FACTS AT A GLANCE
Edition: 16; Released: May 2021
Executive Engagements: 2628
Companies: 654– Players covered include Jabil Inc.; Plexus Corp.; TTM Technologies, Inc.; Benchmark Electronics; Advanced Circuits; Murrietta Circuits; SigmaTron International, Inc.; AP Circuits; Compeq Manufacturing Co. Ltd.; Ibiden Co. Ltd.; Unimicron Technology Corp.; Tripod Technology Corp.; Zhen Ding Technology Holding Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (Multi-Layer, Double-Sided, Single-Sided); Substrate Type (Standard Multilayer, High-Density Interconnect (HDI), IC Substrate, Rigid 1-2 Sided, Rigid-Flex, and Other Substrate Types); End-Use (Computer & Peripherals, Communications, Consumer Electronics, Industrial Electronics, Automotive, Aerospace & Defense, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; South Korea; Taiwan; Rest of Asia-Pacific; Rest of World.
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ABSTRACT-
Global Printed Circuit Boards (PCBs) Market to Reach $72.7 Billion by 2026
A printed circuit board (PCB) refers to a board structure, which is made from a flat sheet of insulating material and serve as a foundation for most electronic products, both for providing physical support as well as wiring area for different socketed and surface-mounted components, including integrated circuits, transistors, and resistors. The most common materials used for manufacturing PCBs include composite epoxy or fiberglass. Amid the COVID-19 crisis, the global market for Printed Circuit Boards (PCBs) estimated at US$54.8 Billion in the year 2020, is projected to reach a revised size of US$72.7 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Multi-Layer Printed PCB, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$49.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Double-Sided Printed PCB segment is readjusted to a revised 3.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.3 Billion in 2021, While China is Forecast to Reach $18.6 Billion by 2026
The Printed Circuit Boards (PCBs) market in the U.S. is estimated at US$6.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.6 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. The emerging wave of electronification that will sweep through the enterprise, healthcare/medical, manufacturing, and process industries will bring with it a goldmine of opportunities for electronic components and semiconductors including PCBs. A special focus on electronic wearables which are growing in prominence in the wake of the rise of telemedicine shows a strong demand pattern for flex PCBs and Rigid-flex PCBs which are commonly used in wearables for medical and fitness applications. The flex PCB segment is anticipated to gain from increasing adoption of wearable devices among diabetic patients along with continuing advances in the field of flexible electronics, indicating notable scope of adoption for these PCBs.
Single-Sided Printed PCB Segment to Reach $10 Billion by 2026
In the global Single-Sided Printed PCB segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.9 Billion in the year 2020 will reach a projected size of US$6.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2026. More
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