Printed Circuit Board Market To Reach USD 120.8 Billion By 2032 Report By DataHorizzon Research

One of the primary drivers of market growth is the increasing demand for consumer electronics and smart devices.

Fort Collins, Colorado, Feb. 21, 2024 (GLOBE NEWSWIRE) -- The Printed Circuit Board (PCB) Market size was valued at USD 76.3 Billion in 2023 and is expected to reach a market size of USD 120.8 Billion by 2032 at a CAGR of 5.2%. 

The electronics industry depends heavily on printed circuit boards (PCBs), the backbone of various electronic devices, including laptops, smartphones, industrial machinery, and automotive systems. The market demand for PCBs has surged due to recent trends, including artificial intelligence (AI) and machine learning algorithms in PCB design and manufacturing processes.

This trend helps improve performance, enhance reliability, and streamline production workflows. Additionally, introducing additive manufacturing techniques like 3D printing holds immense potential for revolutionizing PCB fabrication, providing greater design flexibility and shorter lead times. The emergence of 5G networks has triggered a surge in demand for high-frequency PCBs that can support the increased data transfer rates and low latency requirements of 5G-enabled devices.

PCB manufacturers are investing heavily in advanced materials and manufacturing processes to meet the stringent performance criteria of 5G infrastructure and devices, driving market growth. In addition, the worldwide shift towards electric vehicles has significantly increased demand for PCBs used in electric drivetrains, battery management systems, and onboard electronics. Governments worldwide are introducing stricter emissions regulations and incentives for electric mobility, which bodes well for the PCB market as it benefits from the trend towards electrification.

Request Sample Report:

Segmentation Overview:

The global printed circuit board (PCB) market has been segmented into type, substrate, end-user, and region. By 2023, the multi-layer PCB segment will dominate the market with superior signal integrity, reduced EMI, and improved thermal management. These PCBs have three or more layers of conductive traces and insulating substrates laminated together. They are crucial in advanced electronic systems like smartphones, tablets, and high-performance computing devices. PCBs are crucial to consumer electronic devices such as smartphones, tablets, laptops, televisions, and gaming consoles. The consumer electronics segment is the leading market for PCBs. The demand for miniaturized, high-performance PCBs with advanced features like multi-layered designs, high-density interconnects (HDI), and flexible substrates is driven by trends in portable electronics, wearable devices, and smart home appliances.

Buy This Research Report:

Printed Circuit Board Market Report Highlights:

  • The global printed circuit board (PCB) market growth is anticipated at a CAGR of 5.2% by 2032.
  • PCBs are crucial components in electronic devices. With the rise of AI and machine learning, the demand for PCBs has increased, leading to improved performance and reliability. 3D printing also has the potential to revolutionize PCB fabrication, offering design flexibility and shorter lead times. The demand for high-frequency PCBs for 5G-enabled devices has surged, driving market growth. The shift towards electric vehicles has also increased demand for PCBs in electric drivetrains, battery management systems, and onboard electronics. Governments worldwide are introducing regulations and incentives for electric mobility, benefiting the PCB market.
  • China dominates the PCB production industry, aided by a strong electronics manufacturing ecosystem, a skilled workforce, and favorable government policies. Demand for PCBs is driven by rapid industrialization, urbanization, and the proliferation of consumer electronics, automotive, and telecommunications sectors.
  • Some prominent players in the printed circuit board (PCB) market report include Sumitomo Electric Industries, Nippon Mektron Ltd., Compeq Manufacturing Co. Ltd., Amphenol, ZD Tech, TTM Technologies, Inc., TE Connectivity, Unimicron Technology Corporation, Molex, AT&S, Hon Hai Precision Industry Co., Ltd., and Sumitomo Denko among others.

Industry Trends and Insights:

-          Molex has opened a new campus in Katowice, Poland, to expand its global manufacturing footprint. The 23,000 square-meter manufacturing space will be a central location to deliver advanced medical devices for Phillips-Medisize, a Molex company, and electric vehicle solutions for Molex customers.

-          Sumitomo Electric has received an order from Kashiwazaki Ideal & Realistic Energy for an 8-hour duration vanadium redox flow battery (VRFB) with a capacity of 1MW/8MWh. The battery will be supplied to Niigata, Japan's new municipal power company. 

Looking Exclusively For Region/Country Specific Report?


Ask For Discount

Printed Circuit Board Market Segmentation:

By Type: Single-Sided, Double-Sided, Multi-Layer, HDI (High-Density Interconnect), Others

By Substrate: Rigid, Flexible, Rigid-Flex

By End-User: IT & Telecommunication, Consumer Electronics, Industrial Electronics, Automotive, Aerospace and Defense, Others

By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. 

About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.



Ph: +1-970-672-0390


Follow Us: LinkedIn 

Recent Publications

Fiber Optic Preform Market 2023 to 2032

Flow Meter Market 2023 to 2032

Smart TV Market 2023 to 2032

True Wireless Stereo Market 2023 to 2032

Digital Printing Market 2023 to 2032


Contact Data