According to a new market report published by
Lucintel, the future of the PCB market looks promising with opportunities in
the computer/peripherals, communications, consumer electronics, industrial, automotive,
and military/aerospace industries. The global PCB market is expected to reach
an estimated $89.7 billion by 2024 with a CAGR of 4.3% from 2019 to 2024. The
major growth drivers for this market are increasing demand for PCB in the communication
industry, growth in connected devices, and advancement in automotive
electronics.
In this
market, various PCB products such as rigid, rigid-flex, IC substrate,
HDI/Microvia/Build-up, and flexible circuits are used in a wide range of electronic
components. Lucintel forecasts that standard multilayers will remain the
largest substrate type due to increasing demand in computer and communication
industries. The rigid-flex substrate is expected to witness the highest growth during
the forecast period due to growing demand for smartphone and display
applications.
Within the PCB
market, computers/peripherals will remain the largest end use industry during
the forecast period due to increasing demand for computer systems in business,
healthcare, and educational sectors. The consumer electronics segment is
expected to witness the highest growth due to the increasing demand for
connected devices.
Asia Pacific
is expected to remain the largest market and witness the highest growth over
the forecast period due to the increasing electronic content in automotive, and
growth in consumer electronic devices and telecommunication products.
Increasing usage of electric vehicles due to growing environmental concerns and
regulations is also expected to drive the demand for PCB in this region.
Emerging trends, which have a direct impact
on the dynamics of the industry, include miniaturization of printed circuit boards,
growing demand for high speed data and signal transmission, and development of green
PCBs. Zhen Ding Technology Holding, NOK Corporation, TTM Technologies, Unimicron
Technology, Compeq Manufacturing, Young Poong Electronics, Samsung
Electro-Mechanics, Tripod Technology, Ibiden Co., and Daeduck GDS are among the
major manufacturers of PCBs.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global PCB market by end use industries, by product type, by laminates material,
raw material usage, and region. Lucintel has prepared a comprehensive research
report entitled “Growth Opportunities in the Global
PCB Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This
Lucintel report serves as a catalyst for growth strategy as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global PCB market by end use industry, by product
type, laminate material, raw material usage, and region as follows:
By End Use Industry [$M shipment analysis for 2013
– 2024]:
- Computer/Peripherals
- Communications
- Consumer Electronics
- Industrial Electronics
- Automotive
- Military/Aerospace
- Others
By Product Type [$M shipment analysis for 2013
– 2024]:
- Rigid 1-2 Sided
- Standard Multilayer
- Flexible
Circuits
- Rigid-flex
- HDI/Microvia/Build-up
- IC
Substrate
- Others
By Laminate Materials
Type [$M shipment analysis for 2013 – 2024]:
- FR-4
- FR-4
High Tg
- FR-4
Halogen Free
- Standard
& Others
- Flexible
- Paper
- Composites
- Others
By Raw Material
Usage [$M shipment analysis for 2013 – 2024]:
- Glass Fabric
- Epoxy Resin
- Kraft Paper
- Phenolic Resin
- Polyimide Film
By Region [$M shipment analysis for 2013 – 2024]:
·
North America
– United
States
– Canada
– Mexico
·
Europe
– Germany
– France
– UK
·
Asia Pacific
– China
– Japan
– South
Korea
– India
– Taiwan
·
Rest of the World
This
211 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel
offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global PCB market by end use
industry (Computer/Peripheral, Communication, Consumer Electronics, Industrial
Electronics, Automotive, Military/Aerospace, Others), substrate (Standard
Multilayer, Flexible, HDI/Microvia/Build-Up, IC Substrate, Rigid 1-2 Sided,
Rigid Flex, Others), laminate material type (FR-4, flexible, Paper, CEM and
others), laminate raw material usage (Glass Fabric, Epoxy Resin, Kraft Paper,
Phenolic Resin, Polyimide Film), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken place
in the last 5 years in this market?