According to a research report titled ‘Printed Circuit Board (PCB) Market Size, By PCB Type, By Substrate (Rigid, Flexible, Rigid-flex), By Application (Consumer Electronics, Automotive, Healthcare, IT & Telecom, Industrial) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, printed circuit board (PCB) market is touted to showcase impressive growth trends through 2027.
 

Broadening scope of product applications across several industries, and surging demand for healthcare devices brought on by the COVID-19 pandemic are acting as major impetus for worldwide printed circuit board (PCB) industry growth.
 

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For those unversed, printed circuit boards are sheets/pads on which microelectronic components like semiconductor chips or capacitators are installed. PCBs are used in nearly all electronic products, and aid in forming electrical connections between electronic components.
 

Despite the positive outlook, technical issues arising in PCB designing are likely to hamper industry development in the upcoming years.
 

Based on product type segmentation of printed circuit board (PCB) market, single sided PCB segment is estimated to witness 1.5% CAGR over the analysis timeframe, primarily due to ease of manufacturing, and increased adoption in electronic devices such as camera systems, calculators, healthcare devices, and radio equipment.
 

Considering application spectrum, healthcare segment is slated to deliver over 3% market growth through 2027, on account of the COVID-19 pandemic which caused a steep rise in demand for healthcare monitoring devices, such as CT scanners, blood glucose monitors, and heart rate & blood pressure monitors.
 

On the regional front, Latin America and Middle East & Africa captured a market share of 3% in 2020 and is projected to witness a notable CAGR through the analysis timeframe. This can be attributed to rising government initiatives focused on development of local semiconductor industries.
 

The competitive landscape of worldwide printed circuit board (PCB) market sphere is defined by leading players such as Würth Elektronik GmbH & Co. KG, Unimicron Technology (Shenzhen) Corp., TTM Technologies Inc., Sumitomo Electric Printed Circuits Inc., RayMing Technology Co. Ltd., Nitto Denko Corp., Nippon Mektron Ltd., MultiTech Electron HK Ltd., Hitech Circuits Co. Ltd., Fujikura Ltd., Epec LLC, Eltek Ltd., Bittele Electronics Inc., Becker & Müller Schaltungsdruck GmbH, AT & S Austria Technologie & Systemtechnik AG, Amitron Corp., ASC (American Standard Circuits) Inc., A-Flex, Advanced Circuits Inc., and Advanced Circuitry International Inc.