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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.
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American Standard Circuits Achieves Successful AS9100 Recertification
10/14/2025 | American Standard CircuitsAmerican Standard Circuits (ASC), a leading manufacturer of advanced printed circuit boards, proudly announces the successful completion of its AS9100 recertification audit. This milestone reaffirms ASC’s ongoing commitment to the highest levels of quality, reliability, and process control required to serve aerospace, defense, space, and other mission-critical industries.
Imec Launches 300mm GaN Program to Develop Advanced Power Devices and Reduce Manufacturing Costs
10/13/2025 | ImecImec, a world-leading research and innovation hub in nanoelectronics and digital technologies, welcomes AIXTRON, GlobalFoundries, KLA Corporation, Synopsys, and Veeco as first partners in its 300mm gallium-nitride (GaN) open innovation program track for low- and high-voltage power electronics applications.
Renesas Powers 800 Volt Direct Current AI Data Center Architecture with Next-Generation Power Semiconductors
10/13/2025 | RenesasRenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced that it is supporting efficient power conversion and distribution for the 800 Volt Direct Current power architecture announced by NVIDIA, helping fuel the next wave of smarter, faster AI infrastructure.
SEMI Reports Global 300mm Fab Equipment Spending Expected to Total $374 Billion Over Next Three Years
10/09/2025 | SEMIGlobal 300mm fab equipment spending is expected to reach $374 billion from 2026 to 2028, SEMI reported today in its latest 300mm Fab Outlook.
Advanced Rework Technology Inspires Students at National Manufacturing Day 2025
10/08/2025 | A.R.T. Ltd.Advanced Rework Technology Ltd. (A.R.T.), a leading independent IPC-accredited training provider, joined forces with Jaltek, a UK-based electronics manufacturer with over 35 years’ experience in designing and producing high-quality electronic products, to deliver hands-on workshops for students during National Manufacturing Day 2025.