June 19, 2023 12:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
Valley Cottage, New York, UNITED STATES Printed Circuit Board Material
NEWARK, Del, June 19, 2023 (GLOBE NEWSWIRE) -- In 2023, the size of the global printed circuit boards (PCBs) market is anticipated to be US$ 63.5 billion. The growth of the market is being driven by the expanding application in the various end-use industries. According to estimates, the market will generate US$ 104.8 billion in 2033, with a CAGR of 5.1% between 2023 and 2033.
The printed circuit boards (PCBs) market has experienced rapid growth in the last few years due to the increasing application of printed circuit boards (PCBs) in the electronics industry. The growing advances in consumer electronics and technological innovations in communications are likely to drive the growth of the printed circuit board market.
The increasing use of smartphones, tablets, laptops, and smart home devices, drives the demand for printed circuit boards (PCBs). Increasing demand for energy-efficient products with cost-effective manufacturing and high performance is also expected to boost the growth of the market.
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The increasing demand for the miniaturization of IoT devices, and increasing demand for compact electronic devices, including wearables, IoT devices, and medical devices, contribute to the growth of the printed circuit boards (PCBs) market.
North America is expected to dominate the market for printed circuit boards owing to the technological innovations in consumer electronics in the region. The countries such as India, China, and South Korea are the key contributor to the growth of the printed circuit boards market.
“Growing technological innovation in manufacturing technology and increased awareness in the industrial sector are expected to drive the market in the forecast period. The increasing demand from the aerospace & defence sector globally is projected to play a vital role in strengthening the market,” - says an analyst at Future Market Insights (FMI).
Amperex Technology Ltd.; Apex Microelectronics Company Limited; Amphenol Corporation; Autosplice, Inc.; Auter Electronics Ltd. are some of the leading market players operating in the printed circuit boards (PCBs) market. Some of the recent developments in the market are listed below:
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Know More about What this Market Report Covers:
Future Market Insights offers an unbiased analysis of the global printed circuit boards market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the printed circuit boards market, the market is segmented based on type, substrate type, and end-use across five major regions.
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3.8. PESTLE and Porter’s Analysis
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Substrate Type
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Substrate Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Substrate Type, 2023 to 2033
6.4. Y-o-Y Growth Trend Analysis By Substrate Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Substrate Type, 2023 to 2033
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17338
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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