The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
Global Sourcing Spotlight: Navigating the Variables of Holiday Schedules in Global Sourcing
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.
Share on:
Suggested Items
Flexible Printed Circuit Boards Market Expected to Reach $51.05 Billion by 2031 at a CAGR of 11.2%
12/20/2024 | EINPresswire.comA new report by Coherent Market Insights forecasts the global flexible printed circuit boards (FPCB) market to reach $51.05 billion by 2031, reflecting a strong compound annual growth rate (CAGR) of 11.2% from 2024.
Automotive PCB Market Share to Rise at 5.4% CAGR, to Reach $16.43 Billion by 2034
12/18/2024 | Globe NewswireThe global automotive PCB market size is projected to grow from USD 9.72 billion in 2024 to USD 16.43 billion by 2034, at a CAGR of 5.4%, according to a new report by Polaris Market Research.
How Printed Circuit Boards Power Our Everyday Gadgets
12/12/2024 | PRNewswireAccording to the latest study from BCC Research, the demand for Printed Circuit Boards: Technologies and Global Markets was valued at $67.9 billion in 2023 and is projected to grow from $70.9 billion in 2024 to $92.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% from 2024 through 2029.
EIPC Technical Snapshot: Factors Driving the Fluctuating Demand for PCBs
12/11/2024 | Pete Starkey, I-Connect007EIPC continued its series of online Technical Snapshots with a webinar on Nov. 21 presented by Dr. Hayao Nakahara of N.T. Information Ltd, who summarised world PCB production and shared his vision of the market over the next five years. With information gathered from many sources, Nakahara examined factors driving the increasing demand for printed circuit boards.
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from $3.9 billion in 2024 to $9.2 billion by 2031.