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PCB Market Size to Grow by $29.06B from 2024-2028
May 17, 2024 | PRNewswireEstimated reading time: 1 minute
The global printed circuit board (PCB) market size is estimated to grow by USD 29.06 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.6% during the forecast period.
Key Market Trends Fueling Growth
Printed Circuit Boards (PCBs) are essential components in various industries, driving automation and efficiency. They ensure optimum power consumption in high-density applications, contributing to reduced operation costs and improved product quality. PCBs exhibit desirable properties such as dielectric strength, dimensional stability, electrical insulation, mechanical strength, flame retardancy, thermal insulation, and high-temperature performance. The growing adoption of industrial robots, automation machinery, and high-power electrical devices further boosts the PCB market. Additionally, PCBs are vital in electronic equipment, including 5G infrastructure, Internet of Things (IoT), Internet of Vehicles (IoV), artificial intelligence, consumer electronics, and smart devices. The PCB foundation material's reliability and thermal stability are crucial factors in maintaining the performance of these advanced technologies. However, concerns regarding electronic waste, lead, mercury, cadmium, and brominated flame retardants necessitate the development of eco-friendly and sustainable PCB solutions.
Market Challenges
Printed Circuit Boards (PCBs) are essential components in various industries, including semiconductors, automotive, communications, industrial/medical, and telecommunication infrastructure. Made of metal, plastic, ceramic, copper, and epoxy resins, PCBs contain hazardous components that pose environmental risks due to their non-disposability. The industry has shifted from lead solders to lead-free alternatives to reduce toxicity. Recycling PCBs presents challenges such as temperature rise, mechanical shocks, and delamination. Key applications include semiconductor plants, automobile battery control systems, engine timing systems, digital displays, audio systems, power relays, and antilock brake systems. PCBs are also used in smart devices, IoT gadgets, and industrial automation. Materials include fiberglass, glass fabric, and high Tg FR-4, with glass transition temperature crucial for performance. The market encompasses HDI, build-up, microvia, rigid PCBs, and 3D printing.
Suggested Items
Fresh PCB Concepts: Understanding Your Export-controlled PCBs
07/18/2024 | Team NCAB -- Column: Fresh PCB ConceptsThere’s a lot of confusion in the industry about how to handle and manage export-controlled PCBs. Navigating this landscape can be daunting, but understanding the key regulations and restrictions is crucial for compliance and efficient production. With U.S. factories reaching capacity in many areas, many people don’t realize they can export PCBs controlled by Export Administration Regulations (EAR), and in many cases, International Traffic in Arms Regulations (ITAR). They should be aware there is rigorous compliance in place and that the U.S. government sanctions these exports.
The Big Picture: The Shift From China to Southeast Asia
07/16/2024 | Mehul Davé -- Column: The Big PictureThe forecast for PCB growth over the next 10 years is strong. As an indispensable interconnect electronics part, PCBs are currently in high demand for several industries and will be for the foreseeable future. As the PCB industry grows, a significant trend is the gradual relocation of manufacturing facilities from China to Southeast Asia. This shift is driven by several factors, including rising labor costs in China, trade tensions, and the need for diversification of supply chains.
Letter of Urgency to the PCB Industry Gets Massive Response
07/09/2024 | EIPCThe EIPC have received overwhelming support for our Letter of Urgency calling for assistance to the European PCB industry.
The New Chapter: Artificial Intelligence in PCB Design
07/08/2024 | Hannah Grace & Paige Fiet -- Column: The New ChapterWith the rapid advancements in modern technology, a new era of PCB design is emerging, which includes the use of artificial intelligence (AI) and machine learning (ML). AI and ML have been all the rage in the news as they are becoming indispensable tools across various industries. Integrating AI and ML into the PCB design process not only elevates workflows and processes but also enhances the reliability and performance of products developed by the electronics industry.
Merlin Circuit Technology Receive NADCAP Recertification
06/24/2024 | Merlin Circuit TechnologyMerlin Circuit Technology Limited is pleased to announce they have been awarded Nadcap Merit status.