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

Global Printed Circuit Board Market size was valued at USD 78 billion in 2019 and is poised to grow from USD 82.41 billion in 2023 to USD 135.27 billion by 2031, growing at a CAGR of 5.66% in the forecast period (2024-2031).

The printed circuit board (PCB) is essential to the global electronics industry as it forms the building blocks of electronic devices and systems, thereby constituting a key part of nearly every one of its assemblies. One of the basic building blocks of most types of modern electronic devices is printed circuit boards, or PCBs. In addition, the increase in demand for electronic devices such as smart phones laptops, among other wireless devices is one of the prime sustaining factors driving global printed circuit board market growth.  

Increase in the global population coupled with increased penetration of electronics specifically for developing economies have driven the printed circuit boards demand. The usage of PCB has also increased in various sectors like consumer electronics, automobile, IT & telecommunication and other industries. In addition, the rising demand for PCB from these industries is mainly owing to technologies such as industrial automation, advanced medical devices, and various kinds of modern electronic gadgets that consumers use today. Other prominent factors responsible for boosting the printed circuit market growth are growing demand of printed circuit boards in automobiles that enable drivers to connect their mobile devices with the automobile to monitor battery status, initiate climate control systems, unlock doors and much more. 

US Printed Circuit Board Market is poised to grow at a sustainable CAGR for the next forecast year.