Marcy's Musings: It's Show Time!
One World, One Industry: Mapping the Future of the Electronics Workforce
The Marketing Minute: Trade Shows—The Investment That Keeps on Giving
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
Smarter Inspection, Greater Savings – Mek Brings AOI & ROI Insights to IPC APEX 2025
02/21/2025 | Mek (Marantz Electronics)Mek (Marantz Electronics), a global leader in Automated Optical Inspection (AOI) and Solder Paste Inspection (SPI) systems, is excited to announce its participation in IPC APEX EXPO 2025, the largest electronics manufacturing event in North America.
Element Solutions Posts 2024 Net Sales of $2.46 Billion, Up 5%
02/20/2025 | Element Solutions Inc.Element Solutions Inc , a global and diversified specialty chemicals company, announced its financial results for the three and twelve months ended December 31, 2024.
Global NEV Sales Expected to Grow 18% in 2025, with US Market Facing Uncertainty
02/20/2025 | TrendForceTrendForce’s latest investigations find that global sales of NEVs—including BEVs, PHEVs, and FCVs—reached 16.29 million units in 2024, marking a 25% YoY increase.
Cadence Reports Q4, Fiscal Year 2024 Financial Results
02/20/2025 | Cadence Design SystemsYear-end backlog was $6.8 billion and current remaining performance obligations (cRPO), contract revenue expected to be recognized as revenue in the next 12 months, was $3.4 billion
The Test Connection Celebrates Its 45-Year Test and Training Legacy at IPC APEX EXPO 2025
02/20/2025 | The Test Connection Inc.The Test Connection Inc. (TTCI), a leading provider of electronic test and manufacturing solutions, is proud to announce its participation in the 2025 IPC APEX EXPO.