Global PCB Market Driven by Growing Adoption of IoT Devices


Reading time ( words)

The global printed circuit board market is forecast to grow at a CAGR of 6.14% during the period 2017-2021.

The latest trend gaining momentum in the market is the growing adoption of IoT devices. Globally, there has been rapid development in deploying smart devices that can adjust according to the changing dynamics of next-generation consoles, laptops, televisions, and mobile devices to be introduced into the market. This will result in having additional electrical and communication components in devices, thus increasing the number of printed circuit boards. Printed circuit boards are platforms on which ICs and connections to other electronic devices are installed and served as the brains of electrical devices. The high growth of IoT devices will accelerate the demand for printed circuit boards from OEMs of smart devices.

According to a report, one of the major drivers for this market is the high adoption of printed circuit boards in connected vehicles. The connected vehicles are defined as the vehicles that are equipped with wireless and wired technologies and can connect with mobile computing devices such as smartphones. Users can unlock their car, check the status of batteries on electric cars, track the location of the car, or remotely start the climate control system with the help of a smartphone. The increasing focus on customer safety and the tightening of vehicle safety regulations resulting from an increase in the number of accidents are leading to the growth of connected cars.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in raw material prices.

Share


Suggested Items

Technology Ambassador Alun Morgan

12/10/2018 | Barry Matties, I-Connect007
Barry Matties speaks with Alun Morgan about his new position as technology ambassador for Ventec International Group. In this position, Alun will use his wealth of knowledge and experience to inform the supply chain better when it comes to topics like thermal management and the sometimes shaky connection between designers and material suppliers.

Ventec's Marketing Strategy and Their Newly Appointed Technology Ambassador

12/05/2018 | Pete Starkey, I-Connect007
At electronica 2018, Mark Goodwin, chief operating officer at Ventec International Group, discusses the company’s marketing strategy along with their newly appointed technology ambassador, Alun Morgan, and how he sees the world.

Jeff Waters: Isola Updates

11/08/2018 | Nolan Johnson and Barry Matties, I-Connect007
During PCB West 2018, Nolan Johnson and Barry Matties sat down with Jeff Waters, Isola CEO, to catch up on company activities, including the recent sale of the factory in Chandler, Arizona, the plan to build a new facility, product developments, current market dynamics, a new CFO, and much more.



Copyright © 2018 I-Connect007. All rights reserved.