Multilayer Printed Circuit Board Market Report 2024 (Global Edition)

Global Multilayer Printed Circuit Board Market Report 2024 Market Size Split by Layer (Layer 4-6, Layer 6+), by Substrate (Rigid, Flexible, Rigid-Flex), by End-User (Industrial Electronics, Healthcare...

Multilayer Printed Circuit Board Market Report Description

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Multilayer Printed Circuit Board Market Insights Video

Competitive Landscape of the Multilayer Printed Circuit Board Market

The Multilayer Printed Circuit Board (PCB) market is highly competitive, characterized by the presence of numerous global and regional players. Key companies in the market are continuously striving to enhance their product offerings, expand their customer base, and increase their market share through strategic initiatives such as mergers, acquisitions, partnerships, and technological advancements.

November 2023: Jabil Inc. opened its third production facility in Chihuahua, Mexico, marking a milestone in its continued growth and commitment to the region. The plant spans more than 250,000 square feet. This expansion will be critical in supporting customers across the energy, automotive and transportation, healthcare, digital print, and retail industries. This new facility will enhance operational efficiency, flexibility, and the ability to deliver high-quality products. (Source: https://www.jabil.com/news/jabil-opens-third-manufacturing-facility-chihuahua-mexico.html) January 2024 : Amber Group signed an agreement with Korean Circuit to strengthen its printed circuit board (PCB) portfolio. The company also acquired a 60% stake in the South Korean firm. According to Amber, this association will encompass the entire portfolio of PCBs required for numerous applications and strengthen the company's presence in the market studied. (Source: https://www.moneycontrol.com/news/business/amber-group-inks-pact-with-korean-circuit-to-boost-pcb-portfolio-12110011.html)

Top Companies Market Share in Multilayer Printed Circuit Board Industry: (In no particular order of Rank)

• Nippon Mektron
• ZD Tech
• TTM Technologies
• Unimicron
• Sumitomo Denko
• Compeq
• Tripod
• Samsung E-M
• Young Poong Group
• HannStar
• Ibiden
• Nanya PCB
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Multilayer Printed Circuit Board Market

Which Region Dominates the Multilayer Printed Circuit Board Market in 2024?

According to Cognitive Market Research, North America dominates the Multilayer Printed Circuit Board (PCB) Market due to its advanced electronics industry, robust demand for consumer electronics, and strong presence of key technology companies. The region's focus on innovation, coupled with substantial investments in research and development, drives the adoption of sophisticated PCB technologies. Additionally, the automotive and aerospace sectors in North America require high-performance PCBs for advanced applications, further boosting market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Multilayer Printed Circuit Board (PCB) Market due to rapid industrialization, technological advancements, and increasing demand for consumer electronics. The region benefits from a large and growing manufacturing base, with countries like China, Japan, and South Korea leading in electronics production. Cost-effective production capabilities, coupled with significant investments in technology and infrastructure, drive the expansion of the PCB market.

The current report Scope analyzes Multilayer Printed Circuit Board Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Multilayer Printed Circuit Board Market

According to Cognitive Market Research, the global Multilayer Printed Circuit Board market size was estimated at USD 81254.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 32501.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Multilayer Printed Circuit Board market with a market size of USD 25643.95 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The nation's advancements in technology and increased demand across various industries.
• The Canada Multilayer Printed Circuit Board market had a market share of USD 3900.22 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's advancements in technology and increased demand across various industries.
• The Mexico Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 2957.67 million in 2024.

Europe Multilayer Printed Circuit Board Market

According to Cognitive Market Research, the global Multilayer Printed Circuit Board market size was estimated at USD 81254.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 24376.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Multilayer Printed Circuit Board market had a market share of USD 4095.23 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Multilayer Printed Circuit Board sales witness an upswing due to the nation's focus on technological innovation and its strong industrial base.
• The France Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2242.63 million in 2024.
• According to Cognitive Market Research, the German Multilayer Printed Circuit Board market size was valued at USD 4826.52 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Multilayer Printed Circuit Board surged due to the focus on technological innovation and its strong industrial base.
• The Italy Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 2096.37 million in 2024.
• The Russia Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 3778.34 million in 2024.
• The Spain Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 1998.86 million in 2024
• The Luxembourg Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 755.67 million in 2024.
• The Portugal Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 511.90 million in 2024.
• The Greece Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 292.52 million in 2024.
• Rest of Europe's Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 3778.34 million in 2024.

Asia Pacific Multilayer Printed Circuit Board Market

According to Cognitive Market Research, the global Multilayer Printed Circuit Board market size was estimated at USD 81254.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 18688.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Multilayer Printed Circuit Board market size was valued at USD 8409.85 million in 2024 and is projected to grow at a CAGR of 8.0%during the forecast period. Multilayer Printed Circuit Board surged in China due to the rapid expansion of consumer electronics, automotive.
• The Japan Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 2579.02 million in 2024.
• The India Multilayer Printed Circuit Board market had a market share of USD 2242.63 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's rapid expansion of consumer electronics, automotive.
• The South Korean Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 1868.86 million in 2024.
• The Australian Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 971.81 million in 2024.
• The South East Asia Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 1289.51 million in 2024.
• The Rest of Asia Pacific Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 1326.89 million in 2024.

