Printed Circuit Boards PCB Market Report 2024 (Global Edition)

Global Printed Circuit Boards PCB Market Report 2024 Market Size Split by Type (Single Sided, Double Sided, Multi-Layer, HD, Other), by Substrate (Rigid, Flexible, Rigid-Flex), by End-user Industry (I...

Printed Circuit Boards PCB Market Report Description

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Printed Circuit Boards PCB Market Insights Video

Competitive Landscape of the Printed Circuit Boards (PCB) Market

Corporation dominates the global PCB market, leveraging its extensive product portfolios, manufacturing capabilities, and geographic presence. Additionally, the market is witnessing increasing competition from regional players and emerging startups, particularly in Asia-Pacific regions such as China and Taiwan, driven by lower production costs and expanding electronics manufacturing activities.

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

• APCT
• China Circuit Technology Shantou Corp
• Compaq Manufacturing Co Ltd
• DAEDUCK ELECTRONICS Co Ltd
• Dynamic Electronics Co Ltd
• Ibiden Co Ltd
• Jabil Inc
• KOREA CIRCUIT CO LTD
• Murrietta Circuits
• NOK CORP
• RHYMING TECHNOLOGY
• Shenzhen Kinwong Electronic Co Ltd
• Shenzhen SenYan Circuit Co Ltd
• Shenzhen Zhongxinhua Electronics Co Ltd.
• Sumitomo Electric Industries Ltd.
• TTM Technologies Inc
• Victory Giant Technology
• Vishal International
• Wonderful PCB
• Zhen Ding Technology Holding Ltd
• Confidential Data
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• Data Hidden

*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 Printed Circuit Boards (PCB) Market

Which Region Dominates the Printed Circuit Boards (PCB) Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue owing to its large manufacturing base, presence of key industry players, and innovation hubs like Silicon Valley. Additionally, increasing demand for electronic devices across various sectors, such as automotive, aerospace, defense, healthcare, and telecommunications, fuels the growth of the PCB market in the region. Moreover, initiatives promoting renewable energy sources, electric vehicles, and IoT applications contribute to the expanding use of PCBs in emerging technologies. However, challenges such as supply chain disruptions, trade tensions, and regulatory complexities pose potential constraints on market growth. Overall, North America remains a pivotal region for the global PCB market, characterized by technological advancements and diverse application areas.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific's PCB market benefits from several key factors, including the presence of major electronics manufacturing hubs such as China, Japan, South Korea, and Taiwan. These countries are home to leading semiconductor companies, original equipment manufacturers (OEMs), and electronic component suppliers, driving the demand for PCBs across various industries. The favorable government initiatives, investment in research and development, and infrastructure development further propel the growth of the PCB market in the region. Additionally, the Asia Pacific region benefits from a skilled workforce, efficient supply chains, and cost-effective manufacturing processes, making it a preferred destination for PCB production.

The current report Scope analyzes Printed Circuit Boards PCB 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 Printed Circuit Boards PCB Market

According to Cognitive Market Research, the global Printed Circuit Boards (PCB) Market size was estimated at USD 76281.2Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 30512.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Printed Circuit Boards (PCB) Market, with a market size of USD 24074.35 million in 2024. The market is projected to grow at a CAGR of 2.5% during the forecast period. The burgeoning demand for consumer electronics, including smartphones, tablets, and wearables, further propels the market forward.
• The Canadian Printed Circuit Boards (PCB) Market had a market share of USD 3661.50 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Canada's automotive industry, undergoing a shift towards electric and autonomous vehicles, further boosts PCB demand for vehicle electronics and control systems.
• The Mexico Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 277664 million in 2024

Europe Printed Circuit Boards PCB Market

According to Cognitive Market Research,  the global Printed Circuit Boards (PCB) Market size was estimated at USD 76281.2Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 22884.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• The United Kingdom Printed Circuit Boards (PCB) Market had a market share of USD 3844.57 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. In the UK, Regulatory initiatives promoting sustainable manufacturing practices also influence the market landscape, fostering the adoption of eco-friendly PCB materials and manufacturing processes.
• The France Printed Circuit Boards (PCB) market is projected to grow at a CAGR of 2.2% during the forecast period, reaching a market size of USD 2105.36 million in 2024.
• According to Cognitive Market Research, the German Printed Circuit Boards (PCB) Market size was valued at USD 4531.10 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The growing adoption of Internet of Things (IoT) devices across industries like healthcare, manufacturing, and transportation further propels PCB demand for sensor and connectivity applications. 
• The Italy Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 1968.05 million in 2024.
• The Russian printed circuit board PCB market is projected to grow at a CAGR of 2.0% during the forecast period, reaching a market size of USD 3547.08 million in 2024.
• The Spain Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 1876.52 million in 2024.
• The Luxembourg Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 3.1% during the forecast period, reaching a market size of USD 709.42 million in 2024.
• The Portugal Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 2.8% during the forecast period, reaching a market size of USD 480.57 million in 2024.
• The Greece Printed Circuit Boards (PCB) market is projected to grow at a CAGR of 3.3% during the forecast period, reaching a market size of USD 274.61 million in 2024.
• The rest of the European Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 3547.08 million in 2024.

