Industrial, Manufacturing & Heavy Industry Market News

Global PCB market is estimated to hit $70 billion by 2024

Industrial Market Research

APAC is the dominating market for global PCB market and is estimated to grow at a rate of 36.87% to reach 6.4 billion by 2024 owing to the increasing penetration of smartphones and tablets across the region. In Asia-Pacific, South Korea has become an international hub for electronics industry.

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Printed circuit board (PCB) refers to a board that has lines and pads that connect various points together by utilizing conductive tracks, pads and others such as etched copper sheets which are laminated onto a non-conductive substrate. PCB manufacturers invest a great deal of money into their R&D departments to bring out better design and PCB manufacturing process according to the specific requirements.

Asia Pacific to have a major share in the Printed Circuit Board Market

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The companies here are slowly overtaking the electronics market from Japan. The is followed by China which has served as the greatest emerging nation for printed circuit board manufacturing due to low waged labor and cheap production facilities.

Taiwan is known for some of the largest PCB manufacturers across the world which have majority market share in PCB manufacturing. The PCB market will continue flourishing in East Asia due to the government support to become the world leader in global electronics industry.

On the other side, North America is growing with a highest CAGR of 44.98% followed by Europe, during the forecast period.

Sample Analysis done in the full Report:

Standard multilayer PCB holds the largest share and continue its dominance in the global PCB market and projected to reach about $1.27 billion by the end of 2024. These boards are gaining huge demand owing to the need for smaller and lighter boards for use in electrical devices, military equipment, healthcare miniaturization, and other industry verticals.

The market is all set to exhibit robust development with a broad range of applications in various industry verticals which include aerospace & defense, automotive, consumer electronics, industrial electronics, and many others. Industrial electronics is projected to continue its dominance in the global PCB market owing to large number of customers with an extremely wide range of technological requirements and projected to reach about $28.31 billion by the end of 2024, while healthcare & pharmaceutical sector is estimated to witness significant growth rate of CAGR 3.8% during 2018-2024.

Access report at:  industryarc.com/Report/110/Printed…and-Forecast.html

Excerpts on Market Growth Factors

Massive growth in electronics industry owing to the economic liberalization, simplifying licensing and foreign investment policies will surely propel growth of the market.

Rising demand for advanced smart devices across various consumer electronics coupled with growing automation in the industries will result for the growth of the market during the forecast period.

Key players of the Printed Circuit Boards Market

Global PCB market key players have making different strategic initiatives include partnerships, acquisitions, products launches and collaborations majorly to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.

Nippon Mektron Ltd (Japan), Unimicron Technology Corp (Taiwan), Hannstar Board Corp (Taiwan), Zhen Ding Technology Holding Ltd (Taiwan), Ibiden Co Ltd (Japan), Tripod Technology Corp (Taiwan) are the major key players of the PCB Market.

Printed Circuit Boards Market report is segmented as below

GAN applications are seen in optoelectronic products like LEDs, lasers. The LED industry is the main user of Printed Circuit Boards.

Larger diameters for the products are chosen for increasing the output and efficiency of the production plants.

Printed Circuit Board Market by Board Type

Rigid 1-2 Sided

Standard Multilayer

HDI/Microvia/Build-up

IC Substrate

Flexible Circuits

Rigid Flex

Others

Printed Circuit Board Market by Patterning

Silk screen printing

Photoengraving

PCB Milling

Others

Printed Circuit Board Market by Components

Capacitors

Diodes

Integrated Circuits

Resistors

Others

Printed Circuit Board Market – By Materials Used

Copper

Iron

Tin

Nickel

Lead

Aluminium

Zic

Silver

Gold

Palladium

Bismuth

Chromium

Printed Circuit Board Market – By End – Use Applications

Healthcare

Monitoring

Surgical

Manufacturing

Others

Automotive

Safety Devices & Systems

Navigation

Entertainment Systems

Internal Systems

Engine Control

Chassis

Instrument Plan

Others

Industrial Electronics

Machine Tools

Robotics

Wireless Communication Devices

Power Backup & Monitoring Devices

Sensors & Monitoring Systems

Digital Cameras

Data Storage & Handling

Laptops

Desktops

Printers

Scanners

Others

Aerospace & Defense

Avionics

Weapon Systems

Communication Systems

Others

Consumer Electronics

Data Storage & Handling

Laptops

Printers

Scanners

Mobile Products

Audio & Video

Television

Set-top Boxes

Digital Cameras

Others

Home Appliances

Others

Maritime Transport

Commercial Ships

Cargo

Bulk Carriers

Container Ships

Tankers

Refrigerated Ships

Passenger

Ferries

Cruise Ships

Ocean Liners

Naval Vessels

Fishing Ships

Weather Ships

Others

Printed Circuit Boards by Geography (covers 14+ countries)

Printed Circuit Boards Market Entropy

Companies Citied / Interviewed

Nippon Mektron (NOK)

TTM Technologies

Young Poong Corporation

Sumitomo Electric Industries

Samsung Electronics

Ibiden

Tripod technology Corporation

Zhen Ding Tech

Unimicron Corporation

Compeq Co., Ltd

Company 11

Company 12

Company 13

Company 14

Company 15

What can you expect from the report?

The Printed Circuit Boards Market Report is Prepared with the Main Agenda to Cover the following 20 points:

Market Size by Product Categories

Market trends

Manufacturer Landscape

Distributor Landscape

Pricing Analysis

Top 10 End user Analysis

Product Benchmarking

Product Developments

Merges & Acquisition Analysis

Patent Analysis

Demand Analysis ( By Revenue & Volume )

Country level Analysis (15+)

Competitor Analysis

Market Shares Analysis

Value Chain Analysis

Supply Chain Analysis

Strategic Analysis

Current & Future Market Landscape Analysis

Opportunity Analysis

Revenue and Volume Analysis

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