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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.
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Aspocomp to Showcase Expertise at European Microwave Exhibition
09/16/2024 | AspocompAspocomp, a leading provider of advanced printed circuit board (PCB) solutions, is excited to announce its participation at the European Microwave Exhibition (EuMW) 2024.
Fresh PCB Concepts: The Journey of a PCB—A Tale of Sustainability and Circularity
09/12/2024 | Team NCAB -- Column: Fresh PCB ConceptsImagine a bustling factory floor where hundreds of PCBs hum with potential, each one destined to be the brain of a new electronic device. From the sleek smartphone in your pocket to the intricate systems in electric vehicles, PCBs are the unsung heroes of our digital world. But have you ever wondered what happens to these tiny powerhouses when their work is done? The journey of a PCB doesn’t end when a device reaches the end of its life. In fact, that’s where the next chapter begins—a chapter that’s critical for our environment and our future.
It’s Only Common Sense: Selling PCBs Isn’t That Hard, Is It?
09/09/2024 | Dan Beaulieu -- Column: It's Only Common SenseSelling PCBs is a bit like playing chess; every move matters and the endgame is always about delivering value. If you've been in this business as long as me, you know that it’s not just about pushing product. It’s about understanding what the customer needs and how to meet those needs better than anyone else. Let’s be honest: Selling PCBs is no easy task. The market is competitive; the technology is complex, and the customers are demanding. But if you’ve got the right mindset and a few key strategies up your sleeve, success is within your reach.
Cost-optimize Your PCB Design and Specifications
08/20/2024 | Erik Pedersen and Richard Koensgen, ICAPE GroupKnowledge is the key to identifying the small details that makes the big cost difference for your printed circuit board. There are many types of printed circuit boards and multiple choices between the development of schematic and BOM to PCB technology selection, electronic PCB design, mechanical and physical properties, and PCB specification.
OKI Sets Up New PCB Manufacturing Line for Semiconductor Manufacturing and Testing Equipment at Joetsu Plant
08/20/2024 | BUSINESS WIREThe OKI Group PCB business company OKI Circuit Technology has set up a new ultra-high-multilayer PCB line at the Joetsu Plant in Joetsu City, Niigata Prefecture, with full-scale operations commencing in July.