Global PCB Market Prediction: $89.7 Billion by 2024


Reading time ( words)

According to a new market report published by Lucintel, the future of the PCB market looks promising with opportunities in the computer/peripherals, communications, consumer electronics, industrial, automotive, and military/aerospace industries. The global PCB market is expected to reach an estimated $89.7 billion by 2024 with a CAGR of 4.3% from 2019 to 2024. The major growth drivers for this market are increasing demand for PCB in the communication industry, growth in connected devices, and advancement in automotive electronics.

In this market, different types of PCB such as standard multilayer, flexible, HDI/microvia/build-up, IC substrate, rigid 1-2 sided, rigid-flex, others are used as substrate. On the basis of comprehensive research, Lucintel forecasts that standard multilayers will remain the largest substrate type due to increasing demand in computer and communication industries. The rigid-flex substrate is expected to witness the highest growth during the forecast period due to growing demand for smartphone and display applications.

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.

Emerging trends, which have a direct impact on the dynamics of the PCB industry, include miniaturization of printed circuit boards, growing demand for high speed data and signal transmission, and development of green PCBs. Zhen Ding Technology Holding, NOK Corporation, TTM Technologies, Young Poong Electronics, Samsung Electro-Mechanics, Tripod Technology, Ibiden Co., and others are among the major PCB manufacturers.

Share




Suggested Items

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

08/05/2022 | Nolan Johnson, I-Connect007
The Top 5 list this week contains industry analysis from IPC’s Shawn DuBravac, news on the passage of the U.S. “CHIPS Plus” bill, new materials from Ventec, news about a fab for sale, and a chemistry company completing their acquisition, plus a brand new book in the I-Connect007 eBooks series.

Review: Institute of Circuit Technology 2022 Annual Symposium

06/15/2022 | Pete Starkey, I-Connect007
The British Motor Museum in Warwickshire, housing the world's largest collection of historic British cars, was venue for the 2022 Annual Symposium of the Institute of Circuit Technology on June 8, which attracted a substantial gathering of manufacturers and suppliers from the UK printed circuit industry. ICT chair Emma Hudson reflected upon lessons learned during the pandemic lock-down and how the industry has successfully adapted to circumstances. She commented that the UK’s PCB fabricators are extremely busy, as she introduced an outstanding conference programme including a keynote from the incomparable Happy Holden.

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

06/03/2022 | Andy Shaughnessy, Design007 Magazine
Things are heating up in the world of PCB design and manufacturing as well. In the past week, we published quite a bit of news—some good, some not so good. Some of the news is mixed, as we see with the EMS industry shipments rising YOY in April, but falling from the previous month. It’s nice to see NASA investing in American small businesses, but they didn’t really have a choice, did they?



Copyright © 2022 I-Connect007. All rights reserved.