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Global PCB Market to Grow at CAGR of 3.63% During 2015-2022
March 3, 2016 | PR.comEstimated reading time: 1 minute
The printed circuit board market is expected to grow at the CAGR of 3.63% during 2015-2022. The global printed circuit board market is segmented on the basis of end user application, components used, materials used and geography. The report on global Printed circuit board market forecast 2015-2022 provides detailed overview and predictive analysis of the market.
Some of the factors driving the global printed circuit board market are wide use of the printed circuit board in electronic industry, Also the technology is becoming more technically advanced and this is also pushing the printed circuit board industry. Other major drivers of the industry are the wide use of the internet which is in turn increasing the market for the industry also e-waste collection goals and government laws will help in growth of the recycled PCB market. The rising demand of precious metals and rare earth metal is leading the market expansion.
Some of the factors acting as the restraint for the market are a steady decline in the manufacturers of PCB manufacturers in Europe and North America. Also the issue related to data destruction in hard drives and pen drives is preventing the companies from activities.
Major players of the industry include Samsung EM, Sumitomo Denko PC, Gold Circuit, Nanya PCB, and SEMCO. Etc.
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