Press release
Top Players and Competitive Dynamics in the Printed Circuit Board Market
Printed Circuit Board
Projected Market Size and Growth in the Printed Circuit Board Industry
The printed circuit board market is anticipated to experience significant growth, reaching a valuation of $82.87 billion by 2029. This increase corresponds to a compound annual growth rate (CAGR) of 5.3% over the forecast period. Factors contributing to this growth include a rising demand for environmentally friendly PCBs, enhanced investments in 5G networks and telecommunications infrastructure, the rapid expansion of Internet of Things (IoT) devices, and overall digital transformation efforts. Emerging trends expected to shape the market encompass innovations such as board-in-board connectors for improved efficiency and connectivity, the integration of advanced software tools for PCB design, the use of artificial intelligence to boost product quality, exploration of 3D printing for more compact designs and better material use, stronger emphasis on sustainable PCB manufacturing, and strategic partnerships aimed at broadening product ranges and geographic reach.
Download a free sample of the printed circuit board market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5316&type=smp
Key Industry Players Driving the Printed Circuit Board Sector
The PCB market landscape is dominated by a number of influential companies, including Zhen Ding Technology Holding Limited, Unimicron Technology Corporation, TTM Technologies Inc., NOK CORPORATION, Tripod Technology Corporation, AT&S Austria Technologie & Systemtechnik AG, Kinwong, Jabil Inc., Suzhou Dongshan Precision Manufacturing Co. Ltd, Shennan Circuits, Sumitomo Corporation, Nippon Mektron Ltd, Compeq Manufacturing Co Ltd, CMK, IBIDEN CO. LTD, Ihara Electronic Industries Co. Ltd., Kyoden Co. Ltd., Genus Electrotech Ltd., Ascent Circuits Pvt. Ltd., Circuit Systems India Ltd., Shogini Technoarts Pvt. Ltd, Gilson Inc, Elvia PCB, ICAPE Group, Würth Elektronik Group, EverMAX sro, A3 v.o.s, AJ Technology Ltd, AWOS s.r.o, Cemebo s.r.o, EMS-ELECTRA SRL, PCB ELECTRA, DGTronik, Flex Ltd, Rush PCB Inc, Custom Circuit Boards, Journey Circuits Inc, Mentor Graphics Corp, Rockwell Collins Inc, Telephonics Corporation, NTI PCB Lab, JHYPCB, Bonam Electronic Projects, and Bosco Printed Circuits.
A notable development in the industry occurred in November 2022, when Canada-based Firan Technology Group Corporation acquired IMI Inc., a US manufacturer specializing in specialty RF circuit boards. This strategic acquisition allows Firan Technology Group to enhance its portfolio of RF circuit boards tailored for aerospace and defense markets. IMI Inc., established in 1980 and headquartered in Laguna, Philippines, brings extensive expertise in this niche.
View the full printed circuit board market report:
https://www.thebusinessresearchcompany.com/report/printed-circuit-board-global-market-report
Environmental Trends Influencing the Printed Circuit Board Market
Sustainability is increasingly shaping the PCB industry, as manufacturers focus on reducing electronic waste by adopting biodegradable materials. By replacing conventional substrates with eco-friendly alternatives, companies aim to lessen the environmental footprint of electronic products while potentially cutting down manufacturing and assembly expenses. A significant milestone in this regard was achieved in August 2022 by the Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab) in the United States. The institute developed a fully recyclable and biodegradable printed circuit designed to minimize health and environmental risks associated with heavy metal contamination from landfill waste.
Materially, these innovative PCBs are made from biodegradable polyester binders combined with conductive fillers like silver flakes or carbon black, along with enzyme mixtures. Conductive ink imparts electrical conductivity through silver or carbon particles, while biodegradable polyester infused with enzymes such as Burkholderia cepacian lipase (BC-lipase) promotes the breakdown of polymer chains into monomers, facilitating degradation.
Detailed Segmentation in the Global Printed Circuit Board Market
The report categorizes the printed circuit board market into several primary segments as follows:
1) By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), and Other Types
2) By Substrate: Rigid, Flexible, and Rigid-Flex
3) By Laminate Type: FR-4, Polyimide, and Other Laminate Types
4) By End-Use Industry: Industrial Electronics, Healare, Aerospace and Defense, Automotive, IT and Telecom, Consumer Electronics, and Other End Users
Further classification includes:
- Single Sided PCBs segmented into Standard, Flexible, and Rigid variants
- Double Sided PCBs divided into Standard, Flexible, and Rigid forms
- Multi-Layer PCBs encompassing Standard (3-10 layers), High Layer Count (more than 10 layers), Flexible, and Rigid types
- HDI PCBs including Microvia, Buried and Blind Via, Flexible, and Rigid subtypes
- Other PCB types such as Flexible, Rigid-Flex, Aluminum, and Ceramic PCBs
This comprehensive segmentation provides a clear understanding of the diverse product offerings and end-user applications that contribute to the vibrancy and growth of the printed circuit board market.
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