According to the 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, global printed circuit board (PCB) market is touted to record substantial growth over 2021-2027.

 

Surging demand and usage of healthcare devices like CT scanners, heart rate and blood pressure monitors, and blood glucose monitors during COVID-19 pandemic, along with increasing scope of application for PCBs are expected to augment the growth of the printed circuit board market.

 

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Additionally, integration of electronics in automotive, widespread adoption of smart wearables and smartphone with 5G technology penetration, alongside automation across industrial sector are further boosting the demand for printed circuit boards.

 

Speaking of PCB type, the market is divided into high density interconnect (HDI), double sided, multi layered, single, sided and others. Among these, single sided PCB segment is expected to register 1.5% CAGR over the analysis period. Ease of single sided PCB production, owing to the use of computer aided software, advanced manufacturing technologies, and automation, along with usage in electronic devices like radio equipment, camera systems, and calculators fostering the product demand.
 

In terms of application, global printed circuit board industry is bifurcated into automotive, IT & telecom, consumer electronics, industrial, healthcare, and others. As per the report, healthcare segment is anticipated to record 3% growth by the year 2027.
 

Meanwhile, industrial segment is slated to generated revenues for the market over the study duration, owing to rising automation in manufacturing units,  which helps companies in cost-saving, reduces human error, and accelerates operations. PCB for industrial applications are designed to endure high-power, and are used with industrial equipment, measuring equipment, and power equipment.

 

Moving one, experts claim that LAMEA accounted for 3% share in worldwide printed circuit board industry in 2020 and is projected to record further growth during the forecast period, owing to rising efforts of the government towards the development of local semiconductor industry.

 

The competitive landscape of global printed circuit board industry is defined by companies such as Nippon Mektron Ltd., Tripod Technology Corp., Nan Ya Printed Circuit Board Corporation, HannStar Display Corporation, SIMMTECH Co. Ltd., Unimicron Technology Corp., TTM Technologies Inc., Shennan Circuit Co. Ltd., WUS Group, and MFLEX among others.