Phone:  +86-13715307049
  • Product Name
  • Product Keyword
  • Product Model
  • Product Summary
  • Product Description
  • Multi Field Search
You are here: Home / News / News Articles About PCB / Between 2017-2024, Global PCB Market Expected to Grow at a CAGR of 4.2%.

Between 2017-2024, Global PCB Market Expected to Grow at a CAGR of 4.2%.

Views:18     Author:Site Editor     Publish Time: 2019-07-12      Origin:Site

PCB board is the traditional name and it is the bare board of which you supply us with the layout date and which you used to mount your components on them.

 A recent study  has forecast the global Printed Circuit Board (PCB) market to be worth $80.38 billion by 2024, growing from $60.42 billion in 2017 (CAGR of 4.2%).

According to the report, PCB factors driving the growth of the market are: rising adoption of automation in various end-user industries, growing demand for wireless devices, increasing miniaturization of devices, surging need for more efficient interconnect solutions, and rapid growth in flexible circuits. Owing to the implementation of processors and sensors in smart gadgets, the size of the PCB has reduced to 74%. Additionally, usage of flame retardant chemicals in PCB to ensure fire safety, and increasing capital investment is further augmenting the market growth.

Moreover, huge growth in global PCB market is also led by the increasing demand for smart tablets and smart phones in IT and consumer electronics sector. Growth in wearable electronics is emerging as a key opportunity in the growth of the global PCB market.

Printed Circuit Board is a circuit board in which a thin layer of copper is laminated, that offers an interconnection to the electronic components. To place electronic components on the insulated board, holes are created with the help of drillers. Further, components are mounted on the PCB and soldering is done to fix the electronic components in a specified area. It provides a support to the electronic components and the electrical connection carrier. PCB are used to electrically connect the components and provide a base.

Geographically, the global printed circuit board PCB market is segmented in Asia-Pacific, North America, Europe, and Rest of the World. Asia-Pacific is dominating the global PCB market in 2017 (77%), followed by North America. The growth in APAC region is attributed to the presence of many semi-conductor manufacturers, growing adoption of smart devices. North America is expected to hold the second largest market during the forecast period.

HUIZHOU LINGHANGDA TECHNOLOGY CO.LTD is one of the world-leading high-precision double-layer and multi-layer  printed circuit board manufacturer. High-Tech PCB fabrication factory in Asia.

Product Inquire
LHD Technology Co., Ltd. 

Fast Navigation

Contact Us

    Phone: +86-13715307049
  Fax:  0755-86966026
All rights reserved © 2019 LHD Technology Co., Ltd.     Designed by hefoweb