Wilmington, Delaware, Nov. 13, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s market report, the Global Printed Circuit Boards Market value is estimated at US$ 81.2 billion in 2023 and is expected to rise at a strong CAGR of over 4.1% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Printed circuit boards (PCBs) are critical components in electronic devices, acting as the foundation for electronic component integration. A printed circuit board (PCB) mechanically supports and electrically connects electronic components by etching conductive paths, tracks, or signal traces from copper sheets laminated onto a non-conductive substrate. A PCB's principal function is to serve as a platform for the construction and connecting of various electronic components such as resistors, capacitors, integrated circuits, and connectors.
The usage of electronic components for safety, entertainment, navigation, and autonomous driving systems has increased in the car industry. This has increased the demand for PCBs in the automotive industry.
- According to a deep-dive market assessment by RationalStat, the global Printed Circuit Boards market has been analyzed on the basis of market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Printed Circuit Boards market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Printed Circuit Boards market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Printed Circuit Boards Market: Segmental and Market Share Analysis
- On the basis of application, automotive segment is anticipated to dominate the global market with a CAGR of 5%. Increasing demand for PCBs for applications such as vehicle control systems, infotainment systems and electric vehicle components is likely to drive market growth.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 81.2 billion |
| Market Size Forecast | US$ 107.6 billion |
| Growth Rate | 4.1% |
| Dominant Segment | Automotive |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global printed circuit boards market include.
- In September 2022, Wurth Elektronik Circuit Board Technology Group announced the foundation of Wurth Elektronik CBT International GmbH. The new business divison’s main goal is to improve and grow the company’s position in international markets especially in Europe.
Some of the prominent players and suppliers operating and contributing significantly to the global printed circuit boards market growth include Jabil Inc., Wurth elektronik group (Wurth group), TTM Technologies Inc, Becker & Muller Circuit Printing GmbH, Advanced Circuits Inc., Sumitomo Electric Industries Ltd (Sumitomo Corporation), Murrietta Circuits, Unimicron Technology Corporation, Tripod Technology Corporation, and AT&S Austria Technologie & Systemtechnik AG, among others.
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RationalStat has segmented the global printed circuit boards market based on type, application and region
- Global Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Single Sided
- Double Sided
- Multi-Layer
- HDI
- Global Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Industrial Electronics
- Healthcare
- Aerospace & Defense
- Automotive
- IT & Telecom
- Others
- Global Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Printed Circuit Boards Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Printed Circuit Boards Report:
- What will be the market value of the global Printed Circuit Boards market by 2030?
- What is the market size of the global Printed Circuit Boards market?
- What are the market drivers of the global Printed Circuit Boards market?
- What are the key trends in the global Printed Circuit Boards market?
- Which is the leading region in the global Printed Circuit Boards market?
- What are the major companies operating in the global Printed Circuit Boards market?
- What are the market shares by key segments in the global Printed Circuit Boards market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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