Printed Circuit Board (PCB) Market Size: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts By 2027

By Ronak Bora

The printed circuit board (PCB) market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical. 
The printed circuit board (PCB) market is poised to witness appreciable growth through the coming years, owing to the surging commercialization of 5G technology, which has led to the expansion of the telecom sector. In the telecom industry, PCBs are combined into the base station equipment, routers, analog and digital broadcasting systems, and servers, among others.
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The printed circuit board (PCB) market from IT & telecom applications will exhibit a CAGR of more than 5% between 2021 and 2027. This upsurge is on account of the rapid 5G technology commercialization, which has led to the expansion of the telecom sector.
In the telecom industry, printed circuit boards are primarily integrated into routers, servers, base station equipment, analog, and digital broadcasting systems, among others.
In February 2021, China’s Ministry of Industry and Information Technology (MIIT) announced the development of 600,000 new 5G base stations in the nation by 2021. The initiative was launched for boosting 5G infrastructure in the country. Such programmes are expected to add new opportunities for growth for regional printed circuit board manufacturers through the anticipated period.
Low circuit density and low conductivity path in comparison to High-Density Interconnect (HDI) and multi-layered printed circuit boards is expected to cause a decline in the revenue of double-sided PCBs through the analysis period.
Double sided PCBs held a market value of more than 35% in the year 2020. Against HDI PCBs, these PCBs have low operational efficiency, low-temperature stability, and do not conduct heavy currents in the circuitry.
In a nutshell, the proliferation of automation and robotics across the manufacturing as well as process industries will augment printed circuit board (PCB) market share through the forecasted period.
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Government policies favoring the growth of the electronics and semiconductor manufacturing industries in Europe have been instrumental in impelling the industry growth. In December 2018, the European Commission, in partnership with Italy, the UK, France, and Germany, announced a joint project for innovations and development in the field of microelectronics. The European Union has announced a financing of USD 2.06 billion in research and development activities and additional funds of USD 7.05 billion funds for the purpose of attracting foreign semiconductor manufacturers to the region.
On this note, it would be safe to state that Europe printed circuit board (PCB) market accounted for a share of 20% in 2020 and will expand at a CAGR of 2% between 2021 and 2027.
Major Key Points from Table of Content:
Chapter 5   Printed Circuit Board (PCB) Market, By PCB Type
5.1    Key trends, by PCB type
5.2    Single sided
5.2.1    Market estimates and forecast, 2016 - 2027
5.3    Double sided
5.3.1    Market estimates and forecast, 2016 - 2027
5.4    Multi layered
5.4.1    Market estimates and forecast, 2016 - 2027
5.5    High Density Interconnect (HDI)
5.5.1    Market estimates and forecast, 2016 - 2027
5.6    Others
5.6.1    Market estimates and forecast, 2016 - 2027
Chapter 6   Printed Circuit Board (PCB) Market, By Substrate
6.1    Key trends, by substrate
6.2    Rigid
6.2.1    Market estimates and forecast, 2016 - 2027
6.3    Flexible
6.3.1    Market estimates and forecast, 2016 - 2027
6.4    Rigid-flex
6.4.1    Market estimates and forecast, 2016 – 2027
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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