Printed Circuit Board Market Size, Share, Industry Trends and Forecast to 2030

Printed Circuit Board Market Size & CAGR in 2021

The global printed circuit board market is projected to have a CAGR of 5.2% from 2021 to 2028. As a result, the market is expected to reach a value of USD 75.32 billion by 2028.

COVID-19 Impact on the Printed Circuit Board Market

The COVID-19 pandemic has significantly impacted the printed circuit board market. With disruptions in the supply chain, manufacturing delays, and fluctuating demand, the market experienced a temporary setback in 2020. However, with the gradual recovery of the global economy, the market is expected to bounce back and show growth in the coming years.

Printed Circuit Board Dynamics

The printed circuit board market is driven by increasing demand for consumer electronics, automotive electronics, and communication devices. With technological advancements leading to the miniaturization of electronic components, the need for efficient PCBs has increased. Additionally, the adoption of IoT devices, AI technologies, and 5G networks is fueling the growth of the printed circuit board market.

Segments and Related Analysis

Types of Printed Circuit Boards:

1. Rigid PCBs

2. Flexible PCBs

3. Rigid-Flexible PCBs

End-Use Industries:

1. Consumer Electronics

2. Automotive

3. Aerospace & Defense

By Region Analysis

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Middle East and Africa

Key Market Players and Competitive Landscape

1. TTM Technologies

2. Nippon Mektron Ltd.

3. Unimicron Technology Corp.

4. Sumitomo Electric Industries Ltd.

5. Zhen Ding Technology Holding Limited

Recent Happenings in the Printed Circuit Board Market

1. In January 2021, TTM Technologies announced a partnership with a leading technology company to develop advanced PCB solutions for the 5G market.

2. In March 2021, Nippon Mektron Ltd. launched a new range of flexible PCBs designed for wearable devices and IoT applications.

3. In June 2021, Unimicron Technology Corp. unveiled a breakthrough in HDI PCB manufacturing, enabling higher component density and faster data transmission.

4. In September 2021, Sumitomo Electric Industries Ltd. introduced a new generation of automotive PCBs with enhanced reliability and performance for electric vehicles.

5. In December 2021, Zhen Ding Technology Holding Limited expanded its production capacity to meet the growing demand for PCBs in the smartphone and tablet market.