Connect the Dots: Designing for Reality—Routing, Final Fab, and QC
Target Condition: ‘Boomer to Zoomer: Do You Copy?’
Elementary, Mr. Watson From Classroom to Career—Bridging the Gap in PCB Design Talent
PCB Market Expanding at 3.62% CAGR, To Reach $100 Billion by 2032
January 17, 2025 | EINPresswire.comEstimated reading time: Less than a minute
The global Printed Circuit Board (PCB) Market was valued at US$72.63 billion in 2023 and is projected to exhibit steady growth over the coming years. The market is expected to reach US$75.26 billion in 2024 and grow further to USD 100.0 billion by 2032, representing a compound annual growth rate (CAGR) of 3.62% during the forecast period (2025-2032). The consistent demand for electronics and advancements in technology are the primary drivers for the PCB market.
Key Drivers of Market Growth
1. Technological Advancements: The rapid development of new technologies, such as 5G, artificial intelligence (AI), and the Internet of Things (IoT), is boosting the demand for advanced PCBs.
2. Rising Demand in Consumer Electronics: The proliferation of smartphones, wearables, and home appliances is fueling PCB market growth.
3. Growth in Automotive Electronics: Increasing integration of electronic components in vehicles, such as infotainment systems, safety systems, and electric vehicle (EV) components, is driving PCB demand.
4. Industrial Automation: The adoption of robotics and automation in industries requires advanced PCBs, contributing to market expansion.
5. Global Shift Toward Renewable Energy: The need for PCBs in solar panels and wind turbines is expected to rise as renewable energy becomes more widespread.
Share on:
Suggested Items
Infineon Launches Automotive-Grade RISC-V Microcontroller Family
03/06/2025 | InfineonInfineon Technologies AG leads the way for the adoption of RISC-V in the automotive industry: The company will launch a new automotive microcontroller family based on RISC-V within the coming years.
Lockheed Martin's LM 400 Tech Demo to Prove Out Design and Risk Reduction Efforts
03/06/2025 | Lockheed MartinThe latest self-funded technology demonstration from Lockheed Martin (NYSE: LMT) is ready to launch no earlier than March 15.
MicroCare to Debut Advanced Cleaning and Lubrication Solutions at IPC APEX 2025
03/06/2025 | MicroCare Corp.MicroCare, a global leader in critical cleaning and coating solutions, is excited to announce its participation in the IPC APEX Expo 2025, taking place from March 18-20 at the Anaheim Convention Center in California.
Alpha and Omega Semiconductor to Feature Groundbreaking Controllers for AI and Robust Packaging Advancements at APEC 2025
03/05/2025 | Alpha and Omega SemiconductorAlpha and Omega Semiconductor Limited (AOS), a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules will showcase its complete line of advanced power management solutions at the Applied Power Electronics Conference (APEC).
Akrometrix LLC Reports a Record Year of Revenue for 2024
03/04/2025 | Akrometrix LLCAkrometrix, the global leader in Thermal Warpage Metrology, announces financial results for the full year 2024.