Market Insight: Global Printed Circuit Board market is expected to reach $72.6 billion by 2022

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global Printed Circuit Board market.”
This market report on Printed Circuit Board identifies and predicts future opportunities for growth in the Global Printed Circuit Board market for various segments and for the various regions of North America, Europe, Asia-Pacific, and the Rest of the World. It also identifies growth opportunities for Printed Circuit Board market in the communication, computer/peripheral, and automotive industries
According to our market report, the Global Printed Circuit Board market is expected to reach an estimated $72.6 billion by 2022 and is forecast to grow at a CAGR of 3.2% from 2017 to 2022. Some of the dominant players in the global printed circuit board (PCB) market are Nippon Mektron, Zhen Ding Technology Holding Limited, Young Poong Electronics Co., Ltd., Unimicron Technology Corp. and Samsung Electro-Mechanics
Major drivers of growth for this market are strong demand for smartphones and tablets along with growing automation in industries, such as automotive and aerospace & defence.
Lucintel forecasts that standard multilayer PCBs will remain the largest segment due to the growth in computer and communication industry and predicts that the demand for rigid-flex PCBs is likely to experience the highest growth in the forecast period supported by growing demand for smartphone and display applications.
Within the PCB market, the communication industry is expected to remain the largest market. Continuous innovations in smartphones and increasing demand from emerging economies are expected to spur growth for this segment over the forecast period. On the basis of its comprehensive research, Lucintel forecasts that Asia-Pacific is expected to remain the largest and fastest growing region due to the increasing production of electronic components and devices in this region, Lucintel reports growth in communication, computer/peripheral, and consumer electronic products propelled by economic expansion, increasing per capita income, and urbanization.
Emerging trends, which have a direct impact on the dynamics of the industry, include the miniaturisation of printed circuit boards and development of green PCBs.
To read more about this report, click below:

Feel free to download research content by clicking:

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