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Printed Circuit Board (PCB) Market Size to Grow by USD 12.86 Bn | Rising Adoption Of Smartphones to Boost Market Growth | 17,000+ Technavio Research ReportsNEW YORK, Dec. 1, 2021 /PRNewswire/ -- The "Printed Circuit Board (PCB) Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the PCB market between 2020 and 2025 is USD 12.86 billion. The market momentum is anticipated to witness an accelerating CAGR of 3.60% during the forecast period, as per the latest PCB market report analysis by Technavio. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst. Key Market Dynamics:
The rising adoption of smartphones is one of the crucial factors driving the PCB market growth. The global adoption of smartphones is expected to rise rapidly owing to the availability of low-cost smartphones and increased global Internet penetration. Emerging economies including India and China are emerging as the key markets for smartphones due to the increased disposable income of the considerably high population in these economies. Thus, increasing smartphone shipments will further fuel the demand for PCB integration. In addition, other factors such as the growing demand for IoT devices is further expected to influence the market positively in the forthcoming years. However, factors such as environmental concerns regarding PCBs will challenge market growth. PCBs are made up of hazardous components, which are not easily disposable and hence, may harm the environment. Even the disposal of PCBs is a daunting task as all the components need to be dismantled before the disposal. In addition, other factors such as an ongoing slowdown in the global automobile market and changing market dynamics due to US-China trade war will also hamper the market growth adversely during the next few years. To learn about additional key drivers, trends, and challenges, Read our FREE Sample Report! Key Market Segments: The PCB market report is segmented by Product (4-6 low, substrates, 1-2 sided, flexible, and others), End-user (communication network infrastructure, consumer electronics, automotive electronics, military and aerospace, and others), and Geography (APAC, North America, Europe, MEA, and South America). The 4-6 low PCBs held the largest share in 2020 and will continue to retain their dominance in the market during the forecast period. Various features such as electric engine efficiency, battery management systems, and power conversion require a set of algorithms to run efficiently, which can be achieved by a 4-6 low printed circuit board. In terms of end-users, the communication network infrastructure segment will hold the largest PCB market share during the forecast period owing to positive market trends in mobile broadband and big data management. APAC will be the leading region with 93% of the market's growth during the forecast period. China, Taiwan, South Korea, and Japan were the major revenue contributors and the largest markets for PCB in APAC. Growing demand for electronics in the automotive, aerospace, and electronic and electrical industry coupled with the rising disposable incomes of the consumers in China and India will be responsible for the region's growth. View our sample report for additional insights into the contribution of all the segments and regional opportunities Some Companies Mentioned
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