Printed Circuit Boards (PCBs)

Global Printed Circuit Boards (PCBs) Market to Reach US$90.1 Billion by 2030

The global market for Printed Circuit Boards (PCBs) estimated at US$66.1 Billion in the year 2024, is expected to reach US$90.1 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030. Multi-Layer, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$59.9 Billion by the end of the analysis period. Growth in the Double-Sided segment is estimated at 4.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.3 Billion While China is Forecast to Grow at 6.3% CAGR

The Printed Circuit Boards (PCBs) market in the U.S. is estimated at US$7.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.0 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Printed Circuit Boards (PCBs) Market - Key Trends & Drivers Summarized

What Are Printed Circuit Boards (PCBs) and Why Are They Crucial to Modern Electronics?

Printed Circuit Boards (PCBs) are the backbone of most electronic devices, providing the necessary electrical connections between various components through a network of conducting tracks, pads, and other features etched from copper sheets and laminated onto a non-conductive substrate. Essential to both consumer electronics and industrial applications, PCBs are found in everything from smartphones and computers to automotive systems and medical equipment. The design and complexity of PCBs vary widely depending on their applications; they can range from simple single-layer boards to intricate multi-layer boards that accommodate high-speed circuits, flexible circuits, and other advanced functionalities. As technology advances, the demand for smaller, faster, and more efficient devices drives the evolution of PCB technology, pushing the limits of miniaturization and performance enhancement.

How Have Advances in Technology Transformed PCB Manufacturing?

The manufacturing of PCBs has seen significant technological evolution, aimed at improving precision, efficiency, and environmental sustainability. Traditional photolithographic techniques are still prevalent, but newer methods like laser direct imaging (LDI) and inkjet printing are gaining traction due to their ability to produce finer lines and more detailed patterns. These advancements are crucial in the development of high-density interconnect (HDI) PCBs, which support more components on smaller boards, a trend driven by the ongoing miniaturization of electronic devices. Additionally, the use of environmentally friendly materials and processes is becoming increasingly important. Innovations such as lead-free solders and recyclable materials help manufacturers meet regulatory standards and reduce the environmental impact of PCB production.

What Impact Do PCBs Have on the Future of Electronics?

PCBs are pivotal in shaping the future of electronics by enabling the development of new technologies and enhancing existing devices. As the world moves towards smarter and more interconnected devices, the role of PCBs in supporting these advancements becomes even more significant. For instance, the rise of the Internet of Things (IoT) has created a massive demand for PCBs that can operate reliably in diverse environments and maintain connections between a multitude of devices. Similarly, advancements in wearable technology, smart home devices, and automotive electronics all rely on the development of small, durable, and highly efficient PCBs. Furthermore, as electronic devices increasingly become a part of everyday life, the need for robust, long-lasting, and safe electronics underscores the importance of high-quality PCBs in ensuring reliability and performance.

What Drives the Growth in the PCB Market?

The growth in the PCB market is driven by several factors, including the rapid expansion of the consumer electronics sector, increased demand for smart and wearable devices, and broader applications in automotive, healthcare, and industrial sectors. Technological advancements that allow for greater functionality and higher densities of electronic components on PCBs also contribute to this growth. The rise in demand for environmentally sustainable and energy-efficient electronics encourages innovations in PCB design and manufacturing processes. Additionally, the global shift towards automation and continuous improvements in telecommunications infrastructure necessitate the development of more complex and reliable PCBs. Consumer behavior that favors devices integrating AI and IoT technologies further fuels the demand for advanced PCBs. These factors collectively enhance the complexity and utility of PCBs in modern electronics, driving a dynamic and growing market that continuously adapts to technological and consumer trends.

SCOPE OF STUDY:

The report analyzes the Printed Circuit Boards (PCBs) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Multi-Layer, Double-Sided, Single-Sided); Substrate Type (Standard Multilayer, High-Density Interconnect (HDI), IC Substrate, Rigid 1-2 Sided, Rigid-Flex, and Other Substrate Types); End-Use (Computer & Peripherals, Communications, Consumer Electronics, Industrial Electronics, Automotive, Aerospace & Defense, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 225 Featured) -

• Amphenol Corporation
• Amperex Technology Ltd.
• Apex Microelectronics Company Limited
• Autosplice, Inc.
• Auter Elektronics Ltd.
• Advance Circuit Technology, Inc.
• Altron, Inc.
• Applied Magnetics Corporation
• Atrenne Integrated Solutions, Inc.
• Arbell Electronics Inc.
• Advantech Technology Australia Pty Limited
• Advanced Graphene Solutions, Inc.
• Addcom Solution Pte Ltd
• Arround Inc.
• ASM Assembly Systems GmbH & Co. KG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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