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.
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
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.
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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
Printed Circuit Board Market by Patterning
Silk screen printing
Printed Circuit Board Market by Components
Printed Circuit Board Market – By Materials Used
Printed Circuit Board Market – By End – Use Applications
Safety Devices & Systems
Wireless Communication Devices
Power Backup & Monitoring Devices
Sensors & Monitoring Systems
Data Storage & Handling
Aerospace & Defense
Data Storage & Handling
Audio & Video
Printed Circuit Boards by Geography (covers 14+ countries)
Printed Circuit Boards Market Entropy
Companies Citied / Interviewed
Nippon Mektron (NOK)
Young Poong Corporation
Sumitomo Electric Industries
Tripod technology Corporation
Zhen Ding Tech
Compeq Co., Ltd
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
Top 10 End user Analysis
Merges & Acquisition Analysis
Demand Analysis ( By Revenue & Volume )
Country level Analysis (15+)
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Current & Future Market Landscape Analysis
Revenue and Volume Analysis
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