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Global Printed Circuit Boards (PCBs) Industry Report: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Printed Circuit Boards (PCBs) Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Printed Circuit Boards (PCBs) market reached a value of about USD 63.94 billion in 2021. The industry is projected to grow at a CAGR of around 5% in the forecast period of 2022-2027 to reach a value of about USD 80.58 billion by 2027.

The global Printed Circuit Boards (PCBs) industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is driven by the growing use of PCBs in various electronic gadgets. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

A printed circuit board or etched wiring board is an electrical circuit that provides mechanical support and a conduit to electronic components in devices. It's constructed by glueing together several sheets of non-conductive material, such as fibreglass or plastic to keep copper circuitry in place. The Printed Circuit Boards (PCBs) industry report comprises segments by type (1–2-Sided, 4-6 Low, 8-16 Mid, 18+ High, Rigid-Flex, Flex, HDI, and Substrates), application (Consumer, Computer, Communication, Substrates, Medical, Industrial, Aviation/ Military, and Automotive) and region (North America, Europe, Asia Pacific, the Middle East and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds a significant share in the market as there is an increased demand for electronics in the automotive, aerospace, and electronic and electrical industries and rising consumer disposable incomes in China and India. The primary revenue contributors and most significant markets for PCB in APAC were China, Taiwan, South Korea, and Japan. The projected surge in demand from the automotive and electronic sectors in Asian nations is majorly driving this expansion.

The growing use of smartphones is significantly driving the market. Due to the availability of low-cost smartphones and rising worldwide Internet penetration, smartphone adoption is likely to accelerate globally, thus resulting in the market's growth. Furthermore, the use of PCBs in the automotive sector has significantly boosted the industry demand. These automobiles are entirely outfitted with wired and wireless technology, allowing them to link to computer devices such as smartphones easily. Drivers may use cell phones to unlock their automobiles, run climate control systems remotely, check the state of their electric car batteries, and track their vehicles using this technology. As a result, the market is likely to witness growth.

However, the adverse effects of the product on the environment due to the material used in its manufacturing not being sustainable is likely to act as a market restraint.

Best Procurement Practices

The global Printed Circuit Boards (PCBs) industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major international Printed Circuit Boards (PCBs) regions across the globe, such as engagement models contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Each board serves a specific purpose for a particular product and must be developed to fulfil that purpose within the available area. To layout the circuit arrangement on the board, board designers employ computer-aided design techniques and specific software. Electrical conducting channels are frequently separated by 0.04 inches (1.0 mm) or less. The placement of holes for component leads or contact points is also written out. This information is converted into instructions for a computer numerically controlled drilling machine or an automated solder paster. A negative picture, or mask, is printed at the exact size on a transparent plastic sheet once the circuit layout is placed down. The parts that are not part of the circuit design are represented in black with a negative picture, while the circuit pattern is shown as clear.

Growing Product Innovations, Further Boosting the Procurement of Printed Circuit Boards (PCBs)

The industry is being propelled by the growing need for compact, light-weight, high-performance printed circuit boards in smart wearables, medical devices, and other portable electronics has increased the market potential for small, light-weight, and high-performance printed circuits boards. Other factors, such as the increased demand for IoT devices, are also projected to impact the industry in the future positively. The use of biodegradable materials shapes the market for printed circuit boards (PCBs). Manufacturers are focusing on reducing electronic waste by substituting more environmentally friendly substrates for conventional substrates, which might help decrease the electronics sector's total environmental impact while also potentially cutting assembly and manufacturing costs. Also, the growing popularity of 3D-printed electronics, often known as 3D PEs, is set to change the way electrical systems are developed in the future.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Printed Circuit Boards (PCBs) Industry Report

  • Zhending Technology Holdings Co., Ltd.
  • TTM Technologies
  • Nippon Mektron Ltd.
  • Unimicron Technologies Corp.
  • Tripod Technology Corporation

Market Landscape

Due to a few significant competitors, the printed circuit board industry is highly competitive. These main competitors, who hold a substantial portion of the industry, concentrate on growing their consumer base in other nations. These industry giants are always pursuing acquisition and merger tactics to strengthen their market position. On the other hand, mid-size and smaller businesses are expanding their market presence by gaining new contracts and entering new markets, thanks to technical developments and product innovations.

