Global Printed Circuit Board Market 2017-2021
About Printed Circuit Board
Printed circuit board, also known as printed wiring cards or printed wiring boards, is a thin board printed with electrical wires. The electrical wires are connected to the processor, CPU, and other interconnected electronic components on the board. Printed circuit board uses solder metal to make electrical connections between printed circuit board board and electronic components. Due to this, printed circuit board allows power and signals to route between physical devices. Printed circuit boards are primarily used to mechanically support and electrically connect the electronic components by various conductive paths.
Technavio’s analysts forecast the global printed circuit board market to grow at a CAGR of 6.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global printed circuit board market for 2017-2021. To calculate the market size, the report considers the revenue generated from end-use segments such as the automotive electronics, communication network infrastructure, consumer electronics, military and aerospace, healthcare, and industrial.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Printed Circuit Board Market 2017-2021
Technavio recognizes the following companies as the key players in the global printed circuit board market: NIPPON MEKTRON, Zhen Ding Tech, TTM Technologies, and Unimicron
Other Prominent Vendors in the market are: CMK, Daeduck Electronics, Dynamic Electronics, IBIDEN, Kingboard Chemical Holdings, LG Innotek, Nan Ya PCB, SEMCO, Tripod Technology, UNITECH, and Young Poong.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing adoption of IoT devices. Globally, there has been rapid development in deploying smart devices that can adjust according to the changing dynamics of next-generation consoles, laptops, televisions, and mobile devices to be introduced into the market. This will result in having additional electrical and communication components in devices, thus increasing the number of printed circuit boards. Printed circuit boards are platforms on which ICs and connections to other electronic devices are installed and served as the brains of electrical devices. The high growth of IoT devices will accelerate the demand for printed circuit boards from OEMs of smart devices.”
According to the report, one of the major drivers for this market is High adoption of printed circuit boards in connected vehicles. The connected vehicles are defined as the vehicles that are equipped with wireless and wired technologies and can connect with mobile computing devices such as smartphones. Users can unlock their car, check the status of batteries on electric cars, track the location of the car, or remotely start the climate control system with the help of a smartphone. The increasing focus on customer safety and the tightening of vehicle safety regulations resulting from an increase in the number of accidents are leading to the growth of connected cars.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in raw material prices.
NIPPON MEKTRON, Zhen Ding Tech, TTM Technologies, Unimicron, CMK, Daeduck Electronics, Dynamic Electronics, IBIDEN, Kingboard Chemical Holdings, LG Innotek, Nan Ya PCB, SEMCO, Tripod Technology, UNITECH, and Young Poong.
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