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, global printed circuit board (PCB) market was worth USD 64218.71 million in 2020 and is expected to witness notable growth during 2021-2026.
 

High demand for electronic devices like smartphones, radio, television, coupled with rapid digitalization, rising penetration of consumer services sectors, and preference for high efficiency communication are the factors catalyzing the growth of global printed circuit board (PCB) market.
 

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Additionally, technological advancements, the government efforts to support enhancement of semiconductor and micro controller technologies, along with rising product demand from end user verticals are further spurring the overall development of the market.
 

On the downside, the outbreak of the COVID-19 pandemic has severely affected the market growth. Due to travel bans and nationwide lockdowns, there have been delays in deliveries, interruption in supply chain, and decrease in product demand. Despite these hurdles, as people are shifting to online mode of work and education, the consumer electronics sales will soar, acting as a propellent for the marketplace.
 

Based on type, global printed circuit board (PCB) market is segmented into single sided, double sided, multilayered, and high-density interconnect (HDI). Bifurcation of the market on the basis of substrate includes rigid, flexible, and rigid-flex. By application scope, the market is classified into computer/peripherals, consumer electronics, communications, and others.
 

Moving on to geographical gamut, Asia Pacific market is anticipated to witness a tremendous growth during 2021-2026. The major companies in the region like Nan Ya PCB Corp. and Samsung Electro-Mechanics are offering diverse, efficient, and cost-effective range of PCBs, thus propelling the growth of the market.
 

Key contenders 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.