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Global Printed Circuit Board (PCB) Market to reach USD 116.35 billion by the end of 2030

Global Printed Circuit Board (PCB) Market Size study & Forecast, by Type (Single Sided, Double Sided, Multi-Layer, HDI), by Substrate (Rigid, Flexible, Rigid-Flex), by End-user Industry (Industrial Electronics, Healthcare, Aerospace & Defense, Automotive, IT & Telecom, Consumer Electronics, Other End-user Industries) and Regional Analysis, 2023-2030

Product Code: EESC-98056079
Publish Date: 20-05-2023
Page: 200

Global Printed Circuit Board (PCB) Market is valued at approximately USD 78.75 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.00% over the forecast period 2023-2030. A Printed Circuit Board (PCB) is a board made of insulating material, such as fiberglass, with conductive pathways etched onto the surface to connect different components of an electronic circuit. PCBs are used in a wide range of applications, including consumer electronics, automotive, aerospace, and healthcare. The PCB market includes the manufacturing, design, and supply of PCBs and related components, including single-layer, double-layer, multi-layer, and high-density interconnect (HDI) PCBs. The major driving factors for the Global Printed Circuit Board Market are growing demand for electronic devices, increasing demand for IoT devices and increasing adoption of electric vehicles. Moreover, growth in the healthcare industry and advancements in PCB technology is creating a lucrative growth opportunity for the market over the forecast period 2023-2030.

The adoption of electric vehicles is driving the demand for PCBs in the automotive industry. PCBs are used in various components of electric vehicles such as battery management systems, motor control units, and charging systems, which is driving the growth of the PCB market. In 2019, the global electric vehicle market share was around 2.5%, which is expected to grow to around 7.6% by 2023, according to a report by Statista. Similarly, in 2019, the number of electric vehicles on the road worldwide surpassed 5 million, according to the International Energy Agency (IEA). This number is expected to reach 145 million by 2030, driven by government policies and falling battery costs. Along with this, in 2020, China, the world’s largest auto market, announced plans to phase out internal combustion engine vehicles and switch to electric vehicles by 2035, according to a report by CNBC. However, the high cost of Printed Circuit Board (PCB) stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Printed Circuit Board (PCB) Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region is the largest market for electric vehicles due to strong government support, favorable regulations, and the presence of leading EV manufacturers such as Tesla, BYD, and Nissan. China is the largest market for electric vehicles in the world, accounting for around 50% of global EV sales in 2021. Other countries in the region such as Japan, South Korea, and India are also seeing significant growth in EV adoption. The European market for electric vehicles is rapidly growing due to strict emissions regulations, government incentives, and the expansion of charging infrastructure. Norway is currently the leader in EV adoption, with electric vehicles accounting for more than 80% of new car sales in 2021. Other countries in the region such as Germany, France, and the UK are also seeing significant growth in EV adoption.

Major market player included in this report are:
Nippon Mektron Ltd.
Unimicron Technology Corp.
Samsung Electro-Mechanics Co., Ltd.
Tripod Technology Corporation
TTM Technologies, Inc.
Zhen Ding Technology Holding Limited
Young Poong Electronics Co., Ltd.
Compeq Manufacturing Co., Ltd.
AT&S Austria Technologie & Systemtechnik AG
Kingboard Holdings Ltd.

Recent Developments in the Market:
Ø In August 2022, Jabil Inc., a prominent manufacturer of printed circuit boards, announced that it will invest approximately USD 3 million to establish a new design center in Poland. The center will specialize in the design of automotive and healthcare products, which will enable Jabil to strengthen its foothold in these sectors. The investment is expected to enhance the company’s design capabilities and enable it to offer innovative solutions to its customers in the automotive and healthcare industries.

Global Printed Circuit Board (PCB) Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Substrate, End-user Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Substrate offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Single Sided
Double Sided
Multi-Layer
HDI
By Substrate:
Rigid
Flexible
Rigid-Flex
By End-user Industry:
Industrial Electronics
Healthcare
Aerospace & Defense
Automotive
IT & Telecom
Consumer Electronics
Other End-user Industries

