As per the Triton Market Research, the Global Printed Circuit Board Market report is segmented by Raw Material (Phenolic Resin, Kraft Paper, Epoxy Resin, Glass Fabric, Other Raw Materials), Substrate (High-Density Interconnect {HDI}, Integrated Circuit {IC}, Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits, Rigid Flex), Application (Communications, Consumer Electronics, Industrial Electronics, Automotive, Military, Other Applications), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
According to Triton’s research report, the global market for printed circuit board is expected to advance at a CAGR of 5.04% in revenue over the forecasting years 2024-2032.
The printed circuit board (PCB) market forms the backbone of modern electronics, encompassing the design, manufacturing, and assembly of electrical circuits on a non-conductive substrate, typically fiberglass, plastic, or ceramic.
The expansion of the printed circuit board market is driven by a rise in demand for consumer electronics, particularly smartphones, tablets, wearables etc. Additionally, the ongoing advancement of automotive electronics, such as electric vehicles (EVs) and advanced driver-assistance systems (ADAS), has spurred further demand for high-performance PCBs.
However, one of the most pressing issues is the volatility of raw material prices, particularly copper, which is a critical component in PCB manufacturing. This unpredictability can lead to increased production costs and squeezed margins. Additionally, the complexity of PCB designs is driven by the need for higher performance and smaller forms. These factors hinder the printed circuit board market growth.
The Asia-Pacific printed circuit board market is expected to witness the fastest growth during the forecast period. This growth is due to smart device adoption, rising consumer electronics demand, and the growing semiconductor industry. At the recent’ Electronics Circuit Asia 2024’ in Thailand, experts highlighted trends in high-layer count PCBs and HDI for EVs and automotive applications. Thailand is emerging as a key production hub, attracting significant investments from high-tech companies, thereby leading to the progress of the reviewed market.
The key companies in the printed circuit board market are AT&S (Austria Technologie & Systemtechnik Aktiengesellschaft), Nippon Mektron Ltd, OKI Printed Circuits Co Ltd, Nan Ya PCB Corporation, Samsung Electronics Co Ltd, Tripod Technology Corporation, Unimicron Technology Corporation, Ascent Circuit Pvt Ltd, Daeduck Electronics, Shennan Circuits Co Ltd, Compeq Manufacturing Co Ltd, Epitome Components Ltd, Ibiden Co Ltd, Hannstar Board Corporation, ISU Petasys, TTM Technologies Inc, Zhen Ding Technology Holding Ltd, and Young Poong Electronics Co Ltd.
Currently, the increasing focus on renewable energy solutions, such as solar panels and wind turbines, opens up new avenues for PCB applications in power electronics.
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