Dan’s Biz Bookshelf: ‘Believe in Better'
The Big Picture: Our Big ‘Why’ in the Age of AI
The Chemical Connection: Through-glass Vias in Glass Substrates
Global PCB Market Driven by Growing Adoption of IoT Devices
October 31, 2017 | PRNewswireEstimated reading time: 1 minute
The global printed circuit board market is forecast to grow at a CAGR of 6.14% during the period 2017-2021.
The latest trend gaining momentum in the market is the growing adoption of IoT devices. Globally, there has been rapid development in deploying smart devices that can adjust according to the changing dynamics of next-generation consoles, laptops, televisions, and mobile devices to be introduced into the market. This will result in having additional electrical and communication components in devices, thus increasing the number of printed circuit boards. Printed circuit boards are platforms on which ICs and connections to other electronic devices are installed and served as the brains of electrical devices. The high growth of IoT devices will accelerate the demand for printed circuit boards from OEMs of smart devices.
According to a report, one of the major drivers for this market is the high adoption of printed circuit boards in connected vehicles. The connected vehicles are defined as the vehicles that are equipped with wireless and wired technologies and can connect with mobile computing devices such as smartphones. Users can unlock their car, check the status of batteries on electric cars, track the location of the car, or remotely start the climate control system with the help of a smartphone. The increasing focus on customer safety and the tightening of vehicle safety regulations resulting from an increase in the number of accidents are leading to the growth of connected cars.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in raw material prices.
Share on:
Suggested Items
Global Dry Film Photoresist Market Set for Robust Growth with Expanding Semiconductor Ecosystem
06/24/2025 | PRNewswireIn 2024, the global market size of Dry Film Photoresist was estimated to be worth US$939 million and is forecast to reach approximately US$1191 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
The Big Picture: Our Big ‘Why’ in the Age of AI
06/25/2025 | Mehul Davé -- Column: The Big PictureWith advanced technology, Tesla, Google, Microsoft, and OpenAI can quickly transform life as we know it. Several notable artificial intelligence (AI) studies, including the 2024 McKinsey Global Survey on AI, have offered insights into AI’s adoption, impact, and trajectory. The McKinsey study revealed that AI adoption continues to grow, with 50% of respondents reporting using AI in at least one business area.
Roll-to-Roll Technologies for Flexible Devices Set to Grow at 11.5% CAGR
06/11/2025 | GlobeNewswireAccording to the latest study from BCC Research, the “Global Markets for Roll-to-Roll Technologies for Flexible Devices” is expected to reach $69.8 billion by the end of 2029 at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029.
PC AIB Shipments Follow Seasonality, Show Nominal Increase for Q4’24
06/06/2025 | JPRAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 9.2 million units in Q1'25 and desktop PC CPUs shipments decreased to 17.8 million units.
Dalfen Industrial Closes Major Sale of One Million+ SF Houston Logistics Park to Global Tech Giant Foxconn
06/06/2025 | Globe NewswireDalfen Industrial recently announced the sale of Fairbanks Logistics Park, a premier four-building, 1,026,609-square-foot Class A industrial campus in Northwest Houston, to Foxconn.