PCB Market Size & Share Analysis - Growth Trends & Forecasts (2023–2028)

 The PCB Market is projected to experience a Compound Annual Growth Rate (CAGR) of 3.90% from 2023 to 2028, growing from USD 92.75 billion to USD 112.31 billion during the forecast period. The market's robust expansion in recent years is primarily attributed to the continuous evolution of consumer electronics and the escalating demand for PCBs across various electronic and electrical equipment.

Global proliferation in the consumer electronics industry, fueled by significant technological advancements, is expected to drive the PCB market. The US consumer technology industry's forecasted generation of approximately USD 505 billion in retail sales revenue for 2022 is indicative of this growth trajectory, offering a potential boost to the PCB market.

The integration of PCBs in connected vehicles has also accelerated market growth, enabling advanced connectivity between cars and computing devices like smartphones. This technology facilitates remote vehicle access, climate control activation, battery monitoring in electric cars, and vehicle tracking via smartphones.

An emerging trend in the PCB market is the heightened demand for high-density interconnect (HDI) solutions, enabling faster and more compact device interconnectivity. HDI technology facilitates the mass production of smaller wireless products with enhanced signal transmission and superior routing capabilities.

Additionally, the development of flexible printed circuit board technology, such as flex PCBs, capable of bending into various shapes, is gaining traction. Further advancements in flexible PCB technology are expected to unlock new opportunities for vendors.

However, electronic waste, particularly PCB materials' impact, poses a significant environmental challenge. Inadequate disposal of PCB materials contributes to environmental pollution and soil degradation, highlighting a pressing concern within the industry.

The outbreak of COVID-19 profoundly affected various industries, including electronics, causing disruptions in supply chains during the initial phase. While manufacturers initially struggled to meet demand, the gradual decline in cases allowed operations to resume, capitalizing on growing digital technology acceptance and smart device adoption for future market growth.

As for market trends, the consumer electronics segment is poised to dominate and significantly contribute to market growth. The burgeoning demand for products like smartphones, wearables, and smart home devices, forecasted to rise with an increase in global population, is a major driver. Manufacturers are increasingly focusing on customized and innovative PCB designs to cater to diverse electronic device requirements.

The miniaturization trend in mobile devices has led to heightened PCB manufacturing, with a focus on delivering tailored solutions for various electronic device designs. Companies like American Progressive Circuits Inc. in the United States are actively developing PCBs for consumer products, offering rapid and high-volume PCB production to meet market demands.

The proliferation of smart televisions and the rising adoption of wearables further propel market adoption, as PCBs play a crucial role in these devices. Increasing penetration of smartwatches, truly wireless earbuds, and smart TVs is anticipated to drive substantial market growth within the consumer electronics segment.

Read Full Market Report

Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more