Global Electronic Printed Circuit Board (PCB) Market Trends and News: Playing on a CAGR of 3.27% During the Forecast Period

Global Electronic Printed Circuit Board (PCB) Market Overview

According to Global Market Monitor, the global PCB market size will be $74.36 billion in 2024 with a CAGR of 3.27% from 2024 to 2029.

Development of Smartphones and Automotive Electronics Industry

PCBS are ideal for portable consumer electronics because of their small size and lightweight. By effectively integrating high-performance PCBs, a variety of consumer electronics devices can be optimized to seamlessly perform everyday tasks. The indispensability of PCBS extends to a wide range of consumer electronics products, such as smartphones, TVs, laptops, and game consoles. With the development of smartphones and the automotive electronics industry, global PCB production has grown steadily: the global PCB industry has entered a period of steady growth, and the search for new growth points is the industry's development trend. In the downstream applications of PCBs, smartphones and cars will be the main drivers of growth in the industry.

Upgrade of Communication Technology

5G is the focus of the future development of the mobile communications industry, and communication equipment manufacturers and telecom operators have begun to lay out next-generation communication technologies without exception. 5G communication will have a faster speed than 4G, and upgrade the communication speed and capacity. The technology is mainly embodied in millimeter waves, small base stations, Massive MIMO technology, and so on. Due to the application of the above technologies, the communication equipment of the 5G era has higher requirements for communication materials, and the demand is also larger, which brings broad prospects for the future development of high-frequency PCB/CCL.

Industry News

In April 2024, TTM Technologies Inc., a global manufacturer of technology solutions such as radio frequency (RF) components and advanced printed circuit boards, set up its first manufacturing facility in Penang, Malaysia with a $200 million investment. According to the company, the new facility was built at the Penang Science Park with highly advanced and automated PCB manufacturing capabilities.

In February 2024, TTM launched a series of new RF and specialty components business units for 5G transceivers and power amplifiers.

In January 2024, Amber Group signed an agreement with Korean Circuit to strengthen its printed circuit board product portfolio. It also acquired a 60% stake in the company.

Complex Production Process

The PCB industry has many types of products, many kinds of raw materials, long production processes, and many processes. Enterprises must have strong management capabilities to ensure their normal operations. At the same time, although various PCB products have some common basic processes, it is more important to determine the difference according to the thickness and material of the substrate, the accuracy of the line width and line spacing, the design structure, and production scale, and other special requirements specified by the customer. The production process and equipment are highly customized. Due to the precision of the downstream electronic products and the characteristics of the production mode, the PCB quality is unstable or the delivery is not timely, which will affect the customer's confidence in the product to a large extent.

Drivers	Development of smartphones and automotive electronics industry
	Demand from wearable devices
	Characteristics of PCB product
	Upgrade of communication technology
	Technical barrier
Limitations	Complex production process
	Price increase in raw materials

For more industry information, please refer to our latest released "2023 Global Electronic Printed Circuit Board (PCB) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".