The global printed circuit board market size reached USD 73.1 Billion in 2024. Looking forward, the analyst expects the market to reach USD 97.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.30% during 2025-2033. The increasing demand for consumer electronics, advancements in automotive technology, expansion of the Internet of Things (IoT) sector, and the rise in electronic component miniaturization, coupled with stringent environmental regulations fostering innovation and sustainability, are strengthening the printed circuit board demand.
A printed circuit board (PCB) is an electrical circuit that mechanically supports and electrically connects electronic components using conductive pathways, tracks, or signal traces. It is composed of epoxy, fiberglass, and other composite materials that help minimize the complexity of the overall circuit design. It plays a pivotal role in improving the power, performance, reliability, and security of a computing system. As a result, PCB finds extensive applications in the healthcare, aerospace, electronics, defense, information technology (IT), and telecommunications industries around the world.
Moreover, PCBs are utilized in the manufacturing of calculators, aerospace components, medical devices, remote control units, circuit boards, industrial machinery, business machines and computers, and communication, control, and home entertainment equipment. Apart from this, the increasing trend of miniaturization in the semiconductor industry is catalyzing the demand for PCBs across the globe. Furthermore, product innovations, technological advancements, and the rising requirement of eco-friendly PCBs on account of the increasing electronic waste worldwide are some of the other factors stimulating the market growth.
A printed circuit board (PCB) is an electrical circuit that mechanically supports and electrically connects electronic components using conductive pathways, tracks, or signal traces. It is composed of epoxy, fiberglass, and other composite materials that help minimize the complexity of the overall circuit design. It plays a pivotal role in improving the power, performance, reliability, and security of a computing system. As a result, PCB finds extensive applications in the healthcare, aerospace, electronics, defense, information technology (IT), and telecommunications industries around the world.
Printed Circuit Board Market Trends:
PCBs are used in head-up display (HUD), advanced driver assistance systems (ADAS) control modules and antilock brake systems of automobiles. This, coupled with the rapid expansion of the automotive sector, represents one of the key factors creating a positive outlook for the market. In addition, fuel regulators, power supplies, and engine management systems use PCB-based electronics to monitor and manage resources. They also help enhance the performance of light-emitting diodes (LEDs) and prevent them from damage. Along with this, the growing integration of robotics, artificial intelligence (AI), and the internet of things (IoT) is augmenting the overall sales and profitability.Moreover, PCBs are utilized in the manufacturing of calculators, aerospace components, medical devices, remote control units, circuit boards, industrial machinery, business machines and computers, and communication, control, and home entertainment equipment. Apart from this, the increasing trend of miniaturization in the semiconductor industry is catalyzing the demand for PCBs across the globe. Furthermore, product innovations, technological advancements, and the rising requirement of eco-friendly PCBs on account of the increasing electronic waste worldwide are some of the other factors stimulating the market growth.
Key Market Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, substrate, and end use industry.Breakup by Type:
- Single-Sided
- Double-Sided
- Multi-Layer
- HDI
Breakup by Substrate:
- Rigid
- Flexible
- Rigid-Flex
Breakup by End Use Industry:
- Industrial Electronics
- Healthcare
- Aerospace and Defense
- Automotive
- IT and Telecom
- Consumer Electronics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Circuits Inc., AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Becker & Müller Circuit Printing GmbH, Jabil Inc., Murrietta Circuits, Nippon Mektron Ltd. (NOK Corporation), Sumitomo Corporation, TTM Technologies Inc., Unimicron Technology Corporation (United Microelectronics Corporation), Würth Elektronik GmbH & Co. KG (Würth Group) and Zhen Ding Technology Holding Limited.Key Questions Answered in This Report:
- What was the size of the global printed circuit board market in 2024?
- What is the expected growth rate of the global printed circuit board market during 2025-2033?
- What has been the impact of COVID-19 on the global printed circuit board market?
- What are the key factors driving the global printed circuit board market?
- What is the breakup of the global printed circuit board market based on the type?
- What is the breakup of the global printed circuit board market based on the substrate?
- What are the key regions in the global printed circuit board market?
- Who are the key players/companies in the global printed circuit board market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Printed Circuit Board Market
6 Market Breakup by Type
7 Market Breakup by Substrate
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Advanced Circuits Inc.
- AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- Becker & Müller Circuit Printing GmbH
- Jabil Inc.
- Murrietta Circuits
- Nippon Mektron Ltd. (NOK Corporation)
- Sumitomo Corporation
- TTM Technologies Inc.
- Unimicron Technology Corporation (United Microelectronics Corporation)
- Würth Elektronik GmbH & Co. KG (Würth Group)
- Zhen Ding Technology Holding Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | April 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 73.1 Billion |
| Forecasted Market Value ( USD | $ 97.7 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
