Printed Circuit Board (PCB) Market Size is Projected to Reach USD86,170 Million by 2026
25 August 2020: Printed Circuit Board market has expanded steadily over the last few years, majorly due to the continuous growth of consumer electronic products and the growing demand for PCBs in all electronics and electrical equipment.
The global Printed Circuit Board (PCB) market size is projected to reach USD86,170 Million by 2026, from USD70,920 Million in 2020, at a CAGR of 3.3% during 2021-2026.
This study focuses on the volume and value of the Printed Circuit Board (PCB) at the global, national, and enterprise levels. From a global viewpoint, this study reflects the overall market size of the Printed Circuit Board ( PCB) by evaluating historical data and expectations for the future. The study focuses on North America, Europe, Japan, China, Southeast Asia, India.
Trends Influencing the Printed Circuit Board Market Size
The use of PCBs in connected vehicles is expected to increase the growth of Printed Circuit Board Market Size. Connected vehicles are fitted with wired and wireless technology that allows them to easily attach to computing devices such as smartphones. Using such technology, drivers can unlock their vehicles, start the vehicle remotely, test the battery status of their electric cars, and monitor their vehicles using smartphones.
Furthermore, the growth of Printed Circuit Board Market Size has been driven by demand for mobile devices such as smartphones, smartwatches, and other products.
Due to the constraints and delays in the Asia-Pacific region, especially in China, impacted the development of printed circuit boards. Due to the COVID-19 outbreak, companies have not made major changes to their production capacity, but there are some supply chain problems with weak demand in China. The effect of reduced demand will be evident in the revenues of PCB manufacturers during the 2Q of 2020.
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