SEMICONDUCTOR & ELECTRONICS
Global Printed Circuit Board (PCB) Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Printed Circuit Board (PCB) Market, By Type (Single-Sided, Double-Sided, Multi-Layer, High-Density Interconnect (HDI), and Others), Substrate (Rigid, Flexible and Rigid-Flex), Laminate Materials (FR-4, Flexible (PI, PET), Paper, Composites, and Others), Component (Capacitors, Diodes, Integrated Circuits, Resistors, and Others), Raw Material (Glass Fabric, Epoxy Resin, Kraft Paper, Phenolic Resin, and Polyimide Film), End-User Industry (Industrial Electronics, Healthcare, Aerospace and Defense, IT and Telecom, Automotive, Consumer Electronics, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Printed Circuit Board (PCB) market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
The Printed Circuit Board (PCB) market refers to the industry that designs, manufactures, and distributes printed circuit boards, which are fundamental components in electronic gadgets. PCBs serve as mechanical support and electrical connections for electronic components such as integrated circuits (ICs), resistors, capacitors, and other active and passive components. PCBs are manufactured in a variety of sizes, shapes, and configurations to suit various electronic devices and applications. This market includes both stiff PCBs (made of solid substrate materials like fiberglass) and flexible PCBs (made of flexible materials like polyimide).
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing demand for High-Density Interconnect (HDI) PCBs
- Rising focus on environmental sustainability
RESTRAINTS
- Volatility in end-market demand
- Technological obsolescence
OPPORTUNITIES
- Adoption of advanced materials
- Increased investment in research and development
CHALLENGES
- Fluctuating raw material prices
- Supply chain disruptions
SEGMENTATION
MARKET SEGMENTATION
- Type
- Single-Sided
- Double-Sided
- Multi-Layer
- High-Density Interconnect (HDI)
- Others
- Substrate
- Rigid
- Flexible
- Rigid-Flex
- Laminate Materials
- FR-4
- FR-4 high Tg
- FR-4 Halogen Free
- Standard & Others
- Flexible (PI, PET)
- Paper
- Composites
- Others
- Component
- Capacitors
- Diodes
- Integrated Circuits
- Resistors
- Others
- Raw Material
- Glass Fabric
- Epoxy Resin
- Kraft Paper
- Phenolic Resin
- Polyimide Film
- End-User Industry
- Industrial Electronics
- Healthcare
- Aerospace and Defense
- IT and Telecom
- Automotive
- Consumer Electronics
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Amphenol Corporation
- Wurth elektronik group (Wurth group)
- TTM Technologies, Inc.
- Becker & Muller Schaltungsdruck GmbH
- Advanced Circuits Inc.
- Sumitomo Corporation
- Murrietta Circuits
- Unimicron Technology Corporation
- Nippon Mektron Ltd.
- Zhen Ding Technology Holding Limited
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Printed Circuit Board (PCB) Market, by Type
- 3.2 Global Printed Circuit Board (PCB) Market, by Substrate
- 3.3 Global Printed Circuit Board (PCB) Market, by Laminate Materials
- 3.4 Global Printed Circuit Board (PCB) Market, by Component
- 3.5 Global Printed Circuit Board (PCB) Market, by Raw Material
- 3.6 Global Printed Circuit Board (PCB) Market, by End-User Industry
- 3.7 Global Printed Circuit Board (PCB) Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Growing demand in automotive electronics
- 5.1.2 Emergence of 5G technology
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing demand for High-Density Interconnect (HDI) PCBs
- 5.2.2 Rising focus on environmental sustainability
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Volatility in end-market demand
- 5.3.2 Technological obsolescence
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Adoption of advanced materials
- 5.4.2 Increased investment in research and development
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Fluctuating raw material prices
- 5.5.2 Supply chain disruptions
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Printed Circuit Board (PCB) Market, by Type (2019-2032)
- SECTION 7 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY SUBSTRATE
- 7.1 Substrate Summary
- 7.2 Market Attractive Index
- 7.3 Global Printed Circuit Board (PCB) Market, by Substrate (2019-2032)
- SECTION 8 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY LAMINATE MATERIALS
- 8.1 Laminate Materials Summary
- 8.2 Market Attractive Index
- 8.3 Global Printed Circuit Board (PCB) Market, by Laminate Materials (2019-2032)
- SECTION 9 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY COMPONENT
- 9.1 Component Summary
- 9.2 Market Attractive Index
- 9.3 Global Printed Circuit Board (PCB) Market, by Component (2019-2032)
- SECTION 10 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY RAW MATERIAL
- 10.1 Raw Material Summary
- 10.2 Market Attractive Index
- 10.3 Global Printed Circuit Board (PCB) Market, by Raw Material (2019-2032)
