Press Releases

Printed Circuit Boards Global Market to Reach $75.8 Billion

October 09, 2018

WELLESLEY, Mass., Oct. 09, 2018 –The $63 billion printed circuit board (PCB) market is expected to see continued growth due to the expanded usage of electronic devices, according to the BCC Research report Printed Circuit Boards: Technologies and Global Markets.Serving as the raw ingredient of every electronic component, PCBs allow signals and power to be passed among physical devices.

The market is driven by the development of enhanced durable circuit board and a bolstering consumer electronics industry. The emergence of Internet of Things (IoT) technology, increased use of smartphones, tablets and smart wearables, and growth in the automotive and manufacturing sectors are driving the demand for PCBs.

The PCB market is expected to reach $75.8 billion by 2023, demonstrating a compound annual growth rate (CAGR) of 3.2%.

Research Highlights

  • The Asia-Pacific market is expected to grow at a CAGR of 3.8% through 2023, the highest rate among global regions, due to the presence of numerous electronics equipment manufacturing hubs.
  • In 2017, multilayer rigid was the largest revenue contributor among all types of PCBs. By 2023, however, flex type PCB is anticipated to hold a major share of the global market due to the growing demand for flexible PCBs that withstand mechanical vibrations of the circuit.
  • TTM Technologies, Inc., Advanced Circuits and Sanmina Corporation are key players North America.

Mobile phones, tablets, mobile devices and smartphones have gained high demand for new hardware and software,” the report notes. “As the scope of their operational areas continue to expand the smartphones are expected to be viewed as worthy successors of the personal computers (PCs) and notebooks. Mobile phones, smartphones and tablets represent the eventual in miniaturization and portability. This end-use application category is the final frontier for designers to address to make the technology acceptable to the broader electronics manufacturing ecosystem. Some of the examples of PCB adoption in this domain includes antennas, battery chargers, DSP units, motherboards and touchscreens.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Printed Circuit Boards: Technologies and Global Markets( SMC103B )
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