The global printed circuit board market share reached US$ 67.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 87.7 Billion on by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Printed circuit board Market Overview
A printed circuit board (PCB) is an electrical circuit that uses conductive pathways, tracks, or signal traces to mechanically support and electrically connect electronic components. It is composed of fiberglass, epoxy, and other composite materials that help reduce the complexity of the overall circuit design. It helps enhance a computing system's strength, performance, reliability, and security. As a result, PCB finds extensive applications in the defense, healthcare, aerospace, electronics, information technology (IT), and telecommunications industries across the globe.
Request For Free Sample Report@ https://www.imarcgroup.com/printed-circuit-board-market/requestsample
Market drivers in the Printed circuit board Market
The global printed circuit board market is primarily driven by the rising product utilization in the head-up display (HUD), advanced driver assistance systems (ADAS) control modules and antilock brake systems of vehicles. Moreover, the increasing trend of miniaturization in the semiconductor industry has augmented product demand. Additionally, the widespread integration of robotics, artificial intelligence (AI), and the internet of things (IoT) has accelerated the product adoption rate.
Besides this, the rising use of PCBs in manufacturing remote-control units, circuit boards, industrial machinery, calculators, aerospace components, medical devices, business machines and computers, and communication, control, and home entertainment equipment has catalyzed the market growth. Furthermore, the rising demand for eco-friendly PCBs due to the increasing volumes of electronic waste is contributing to market growth. Other factors, including the rapid expansion in the automotive sector, technological advancements, and product innovations, are also anticipated to drive the market further.
prominent players operating in the Printed Circuit Board Market
Advanced Circuits Inc., AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Becker & Müller Circuit Printing GmbH, Jabil Inc., Murrietta Circuits, Nippon Mektron Ltd. (NOK Corporation), Sumitomo Corporation, TTM Technologies Inc., Unimicron Technology Corporation (United Microelectronics Corporation), Würth Elektronik GmbH & Co. KG (Würth Group) and Zhen Ding Technology Holding Limited.
What segments are covered in the global printed circuit board market research report?
The report has been segmented the market into following categories:
Breakup by Type:
Single-Sided
Double-Sided
Multi-Layer
HDI
Breakup by Substrate:
Rigid
Flexible
Rigid-Flex
Breakup by End Use Industry:
Industrial Electronics
Healthcare
Aerospace and Defense
Automotive
IT and Telecom
Consumer Electronics
Others
Regional Insights:
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
Inquire Before Buying@ https://www.imarcgroup.com/request?type=report&id=5982&flag=F
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 |
Africa and Europe :- +44-702-409-7331 |
Asia: +91-120-433-0800, +91-120-433-0800
