Printed Circuit Board (PCB) Market Analysis

Printed Circuit Board Market Analysis

The multi-layered printed circuit board market is anticipated to attain more than 6% gains through 2030, accounting for a significant industry share. Unlike double-layer PCBs, multi-layer PCBs have at least three layers of conductive material buried in the center. Due to the presence of core and copper layers, these are more robust and thicker than their counterparts. The increasing utilization of these circuit boards in several compact electronic and medical equipment such as computers, GPS technology, handheld devices, X-ray equipment, heart monitors, etc., may support business expansion by 2030.

The rigid PCB segment dominated more than 85% of the market share in 2021 and is poised to hold an appreciable target valuation throughout 2030. Rigid printed circuit boards are capable of withstanding extreme temperatures and stress. Driven by their exceptional resistance against corrosive lubricants, UV radiation, and harsh chemicals, these are highly integrated around the OEMs and find major applications in products such as airplane cockpit instruments, MRI systems, EMG machines, consumer electronics, and many more. The increasing demand for these circuit board from the electronics industry due to improved durability, quality, density, and cost-effectiveness may help the sector grow substantially.
 

The printed circuit board market is likely to gain significant impetus through increasing application in the consumer electronics. The sector accounted for a sizeable valuation in 2021 and is speculated to exhibit around 4% growth rate between 2022 and 2030. The rapidly improving living standards and positive outlook of the global economy have significantly pushed the demand for smart devices and wearables. The increasing design complexities in the consumer electronics industry due to the advent of smart technologies may propel PCB sales by end of 2030.
 

Asia Pacific PCB market captured more than 65% of the revenue share in 2021 and is expected to witness growth during 2022-2030. The regional industry development is backed by the proliferation of the manufacturing sector in the major Asian economies, including China, Japan, and India. The explosive population rise and rapid urbanization in the region have increased the demand for consumer electronics such as tablets, televisions, mobile phones, refrigerators, video game consoles, etc. These trends, coupled with the rollout of favorable government initiatives targeting the development of manufacturing industries, will support the augmentation of the business in the region.