Printed Circuit Board Market Size, Share, Growth Analysis, By Product Type(Standard Multilayer PCBs, Rigid 1-2 Sided PCBs, HDI/Micro-via/Build-up, Flexible PCBs), By End User(Industrial Electronics, Healthcare, Aerospace & Defense, Automotive), By Product(Rigid PCBs, Standard multilayer, HDI/Build-up/Microtia, Flexible Circuits), By Laminate Materials(FR-4, FR-4 high Tg, FR-4 halogen free, Standard & Others), By Raw Material(Glass Fabric, Epoxy Resin, Kraft Paper, Phenolic Resin), By Application(Industrial Electronics, Aerospace & Defense, IT & Telecom, Automotive), By Region - Industry Forecast 2024-2031

Asia-Pacific accounted for the largest printed circuit board market share in terms of region in 2023. This is mainly due to the growing application of PCB in electronic devices and also the presence of a large number of semiconductor manufacturers in the region. In addition, rising acceptance of smart electronic implements in the region especially among developing countries such as India, China, Japan is also accounting for growth of printed circuit board market in this region. Furthermore, growth of APAC printed circuit boards will increase the deployment in 5G network in countries like South Korea, China & Japan thereby driving the growth of this market.

During the printed circuit board market forecast period, North America is anticipated to be one of the fastest-growing regions in the printed circuit board market. The growth is due to the increasing need for electronic devices from the aerospace & defense industry. Increasing penetration of smartphones, tablets, wearables and IoT devices leads to increasing demand for printed circuit boards (PCBs) in the region. Rising regional defense spending and advancements in aerospace technology is increasing usage for printed circuit boards (PCBs) in the region. Increasing use and application of sensors in North America across industries has a ripple effect on the demand for printed circuit boards (PCBs) especially with the increasing number of electronic devices and systems.