According to the report titled, ‘Global Printed Circuit Board (PCB) Market - Analysis by Type (Single, Double, Multi-Layered, HDI), Application, Substrate, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global printed circuit board (PCB) market was worth USD 64218.71 million in 2020 and is expected to grow significantly during 2021-2026.
 

As per the report findings, global printed circuit board (PCB) market progression is largely fueled by increasing demand for electronic devices like smartphones, radio, and television as well as rapid digitalization. Rising number of consumer services across developing economies along with growing preference towards using high efficiency communication systems are presenting new opportunities for business expansion.
 

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In addition, favorable technological advancements, governmental initiatives to support enhancement in semiconductor and micro controller technologies and surging demand from end users are further augmenting the industry outlook.
 

The COVID-19 pandemic, however, has severely hindered the market development with the lockdowns and travel restrictions resulting in frequent delays in deliveries, interrupting the supply chains and decreasing in product demand, thereby negatively affecting global printed circuit board industry outlook.
 

Regardless, the pandemic-induced economy has also resulted in people switching to online mediums for work and education, which in turn will ramp up the sales of consumer electronics, thus boosting overall industry development.
 

Based on type, the global printed circuit board (PCB) market is segmented into single sided, double side, multilayered, and high-density interconnect (HDI).
 

In terms of substrate, the market is segmented into rigid, flexible, and rigid flex. Meanwhile, the application spectrum of the market is divided into computer/peripherals, consumer electronics, communications, and others.
 

Regionally speaking, the Asia Pacific market is anticipated to register notable gains during 2021-2026. This can be credited to the fact that major companies in the region like Nan Ya PCB Corporation and Samsung Electro-Mechanics are offering diverse, efficient and cost-effective ranges of PCB, thus adding momentum to the market demand in the region.
 

Major players operating in global printed circuit board (PCB) market are Nan Ya PCB Corporation, Shinko Electric Industries Co. Ltd., ZDT Group LLC, CMK Corporation, TTM Technologies Inc., Jabil Inc., Meiko Electronics Co. Ltd., Sumitomo Electric Industries Ltd., Kinsus Interconnect Technology Corp., and Samsung Electro Mechanics Co. Ltd.