How printed circuit boards power our everyday devices

“Printed circuit boards (PCBs) are the spine of contemporary electronics. They join digital elements, enabling gadgets to perform.“

BOSTON, December 12, 2024 /PRNewswire/ — In keeping with the newest examine by BCC Analysis, the demand for Printed circuit boards: applied sciences and world markets was rated with 67.9 billion {dollars} in 2023 and is projected to develop from 70.9 billion {dollars} in 2024 till 92.4 billion {dollars} by the tip of 2029, with a compound annual progress price (CAGR) of 5.4% from 2024 to 2029.

This report examines present traits within the world printed circuit board (PCB) market, utilizing information from 2023 and forecasts from 2024 to 2029. It breaks down income by market segments reminiscent of meeting expertise and PCB type- of, and by area, together with North America, Europe AND Asia-Pacific.

It explores what drives and challenges market progress, identifies key PCB producers, and critiques new applied sciences and aggressive components within the trade. Moreover, the report assesses the affect of environmental, social and governance (ESG) points on the PCBs sector.

Some fascinating info:

• Even after the tip of the pandemic, its results have been nonetheless being felt in 2023. The worldwide PCB market suffered a major decline on account of components reminiscent of decommissioning and rising rates of interest to curb inflation. The automotive and shopper electronics industries confronted main shortages of PCBs, which have been in excessive demand on account of 5G and the Web of Issues (IoT). This scarcity led to larger costs, longer manufacturing instances and inventories, affecting the manufacturing of PCB producers.
• ChinaUSA, TaiwanAND South Korea are the main producers of PCBs. In 2023, China produced 53.3% of the world’s PCBs due to its giant manufacturing capability, cost-effective manufacturing and powerful provide chain.
• The commerce battle between the US and China has considerably impacted the PCB market. American imports from China decreased by 20.4% in 2023. Consequently, the US is shifting some PCB manufacturing to different areas, together with Southeast Asiawith locations like Vietnam AND Taiwan turning into common selections to keep away from tariffs and diversify provide chains.
• Multilayer and high-density interconnect (HDI) are the preferred sorts of PCBs. They provide extra design flexibility and better circuit density, making them appropriate for complicated and compact electronics. In addition they present higher sign integrity, which is important for high-speed communication in laptop motherboards, smartphones, medical gadgets and aerospace electronics.

To realize a deeper understanding of market dynamics and progress alternatives, click on right here.

Elements contributing to the expansion of this market embody:

1. Growing use of autonomous and electrical automobiles (AV/EV): Extra automobiles are being designed to drive themselves and run on electrical energy as an alternative of gasoline. This modification is pushed by the need for safer and extra environmentally pleasant transportation and is remodeling the automotive trade by introducing new applied sciences and lowering dependence on fossil fuels.
2. Demand for shopper electronics and IoT gear: Shopper electronics and IoT gadgets have gotten more and more central to fashionable existence, properties and workplaces. Increasingly more folks need devices like sensible telephones, sensible watches and sensible dwelling merchandise. These gadgets make life simpler and extra linked by permitting us to manage and monitor varied features of our lives via the Web.
3. Rising adoption of 5G expertise: Extra folks and companies are beginning to use the newest cellular community, which is quicker and extra dependable than the earlier ones (4G and LTE). This improved connection helps sooner web speeds, higher streaming and the flexibility to attach a number of gadgets without delay.

Request a pattern copy of the report Printed circuit boards: world applied sciences and markets

Abstract of the Report

This report addresses the next questions:

1. What’s the projected market measurement?
   The worldwide PCB market was estimated at 67.9 billion {dollars} in 2023 and can arrive 92.4 billion {dollars} by the tip of 2029. The market is anticipated to witness a robust CAGR of 5.4% throughout the forecast interval.
2. What components are driving the expansion of the market?
   These embody the rising adoption of driverless and electrical automobiles, elevated demand for shopper electronics and IoT gadgets, and the rising adoption of 5G expertise.
3. Which sort of PCB will dominate the market by the tip of 2029?
   Multilayer PCBs will dominate the market by the tip of 2029, pushed by the rising demand for high-performance and compact digital gadgets.
4. Which area has the biggest share of the worldwide PCB market?
   In 2023, Asia-Pacific accounted for 89.5% of the worldwide PCB market, as a result of presence of so many main semiconductor producers within the area, significantly in China, Taiwan, JapanAND South Korea. As well as, favorable authorities insurance policies, incentives to advertise home manufacturing and growth of the electronics manufacturing sector, and elevated web penetration with the adoption of sensible digital gadgets will drive Asia-Pacific market progress.

Main firms embody:

• 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 MANUFACTURER CO LTD.
• TTM TECHNOLOGIES INC.
• UNIMICRON
• ZHEN DING TECH. GROUP TECHNOLOGY HOLDING LTD.

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Industrial IoT (IIoT): International markets: IIoT refers to the usage of linked gadgets and sensors in factories and industrial environments to enhance effectivity and efficiency. The worldwide marketplace for IIoT is rising quickly as companies all over the world undertake these applied sciences to enhance operations, cut back prices and enhance productiveness.

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About BCC Analysis

BCC Analysis stories present goal measurement and analysis of market alternatives. The aim of our skilled trade analysts is to assist readers make knowledgeable enterprise selections, with out the fuss and hype.

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