Printed Circuit Boards (PCBs) - Global Strategic Business Report

The global market for Printed Circuit Boards (PCBs) was valued at US$66.1 Billion in 2024 and is projected to reach US$90.1 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Printed Circuit Boards (PCBs) market.

Global Printed Circuit Boards (PCBs) Market - Key Trends & Drivers Summarized

What Are Printed Circuit Boards (PCBs) and Why Are They Crucial to Modern Electronics?

Printed Circuit Boards (PCBs) are the backbone of most electronic devices, providing the necessary electrical connections between various components through a network of conducting tracks, pads, and other features etched from copper sheets and laminated onto a non-conductive substrate. Essential to both consumer electronics and industrial applications, PCBs are found in everything from smartphones and computers to automotive systems and medical equipment. The design and complexity of PCBs vary widely depending on their applications; they can range from simple single-layer boards to intricate multi-layer boards that accommodate high-speed circuits, flexible circuits, and other advanced functionalities. As technology advances, the demand for smaller, faster, and more efficient devices drives the evolution of PCB technology, pushing the limits of miniaturization and performance enhancement.

How Have Advances in Technology Transformed PCB Manufacturing?

The manufacturing of PCBs has seen significant technological evolution, aimed at improving precision, efficiency, and environmental sustainability. Traditional photolithographic techniques are still prevalent, but newer methods like laser direct imaging (LDI) and inkjet printing are gaining traction due to their ability to produce finer lines and more detailed patterns. These advancements are crucial in the development of high-density interconnect (HDI) PCBs, which support more components on smaller boards, a trend driven by the ongoing miniaturization of electronic devices. Additionally, the use of environmentally friendly materials and processes is becoming increasingly important. Innovations such as lead-free solders and recyclable materials help manufacturers meet regulatory standards and reduce the environmental impact of PCB production.

What Impact Do PCBs Have on the Future of Electronics?

PCBs are pivotal in shaping the future of electronics by enabling the development of new technologies and enhancing existing devices. As the world moves towards smarter and more interconnected devices, the role of PCBs in supporting these advancements becomes even more significant. For instance, the rise of the Internet of Things (IoT) has created a massive demand for PCBs that can operate reliably in diverse environments and maintain connections between a multitude of devices. Similarly, advancements in wearable technology, smart home devices, and automotive electronics all rely on the development of small, durable, and highly efficient PCBs. Furthermore, as electronic devices increasingly become a part of everyday life, the need for robust, long-lasting, and safe electronics underscores the importance of high-quality PCBs in ensuring reliability and performance.

What Drives the Growth in the PCB Market?

The growth in the PCB market is driven by several factors, including the rapid expansion of the consumer electronics sector, increased demand for smart and wearable devices, and broader applications in automotive, healthcare, and industrial sectors. Technological advancements that allow for greater functionality and higher densities of electronic components on PCBs also contribute to this growth. The rise in demand for environmentally sustainable and energy-efficient electronics encourages innovations in PCB design and manufacturing processes. Additionally, the global shift towards automation and continuous improvements in telecommunications infrastructure necessitate the development of more complex and reliable PCBs. Consumer behavior that favors devices integrating AI and IoT technologies further fuels the demand for advanced PCBs. These factors collectively enhance the complexity and utility of PCBs in modern electronics, driving a dynamic and growing market that continuously adapts to technological and consumer trends.

Report Scope

The report analyzes the Printed Circuit Boards (PCBs) market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Multi-Layer, Double-Sided, Single-Sided); Substrate Type (Standard Multilayer, High-Density Interconnect (HDI), IC Substrate, Rigid 1-2 Sided, Rigid-Flex, and Other Substrate Types); End-Use (Computer & Peripherals, Communications, Consumer Electronics, Industrial Electronics, Automotive, Aerospace & Defense, Other End-Uses).

Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Multi-Layer segment, which is expected to reach US$59.9 Billion by 2030 with a CAGR of a 5.7%. The Double-Sided segment is also set to grow at 4.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $7.3 Billion in 2024, and China, forecasted to grow at an impressive 6.3% CAGR to reach $24.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Printed Circuit Boards (PCBs) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Printed Circuit Boards (PCBs) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Printed Circuit Boards (PCBs) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Amphenol Corporation, Amperex Technology Ltd., Apex Microelectronics Company Limited, Autosplice, Inc., Auter Elektronics Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 225 companies featured in this Printed Circuit Boards (PCBs) market report include:

• Amphenol Corporation
• Amperex Technology Ltd.
• Apex Microelectronics Company Limited
• Autosplice, Inc.
• Auter Elektronics Ltd.
• Advance Circuit Technology, Inc.
• Altron, Inc.
• Applied Magnetics Corporation
• Atrenne Integrated Solutions, Inc.
• Arbell Electronics Inc.
• Advantech Technology Australia Pty Limited
• Advanced Graphene Solutions, Inc.
• Addcom Solution Pte Ltd
• Arround Inc.
• ASM Assembly Systems GmbH & Co. KG

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry