-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
PCB Market Poised to Grow at a CAGR of 5.1% and Reach $104.8 Billion by 2033
June 20, 2023 | Globe NewswireEstimated reading time: 2 minutes
In 2023, the size of the global printed circuit boards (PCBs) market is anticipated to be US$ 63.5 billion. The growth of the market is being driven by the expanding application in the various end-use industries. According to estimates, the market will generate US$ 104.8 billion in 2033, with a CAGR of 5.1% between 2023 and 2033.
The printed circuit boards (PCBs) market has experienced rapid growth in the last few years due to the increasing application of printed circuit boards (PCBs) in the electronics industry. The growing advances in consumer electronics and technological innovations in communications are likely to drive the growth of the printed circuit board market.
The increasing use of smartphones, tablets, laptops, and smart home devices, drives the demand for printed circuit boards (PCBs). Increasing demand for energy-efficient products with cost-effective manufacturing and high performance is also expected to boost the growth of the market.
The increasing demand for the miniaturization of IoT devices, and increasing demand for compact electronic devices, including wearables, IoT devices, and medical devices, contribute to the growth of the printed circuit boards (PCBs) market.
North America is expected to dominate the market for printed circuit boards owing to the technological innovations in consumer electronics in the region. The countries such as India, China, and South Korea are the key contributor to the growth of the printed circuit boards market.
Key Takeaways:
- From 2018 to 2022, the printed circuit boards market demand expanded at a CAGR of 6.5%.
- Based on type, the multi-Layer segment accounts for a CAGR of 4.9%.
- By substrate type, the standard multilayer segment is expected to expand at a CAGR of 4.7% during the forecast period.
- North America to emerge as a promising printed circuit board market, capturing a CAGR of 5.1%.
- The printed circuit boards(PCBs) industry in the United Kingdom is predicted to reach US$ 3.9 billion by 2033.
- Asia Pacific to be an opportunistic printed circuit boards market, expected to capture a CAGR of 5.1% during the forecast period.
- South Korea's printed circuit industry is predicted to achieve a market revenue of US$ 5.1 billion by 2033.
“Growing technological innovation in manufacturing technology and increased awareness in the industrial sector are expected to drive the market in the forecast period. The increasing demand from the aerospace & defence sector globally is projected to play a vital role in strengthening the market,” - says an analyst at Future Market Insights (FMI).
Competitive Landscape:
Amperex Technology Ltd.; Apex Microelectronics Company Limited; Amphenol Corporation; Autosplice, Inc.; Auter Electronics Ltd. are some of the leading market players operating in the printed circuit boards (PCBs) market. Some of the recent developments in the market are listed below:
In November 2021- Aurubis AG announces the recycling plant in United States Georgia.
Nippon Mektron, based in Japan, is a major player in the PCB market. The company has been actively investing in research and development to enhance its PCB technologies. It has been working on developing advanced materials and manufacturing processes to meet the demands of high-speed, high-frequency PCBs required in 5G infrastructure, automotive electronics, and other applications.
Zhen Ding Technology, is a leading PCB manufacturer specializing in high-density interconnect and flexible PCBs. The company has been actively involved in the development of advanced PCB technologies for applications such as smartphones, tablets, and automotive electronics. Zhen Ding Technology has also been expanding its production capacity and exploring partnerships to meet the increasing demand for advanced PCBs.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/03/2024 | Nolan Johnson, I-Connect007This week’s most important news is strategic—and telling. When one puts together the IPC industry reports, we simply have to include the recent conversation with Shawn DuBravac and Tom Kastner. On the design side, check out the latest “On The Line With…” podcast featuring Brad Griffin from Cadence Design Systems, discussing SI and PI in the realm of intelligent system design.
IMI Welcomes New CEO
05/03/2024 | IMIIntegrated Micro-Electronics, Inc. (IMI),The IMI Board of Directors announced, in a disclosure dated April 25, 2024, the appointment of Louis Sylvester Hughes, Chief Executive Officer (CEO).
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.