Printed Circuit Board Market – Growth Prospects and Trends

According to Triton’s research report, the global printed circuit board market is expected to generate a CAGR of 5.04% in revenue over the forecasting years 2024-2032.

A recent study by Triton Market Research titled Global Printed Circuit Board Market includes the Global Analysis and Forecasts by Application (Industrial Electronics, Automotive, Military, Communications, Consumer Electronics, Other Applications), Substrate (High-Density Interconnect {HDI}, Integrated Circuit {IC}, Rigid Flex, Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits), Raw Material (Phenolic Resin, Epoxy Resin, Glass Fabric, Kraft Paper, Other Raw Materials), and Regional Outlook (North America, Middle East and Africa, Europe, Asia-Pacific, Latin America).

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Printed circuit boards (PCBs) are critical components in almost every electronic device, from consumer electronics and medical devices to industrial machinery and automotive systems. This market is characterized by single-sided, double-sided, and multi-layered boards, with varying levels of application.

Amidst semiconductor advancements, PCB technology is crucial for industries like renewable energy, consumer electronics, and automotive sectors. With global semiconductor sales reaching $46.4 billion in April 2024, it highlights expanding adoption that drives innovation within PCB. Similarly, the rising utility of IoT devices is driving demand for PCB production, leading to market growth.

However, this market faces challenges from rapidly increasing e-waste, with 62 million tonnes generated in 2022. To combat this, regulatory frameworks are being strengthened by respective authorities and governments to ensure responsible e-waste disposal and recycling. Aligning with these standards may restrict the expansion of the printed circuit board market.

For an insightful read, check out our expert’s take on the Printed Circuit Board Market: Growth Forecast of Printed Circuit Board Market for 2024-2032

The Asia-Pacific printed circuit board market is expected to witness the fastest growth during the forecast period.?The automotive industry in this region, particularly with the shift towards electric vehicles (EVs), has seen significant growth. EVs require more complex PCBs for battery management, power distribution, and other electronic systems, driving up the demand for advanced PCBs.

The major players in the reviewed market are AT&S (Austria Technologie & Systemtechnik Aktiengesellschaft), OKI Printed Circuits Co Ltd, Samsung Electronics Co Ltd, Unimicron Technology Corporation, Ascent Circuit Pvt Ltd, Daeduck Electronics, Compeq Manufacturing Co Ltd, Epitome Components Ltd, Ibiden Co Ltd, Tripod Technology Corporation, Shennan Circuits Co Ltd, Nippon Mektron Ltd, Hannstar Board Corporation, Nan Ya PCB Corporation, ISU Petasys, TTM Technologies Inc, Zhen Ding Technology Holding Ltd, and Young Poong Electronics Co Ltd.

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GLOBAL AUTOMOTIVE SEMICONDUCTOR MARKET

The global automotive semiconductor market is expected to advance with a CAGR of 8.74% over the forecast period 2024-2032.

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GLOBAL MULTI-LAYER CERAMIC CAPACITOR MARKET

The?global multi-layer ceramic capacitor market?is likely to grow with a CAGR of?6.79%?in the forecast period?2024-2032.?

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Key Benefits of the Report:

• Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.
• Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.
• The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.
• The scope of the market report comprises the current scenario of the global printed circuit board market, along with a detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2023-2030.

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