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Printed Circuit Board (PCB) Market, by Region, 2020-2030 (USD Billion)
1.2.2. Printed Circuit Board (PCB) Market, by Type, 2020-2030 (USD Billion)
1.2.3. Printed Circuit Board (PCB) Market, by Substrate, 2020-2030 (USD Billion)
1.2.4. Printed Circuit Board (PCB) Market, by End-user Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Printed Circuit Board (PCB) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Printed Circuit Board (PCB) Market Dynamics
3.1. Printed Circuit Board (PCB) Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growing demand for electronic devices
3.1.1.2. Increasing demand for IoT devices
3.1.1.3. Increasing adoption of electric vehicles
3.1.2. Market Challenges
3.1.2.1. High Cost of Printed Circuit Board (PCB)
3.1.3. Market Opportunities
3.1.3.1. Growth in the healthcare industry
3.1.3.2. Advancements in PCB technology
Chapter 4. Global Printed Circuit Board (PCB) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Printed Circuit Board (PCB) Market, by Type
5.1. Market Snapshot
5.2. Global Printed Circuit Board (PCB) Market by Type, Performance – Potential Analysis
5.3. Global Printed Circuit Board (PCB) Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Printed Circuit Board (PCB) Market, Sub Segment Analysis
5.4.1. Single Sided
5.4.2. Double Sided
5.4.3. Multi-Layer
5.4.4. HDI
Chapter 6. Global Printed Circuit Board (PCB) Market, by Substrate
6.1. Market Snapshot
6.2. Global Printed Circuit Board (PCB) Market by Substrate, Performance – Potential Analysis
6.3. Global Printed Circuit Board (PCB) Market Estimates & Forecasts by Substrate 2020-2030 (USD Billion)
6.4. Printed Circuit Board (PCB) Market, Sub Segment Analysis
6.4.1. Rigid
6.4.2. Flexible
6.4.3. Rigid-Flex
Chapter 7. Global Printed Circuit Board (PCB) Market, by End-user Industry
7.1. Market Snapshot
7.2. Global Printed Circuit Board (PCB) Market by End-user Industry, Performance – Potential Analysis
7.3. Global Printed Circuit Board (PCB) Market Estimates & Forecasts by End-user Industry 2020-2030 (USD Billion)
7.4. Printed Circuit Board (PCB) Market, Sub Segment Analysis
7.4.1. Industrial Electronics
7.4.2. Healthcare
7.4.3. Aerospace & Defense
7.4.4. Automotive
7.4.5. IT & Telecom
7.4.6. Consumer Electronics
7.4.7. Other End-user Industries
Chapter 8. Global Printed Circuit Board (PCB) Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Printed Circuit Board (PCB) Market, Regional Market Snapshot
8.4. North America Printed Circuit Board (PCB) Market
8.4.1. U.S. Printed Circuit Board (PCB) Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Substrate breakdown estimates & forecasts, 2020-2030
8.4.1.3. End-user Industry breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Printed Circuit Board (PCB) Market
8.5. Europe Printed Circuit Board (PCB) Market Snapshot
8.5.1. U.K. Printed Circuit Board (PCB) Market
8.5.2. Germany Printed Circuit Board (PCB) Market
8.5.3. France Printed Circuit Board (PCB) Market
8.5.4. Spain Printed Circuit Board (PCB) Market
8.5.5. Italy Printed Circuit Board (PCB) Market
8.5.6. Rest of Europe Printed Circuit Board (PCB) Market
8.6. Asia-Pacific Printed Circuit Board (PCB) Market Snapshot
8.6.1. China Printed Circuit Board (PCB) Market
8.6.2. India Printed Circuit Board (PCB) Market
8.6.3. Japan Printed Circuit Board (PCB) Market
8.6.4. Australia Printed Circuit Board (PCB) Market
8.6.5. South Korea Printed Circuit Board (PCB) Market
8.6.6. Rest of Asia Pacific Printed Circuit Board (PCB) Market
8.7. Latin America Printed Circuit Board (PCB) Market Snapshot
8.7.1. Brazil Printed Circuit Board (PCB) Market
8.7.2. Mexico Printed Circuit Board (PCB) Market
8.8. Middle East & Africa Printed Circuit Board (PCB) Market
8.8.1. Saudi Arabia Printed Circuit Board (PCB) Market
8.8.2. South Africa Printed Circuit Board (PCB) Market
8.8.3. Rest of Middle East & Africa Printed Circuit Board (PCB) Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Nippon Mektron Ltd.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Unimicron Technology Corp.
9.3.3. Samsung Electro-Mechanics Co., Ltd.
9.3.4. Tripod Technology Corporation
9.3.5. TTM Technologies, Inc.
9.3.6. Zhen Ding Technology Holding Limited
9.3.7. Young Poong Electronics Co., Ltd.
9.3.8. Compeq Manufacturing Co., Ltd.
9.3.9. AT&S Austria Technologie & Systemtechnik AG
9.3.10. Kingboard Holdings Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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