PUBLISHER: The Business Research Company | PRODUCT CODE: 1924024
PUBLISHER: The Business Research Company | PRODUCT CODE: 1924024
Printed circuit boards (PCBs) are electrical boards essential for wiring surface-mounted and socketed components contained within the mechanical structure of most electronic devices. Their primary role is to provide physical support and electrical attachment for electronic devices by printing conductive pathways, tracks, or signal traces on copper sheets affixed to a non-conductive substrate. These boards facilitate the connection of electronic and electrical components without the need for wires.
The primary types of printed circuit boards include single-sided, double-sided, multi-layered, high-density interconnect (HDI), and others. Single-sided PCBs consist of a single layer of base material where conductive copper and components are mounted on one side, with conductive wiring connected on the other side. Various substrates, such as rigid, flexible, and rigid-flex, are utilized, featuring different laminate types such as paper, FR-4, polyimide, among others. Printed circuit boards find application across diverse industries, including industrial electronics, healthcare, aerospace & defense, automotive, IT and telecom, consumer electronics, and more.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on copper foil, laminate materials, and electronic components have driven up production costs for printed circuit boards, impacting manufacturers across Asia Pacific, Europe, and North America. These tariffs disrupt material availability, extend lead times, and reduce profit margins for PCB makers, especially those producing multi-layer and HDI boards. However, they also encourage local sourcing, stimulate capacity expansion in domestic PCB fabrication, and promote innovation in material efficiency and recycling, which can strengthen regional supply chains over time.
The printed circuit board market research report is one of a series of new reports from The Business Research Company that provides printed circuit board market statistics, including printed circuit board industry global market size, regional shares, competitors with a printed circuit board market share, detailed printed circuit board market segments, market trends and opportunities, and any further data you may need to thrive in the printed circuit board industry. This printed circuit board market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The printed circuit board market size has grown strongly in recent years. It will grow from $67.42 billion in 2025 to $70.95 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth in consumer electronics manufacturing, rising adoption of wired electronic assemblies, early usage of simple single sided pcbs, increased need for industrial control electronics, expansion of telecom infrastructure equipment.
The printed circuit board market size is expected to see strong growth in the next few years. It will grow to $87.39 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to demand for high density interconnect boards, rising use of pcbs in electric mobility, growth in miniaturized medical electronics, increasing adoption of rigid flex architectures, expansion of aerospace grade pcb requirements. Major trends in the forecast period include increasing adoption of multi layer pcb designs, rising use of hdi pcbs in compact electronics, growing demand for flexible and rigid flex pcbs, expansion of pcb usage in advanced automotive electronics, increasing need for high performance thermal management pcbs.
The rising sales of electric vehicles (EVs) are expected to drive the growth of the printed circuit board (PCB) market during the forecast period. Electric vehicles are powered entirely or partially by electricity. PCBs are used to connect electrical components in EVs, including audio and display systems, and are also essential in the production of charging stations that enable EV users to recharge their vehicles. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that new electric car registrations in China reached 8.1 million in 2023, representing a 35% increase compared to 2022. Therefore, the growing adoption of electric vehicles is boosting demand for the printed circuit board market.
Companies within the printed circuit board market are utilizing artificial intelligence in their manufacturing processes. The integration of artificial intelligence (AI) in PCB manufacturing helps manufacturers enhance product quality, optimize production workflows, and significantly lower manufacturing costs. For example, in October 2023, Terran Orbital, a US-based aerospace and defense firm, launched two advanced Printed Circuit Board Assembly (PCBA) lines in Irvine, California. This new facility improves Terran Orbital's capability to produce, inspect, and test PCBAs and is equipped with cutting-edge surface mount technology (SMT) lines along with advanced inspection technologies.
In July 2023, Sunshine PCB GmbH, a Germany-based manufacturer of high-frequency and multilayer printed circuit boards, acquired Vision Industries Sdn. Bhd. (Malaysia) for an undisclosed amount. Through this acquisition, Sunshine aims to expand its manufacturing presence in Southeast Asia and enhance its microwave and high-frequency PCB product portfolio. Vision Industries Sdn. Bhd. is a Malaysia-based PCB manufacturer specializing in 2-12 layer multilayer PCBs with controlled impedance, mixed dielectrics, and high-frequency substrate materials.
Major companies operating in the printed circuit board market are 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 Corporation, 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., Elvia PCB, ICAPE Group, Wurth Elektronik Group, EverMAX s.r.o., 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., NTI PCB Lab, JHYPCB, Bonam Electronic Projects, Bosco Printed Circuits
Asia-Pacific was the largest region in the printed circuit board market in 2025. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed circuit board market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the printed circuit board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The printed circuit board market consists of sales of single-sided printed circuit boards, double-sided printed circuit boards, multi-layer printed circuit boards, and other printed circuit boards. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Printed Circuit Board Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses printed circuit board market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for printed circuit board ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The printed circuit board market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.