GROWTH FORECAST OF PCB ELECTRONICS BY 2030
According to Precedence Research, the global printed circuit board market size was valued at USD 78 billion in 2021 and is expected to hit USD 128 billion by 2030, registering at a CAGR of 5.66% during the forecast period 2022 to 2030.
- By product, the rigid PCBs segment holds the largest market share 86% in 2021.
- By application, consumer electronics segment holds the largest market share in the global market.
- By region, Asia-Pacific holds the largest market share 47% in 2021.
Asia Pacific region region is predicted to dominate the printed circuit board market, accounting for the highest market share in 2021.
The rising usage of printed circuit board in electronics, aerospace, IT & telecom, industrial and automotive sectors are contributing in driving the growth of the market in terms of value sales.
Continuous efforts in the R&D of printed circuit board, to explore potential applications in various end use industries, are anticipated to fuel the market growth over the forecast period.
Growing demand from printed circuit board due to the increasing usage of advanced devices is anticipated to propel the market growth during the forecast period.
Additionally, technological advancement in various industries including medical, consumer electronics, and automobiles have significantly contributed to the development of the living standards of the masses in the countries like Middle East and Africa.
From the past few years, there has been growth in the demand for compact PCBs in the healthcare sectors.
The growing demand for non-invasive treatment in healthcare industry is creating demand for multi layered printed circuit boards in order to meet the increasing requirement for compact devices.
North America is expected to be the fastest growing market for the growth printed circuit boards industry in the upcoming years.
Scope of the report:
Growth of industrial automation to offer immense opportunities for rigid PCBs in the market.
The rigid PCB utilize the glass-reinforced plastic substrate that make it almost economical as compared to other printed circuit substrate. In addition to this,
Low Electronic Noise
Immunity to Movement
Ease in Diagnostics and Repair