According to the recent study the printed circuit board (PCB) market is projected to reach an estimated $137.3 billion by 2027 from $84.9 billion in 2021, at a CAGR of 4% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for PCB in the communication industry, growth in connected devices, and growth in automotive electronics.
Browse 137 figures / charts and 117 tables in this 229 -page report to understand trends, opportunities and forecast in printed circuit board (PCB) market by end use industry (computer/peripheral, communication, consumer electronics, industrial electronics, automotive, military/aerospace, and others), product type (standard multilayer, flexible circuits, HDI/microvia/build-up, IC substrate, rigid 1-2 sided, rigid flex, and others), laminate material type (FR-4, flexible, paper, CEM and others), laminate raw material usage (glass fabric, epoxy resin, kraft paper, phenolic resin, and polyimide film), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Standard multilayer market is expected to remain the largest segment during the forecast period.”
Based on product type, the printed circuit board (PCB) market is segmented into standard multilayer, flexible circuits, HDI/microvia/build-up, IC substrate, rigid 1-2 sided, rigid flex, and others. Lucintel forecasts that the standard multilayer market is expected to remain the largest segment due to increasing demand in computer and communication industries.
“Within the printed circuit board (PCB) market, the communication segment is expected to remain the largest end use industry”
Based on end use industry the communication segment is expected to witness the highest growth over the forecast period due to growing e-communication. The automotive segment is expected to witness the highest growth due to the increasing demand for electric and hybrid vehicles.
“Asia pacific will dominate the printed circuit board (PCB) market in near future”
Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing electronic content in automotive, and growth in consumer electronic devices and telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for PCB in this region.
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Major players of printed circuit board (PCB) market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NOK Corporation, Zhen Ding Technology, TTM Technologies, Unimicron Technology, Compeq Manufacturing, Young Poong Electronics, Ibiden, SEMCO, Tripod Technology, Daeduck, AT&S, and Nan Ya Printed Circuit Board are among the major printed circuit board (PCB) providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pcb-markets.aspx or firstname.lastname@example.org