Asia Pacific Printed Circuit Boards PCB Market

According to Cognitive Market Research, the global Printed Circuit Boards (PCB) Market size was estimated at USD 76281.2Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 17544.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Printed Circuit Boards (PCB) Market was valued at USD 7895.10 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. China's dominant presence in the global electronics supply chain and continuous efforts towards innovation and efficiency serve as significant drivers shaping the trajectory of the PCB market.
• The Japan Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 5.00% during the forecast period, reaching a market size of USD 2421.17 million in 2024.
• The India Printed Circuit Boards (PCB) Market had a market share of USD 2105.36 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. PCB technologies, such as HDI (High-Density Interconnect) and flexible PCBs, are enhancing the performance and functionality of electronic devices, driving market growth.
• The South Korea Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 5.6% during the forecast period, reaching a market size of USD 1754.47 million in 2024.
• The Australian printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 6.2% during the forecast period, reaching a market size of USD 912.32 million in 2024.
• The South East Asia Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 7.5% during the forecast period, reaching a market size of USD 1210.58 million in 2024.
• The Rest of the Asia Pacific Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 1245.67 million in 2024. 

South America Printed Circuit Boards PCB Market

According to Cognitive Market Research, the global Printed Circuit Boards (PCB) Market size was estimated at USD 76281.2Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 3814.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• The Argentina Printed Circuit Boards (PCB) Market had a market share of USD 640.76 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Despite these drivers, challenges such as fluctuating economic conditions and regulatory uncertainties may impact market dynamics.
• The Colombia Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 339.45 million in 2024.
• The Peru Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 4.1% during the forecast period, reaching a market size of USD 312.75 million in 2024.
• The Chile Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 274.61 million in 2024.
• The Rest of the Latin American Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 614.06 million in 2024

Middle East and Africa Printed Circuit Boards PCB Market

According to Cognitive Market Research, the global Printed Circuit Boards (PCB) Market size was estimated at USD 76281.2Million, 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 1525.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• The GCC Countries' Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 652.97 million in 2024. GCC nations amplify the need for PCBs in solar panels, wind turbines, and other green energy systems.
• The Egypt Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 4.5% during the forecast period, reaching a market size of USD 160.19 million in 2024.
• The South Africa Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 5.2% during the forecast period, reaching a market size of USD 241.05 million in 2024. The government's initiatives to promote local manufacturing and attract foreign investment also play a crucial role in driving market growth.
• The Turkish printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 3.7% during the forecast period, reaching a market size of USD 131.20 million in 2024.
• The Nigeria Printed Circuit Boards (PCB) Market is projected to grow at a CAGR of 3.3% during the forecast period, reaching a market size of USD 160.19 million in 2024.
• The Rest of the MEA Printed Circuit Boards (PCB) Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 180.02 million in 2024

Printed Circuit Boards PCB Market Analysis

Printed Circuit Boards (PCB) Market Type Segment Analysis

Single-sided PCBs, characterized by circuitry on only one side of the substrate, are cost-effective solutions suited for simpler electronic devices like calculators, LED lighting systems, and radio equipment. They offer ease of manufacturing and assembly, making them ideal for high-volume production runs. Single-sided PCBs find applications in industries ranging from consumer electronics to automotive and industrial automation.

Double-sided PCBs feature circuitry on both sides of the substrate, providing enhanced functionality and design flexibility. They accommodate more complex circuit layouts and allow for increased component density, making them suitable for applications demanding higher performance, such as computer peripherals, telecommunications equipment, and medical devices. Double-sided PCBs offer improved electrical connectivity and signal integrity, supporting the development of sophisticated electronic systems.

• Single Sided
• Double Sided
• Multi-Layer
• HD
• Other

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 Printed Circuit Boards PCB Industry. Request a Free Sample PDF!

Printed Circuit Boards (PCB) Market Substrate Segment Analysis

Rigid PCBs, characterized by their inflexible substrate material, dominate the market due to their widespread use in various electronic devices and applications. These boards offer stability and durability, making them suitable for applications where components are not subject to frequent bending or movement. Rigid PCBs find extensive use in industries such as consumer electronics, automotive, aerospace, and telecommunications.

Flexible PCBs are gaining traction owing to their ability to bend and conform to non-planar surfaces, enabling more compact and innovative designs. They offer greater flexibility and versatility, making them ideal for applications where space constraints or dynamic movement are significant factors, such as wearable electronics, medical devices, and automotive interiors.

• Rigid
• Flexible
• Rigid-Flex

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

Printed Circuit Boards PCB End-user Industry Segment Analysis

Industrial electronics encompass a broad range of applications, including automation, control systems, power electronics, and instrumentation. PCBs play a crucial role in these sectors by facilitating the operation of machinery, monitoring systems, and data acquisition. The increasing adoption of industrial automation and the Internet of Things (IoT) in manufacturing and infrastructure projects is driving demand for specialized PCBs capable of withstanding harsh operating environments, such as high temperatures, vibrations, and corrosive substances. Additionally, advancements in sensor technology and connectivity solutions contribute to the proliferation of PCBs in industrial applications, enabling real-time monitoring, predictive maintenance, and enhanced efficiency.

Healthcare sector, PCBs find applications in medical devices, diagnostic equipment, patient monitoring systems, and electronic implants. With the growing emphasis on personalized medicine, telemedicine, and remote patient monitoring, there is a rising demand for PCBs that offer high reliability, miniaturization, and integration of advanced functionalities. Moreover, the increasing prevalence of chronic diseases, aging populations, and technological innovations in medical devices drive the adoption of PCBs in healthcare settings. Furthermore, stringent regulatory standards for medical electronics necessitate PCBs with stringent quality control measures and compliance with industry regulations to ensure patient safety and data security.

• Industrial Electronics
• Healthcare
• Aerospace and Defense
• Automotive
• IT & Telecom
• Consumer Electronics
• Other End-user Industries

Author's Detail

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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