Global Printed Circuit Board (PCB) Market: From 72.8 Billion to 102 Billion by 2031, CAGR 4.3%

The global Printed Circuit Board (PCB) Market size reached 72800 USD Million in 2023. Looking forward, MarketsGlob expects the market to reach 102000 USD Million by 2031, exhibiting a growth rate (CAGR) of 4.3% during 2024-2031.

A Printed Circuit Board (PCB) is a flat board with conductive pathways that connect electronic components. It provides a platform for mounting and interconnecting these components in electronic devices.
The worldwide PCB market has been growing consistently, which is indicative of increasing demand for electrical gadgets in a variety of industries. In 2023, the market size soared to an impressive 72,800 USD Million. Looking ahead, experts predict even greater growth, with projections indicating a market value of 102,000 USD Million by 2031. This growth trajectory, boasting a robust Compound Annual Growth Rate (CAGR) of 4.3% from 2024 to 2031, underscores the vital role PCBs play in shaping our technological landscape.

Many major companies contribute to the thriving PCB market, with notable players including:

Becker & Muller Schaltungsdruck GmbH, Advanced Circuits Inc., Sumitomo Corporation, Murrietta Circuits, and others. These industry leaders, alongside emerging innovators, drive innovation and excellence in PCB manufacturing and distribution.
The PCB market is classified into various segments, reflecting the diverse needs and applications of electronic devices. These segments encompass different product types, including Rigid 1-2 Sided boards, Standard Multilayer configurations, HDI/Microvia/Build-Up designs, IC Substrates, Flexible Circuits, Rigid Flex boards, and more. Each product type caters to specific requirements, offering solutions tailored to the demands of various industries and applications.
In terms of application, PCBs find utility across a broad spectrum of sectors, including Computer & Peripherals, Communication Electronics, Consumer Electronics, Industrial Electronics, and Automotive Electronics. From smartphones to automotive control systems, PCBs serve as the backbone of electronic devices, facilitating seamless communication and operation.
The sales channels through which PCBs reach consumers are equally diverse, encompassing both Direct and Distribution channels. This multi-faceted approach ensures accessibility and efficiency in delivering PCB solutions to manufacturers and end-users alike.

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