Tim’s Takeaways: One for the Archives
The Pulse: Overconstraining: Short, Slim, and SmoothPCB 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.
Share on:
Suggested Items
Popular Book on Complex Circuit Board Design Now Available in Audio Format
06/13/2024 | I-Connect007I-Connect007 is excited to announce the release of its first audiobook. The popular Printed Circuit Designer’s Guide to… Executing Complex PCBs, downloaded over 3,300 times, is now available in audio format. Level up your learning in the car, on the bike trails, or at your desk.
The Sky's the Limit: A Day in the Life of PCB Designer Paul Brionez
06/04/2024 | Michelle Te, I-Connect007Paul Brionez is a senior printed circuit board layout engineer for Wisk Aero LLC. He’s responsible for the layout of PCBs and the management of library parts being created to use in PCB assemblies. He’s also involved in the creation of processes and procedures to be used in the creation, management, and release/revision of PCBs and PCBAs used for Wisk Aero applications.
American Made Advocacy: Batting .333: Great in Baseball, Not in Microelectronics
05/28/2024 | Travis Kelly -- Column: American Made AdvocacySome in Washington, D.C. have the misperception that the CHIPS Act is all we need to address serious supply chain challenges. Using a baseball analogy, investing only in semiconductors would be batting .333, a pretty good average. But this isn’t baseball. We need to bat 1.000 through legislation and policies to invest 100% of the technology stack, including printed circuit boards (PCBs) and IC substrates.
American Made Advocacy: What About the Rest of the Technology Stack?
05/14/2024 | Travis Kelly -- Column: American Made AdvocacyThose of us who have been in the industry for any length of time know America manufactures very little of the world’s supply of microelectronics. This happened over decades and was invisible or ignored by policymakers as companies shipped both their ideas and their production to Asia—and made a good profit in the process.
Altair SimSolid Transforms Simulation for Electronics Industry
03/22/2024 | AltairAltair, a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.