Printed Circuit Board (PCB) Market Size is Projected to Reach USD 86170 Million by 2026 | Valuates Reports
BANGALORE, India, Aug. 24, 2020 /PRNewswire/ -- The Printed Circuit Board market has expanded steadily over the last few years, majorly due to the continuous growth of consumer electronic products and the growing demand for PCBs in all electronics and electrical equipment.
The global Printed Circuit Board (PCB) market size is projected to reach USD 86170 Million by 2026, from USD 70920 Million in 2020, at a CAGR of 3.3% during 2021-2026.
This study focuses on the volume and value of the Printed Circuit Board ( PCB) at the global, national, and enterprise levels. From a global viewpoint, this study reflects the overall market size of the Printed Circuit Board ( PCB) by evaluating historical data and expectations for the future. The study focuses on North America, Europe, Japan, China, Southeast Asia, India.
TRENDS INFLUENCING THE PRINTED CIRCUIT BOARD MARKET SIZE
The use of PCBs in connected vehicles is expected to increase the growth of Printed Circuit Board Market Size. Connected vehicles are fitted with wired and wireless technology that allows them to easily attach to computing devices such as smartphones. Using such technology, drivers can unlock their vehicles, start the vehicle remotely, test the battery status of their electric cars, and monitor their vehicles using smartphones.
Furthermore, the growth of Printed Circuit Board Market Size has been driven by demand for mobile devices such as smartphones, smartwatches, and other products.
Due to the constraints and delays in the Asia-Pacific region, especially in China, impacted the development of printed circuit boards. Due to the COVID-19 outbreak, companies have not made major changes to their production capacity, but there are some supply chain problems with weak demand in China. The effect of reduced demand will be evident in the revenues of PCB manufacturers during the 2Q of 2020.
PRINTED CIRCUIT BOARD MARKET SHARE ANALYSIS
North America is expected to hold the largest Printed Circuit Board Market share during the forecast period. Major factors driving the growth of PCB market size in this region include a boom in the consumer electronics market, IoT's increasing popularity and rising applications in the automotive industry. Enhanced performance and packaging flexibility of PCBs will lead to their success in future interconnectivity solutions.
Asia-Pacific is expected to witness the highest growth rate during the forecast period. This rapid growth in the Asia-Pacific region is due to several semiconductor manufacturers' presence, an increase in the adoption of smart devices.
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PRINTED CIRCUIT BOARD MARKET SEGMENTATION
Segment by Type
Top Companies In The Printed Circuit Board (PCB) Industry
Based on our research on the printed circuit board market, it is very clear that the global market for PCBs is already in a stage of technical maturity, and no technical substitutes are available in the long term.
Large corporations dominate the market for PCB. Rivalry among the top players is strong, and together they account for 30 percent of the overall PCB market share. The major cost drivers of the printed circuit board are Panel size, construction/complexity, number of layers, holes (size & quantity), and echnical factors.
Some of the top companies in the Printed Printed Circuit Board Market are:
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? Automotive Printed Circuit Board(PCB) Market Report
Major factors that are fuelling the growth of Automotive Printed Circuit Board(PCB) Market size is raising integration of convenience, advanced safety and comfort systems in cars, growing demand for electric vehicles, rise in demand for infotainment systems.
The research report includes a detailed study of regions of North America, Europe, China, and Japan. The report has been curated after observing and studying factors that determine regional growth, such as economic, environmental, social, technological, and political status.
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The miniaturization of electronic devices is the major factor expected to increase the Printed Circuit Board Connectors Market size.
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