South America Multilayer Printed Circuit Board Market

According to Cognitive Market Research, the global Multilayer Printed Circuit Board market size was estimated at USD 81254.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 4062.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Multilayer Printed Circuit Board market size was valued at USD 1738.85 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Multilayer Printed Circuit Boards flourished in Brazil due to the increasing investments in electronics manufacturing and a burgeoning technology sector.
• Argentina's Multilayer Printed Circuit Board market had a market share of USD 682.54 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's increasing investments in electronics manufacturing and a burgeoning technology sector.
• Colombia Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 361.58 million in 2024.
• Peru Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 333.14 million in 2024.
• Chile Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 292.52 million in 2024.
• The Rest of Latin America's Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 654.10 million in 2024.

Middle East and Africa Multilayer Printed Circuit Board Market

According to Cognitive Market Research, the global Multilayer Printed Circuit Board market size was estimated at USD 81254.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1625.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 695.54 million in 2024. Multilayer Printed Circuit Board sales flourish due to the expanding infrastructure projects and increasing adoption of advanced electronics in sectors.
• The Egypt Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 170.63 million in 2024.
• The South Africa Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 256.76 million in 2024. Multilayer Printed Circuit Board sales flourish in South Africa due to expanding infrastructure projects and increasing adoption of advanced electronics in sectors.
• The Turkey Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 139.76 million in 2024.
• The Nigeria Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 170.63 million in 2024.
• The Rest of MEA Multilayer Printed Circuit Board market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 191.76 million in 2024.

Multilayer Printed Circuit Board Market Analysis

Multilayer Printed Circuit Board Market Layer Segment Analysis

According to Cognitive Market Research, The Layer 4-6 category of Multilayer Printed Circuit Boards (PCBs) remains the dominant segment in the market, largely due to its broad application across various industries. These PCBs are integral to the manufacturing of consumer electronics, automotive components, and industrial machinery. Their ability to support complex circuit designs while maintaining a compact form factor makes them highly desirable for advanced electronics. Additionally, their reliability and cost-effectiveness in moderate to high-density applications contribute to their market dominance.

The Layer 6+ Multilayer Printed Circuit Boards are emerging as the fastest-growing category, propelled by the increasing complexity of electronic devices and the need for higher performance. This growth is fueled by advancements in high-speed computing, telecommunications, and automotive electronics, where Layer 6+ PCBs offer superior signal integrity and reduced electromagnetic interference. As industries demand more functionality and higher data transfer rates, Layer 6+ PCBs are becoming essential for next-generation applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Multilayer Printed Circuit Board Industry. Request a Free Sample PDF!

Multilayer Printed Circuit Board Market Substrate Segment Analysis

According to Cognitive Market Research, Rigid substrates dominate the Multilayer Printed Circuit Board (PCB) market due to their widespread use and versatility in various applications. These PCBs are preferred for their durability and reliability in maintaining structural integrity, which is crucial for consumer electronics, automotive systems, and industrial equipment. Their established manufacturing processes and cost-effective production contribute to their market dominance.

Flexible substrates are experiencing the fastest growth in the Multilayer Printed Circuit Board market, driven by the increasing demand for lightweight and adaptable electronic solutions. The rise of wearable technology, flexible displays, and portable devices fuels this growth, as flexible PCBs offer superior conformability and space-saving advantages. Their ability to bend, fold, and stretch without compromising functionality makes them ideal for innovative designs and emerging applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Multilayer Printed Circuit Board End-User Segment Analysis

Multilayer Printed Circuit Board Market End-User Segment Analysis

According to Cognitive Market Research, the Consumer Electronics sector is the dominant end-use industry for Multilayer Printed Circuit Boards (PCBs), primarily due to the ubiquitous nature of electronic devices in everyday life. As demand for smartphones, tablets, and wearable devices continues to surge, the need for high-performance, compact PCBs grows correspondingly. Consumer electronics drive significant volumes of PCB production because these devices require intricate, high-density circuits that can handle advanced functionalities while maintaining reliability and cost-effectiveness.

The Healthcare industry is emerging as the fastest-growing end-use sector for Multilayer Printed Circuit Boards. This growth is fueled by the increasing integration of advanced electronics in medical devices, diagnostic equipment, and patient monitoring systems. As healthcare technology evolves towards more sophisticated and compact devices, the demand for high-quality PCBs that ensure accuracy and reliability in medical applications is rising.

• Industrial Electronics
• Healthcare
• Aerospace & Defense
• Automotive
• IT & Telecom
• Consumer Electronics
• Others

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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