The global Printed Circuit Board (PCB) Market was valued at US$ 68,850 million in 2021and is expected to reach US$ 82,380 million by 2026, expanding at a compound annual growth rate of about 4.2%.
A printed circuit board mechanically and electrically connects electronic components through the use of conductive tracks, pads and other characteristics recorded from one or more layers of copper foil which are laminated on and between the layers sheet of a non-conductive substrate. Device miniaturization has been taking place lately; The technology is reduced to small sizes to increase efficiency and reduce the space occupied by the different components to make it aesthetic.
The PCB mechanically supports and electrically converts electronic components using conductive tracks, tracks or signal traces etched on copper sheets laminated on a non-conductive substrate. They are usually made up of metal circuits, chips, integrated circuits, plugs, cables and plastic laminates. These are the basic components of most of the electronic components in the current scenario. PCBs are present in almost all the electronic devices we use daily, including computers, televisions, smartphones, washing machines, coffee makers, ovens, etc.
Printed circuit board assemblies (PCBA) are widely used in the automotive industry. PCBs have succeeded in generating a change in the way people drive. GPS navigation system, anti-lock braking system, ECU systems that control the motors and various safety functions require PCBs. The aerospace and defense sectors are one of the primary consumers of PCBs with the main applications of avionics, communication systems and weapons systems. The PCB forms the basis for packaging and interconnecting in any electronic circuit. They are used in radar signals installed in military fighter aircraft such as collision prevention, blind-spot detection and the adaptive cruise control system
San Francisco Circuits announced the improvement of turnkey PCB assembly capacities in May 2019. Complete turnkey PCB assembly via SFC minimizes the customer's responsibility for obtaining components, managing the materials list (BOM), inventory and logistics that can be found when working with a partner.
GSPK Circuits becomes the first and only British manufacturer of printed circuits to obtain references in aerospace and automotive as of March 2019. This certification of the international standard for aerospace quality signifies GSPK Circuits' continued commitment to meet and exceed the stringent industry requirements for products related to the aerospace sector, both for the civilians and military.
Drivers, Challenges & Opportunities of Printed Circuit Board Industry
Card cameras configured to be mounted directly on a printed circuit board are called PCB cameras. These cameras are incredibly small, allowing electronics manufacturers to install them on any device. The smartphone market has been affected by this technology and will be supporting the global printed circuit board market in the years to come.
The global PCB market has moved towards flexible and customizable products. LED lighting has become popular among customers, as the LED strip can be bent according to their individual needs. Likewise, another PCB technology includes fitness bands that have become immensely popular among the millennial population, resulting in the expansion of the worldwide printed circuit board market.
HDI (High-Density Interconnect) PCB is one of the most promising growth technologies in PCBs, since they have a higher circuit density than traditional printed circuit boards and also include blind and buried tracks and often contain microvias of 0.006 or less in diameter. Using HDI technology, designers have several options to place one or more components on both sides of the raw PCB. The reduced component size and tone allow for more I/O in smaller geometries, acknowledge faster signal transmission and also result in a significant reduction in signal loss and traffic delays. This aspect is further boosting the demand in the global printed circuit board business.
Earlier, PCB design tools included isolated functional modules for schematic capture, circuit design, signal analysis, thermal analysis and computer-aided manufacturing. But today, all these features have been merged into a single platform as the system-based design becomes evident. The traditional way of developing systems deals with PCB design separately, but current aspects focus on an integrated approach. Although PCB design tools do not offer much growth potential, they are directly related to the emergence of system design automation. PCB connects the electronic and mechanical design of products that can be used to create value for customers. Even if the market itself does not offer great opportunities for growth, increasing challenges, including the design of the wiring harness and the design of the housing, the importance of PCB tools will be crucial.
Internet of things (IoT) offers new opportunities for manufacturers of consumer electronics. The number of systems connected through the Internet has increased in the last decade. Portable devices, such as smartwatches have grown tremendously. Portable devices incorporate flexible sensors and chips for comfortable confinement in the human body. This requires a revolutionary design and manufacturing technology, which will have a significant impact on the global PCB market in the coming years.
Printed Circuit Board Market is segmented & sub-segmented into the following categories with evaluated size, share & forecast until 2024.
Printed Circuit Board Market - By Board Type
Printed Circuit Board Market - By Pattern
The flexible printed circuit boards are anticipated to account for the highest growth rate in the forecast period, owing to its advanced applications compared to the rigid PCBs.
Printed Circuit Board Market - By End-user
Healthcare segment is likely to account for a prominent share in the global printed circuit board market in the coming years. The increasing technological progressions, coupled with the production of several advanced medical devices, is predicted to fuel the demand for PCBs in the healthcare sector in future.
Printed Circuit Board Market - Region
Geographically, North America printed circuit board market held the lion's share in the global business, with a significant contribution from the USA. The region is also foreseen to continue its dominion in the coming years, attributing to the increased adoption of flexible PCBs in end-user industries like consumer electronics, automotive, aerospace and defense, and others. The Asia Pacific printed circuit board market is also likely to expand with a notable growth rate in the outlook period.
The key companies mentioned in the global printed circuit board market report include TTM Technologies Inc., Jabil Inc., Nan Ya PCB, Plexus Corporation, Young Poong, Benchmark Electronics, SEMCO, Advanced Circuits, GSPK Circuits, CMK and others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Printed Circuit Board Market, By Board Type
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Printed Circuit Board Market, By Pattern
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Printed Circuit Board Market, By End-User
6.3.3 Aerospace & Defense
6.3.4 Consumer Electronics
6.3.5 Industrial Electronics
6.3.6 IT and Telecom
6.3.7 Market Size Estimations & Forecasts (2019-2024)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Board Type
7.2.3 By Pattern
7.2.4 By End-User
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Board Type
7.3.3 By Pattern
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Board Type
7.4.3 By Pattern
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Board Type
7.5.3 By Pattern
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Board Type
7.6.3 By Pattern
7.6.4 By End-User
8. Key Player Analysis
8.1 include TTM Technologies Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Jabil Inc.
8.3 Nan Ya PCB
8.4 Plexus Corporation
8.5 Young Poong
8.6 Benchmark Electronics
8.8 Advanced Circuits
8.9 GSPK Circuits
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures