Global Printed Circuit Board Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The printed circuit board market consists of sales of printed circuit boards by entities (organizations, sole traders, and partnerships) that are used to connect electronic and electrical components without the use of wires. Printed circuit boards are electric boards, which help wiring surface-mounted and socketed components that are contained within a mechanical structure in most electronics. Their primary function is to physically support and electrically attach electronic devices by printing conductive pathways, tracks, or signal traces on copper sheets attached to a non-conductive substrate.

Global Printed Circuit Board Market Size And Drivers:

The global printed circuit board market is expected to grow from $50.88 billion in 2020 to $54.30 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%. The growth in the printed circuit board market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The printed circuit board market is expected to reach $68.38 billion in 2025 at a CAGR of 5.9%. Increasing electric vehicle sales are expected to propel the growth of the printed circuit board market in the forecast period.

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Trends In The Global Printed Circuit Board Market

The use of biodegradable materials in printed circuit boards (PCBs) is shaping the printed circuit board market. Manufacturers are concentrating on decreasing electronic waste by replacing standard substrates with more ecologically friendly alternatives, which might help reduce the electronics sector's overall environmental effect while also potentially lowering assembly and manufacturing costs. For instance, in 2019, Jive Materials, a UK-based company that develops PCBs launched Soluboard, a non-hazardous and completely biodegradable water-soluble printed circuit board made from flax fiber. The PCB provides a more effective recycling process, allowing even less expensive electronic items to be recycled.

Global Printed Circuit Board Market Segments:
The global printed circuit board market is further segmented –
By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Others
By Substrate: Rigid, Flexible, Rigid-Flex
By Laminate Type: Paper, FR-4, Polyimide, Others
By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Others
By Geography: The global printed circuit board market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific printed circuit board market accounts for the largest share in the global printed circuit board market.

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Printed Circuit Board Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides printed circuit board market overviews, analyzes and forecasts market size and growth for the global printed circuit board market, printed circuit board market share, printed circuit board market players, printed circuit board market segments and geographies, printed circuit board market’s leading competitors’ revenues, profiles and market shares. The printed circuit board market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.