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%.
“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.”
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Printed Circuit Boards: Technologies and Global Markets( SMC103B )
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