“Printed circuit boards (PCBs) are the spine of contemporary electronics. They join digital parts, enabling gadgets to perform.“
BOSTON, December 12, 2024 /PRNewswire/ — In line with the most recent examine by BCC Analysis, the demand for Printed circuit boards: applied sciences and international 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 development charge (CAGR) of 5.4% from 2024 to 2029.
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This report examines present developments within the international printed circuit board (PCB) market, utilizing knowledge from 2023 and forecasts from 2024 to 2029. It breaks down income by market segments akin to meeting expertise and PCB type- of, and by area, together with North America, Europe AND Asia-Pacific.
It explores what drives and challenges market development, identifies key PCB producers, and opinions new applied sciences and aggressive elements within the trade. Moreover, the report assesses the impression of environmental, social and governance (ESG) points on the PCBs sector.
Some attention-grabbing information:
Even after the tip of the pandemic, its results have been nonetheless being felt in 2023. The worldwide PCB market suffered a big decline resulting from elements akin to 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 resulting from 5G and the Web of Issues (IoT). This scarcity led to greater 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 robust 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. In consequence, the US is shifting some PCB manufacturing to different areas, together with Southeast Asiawith locations like Vietnam AND Taiwan changing into well-liked selections to keep away from tariffs and diversify provide chains.
Multilayer and high-density interconnect (HDI) are the most well-liked varieties of PCBs. They provide extra design flexibility and better circuit density, making them appropriate for advanced and compact electronics. In addition they present higher sign integrity, which is important for high-speed communication in pc motherboards, smartphones, medical gadgets and aerospace electronics.
To realize a deeper understanding of market dynamics and development alternatives, click on right here.
Elements contributing to the expansion of this market embody:
Rising use of autonomous and electrical autos (AV/EV): Extra autos are being designed to drive themselves and run on electrical energy as a substitute of gasoline. This modification is pushed by the will for safer and extra environmentally pleasant transportation and is remodeling the automotive trade by introducing new applied sciences and lowering dependence on fossil fuels.
Demand for shopper electronics and IoT tools: Client electronics and IoT gadgets have gotten more and more central to fashionable life, houses and workplaces. Increasingly more folks need devices like good telephones, good watches and good dwelling merchandise. These gadgets make life simpler and extra linked by permitting us to regulate and monitor varied features of our lives by means of the Web.
Rising adoption of 5G expertise: Extra folks and companies are beginning to use the most recent cell 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 power to attach a number of gadgets without delay.
Request a pattern copy of the reportPrinted circuit boards: applied sciences and international markets
Abstract of the Report
Report Metrics
The small print
Base yr thought of
2023
Estimated interval thought of
2024-2029
Base yr market measurement
67.9 billion {dollars}
Market forecasting
92.4 billion {dollars}
Development charge
CAGR of 5.4% from 2024 to 2029
Segments lined
By meeting expertise, PCB sort, construction, thickness, end-user trade and area
Areas lined
North America, Europe, Asia-Pacific and Remainder of the World (South America and the Center East and Africa)
Locations lined
USA, Canada, Mexico, Germany, UK, France, China, Taiwan, South Korea, Japan and India
Market leaders
This report addresses the next questions:
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 powerful CAGR of 5.4% throughout the forecast interval.
What elements are driving the expansion of the market? These embody the rising adoption of driverless and electrical autos, elevated demand for shopper electronics and IoT gadgets, and the rising adoption of 5G expertise.
Which kind 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.
Which area has the most important 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 enlargement of the electronics manufacturing sector, and elevated web penetration with the adoption of good digital gadgets will drive Asia-Pacific market development.
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.
Extra related studies:
Electrical Autos and Gas Cell Autos: International Markets: This report covers the developments, gross sales and outlook for these eco-friendly electrical or hydrogen powered autos.
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 world wide undertake these applied sciences to enhance operations, scale back prices and enhance productiveness.
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