PUBLISHER: Roots Analysis | PRODUCT CODE: 1883288
PUBLISHER: Roots Analysis | PRODUCT CODE: 1883288
As per Roots Analysis, the global printed circuit board market size is estimated to grow from USD 70.44 billion in the current year USD 122.8 billion by 2035, at a CAGR of 5.18% during the forecast period, till 2035.

The opportunity for printed circuit board market has been distributed across the following segments:
Type of PCB
Type of Material
Type of Application
Geographical Regions
Printed Circuit Board Market: Growth and Trends
A printed circuit board (PCB) serves as the foundation of contemporary electronic devices, featuring electrical circuits made up of embedded metallic surfaces known as traces. The PCB provides mechanical support and establishes electrical connections between the device's various components through conductive pathways, tracks, or signal traces. These pathways are created by etching copper sheets that are laid over a non-conductive substrate. Typically, PCBs consist of multiple layers that include both conductive and insulating materials, allowing for a compact and organized arrangement of components. These boards come in different varieties, ranging from single-sided to multilayer models, and are extensively utilized in various sectors, including consumer electronics such as smartphones, computers, medical instruments, automotive electronics, and more.
As a result, the global printed circuit board (PCB) market is set for substantial growth driven by several key factors. A primary factor contributing to this growth is the increasing demand for PCBs in consumer electronics. As devices evolve to become more sophisticated and integrated, the necessity for high-quality PCBs becomes increasingly important. This rising demand is propelled by advancements in PCB design technology that allow manufacturers to create more efficient and intricate circuits.
Furthermore, the emergence of HDI (high-density interconnector) PCBs represents a significant change in the design and manufacturing of electronic devices. These cutting-edge boards enable greater functionality within smaller sizes, a critical requirement as consumers seek sleek and compact gadgets. Consequently, industry stakeholders are rushing to take advantage of the rising demand for various electronic circuit board applications by investing in the sector.
Printed Circuit Board Market: Key Segments
Based on type of PCB, the global printed circuit board market is segmented into flexible circuits, HDI, IC substrate, rigid PCBs, standard multilayer, and others. According to our estimates, currently, the rigid PCBs segment captures the majority of the market share. This is due to its durability, cost-effectiveness, and versatility across a variety of applications.
On the other hand, the standard multilayer segment is projected to grow at a higher CAGR during the forecast period. This growth can be linked to the benefits of multilayer PCBs in high-density applications and their efficient spatial utilization, as they are frequently employed in compact electronic devices.
Based on type of material, the global printed circuit board market is segmented into ceramic, FR4, metalcore, polyimide, and others. According to our estimates, currently, the FR4 segment captures the majority of the market share. This material offers a dependable and stable substrate capable of withstanding high temperatures and supporting high-density circuitry, thus driving the expansion of the PCB manufacturing market.
Based on type of application, the global printed circuit board market is segmented into aerospace & defense, automotive, consumer electronics, industrial electronics, medical devices, telecommunication, and others. According to our estimates, currently, the consumer electronics segment captures the majority of the market share. This is primarily due to a wide variety of consumer electronics, such as tablets, smartphones, and wearable technologies, that significantly depend on high-density PCBs for compact design and efficient functionality.
However, the automotive sector is expected to grow at a higher CAGR during the forecast period. This growth is attributed to the increasing adoption of electric vehicles and advanced driver-assistance systems.
Based on geographical regions, the printed circuit board market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently Asia captures the majority share of the market. Additionally, North America is anticipated to experience a significant compound annual growth rate (CAGR) during the forecast period, fueled by the increased adoption of industrial automation and Industry 4.0 in the area.
Printed Circuit Board Market: Research Coverage
The report on the printed circuit board market features insights on various sections, including:
Key Questions Answered in this Report
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