Printed Circuit Board Market

A printed circuit board is an electronic circuit board installed in various electronic devices. It contains an electrical circuit, which is made by connecting components. The conductors and components of a printed circuit board are contained within a mechanical structure. Its mechanical design is created by insulating material, which is laminated between layers of conductive material. The printed circuit board is used in daily use devices, such as TV, washing machine, computer, smartphones, oven, and refrigerator, among others.

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The major factors responsible for the growth of the global printed circuit board market are technological advancements in healthcare devices, industrial automation, and the increasing demand for advanced electronic devices by consumers. The strong demand for PCBs in vehicles, which enables the drivers to connect their smartphones with the vehicle to check battery status, unlock doors, start climate control systems, and track their vehicles in real-time, is another factor that is energizing the market growth. The demand for electronic devices, such as smartphones, smartwatches, and other devices, is increasing globally due to the lower prices offered by several electronic companies. This factor is contributing to the surge in demand for printed circuit boards in the end-use industries.

Other factors include increasing demand for high-speed data and signal transmission, growing demand in the communication industry, advancement in automotive electronics, and miniaturization of PCBs, which are boosting the growth of the global printed circuit board market. The government rules and laws concerned to the environment promote the development of green PCBs are growing the demand of the global printed circuit board market. On the contrary, the COVID-19 pandemic has affected the printed circuit board market due to the constraints and unenhanced production capacities as demand for electronic devices reduced. This factor might restrain the market for printed circuit board globally.

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Based on the board type, the market is segmented into rigid 1-2-sided, standard multilayer, HDI/microvia/build-up, IC substrate, flexible circuits, and others. The HDI/microvia/build-up segment is anticipated to witness a faster CAGR over the forecast period. HDI (high density interconnect) PCBs have a superior circuit density as compared to conventional circuit boards, which is the reason why it has appeared as one of the most promising technologies. HDI technology allows creators to place one or more components on both sides of raw PCBs by providing multiple options. These features are propelling the growth of the HDI segment in the global printed circuit board market.

Based on the end-use industry, the market is segmented into healthcare, automotive, industrial electronics, aerospace & defense, consumer electronics, and maritime transport. The consumer electronics segment is expected to grow at a higher CAGR over the forecast period. Printed circuit boards have a massive usage in electronic devices such as smartphones, calculators, large circuit boards, remote control units, and smartwatches, among others. These devices have a high demand from the consumers, which plays a significant role in driving the growth of the consumer electronics segment in the global printed circuit board market.

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Based on the region, the North America region is expected to dominate the global printed circuit board market. This is attributed to the growing demand for consumer electronics in the North America region. People have become more aware of the Internet of Things (IoT), which is increasing the demand for electronic devices with the printed circuit board. PCBs provide outstanding performance and superior packaging flexibility, which is raising the demand for PCBs in automotive industry applications. These factors are significantly growing the printed circuit board market in the North America region.

Various notable players operating in the market include TTM Technologies, Young Poong Co., Ltd., CMK Corporation, Nan Ya PCB Co., Ltd., Systems Engineering & Management, Jabil Inc., Becker & Muller Schaltungsdruck GmbH, Würth Elektronik GmbH & Co., Advanced Circuits, and Sumitomo Corporation, among others.

 Key Developments:

• • In 2019, TTM Technologies acquired intellectual property and manufacturing assets from i3 Electronics. After this acquisition, TTM Technologies announced the inauguration of a new engineering center in New York.
  • In 2019, Jabil, Inc. partnered with Eaton Corporation to produce electromechanical and printed circuit board assemblies for the eMobility business of Eaton. This partnership was initiated by Eaton and aimed to offer world-class quality and improved speed of production to their customers.

