Global Printed Circuit Boards (PCBs) Market to Reach $90.1 Billion by 2030: Report
18 July 2023: Global market for Printed Circuit Boards (PCBs) is estimated at US$60.2 Billion in 2022 and is projected to reach size of US$90.1 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030 as per the recently released “Printed Circuit Boards (PCBs): Global Strategic Business Report” by ResearchAndMarkets.com.
Multi-Layer, one of the segments analysed, is projected to record a 5.6% CAGR and reach US$59.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in double-sided segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The report provides a market overview with influencer market insights, world market trajectories, explaining what are PCBs, where are they used and why they are the backbone of electronics. It provides the global key competitors percentage market share in 2021, competitive market presence – strong/active/niche/trivial for players worldwide in 2021, recent market activity and world brands.
The market trends and drivers are highlighted such as how the digital transformation catalysed by the pandemic provides the perfect platform for growth in the post COVID-19 period, the scenario bodes well for all things electronic and digital, a special focus on PCBs for electronic wearables. It’s not CIOs or CFOs, its COVID-19 leading digital transformation globally: global digital transformation spending (in US$ trillion) for the years 2019 through 2023.
Post COVID-19 as technology steps forward to help with social distancing, renewed focus will be shed on industrial automation. As a lesson learnt in social distancing from the COVID-19 pandemic, use of industrial robots to spike in the Post COVID-19 period: industrial robot density (units per 10,000 workers) for the years 2019 and 2023. As telemedicine storms into the spotlight in the post COVID-19 period, medical wearables to offer opportunities for rigid-flex PCBs.
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