Printed Circuit Board (PCB) Market Size By PCB Type (Single Sided, Double Sided, Multi-layered, High-Density Interconnect (HDI)), By Substrate (Rigid, Flexible, Rigid-flex), By Application (Consumer Electronics, Automotive, Healthcare, IT & Telecom, Indus

Printed Circuit Board (PCB) Market Size By PCB Type (Single Sided, Double Sided, Multi-layered, High-Density Interconnect (HDI)), By Substrate (Rigid, Flexible, Rigid-flex), By Application (Consumer Electronics, Automotive, Healthcare, IT & Telecom, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

The global printed circuit board (PCB) market is anticipated to record a significant valuation by 2030 owing to the increasing investments and rollouts of supportive government initiatives to fuel the 5G deployment across economies. For instance, the Q2 2022 report by the Dell'Oro group suggests that China has invested almost 75% in 5G MCN infrastructure to emerge as a global leader in 5G MEC deployments and 5G applications.

The exponential rise in online traffic over recent years has encouraged telecom operators from across the globe to implement necessary growth measures to transform the existing network infrastructure, driving the PCP adoption over the forecast period.

Based on product type, the High-Density Interconnect (HDI) PCB market may depict an appreciable growth rate during the projection period, with an estimated target valuation expected to surpass USD 15 billion by 2030. HDI PCBs comprise more conduction lines and wires per unit area, allowing for high-density interconnections. Driven by their consolidated design, these PCBs find major applications across modern devices such as gaming consoles and smartphones, along with a wide range of medical equipment such as micro-sized cameras in several imaging equipment.

The increasing utilization of such equipment to help doctors in patient diagnosis, combined with the rising space concerns in compact electronic and medical devices, will aid the segment expansion over the coming years.

With respect to the substrate, the report fragments the printed circuit board market into rigid, flexible, and rigid-flex segments. Exhibiting a noticeable growth rate, the flexible PCB market is anticipated to hold a decent revenue share over the prediction period. Flexible PCBs, combined with the ability to handle impedances in high-density circuit board designs, offer a range of benefits, including superior resistance to high temperatures, chemicals, radiation, and UV rays.

The growing requirement for small, unobstructed devices across industrial environments will help the industry gain significant impetus in the foreseeable future.

With respect to applications, the healthcare segment was valued at over USD 6 billion in 2021 and is projected to account for appreciable gains between 2022 and 2030. The segment growth is led by the increasing government investments towards fostering the expansion of existing healthcare infrastructure.

The development of new healthcare facilities coupled with the rising demand for advanced medical equipment capable of handling computerized functions of medical diagnostic, treatment, and research methods will drive the market growth.

Regionally, the Latin America (LAMEA) PCB market may hold a valuation worth USD 3 billion by 2030. Latin America hosts several component manufacturing firms and OEMs, depicting a positive outlook for the regional automotive sector. PCBs are utilized in several advanced equipment that find major applications across the automotive industry. These include transmission controls, GPS support, LED lights, entertainment systems, safety equipment, etc. The emerging demand for autonomous and electrical vehicles may further support the expansion of regional industry in the years to come.