Printed Circuit Board Market - By Type , By Board Type , By Components , By Laminate Type , By End Use Industry , By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030

Printed Circuit Board Market Overview

Report Coverage

The report: “Printed Circuit Board Market– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Printed Circuit Board Market.

By Type – Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB.
By Board Type – Rigid 1-2 Sided, Flex, Rigid Flex, IC Substrate, Standard Multilayer, HDI/Microvia/Buildup.
By Components – Capacitors, Diodes, Integrated Circuits, Resistors and Others.
By Laminate Type – Paper, FR-4, CEM, Polymide and Others.
By End Use Industry – Automotive, Healthcare, Industrial Electronics, Aerospace and Defense, Consumer Electronics Maritime Transport and Others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia, Malaysia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

Key Takeaways

• The demand for PCBs is high in the forecast period due to growing demand for hybrid electric vehicles (HEV) and Battery electric Vehicles (BEV)
• Printed circuit boards are used in several automotive applications like anti-lock brake systems, safety and security features, ECU systems, control engines and GPS navigation systems.
• PCBs can be programmed to perform system essential commands irrespective of their sizes.
• Asia-Pacific is projected to dominate the market share in the forecast period. Due to economies like China, Japan, South Korea and Taiwan which is witnessing a high surge in automotive production due to availability of low labour and logistical costs.

Printed Circuit Board Market, By Geography, 2023

Printed Circuit Board Market Segment Analysis - By Type

There are three types of printed circuit boards they are single-sided, double-sided and multi-layer PCBs. Multi Layer PCB is projected to grow at the fastest rate from 2024-2030 at 5.30% CAGR. Each type of PCB has various price points and uses and they are widely used in automotive applications. Single-sided PCB is something which comes with only one layer of conducting material on one side of the board and other side is used for incorporating different electronic components such as integrated circuits, programmable logic controllers, electrolytic capacitors and resistors on the board. Double-sided surface mount PCBs are same as single-sided PCBs but the difference is they have two sided traces with top and bottom layer. Multi-layer PCB’s can support a high level of circuit complexity as they are made up of three or more copper layers laminated together.

Printed Circuit Board Market Segment Analysis - By End Use Industry

The various end users assessed include automotive, healthcare, industrial electronics, consumer electronics, maritime transport, aerospace & defense and others. PCB in healthcare is used in various devices which monitor health of a person or assist the doctor in surgical operations. On the other hand PCB in pharmaceutical industry used in manufacturing drugs and other medicines at industry level. PCBA stands for printed circuit board assemblies and they are widely used in the automobile industry. PCB’s have managed to bring a change in the way people drive through increasing complexity of components such as Integrated circuits, programmable logic controllers, electrolytic capacitor and resistors. GPS navigation system, anti-lock brake system, ECU systems that control engines and several safety and security features that all require PCB’s. Aerospace and defense sectors are one of the key consumers of PCB with major application avionics, communication systems, and weapon systems. PCB forms the necessary foundation for packaging and interconnecting in any electronic circuits. PCBs are used in radar signals which set up in military fighter aircraft such as collision avoidance, blind spot detection and adaptive and adaptive cruise control system. Printed circuit boards are commonly used in vehicles these days in passenger cars and commercial vehicles. Passenger Vehicles dominate the automotive market in 2020. The main function of the PCB is to provide mechanical support and electric connection to different components of the vehicle. One of the most common uses of printed circuit boards for vehicles deals with deployment of airbags which is necessary to prioritize safety. The circuit board is incorporated in the airbag deployment rate sensor which helps in dissipating static electricity and triggering the bag when needed. Likewise it is used in in-vehicle infotainment, GPS systems, and power converters and others.

Printed Circuit Board Market Segment Analysis – By Geography

Asia-Pacific is projected to dominate the market share in the forecast period with 45% share in 2020. Economies like China, Japan, South Korea and Taiwan are witnessing a high surge in automotive production as well as across manufacturing sector due to the availability of low labor and logistical costs. Due to enhanced production capacities and the rise of digitalization together driving the PCB in this region. Additionally, China and India are expected to grow much faster due frequent activities in construction, transportation and industrialization contributing to the market growth.

Printed Circuit Board Market Drivers

Growing electric vehicles sales driving the market growth

Advanced electronics drive growth of PCB

Printed Circuit Board Market Challenges

Failure in function of PCB

Printed Circuit Board Market Landscape

Acquisitions/Technology Launches/Partnerships

• In Feb 2020, Lumax Industries extended a joint venture with Stanley Electric. The joint venture will provide a complete range of Stanley Electric products to the Indian automotive industry. Starting with the production of printed circuit boards (PCBS) to core component of automotive lighting system for Lumax Company.
• In Sep 2019, Delphi Technologies PLC partnered with Cree Incorporation, a leader in silicon carbide semiconductors to utilize silicon carbide semiconductor device technology to enable faster, smaller, lighter and more powerful electronic systems for future electric vehicles.

Key Market Players:

The Top 5 companies in the Printed Circuit Board Market are:

1. Würth Elektronik
2. TTM Technologies, Inc.
3. Advanced Circuits Inc.
4. Sumitomo Corporation
5. Unimicron Technology Corporation

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