Key Initiatives by Companies

  • Soluboard, a non-hazardous and entirely biodegradable water-soluble printed circuit board (PCB) manufactured from flax fibre, was released in 2019 by Jive Materials, a UK-based PCB developer. The PCB allows for a more efficient recycling process, enabling even less expensive electrical equipment recycling.
  • Summit Interconnect, Inc., a printed circuit board maker headquartered in the United States, purchased ITL Circuits for an unknown sum in July 2020. Summit's activities in North America will be significantly expanded due to this purchase by ITL Circuits. ITL Circuits is a printed circuit board company situated in Canada.

1.    Executive Summary
2.    Printed Circuit Boards Industry Snapshot

    2.1.    Printed Circuit Boards Market Outlook
    2.2.    Printed Circuit Boards Industry Analysis by Type
        2.2.1.    1-2 Sided
        2.2.2.    4-6 Low
        2.2.3.    8-16 Mid
        2.2.4.    18+ High
        2.2.5.    Rigid Flex
        2.2.6.    Flex
        2.2.7.    HDI
        2.2.8.    Substrates
    2.3.    Printed Circuit Boards Category Analysis by Application
        2.3.1.    Consumer
        2.3.2.    Computer
        2.3.3.    Communication
        2.3.4.    Substrates
        2.3.5.    Medical
        2.3.6.    Industrial
        2.3.7.    Aviation/ Military
        2.3.8.    Automotive
    2.4.    Regional Overview
        2.4.1.    North America
        2.4.2.    Europe
        2.4.3.    Asia Pacific 
        2.4.4.    Latin America
        2.4.5.    Middle East & Africa
3.    Impact of Recent Events 
4.    Printed Circuit Boards Value Chain Analysis 
5.    Printed Circuit Boards Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Printed Circuit Boards Cost Structure
9.    Printed Circuit Boards Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Printed Circuit Boards Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    Zhending Technology Holdings Co., Ltd.
    14.2.    TTM Technologies Inc.
    14.3.    Nippon Mektron Ltd.
    14.4.    Unimicron Technology Corp.
    14.5.    Tripod Technology Corporation

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Key Questions Answered in the Report

The global Printed Circuit Boards (PCBs) market size was valued at USD 63.94 billion in 2021.

As per the Application provided, the Communication segment is anticipated to lead the market between the period 2022 – 2027.

The significant demand for the component in the manufacturing of various electronics is one of the essential drivers of the Printed Circuit Boards (PCBs) market growth.

Zhending Technology Holdings Co., Ltd., TTM Technologies, Nippon Mektron Ltd., Unimicron Technologies Corp., and Tripod Technology Corporation are some of the key players in the market.

The Asia Pacific region of the Printed Circuit Boards (PCBs) industry holds a significant share in the market.

Analyst Review

The global Printed Circuit Boards (PCBs) market attained a value of USD 63.94 billion in 2021, driven by the growing use of the component in the manufacturing of various gadgets. The product's use in Smartphones, paired with the rising demand for low-cost smartphones And growing Internet penetration, the market is likely to expand further. Furthermore, the use of PCBs in the automotive sector has significantly boosted the industry demand. Aided by the growing technological advancements like biodegradable materials and the ever-increasing popularity of 3D-printed electronics, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5%. The market is projected to reach USD 80.58 billion by 2027. Some of the leading players in the industry are Zhending Technology Holdings Co., Ltd., TTM Technologies, Nippon Mektron Ltd., Unimicron Technologies Corp., and Tripod Technology Corporation.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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