The major growth drivers for this market are increasing demand for PCB in the communication industry, growth in connected devices, and advancement in automotive electronics. Emerging trends, which have a direct impact on the dynamics of the PCB industry, include miniaturization of printed circuit boards, growing demand for high speed data and signal transmission, and development of green PCBs. The report forecasts that standard multilayers will remain the largest substrate type due to increasing demand in computer and communication industries. The rigid-flex substrate is expected to witness the highest growth during the forecast period due to growing demand for smartphone and display applications.
In a world that is constantly moving towards digitalization, the application of PCBs is constantly expanding and serve countless industries, including healthcare, automotive, military, space exploration, etc. The future of the PCB market, therefore, is promising. With a CAGR of 3. A growth in connected devices and the communication industry coupled with an advancement in automotive electronics are some of the major drivers of growth in the PCB industry.
These include mobile devices, computer electronics, recording devices, entertainment systems, and home appliances. To ensure expert device functionality, PCBs manufactured for this segment are generally very rigid, and follow strict quality control measures to maintain industry standards.
Modern automobiles now come equipped with a variety of features such as temperature control, navigation, safety devices, and entertainment —— most of which involve printed circuit boards. Since the safety element is now involved in the PCB automotive industry, the PCBs designed for this purpose need to be extremely reliable, therefore, flex PCBs are most frequently used.
This is because they are smaller in size, weight, and are resistant to vibrations. PCBs have extensive use in the healthcare industry with sophisticated devices that are crucial for diagnosing diseases, conducting research, and providing treatment.
Flex PCBs are mostly used in healthcare because of their small shape and size. The reliability and safety requirements of PCBs in the automotive industry get even more amplified for their applications in the military and defense.
PCBs are used in the military for vehicles, defense applications, and for networked computers, all of which require the highest levels of security and reliability for the protection of military personnel.
These include testing of the safety of firearms, explosives, guns, and ammunition, and in security systems. PCBs that are durable and lightweight are more favorable, as this segment requires a density of machinery.
As a result, aluminum PCBs are preferred over other variants. Market Segmentation on the Basis of Regions: Firms like Multek, Sanmina, Mflex are prominent suppliers of the region. Innovation is driven by the new demand for safety and automation in automobiles, which brings in new technologies in both PCB production and PCB design.
The APAC market has been driven by a shift in the manufacturing of electronic and communication products to China and other countries famous for their low production costs. Some of the key suppliers of the regions such as ZD Tech, Unimicron, Nippon Mektron support both domestic and global demand.
Emerging trends of miniaturization and sustainability will further lead to green PCBs that would also support high-speed signal transmission. Growing demand for automation and safety will continue to introduce PCB in other segments such as manufacturing, transport, and industrial applications.PCB (Printed Circuit Board) is segmented under the electronic design automation (EDA) software tools and is used for designing the schematic and layout of a printed circuit board.
The global PCB design software market is envisioned to witness a compound annual growth rate (CAGR) of % over the forecast period i.e. Report Description. Global E-Scrap and PCB E-Scrap Market: Overview. This report aims to provide a comprehensive strategic analysis of the global e-scrap and printed circuit board (PCB) e-scrap market along with volume and growth forecasts for the period from to The printed circuit board is a board which is used for connecting components with metal tracks such as copper in place of wires.
In the circuit board, holes are drilled to fix the electronic components such as transistors, amplifier, resistors etc. in position to electrically .
Global Multilayer Printed Circuit Board (Multilayer Printed-wiring Board) Market Insights, Forecast to by Gen Market Insights provides insights of in-depth research for business strategies, growth prospects, historical and futuristic revenue, costs by analyzing information of various companies and firms in the Multilayer Printed Circuit Board (Multilayer Printed-wiring Board) industry.
- An overview of the global market for Printed Circuit Board (PCB) - Analyses of global market trends, with data from , estimates for and projections of CAGRs through - Definition, types and characteristics of PCB adoption in end applications. Global Printed Circuit Board (PCB) Market – Regional Insight.
Asia-Pacific held the largest market share of the global PCB market in , with around 77% of the market share.
The growth in APAC is attributed to the presence of many semi-conductor manufacturers, and growing adoption of smart devices in .