Printed Circuit Board (PCB) Market Headed for Growth and Global Expansion by 2026

The report entitled Global Printed Circuit Board (PCB) Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024) provides detailed analysis of the PCB market with detailed analysis of impact of Covid-19, market size by value and segments (product type and application). The report also includes analysis of the China 5G BTS PCB market.

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Growth of the overall global PCB has also been forecasted for the years 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Zhen Ding Technology Holding Limited, Nippon Mektron Limited, TTM Technologies Inc. and Unimicron Technology Corp. are some of the key players operating in the global PCB market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of respective companies are provided.

Company Coverage

  • Zhen Technology Holding Limited
  • Nippon Mektron Limited
  • TTM Technologies Inc.
  • Unimicron Technology Corp.

Regional Coverage

  • North America
  • China

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Executive Summary

Printed circuit boards (PCBs) are the boards that are used as the base in majority of electronics related applications. They are used in the form of a physical support piece and also as the wiring area for the surface-mounted and socketed components. They are most commonly made out of materials like fiberglass, composite epoxy or other composite materials. Bulk of the PCBs for simple electronics are simple and are made out of single layer. More sophisticated hardware such as computer graphics cards or motherboards require multiple layers.

The global PCB market can be segmented on the basis of product type into flex (flexible FPCB and rigid flex PCB), IC substrate, high density interconnect (HDI) and others. On the basis of PCB laminate type, the market can be split into PR4, High Tg Epoxy and Polyimide. The market can be divided on the basis of applications into consumer electronics, automotive, medical, industrial, and military/ aerospace etc.

The growth of the PCB market over the historic period has been supported by various factors such as booming consumer electronics market, growth in healthcare devices industry, increased need for double sided PCB, spike in demand for hi-tech features in automotive and hike in disposable income. The market is also faced by some challenges such as strict supply chain controls and inclination towards COTS components.

Proliferation of 5G technology, 3D printed PCB, other innovations such as biodegradable PCB and spike in use of PCB in wearable technologies and mergers and acquisitions (M&A) activity are some of the latest trends existing in the market.

The growth of the PCB market is strongly linked to the global economy and structural technology like smartphone, 4G/5G and data center. The downfall in the market in 2020 is expected due to the impact of Covid-19. The pandemic has put brakes on manufacturing of consumer electronics, smartphones and automotive and thus dampened demand for PCBs. The market would showcase gradual recovery owing to resumption of manufacturing activities to give a trigger pulse to the global economy.

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