The Global PCB Market is estimated to hit $70 billion by 2024

According to the new market research report by IndustryARC titled “Global Printed Circuit Boards (PCB) Market: By Type (Rigid 1-2 sided, Standard Multilayer, HDI, IC Substrate, Flexible Circuits, and Rigid Flex); By Components (Resistors, Capacitors, Diodes, IC’s, and Others); By Patterning Technique (Silk Screen Printing, PCB Milling, Photoengraving, and Others); By Application (Aerospace & Defense, Automotive, Consumer Electronics, Industrial Electronics, and Others) & By Region-Forecast (2018-2024)”, the marketis driven by the rising demand for advanced smart devices across various consumer electronics devices.

Printed circuit board (PCB) refers to a board that has lines and pads that connect various points together by utilizing conductive tracks, pads and others such as etched copper sheets which are laminated onto a non-conductive substrate. PCB manufacturers invest a great deal of money into their R&D departments to bring out better design and PCB manufacturing process according to the specific requirements.


Asia Pacific to have a major share in the Printed Circuit Board Market

APAC is the dominating market for global PCB market and is estimated to grow at a rate of 36.87% to reach 6.4 billion by 2024 owing to the increasing penetration of smartphones and tablets across the region. In Asia-Pacific, South Korea has become an international hub for electronics industry. The companies here are slowly overtaking the electronics market from Japan. The is followed by China which has served as the greatest emerging nation for printed circuit board manufacturing due to low waged labor and cheap production facilities. Taiwan is known for some of the largest PCB manufacturers across the world which have majority market share in PCB manufacturing. The PCB market will continue flourishing in East Asia due to the government support to become the world leader in global electronics industry.

On the other side, North America is growing with a highest CAGR of 44.98% followed by Europe, during the forecast period.


Sample Analysis done in the full Report:

Standard multilayer PCB holds the largest share and continue its dominance in the global PCB market and projected to reach about $1.27 billion by the end of 2024. These boards are gaining huge demand owing to the need for smaller and lighter boards for use in electrical devices, military equipment, healthcare miniaturization, and other industry verticals.

The market is all set to exhibit robust development with a broad range of applications in various industry verticals which include aerospace & defense, automotive, consumer electronics, industrial electronics, and many others. Industrial electronics is projected to continue its dominance in the global PCB market owing to large number of customers with an extremely wide range of technological requirements and projected to reach about $28.31 billion by the end of 2024, while healthcare & pharmaceutical sector is estimated to witness significant growth rate of CAGR 3.8% during 2018-2024.


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Excerpts on Market Growth Factors

  • Massive growth in electronics industry owing to the economic liberalization, simplifying licensing and foreign investment policies will surely propel growth of the market.


  • Rising demand for advanced smart devices across various consumer electronics coupled with growing automation in the industries will result for the growth of the market during the forecast period.


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Key players of the Printed Circuit Boards Market

Global PCB market key players have making different strategic initiatives include partnerships, acquisitions, products launches and collaborations majorly to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.

Nippon Mektron Ltd (Japan), Unimicron Technology Corp (Taiwan), Hannstar Board Corp (Taiwan), Zhen Ding Technology Holding Ltd (Taiwan), Ibiden Co Ltd (Japan), Tripod Technology Corp (Taiwan) are the major key players of the PCB Market.


Printed Circuit Boards Market report is segmented as below

GAN applications are seen in optoelectronic products like LEDs, lasers. The LED industry is the main user of Printed Circuit Boards. Larger diameters for the products are chosen for increasing the output and efficiency of the production plants.


