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Printed Circuit Board (PCB) Market Size

Report ID: GMI5035
Published Date: Aug 2022
Report Format: PDF

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Printed Circuit Board Market Size

Printed Circuit Board (PCB) Market size surpassed USD 75 billion in 2021 and is expected to exhibit a CAGR of over 5% between 2022 and 2030. The increasing technological advancements across the automotive sector, driven by the rising emphasis on enhancing road safety, are seen as prominent factors driving the industry demand.

Automobile manufacturers globally have been focusing on deploying cutting-edge electronic components in several comfort & safety systems, including lane-keeping & control systems, ADAS, and intelligent glass control systems to enhance the overall driving experience. The integration of such advanced equipment helps elevate seat comfort, information, and seat comfort, thereby stimulating the PCB market outlook. Furthermore, the surging electrification trends and the rapid usage of smart safety systems in the automotive industry will help the industry gain momentum.

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Printed Circuit Board Market Report Attributes
Report Attribute	Details
Base Year:	2021
Printed Circuit Board Market Size in 2021:	75 billion (USD)
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	5%
2030 Value Projection:	120 billion (USD)
Historical Data for:	2018 to 2021
No. of Pages:	262
Tables, Charts & Figures:	282
Segments covered:	Type, Substrate, Application
Growth Drivers:	Rising integration of electronic component in vehicles Increasing demand for printed circuit boards in healthcare wearables Increasing demand for automation machinery & industrial robots in the manufacturing sector Proliferation of PCBs among the smartphone manufacturers Rising investments in 5G technology and telecom infrastructure in developing nations
Pitfalls & Challenges:	Technical issues associated with PCB designing

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size for printed circuit board crossed USD 75 billion in 2021 and is expected to depict a CAGR of over 5% through 2030 driven by the growing technological advancements and increasing focus on road safety across the automotive sector.

The multi-layered PCB market is expected to attain over 6% gains through 2030 owing to the increasing product utilization in compact electronics.

The rigid PCB sector accounted for more than 85% of the revenue share in 2021 and is speculated to captured a considerable target valuation during 2022-2030 due to their exceptional resistance against corrosive lubricants, UV radiation, and harsh chemicals.

Major enterprises participating in the Printed Circuit Board (PCB) industry include Zhen Ding Tech. Group Technology Holding Limited, DSBJ, Unimicron Technology Corporation, TTM Technologies, Tripod Technology, AT&S, and others.