- SECTION 11 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY END-USER INDUSTRY
- 11.1 End-User Industry Summary
- 11.2 Market Attractive Index
- 11.3 Global Printed Circuit Board (PCB) Market, by End-User Industry (2019-2032)
- SECTION 12 - GLOBAL PRINTED CIRCUIT BOARD (PCB) MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Printed Circuit Board (PCB) Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA PRINTED CIRCUIT BOARD (PCB) MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Printed Circuit Board (PCB) Market, by Type (2019-2032)
- 13.4 North America Printed Circuit Board (PCB) Market, by Substrate (2019-2032)
- 13.5 North America Printed Circuit Board (PCB) Market, by Laminate Materials (2019-2032)
- 13.6 North America Printed Circuit Board (PCB) Market, by Component (2019-2032)
- 13.7 North America Printed Circuit Board (PCB) Market, by Raw Material (2019-2032)
- 13.8 North America Printed Circuit Board (PCB) Market, by End-User Industry (2019-2032)
- 13.9 North America Printed Circuit Board (PCB) Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE PRINTED CIRCUIT BOARD (PCB) MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Printed Circuit Board (PCB) Market, by Type (2019-2032)
- 14.4 Europe Printed Circuit Board (PCB) Market, by Substrate (2019-2032)
- 14.5 Europe Printed Circuit Board (PCB) Market, by Laminate Materials (2019-2032)
- 14.6 Europe Printed Circuit Board (PCB) Market, by Component (2019-2032)
- 14.7 Europe Printed Circuit Board (PCB) Market, by Raw Material (2019-2032)
- 14.8 Europe Printed Circuit Board (PCB) Market, by End-User Industry (2019-2032)
- 14.9 Europe Printed Circuit Board (PCB) Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC PRINTED CIRCUIT BOARD (PCB) MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Printed Circuit Board (PCB) Market, by Type (2019-2032)
- 15.4 Asia-Pacific Printed Circuit Board (PCB) Market, by Substrate (2019-2032)
- 15.5 Asia-Pacific Printed Circuit Board (PCB) Market, by Laminate Materials (2019-2032)
- 15.6 Asia-Pacific Printed Circuit Board (PCB) Market, by Component (2019-2032)
- 15.7 Asia-Pacific Printed Circuit Board (PCB) Market, by Raw Material (2019-2032)
- 15.8 Asia-Pacific Printed Circuit Board (PCB) Market, by End-User Industry (2019-2032)
- 15.9 Asia-Pacific Printed Circuit Board (PCB) Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA PRINTED CIRCUIT BOARD (PCB) MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Printed Circuit Board (PCB) Market, by Type (2019-2032)
- 16.4 South America Printed Circuit Board (PCB) Market, by Substrate (2019-2032)
- 16.5 South America Printed Circuit Board (PCB) Market, by Laminate Materials (2019-2032)
- 16.6 South America Printed Circuit Board (PCB) Market, by Component (2019-2032)
- 16.7 South America Printed Circuit Board (PCB) Market, by Raw Material (2019-2032)
- 16.8 South America Printed Circuit Board (PCB) Market, by End-User Industry (2019-2032)
- 16.9 South America Printed Circuit Board (PCB) Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD (PCB) MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Printed Circuit Board (PCB) Market, by Type (2019-2032)
- 17.4 Middle East and Africa Printed Circuit Board (PCB) Market, by Substrate (2019-2032)
- 17.5 Middle East and Africa Printed Circuit Board (PCB) Market, by Laminate Materials (2019-2032)
- 17.6 Middle East and Africa Printed Circuit Board (PCB) Market, by Component (2019-2032)
- 17.7 Middle East and Africa Printed Circuit Board (PCB) Market, by Raw Material (2019-2032)
- 17.8 Middle East and Africa Printed Circuit Board (PCB) Market, by End-User Industry (2019-2032)
- 17.9 Middle East and Africa Printed Circuit Board (PCB) Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Printed Circuit Board (PCB) Market, Company Share Analysis
- 18.2 North America Printed Circuit Board (PCB) Market, Company Share Analysis
- 18.3 Europe Printed Circuit Board (PCB) Market, Company Share Analysis
- 18.4 Asia-Pacific Printed Circuit Board (PCB) Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Amphenol Corporation
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Wurth elektronik group (Wurth group)
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 TTM Technologies, Inc.
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Becker & Muller Schaltungsdruck GmbH
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Advanced Circuits Inc.
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Sumitomo Corporation
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Murrietta Circuits
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Unimicron Technology Corporation
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Nippon Mektron Ltd.
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Zhen Ding Technology Holding Limited
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.