According to the research 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 MarketStudyReport, global printed circuit board industry was remunerated at USD 64,218.71 million in the year 2020 and is expected to grow at a remarkable rate through 2026.

The crucial factors contributing to the growth of the worldwide printed circuit board market are fast-paced digitalization, booming consumer service industrial sector in developing nation, and surge in demand for electronic devices such as radio, smartphones, and TVs. 

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Moreover, political drivers and business drivers, in integration with technological developments have also greatly influenced the utilization of PCBs. The increasing support from the government for advancements in semiconductors and microcontrollers around the world is also expected to impel the industry share.

On the downside, the COVID-19 outbreak has dwindled the global printed circuit board industry size with disrupted supply chain, delayed deliveries, and decreased service demand. However, looking at the positive side, organizations have become keener in helping people provide safety by offering different electronic services as people shift to online learning and remote working. 

Going through the application scope, worldwide printed circuit board (PCB) market is segmented into communications, computer/peripherals, consumer electronics, and other applications. Moving on to type spectrum, the industry can be categorized into single sided, double sided, high density interconnect, and multi-layered. Based on the substrate type, the market is segmented into flexible, rigid, and rigid-flex.

As per regional landscape, Asia Pacific is reckoned to generate massive revenue for the industry over 2021-2026. The growth is due to the leading organizations offering a varied portfolio of PCB to meet the demand of different customers in urban and rural areas with more cost-effectiveness and efficient PCBs, with no delay in delivery.

The major players in the global printed circuit board market include Samsung Electro-Mechanics, Kinsus Interconnect Technology Corp., Shinko Electric Industries Co. Ltd., CMK corporation, TTM Technologies, Nan Ya PCB Corporation, Jabil Inc., Meiko Electronics Co. Ltd., Sumitomo Electric Industries Ltd., and Zhen Ding Technology Holding Ltd.