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Global PCB Market to Reach $90.1 Billion by 2030
July 13, 2023 | Globe NewswireEstimated reading time: Less than a minute
The global market for Printed Circuit Boards (PCBs) estimated at US$60.2 Billion in the year 2022, is projected to reach a revised size of US$90.1 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.
Multi-Layer, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$59.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Double-Sided segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.7 Billion, While China is Forecast to Grow at 6.1% CAGR
The Printed Circuit Boards (PCBs) market in the U.S. is estimated at US$6.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
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