The Chemical Connection: Surface Finishes for PCBs
It’s Only Common Sense: 7 Tips to Focus on What Works
The Marketing Minute: Go Big or Go Home—Long-form Content Is Your Brand’s Best Friend
PCB Market Expanding at 3.62% CAGR, To Reach $100 Billion by 2032
January 17, 2025 | EINPresswire.comEstimated reading time: Less than a minute
The global Printed Circuit Board (PCB) Market was valued at US$72.63 billion in 2023 and is projected to exhibit steady growth over the coming years. The market is expected to reach US$75.26 billion in 2024 and grow further to USD 100.0 billion by 2032, representing a compound annual growth rate (CAGR) of 3.62% during the forecast period (2025-2032). The consistent demand for electronics and advancements in technology are the primary drivers for the PCB market.
Key Drivers of Market Growth
1. Technological Advancements: The rapid development of new technologies, such as 5G, artificial intelligence (AI), and the Internet of Things (IoT), is boosting the demand for advanced PCBs.
2. Rising Demand in Consumer Electronics: The proliferation of smartphones, wearables, and home appliances is fueling PCB market growth.
3. Growth in Automotive Electronics: Increasing integration of electronic components in vehicles, such as infotainment systems, safety systems, and electric vehicle (EV) components, is driving PCB demand.
4. Industrial Automation: The adoption of robotics and automation in industries requires advanced PCBs, contributing to market expansion.
5. Global Shift Toward Renewable Energy: The need for PCBs in solar panels and wind turbines is expected to rise as renewable energy becomes more widespread.
Share on:
Suggested Items
Real Time with... IPC APEX EXPO 2025: Creative Approaches to Measuring Thermal Warpage
03/31/2025 | Real Time with...IPC APEX EXPONeil Hubble discusses his research on measuring thermal warpage which focuses on challenges in testing small, thin samples. He introduces non-destructive testing methods that effectively measure without damaging components. Neil highlights the industry's growing interest in AI and outlines future technology goals, including improved resolution and automation to enhance production efficiency.
Zenaida Valianu, IPC, Earns IPC Excellence in Education Award at IPC APEX EXPO 2025
03/31/2025 | IPCThe IPC Excellence in Education award was presented to Zenaida (Zenny) Valianu, IPC, at IPC APEX EXPO 2025, recognizing her significant contributions to workforce development and leadership.
IPC APEX EXPO 2025 Review: Expecting the Unexpected
03/31/2025 | Tom Kastner, GP VenturesOne of the best things about trade shows is not the scheduled meetings but the chance meetings that come up unexpectedly. Just because you happened to go down one aisle instead of the next, you bump into an old acquaintance that you have not seen for years, or you happen to talk to the guy in line next to you to get a $5 Pepsi, and it turns into a great, new connection.
Gartner Forecasts Worldwide GenAI Spending to Reach $644 Billion in 2025
03/31/2025 | Gartner, Inc.Worldwide generative AI (GenAI) spending is expected to total $644 billion in 2025, an increase of 76.4% from 2024, according to a forecast by Gartner, Inc.
L3Harris Completes Sale of Commercial Aviation Solutions Business to TJC for $800 Million
03/31/2025 | BUSINESS WIREL3Harris Technologies has completed the previously announced sale of its Commercial Aviation Solutions (CAS) business to an affiliate of TJC L.P. for $800 million. The entire $800 million cash purchase price was paid to L3Harris at the closing of the transaction.