Printed Circuit Board Market Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2027
Printed
Circuit Board Market is valued at USD 53.21 Billion in 2020 and
expected to reach USD 69.32 Billion by 2027 with a CAGR of
3.85% over the forecast period.
Printed Circuit Board Market: Global Size, Trends,
Competitive, Historical & Forecast Analysis, 2021-2027- Increasing
demand for electronic equipments & telecommunication devices is anticipated
to drive the growth of Global Printed Circuit Board Market.
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Scope of Global Printed Circuit Board Market
Report:
Printed circuit board (PCB) is the basic electronic product,
which electrically connects the electronic components using conductive tracks
drawn over it according to the requirement. The Multiple layer circuit boards
are laminated by non conductive substrate to insulate the copper layers. The
electronics has moved vacuum tubes & relays to integrated circuits &
silicon, the size and manufacture cost began to reduce & hence PCB was can
to existence. The electronic components i.e. resistor, insulator, capacitor,
etc. are fixed on it to carry out special task by soldering in a sequence which
results in manufacturing of chips. The chips are the souls for any electronic
products i.e. smartphone, laptop, medical devices, automotives, etc. The PCB
market is showing a significant growth due to increased demand of electronic
products in the market which are better than existing in terms of size, speed,
accuracy etc. The idea of industry 4.0 aims for automation in manufacturing
will lead the machine using chips for reliable, fast results. The military
warfare & airspace mission uses the technology to miniaturize the equipment
which reduced cost & increases chances of success. Asia Pacific is the
largest manufacturer of printed circuited boards which are used in smartphone
like Apple, Samsung, etc. military equipment.
During Covid-19 pandemic, the demand for electronic devices
has been increased due to social distancing. The online classes, work from home
led the demand of smartphone, laptop & tablet; requirement for new medical
equipment etc. has been increased. Thus, Covid-19 may further drive the PCB
market by shifting to digital realm due to social distancing or a short term
demand for few years.
Global printed circuit board market report is segmented on
the basis of product type, laminated material, raw material, end-user and
region & country level. Based upon product type, global printed circuit
board market is classified into rigid 1-2 sided, standard multilayer, flexible
circuits, rigid-flex, HDI/microvia/build-up, IC substrate, and
others. Based upon laminated material, the market is divided into FR-4
which is further sub-divided into FR-4 high Tg , FR-4 halogen free,
standard & Others; flexible (PI,PET), paper, composites, and
others. Based upon raw material, global printed circuit board market is
divided into glass fabric, epoxy resin, kraft paper, phenolic resin, polyimide
film and others. Based upon end-user, global printed circuit board market
is divided into computer/peripherals, communications, consumer electronics,
industrial electronics, automotive, military/aerospace and others.
The regions covered in global printed circuit board Market
report are North America, Europe, Asia-Pacific, Latin America and Rest of the
World. On the basis of country level, the market of global printed circuit
board is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy,
China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi
Arabia) GCC, Africa, etc.
Key Players for Global Printed Circuit Board
Market Report:
Some of the key players for global printed circuit board
market are Nippon Mektron, Young Poong Group, Unimicron, Zhending technology,
Samsung E-M, Ibiden, Tripod, Sumitomo Denko, TTM Technologies, Daeduck Group,
and others.
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Increasing Demand for Electronics & Communication
Devices is One of the Major Factors Driving Market Growth.
The major factor driving the growth of global printed
circuit board market is rising demand for electronic devices. The electronics
like smartphone, laptop, etc. has become a necessity for individual, with
improving technology makes individual to upgrade to next level to keep them
with pace. The industry equipment use PCB like cell tower, automated machinery
etc. to achieve fast operation along waste reduction/Process improvement. In
addition, the growing world population along with increasing market penetration
of electronic goods leads to increase the demand for printed circuit boards.
According to World Bank; world population is 7.8 Billion with only certain
population able to take benefit of electronics due to many reasons.
Furthermore, military, airspace & many other government organizations also
use the electronic equipment for many purposes which is also anticipated to
supplement the market growth. The increasing deployment of electronic equipment
in defense all over globe will augment the market growth of printed circuit
board.
However, the less reach of technology or electronic devices
to remote location in undeveloped regions and lack of knowledge of technology
& ability to use may hamper the market growth. In spite of that, increasing
penetration in the untapped regions by releasing new product as per the
requirement of certain region may create an opportunity for market players.
North America is Anticipated to Dominate the Global
Printed Circuit Board Market.
The global printed circuit board market is segmented into
North America, Europe, Asia-Pacific, Latin America and Middle East &
Africa. North America is anticipated to dominate the global printing circuit
board market as the region is developed and technologically advanced. This
region leads in airspace & military equipment manufacturing which results
in the growth of printed circuit board market in this region. Asia-Pacific is
expected to witness a fastest growth in the global printed circuit board market
within the forecast period due to its large population which account for around
60% of the world population & high demand of electronic goods in this
region.
Printed Circuit Board Market Report Coverage
Key Benefits for Global Printed Circuit Board
Market Report:
- Global
Printed Circuit Board Market report covers in-depth historical and
forecast analysis.
- Global
Printed Circuit Board Market research report provides detail information
about Market Introduction, Market Summary, Global market Revenue (Revenue
USD), Market Drivers, Market Restraints, Market Opportunities, Competitive
Analysis, Regional and Country Level.
- Global
Printed Circuit Board Market report helps to identify opportunities in
marketplace.
- Global
Printed Circuit Board Market report covers extensive analysis of emerging
trends and competitive landscape.
Global Printed Circuit Board
Market Segmentation:
By Product Type:
- Rigid
1-2 Sided
- Standard
Multilayer
- Flexible
Circuits
- Rigid-flex
- HDI/Microvia/Build-up
- IC
Substrate
- Others
By Laminate Materials:
- FR-4
- FR-4
High Tg
- FR-4
Halogen Free
- Standard
& Others
- Flexible
(PI,PET)
- Paper
- Composites
- Others
By Raw Material:
- Glass
Fabric
- Epoxy
Resin
- Kraft
Paper
- Phenolic
Resin
- Polyimide
Film
- Others
By End-User:
- Computer/Peripherals
- Communications
- Consumer
Electronics
- Industrial
Electronics
- Automotive
- Military/Aerospace
- Others
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