better signal integrity, which is essential for high-speed communication in computer motherboards, smartphones, medical devices and aerospace electronics. To gain a deeper understanding of the market's dynamics and growth opportunities, click here . Factors contributing to this market's growth include: Request a Sample Copy of the Report Printed Circuit Boards: Technologies and Global Markets Report Synopsis This report addresses the following questions: Leading companies include: ADVANCEDPCB AT&S CMK CORP.
COMPEQ CO. LTD. DYNAMIC ELECTRONICS CO.
LTD. FUJIKURA LTD. MEIKO ELECTRONICS CO.
LTD. NAN YA PCB CO. LTD.
NOK CORP. SANMINA CORP. SUMITOMO ELECTRIC INDUSTRIES LTD.
SUZHOU DONGSHAN PRECISION MANUFACTURING CO. LTD. TTM TECHNOLOGIES INC.
UNIMICRON ZHEN DING TECH. GROUP TECHNOLOGY HOLDING LTD. More Related reports: Electric Vehicles and Fuel Cell Vehicles: Global Markets : This report covers trends, sales, and the outlook for these eco-friendly vehicles that run on electricity or hydrogen.
Industrial IoT (IIoT): Global Markets : IIoT refers to the use of connected devices and sensors in factories and industrial settings to improve efficiency and performance. The global market for IIoT is growing rapidly as businesses worldwide adopt these technologies to enhance operations, reduce costs, and increase productivity. Purchase a copy of the report d irectly from BCC Research.
For further information or to purchase a report, please contact: [email protected] . About BCC Research BCC Research reports provide objective measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help readers make informed business decisions, free of noise and hype.
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