Report ID: SQMIG45K2083
Report ID:
SQMIG45K2083 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
99 |
Figures:
74
Multilayer Printed Circuit Board Market size was valued at USD 82.36 billion in 2022 and is poised to grow from USD 87.03 billion in 2023 to USD 135.41 billion by 2031, growing at a CAGR of 5.68% during the forecast period (2024-2031).
Multilayer Printed Circuit Boards are becoming popular since It has many benefits from a technical point of view such as small size, lightweight construction, high quality, increased durability, enhanced flexibility, more powerful single connection point.The need for compactness and lightweight in smartphones and computers will be perfectly complied with the help of multilayer printed circuit boards.
They are used in various sectors such as in electrical devices, military equipment, healthcare miniaturization and the expanding market for smart devices incorporated in home automation systems.The boards can increase functionality by incorporating multiple layers in a single printed circuit boards.They have innate electrical properties that provide high capacity and high speed in a smaller footprint.It is convenient for the manufacturers to manufacture PCB because it can be produced in both rigid and flexible construction. However, higher cost in availability of service, compactness of multiple boards generates a restrain for the growth of multilayer printed circuit boards market.
US Multilayer Printed Circuit Board Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONMultilayer Printed Circuit Board Market size was valued at USD 78.9 billion in 2021 and is poised to grow from USD 82.36 billion in 2022 to USD 128.5 billion by 2030, growing at a CAGR of 5.68% in the forecast period (2023-2030).
Competition in the Multilayer Printed Circuit Board market is expected to increase during the forecast period because new players are expected to enter in the market and the number of devices compatible with Multilayer Printed Circuit Board will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Sumitomo Electric Industries', 'Nippon Mektron Ltd.', 'Compeq Manufacturing Co. Ltd.', 'Amphenol', 'ZD Tech', 'TTM Technologies Inc.', 'TE Connectivity', 'Unimicron Technology Corporation', 'Molex', 'AT&S', 'Hon Hai Precision Industry Co., Ltd.', 'Sumitomo Denko', 'Wurth elektronik group (Wurth group)', 'Becker & Muller Schaltungsdruck GmbH', 'Advanced Circuits Inc', 'Murrietta Circuits', 'Zhen Ding Technology Holding Limited', 'Tripod Technology Corporation.'
The usage and demand for electronic gadgets such as smartphones, laptops, smart television has increased all across the globe, which is the major factor propelling the growth of printed circuit board market. Multilayer printed circuit board market airplaza. Vital role of automated machinery and cell tower in this much needed gadget era.The penetration of electronic devices is increased All across the globe due to the rise in population, which in turn has led to a proliferation in the requirement for printed circuit boards. Not only are electronic devices used for household purposes, but also they are used in aerospace and military and other government institutions to run with all the efficiency which is likely to bolster the growth of multiple layer printing circuit board market.
Introduction of AI, IoT and 5G will tremendously help the growth of multilayer PCB.In this today is digitized era,the use of 5G,AI,is the major trend and these trends go hand in hand with the ability to transmit, transfer, manage and process massive amounts of data. In a short space of time with low latency problems that can be fixed with the help of multilayer PCB.
Globally, Asia Pacific is estimated to hold the highest Multilayer Printed Circuit Board market share. Main factors during this growth period is the presence of top market players ,Rising application of printed circuit boards in various electronic devices. Existence of large numbers of producers in the Asia Pacific regions and others.
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Report ID: SQMIG45K2083