  1. Printed Circuit Board Market by Board Type
  • Rigid 1-2 Sided
  • Standard Multilayer
  • HDI/Microvia/Build-up
  • IC Substrate
  • Flexible Circuits
  • Rigid Flex
  • Others


  1. Printed Circuit Board Market by Patterning
  • Silk screen printing
  • Photoengraving
  • PCB Milling
  • Others


  1. Printed Circuit Board Market by Components
  • Capacitors
  • Diodes
  • Integrated Circuits
  • Resistors
  • Others


  1. Printed Circuit Board Market – By Materials Used
  • Copper
  • Iron
  • Tin
  • Nickel
  • Lead
  • Aluminium
  • Zic
  • Silver
  • Gold
  • Palladium
  • Bismuth
  • Chromium


  1. Printed Circuit Board Market – By End – Use Applications
    1. Healthcare
      1. Monitoring
      2. Surgical
      3. Manufacturing
      4. Others
      5. Automotive
        1. Safety Devices & Systems
        2. Navigation
        3. Entertainment Systems
        4. Internal Systems
          1. Engine Control
          2. Chassis
          3. Instrument Plan
          4. Others
          5. Industrial Electronics
            1. Machine Tools
            2. Robotics
            3. Wireless Communication Devices
            4. Power Backup & Monitoring Devices
            5. Sensors & Monitoring Systems
            6. Digital Cameras
            7. Data Storage & Handling
              1. Laptops
              2. Desktops
              3. Printers
              4. Scanners
              5. Others
              6. Aerospace & Defense
                1. Avionics
                2. Weapon Systems
                3. Communication Systems
                4. Others
                5. Consumer Electronics
                  1. Data Storage & Handling
                    1. Laptops
                    2. Printers
                    3. Scanners
                  2. Mobile Products
                  3. Audio & Video
                    1. Television
                    2. Set-top Boxes
                    3. Digital Cameras
                    4. Others
                  4. Home Appliances
                  5. Others
                6. Maritime Transport
                  1. Commercial Ships
                    1. Cargo
                      1. Bulk Carriers
                      2. Container Ships
                      3. Tankers
                      4. Refrigerated Ships
                      5. Passenger
                        1. Ferries
                        2. Cruise Ships
                        3. Ocean Liners
                7. Naval Vessels
                8. Fishing Ships
                9. Weather Ships
                10. Others
  2. Printed Circuit Boards by Geography (covers 14+ countries)
  3. Printed Circuit Boards Market Entropy


Companies Citied / Interviewed:

  • Nippon Mektron (NOK)
  • TTM Technologies
  • Young Poong Corporation
  • Sumitomo Electric Industries
  • Samsung Electronics
  • Ibiden
  • Tripod technology Corporation
  • Zhen Ding Tech
  • Unimicron Corporation
  • Compeq Co., Ltd
  • Company 11
  • Company 12
  • Company 13
  • Company 14
  • Company 15


Related Report:

 Printed Circuit Board Assembly Market

 PCB Design Software Product Market



What can you expect from the report?

The Printed Circuit Boards Market Report is Prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories
  2. Market trends
  3. Manufacturer Landscape
  4. Distributor Landscape
  5. Pricing Analysis
  6. Top 10 End user Analysis
  7. Product Benchmarking
  8. Product Developments
  9. Merges & Acquisition Analysis
  10. Patent Analysis
  11. Demand Analysis ( By Revenue & Volume )
  12. Country level Analysis (15+)
  13. Competitor Analysis
  14. Market Shares Analysis
  15. Value Chain Analysis
  16. Supply Chain Analysis
  17. Strategic Analysis
  18. Current & Future Market Landscape Analysis
  19. Opportunity Analysis
  20. Revenue and Volume Analysis


Frequently Asked Questions:

Q. Does IndustryARC publish country or application based reports in GAN & Substrates segment?

Response: Yes, we do have separate reports as mentioned below:

1. Americas Printed Circuit Boards Market (2018-2023)

2. Asia-Pacific Printed Circuit Boards Market (2018-2023)

3. Europe Printed Circuit Boards Market (2018-2023)

4. Healthcare Printed Circuit Boards Market (2018-2023)

5. Automobiles Printed Circuit Boards Market (2018-2023)


Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response:Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.


Any other custom requirements can be discussed with our team, drop an e-mail to to discuss more about our consulting services.


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