The global Printed Circuit Board market has been segmented on the basis of board type, components, end-use industry, and regions. Based on board type, the market is segmented into rigid 1-2 sided, standard multilayer, HDI/microvia/build-up, IC substrate, flexible circuits, and others. Based on components, the market is segmented into capacitors, diodes, integrated circuits, resistors, and others. Based on end-use industry, the market is segmented into healthcare, automotive, industrial electronics, aerospace & defense, consumer electronics, and maritime transport. Based on region, the global printed circuit board market is segmented into North America, Europe, Asia-Pacific, and roW

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Key questions answered in this research report:

• • At what pace is global printed circuit Board market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in printed circuit board market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global printed circuit board market?
  • Which board type generated maximum revenues in 2019 and identify the most promising board type during the forecast period?
  • What are the various end-use industry areas of global printed circuit board market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Printed Circuit Board Market by Board Type

• • Rigid 1-2 Sided
  • Standard Multilayer
  • HDI/Microvia/Build-up
  • IC Substrate
  • Flexible Circuits
  • Others

Global Printed Circuit Board Market by Components

• • Capacitors
  • Diodes
  • Integrated Circuits
  • Resistors
  • Others

Global Printed Circuit Board Market by End-Use Industry

• • Healthcare
    • Monitoring
    • Surgical
    • Manufacturing
    • Others
  • Automotive
    • Safety Devices & Systems
    • Navigation
    • Entertainment Systems
    • Internal Systems
  • Industrial Electronics
    • Machine Tools
    • Robotics
    • Wireless Communication Devices
    • Power Backup & Monitoring Devices
    • Sensors & Monitoring Systems
    • Digital Cameras
    • Data Storage & Handling
  • Aerospace & Defense
    • Avionics
    • Weapon Systems
    • Communication Systems
    • Others
  • Consumer Electronics
    • Data Storage & Handling
    • Mobile Products
    • Audio & Video
    • Home Appliances
    • Wearable
    • Others
  • Maritime Transport
    • Commercial Ships
    • Naval Vessels
    • Fishing Ships
    • Weather Ships
    • Others

Global Printed Circuit Board Market by Region

• • North America Printed Circuit Board Market (Option 1: As a part of the free 25% customization)
    • North America Printed Circuit Board Market by Board Type
    • North America Printed Circuit Board Market by Components
    • North America Printed Circuit Board Market by End-Use Industry
    • US Printed Circuit Board Market All-Up
    • Canada Printed Circuit Board Market All-Up
  • Europe Printed Circuit Board Market (Option 2: As a part of the free 25% customization)
    • Europe Printed Circuit Board Market by Board Type
    • Europe Printed Circuit Board Market by Components
    • Europe Printed Circuit Board Market by End-Use Industry
    • UK Printed Circuit Board Market All-Up
    • Germany Printed Circuit Board Market All-Up
    • France Printed Circuit Board Market All-Up
    • Spain Printed Circuit Board Market All-Up
    • Rest of Europe Printed Circuit Board Market All-Up
  • Asia-Pacific Printed Circuit Board Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Printed Circuit Board Market by Board Type
    • Asia-Pacific Printed Circuit Board Market by Components
    • Asia-Pacific Printed Circuit Board Market by End-Use Industry
    • China Printed Circuit Board Market All-Up
    • India Printed Circuit Board Market All-Up
    • Japan Printed Circuit Board Market All-Up
    • Rest of APAC Printed Circuit Board Market All-Up
  • RoW Printed Circuit Board Market (Option 4: As a part of the free 25% customization)
    • RoW Printed Circuit Board Market by Board Type
    • RoW Printed Circuit Board Market by Components
    • RoW Printed Circuit Board Market by End-Use Industry
    • Brazil Printed Circuit Board Market All-Up
    • South Africa Printed Circuit Board Market All-Up
    • Saudi Arabia Printed Circuit Board Market All-Up
    • UAE Printed Circuit Board Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Printed Circuit Board Market All-Up

Major Players Operating in the Printed Circuit Board (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • TTM Technologies
  • Young Poong Co., Ltd.
  • CMK Corporation
  • Nan Ya PCB Co., Ltd.
  • Systems Engineering & Management
  • Jabil Inc.
  • Becker & Muller Schaltungsdruck GmbH
  • Würth Elektronik GmbH & Co.
  • Advanced Circuits
  • Sumitomo Corporation