Printed Circuit Board (PCB) Market to grow by USD 19,059.2 million from 2022 to 2027

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12 Jul, 2023, 03:00 ET

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NEW YORK, July 12, 2023 /PRNewswire/ -- The printed circuit board (PCB) market is set to grow by USD 19,059.2 million from 2022 to 2027. The market is estimated to be progressing at a CAGR of 5.05% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of smartphones. Factors such as the availability of low-cost smartphones and growing global Internet penetration are expected to fuel the adoption of smartphones globally. Furthermore, developing economies like India and China are becoming significant emerging markets for smartphones due to the rising disposable income of people and growing population. Additionally, there is an increasing advancement in smartphone technology from G LTE to 5G, with RF front-ends using up more space in 5G smartphones. Hence, such factors are expected to drive market growth during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The printed circuit board (PCB) market covers the following areas:

Printed Circuit Board (PCB) Market SizingPrinted Circuit Board (PCB) Market ForecastPrinted Circuit Board (PCB) Market Analysis

The report on the printed circuit board (PCB) market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

Printed Circuit Board (PCB) Market 2023-2027 - Market Dynamics

Significant trends influencing the market growth

The rising industry automation is an emerging trend shaping the market. There is increasing adoption of automation across industries as several desktops and machines are being set up for more effective and efficient control systems. As a result, several industries are forced to adapt to automation to sustain the competition in the market, as automation offers them optimum efficiency in productivity, operation costs, product quality, and safety. But due to the increasing adoption, optimum power consumption can be a significant challenge. Hence PCBs are increasingly adopted across industries to ensure efficient power consumption within the minimal size of the application. One of the main functionality of PCBs includes withstanding peak temperatures and voltages. Hence, such factors are expected to drive market growth during the forecast period.

Major challenges hindering the market growth

Environmental concerns regarding the disposal of PCBs can hinder market growth. The disposal of PCB can be hazardous to the environment as it contains components that are harmful to the environment. PCB wastes consist of metal, plastic, ceramic, and copper materials. Additionally, the presence of epoxy resins in PCBs contains chlorine that is harmful to the environment. Furthermore, the dismantling of PCBs before their disposal is also a major concern for industries. Hence, such factors are expected to hinder market growth during the forecast period.

Printed Circuit Board (PCB) Market 2023-2027: Market Segmentation

This report extensively covers market segmentation by end-user (communication network infrastructure, consumer electronics, automotive electronics, military and aerospace, and others), product (4-6 low, substrates, 1-2 sided, flexible, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

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Related Reports:The flexible printed circuit board market size is expected to increase by USD 1.64 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.73%. Furthermore, this report extensively covers market segmentation by end-user (consumer electronics, automotive, industrial, and others) and geography (APAC, North America, Europe, MEA, and South America). One of the key factors driving growth in the flexible printed circuit board market is the rising adoption of smartphones.

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Printed Circuit Board (PCB) Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.05%

Market growth 2023-2027

USD 19,059.2 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.25

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 84%

Key countries

US, China, Taiwan, South Korea, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Circuits Inc., China Circuit Technology Shantou Corp., Compeq Manufacturing Co. Ltd., Daedeok Electronics Co. Ltd., Dana Inc., Dynamic Electronics Co. Ltd., Ibiden Co. Ltd., Korea Circuit Co. Ltd., MFS Technology S Pte Ltd., NOK Corp., Samsung Electronics Co. Ltd., Shenzhen Kinwong Electronic Co. Ltd., Shenzhen SenYan Circuit Co. Ltd., Sumitomo Electric Industries Ltd., SVR Technologies Pvt. Ltd., Toyota Motor Corp., TTM Technologies Inc., United Microelectronics Corp., Vishal International, and Zhen Ding Technology Holding Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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