Global Printed Circuit Board Market Forecast to 2028: Electric Vehicle Surge Boosts PCB Market - Automotive Sector Poised for High Growth

Dublin, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The "Printed Circuit Board Market Forecast to 2028: Global Trends, Opportunities and Competitive Analysis" report has been added to's offering.

The global printed circuit board (PCB) market is on the verge of substantial expansion, with a projected value of USD 107.7 billion by 2028.

This robust trajectory signifies a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2028.

The future of this market is illuminated by opportunities across diverse industries including computer/peripherals, communications, consumer electronics, industrial, automotive, and military/aerospace. Key driving forces behind this growth include escalating demand for PCBs in the communication sector, the surge in connected devices, and the burgeoning electronics industry within the automotive sector.

Emerging Trends in the PCB Market:

Emerging trends are poised to exert a direct impact on industry dynamics. These include the miniaturization of printed circuit boards, the surging demand for high-speed data and signal transmission, and the development of environmentally-friendly "green" PCBs. Notable market players driving this landscape include NOK Corporation, Zhen Ding Technology, TTM Technologies, Unimicron Technology, Compeq Manufacturing, Young Poong Electronics, and Ibiden.

Comprehensive Market Segmentation:

This comprehensive study dissects the global printed circuit board (PCB) market across various segments, including end use industry, product type, laminate materials, raw material usage, and region:

PCB Market by End Use Industry:

  • Computers/Peripherals
  • Communications
  • Consumer Electronics
  • Industrial Electronics
  • Automotive
  • Military/Aerospace
  • Others

PCB Market by Product Type:

  • Rigid 1-2 Sided
  • Standard Multilayer
  • HDI/Microvia/Build-Up
  • IC Substrate
  • Rigid-Flex
  • Flexible Circuits
  • Others

PCB Market by Laminate Materials:

  • FR-4
  • FR-4 high Tg
  • FR-4 halogen-free
  • Standard & Others
  • Flexible (PI, PET)
  • Paper
  • Composites
  • Others

PCB Market by Raw Material Usage:

  • Glass Fabric
  • Epoxy Resin
  • Kraft Paper
  • Phenolic Resin
  • Polyimide Film

PCB Market by Region:

  • North America
    • USA
    • Mexico
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Taiwan
    • India
    • Japan
    • South Korea
  • The Rest of the World

Insights Shaping the PCB Market:

The market insights highlight pivotal trends and future projections:

  • Standard multilayer PCBs will maintain dominance due to increasing demand in the computer and communication industries.
  • The communication industry will lead in terms of end-use, fueled by growing e-communication trends.
  • The automotive sector is set to experience the highest growth, driven by surging demand for electric and hybrid vehicles.
  • The Asia Pacific region is poised for the highest growth, attributed to increasing electronic content in automobiles, consumer electronic device growth, telecommunication products, and the surge in electric vehicle adoption driven by environmental concerns and regulations.

Defining Attributes of the Market Report:

Market Size Projection:

  • Forecasts for the estimated market size of PCBs in terms of value (USD B).

Trends and Forecast Analysis:

  • Exploration of market trends spanning 2017-2022 and projections for 2023-2028 across various segments and regions.

Segmentation Analysis:

  • Comprehensive examination of market sizing across segments such as end use industry, product type, laminate materials, raw material usage in terms of value.

Regional Analysis:

  • Detailed breakdown of the PCB market across North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities:

  • Analysis of growth prospects concerning end use industry, product type, laminate materials, raw material usage, and regions, shaping the PCB market.

Strategic Analysis:

  • Insights into mergers and acquisitions, new product developments, and competitive landscapes impacting the PCB market, anchored by the Porter's Five Forces model.

Answering Key Questions:

The report addresses pivotal inquiries guiding industry stakeholders and enthusiasts:

  • What are the most promising growth avenues within the PCB market, segmented by end use industry, product type, laminate materials, raw material usage, and region?
  • Which segments are poised for accelerated growth, and what propels this trend?
  • Which regions will spearhead growth, and what fuels their ascendancy?
  • What are the pivotal market dynamics, challenges, and business risks?
  • What business risks and competitive threats are on the horizon?
  • How are emerging trends shaping the market landscape, and what drives their prominence?
  • What shifts are transpiring in customer demands within the market?
  • What novel developments are shaping the market, and which entities are leading these initiatives?
  • Who are the key industry players, and what strategic endeavors propel their business growth?
  • What competing products pose threats to market share?
  • How have recent M&A activities impacted the industry, and what is their influence?

Prominent Market Players:

The report showcases a spectrum of influential companies within the PCB market, including:

  • NOK Corporation
  • Zhen Ding Technology
  • TTM Technologies
  • Unimicron Technology
  • Compeq Manufacturing
  • Young Poong Electronics
  • Ibiden
  • Samsung Electro-Mechanics
  • Tripod Technology
  • Daeduck GDS
  • Nan Ya Printed Circuit Board Corporation
  • AT&S

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