This market analysis includes a detailed segmentation of the global printed circuit board market by product type (flex, 1-2 sided, 4-6 low, 8-16 mid, 18+ high, mirovia (HDI), substrates, and rigid-flex), by application (aerospace and defense, automotive, cellular phone, computing, storage and peripherals, medical, industrial and instrumentation, networking and communications, and others), and by geography (Americas, APAC, and EMEA). The top vendors analyzed in this market study are Daeduck, Ibiden, Nippon Mektron, SEMCO, Tripod, Unimicron, TTM, Young Poong, and Zhen Ding.
Technavio’s market research analysts estimate the global PCB market, to grow at a CAGR of 3% between 2016 and 2020. Recent increase in demand for smart devices and advent of advanced technologies, such as Internet-of-Things (IoT) and wearables (smart watches and smart eyewear), will help to foster the demand for PCBs during the predicted period. APAC region will account for a market share of more than 85% by 2020. The high demand for mobile and consumer electronic devices in regions like India, China, Malaysia, Taiwan, Japan, and Singapore will result in the substantial growth of the PCB market in this geography.
The new market research report from Technavio provides a breakdown and analysis of the PCBs segments by technology.
“Manufacturers are employing high density interconnect (HDI) boards for high density circuits, which facilitates easy transmission of signals among the internal electronic components on the PCB. HDI manufacturers have developed a specialized yarn suitable for ultra-thin substrates, specifically designed for HDI boards that have a low coefficient of thermal expansion and high tensile modulus,” says Navin Rajendra, Industry Manager, Hardware & Semiconductor, Technavio Research.
Technavio analysts have estimated the 4-6 layer PCB type segment to be the largest market segment during the forecast period. Since this PCB type helps to provide higher component density to devices, they are increasingly being used in devices that have embedded capacitors, resistors, and transistors. Also, with the advent of new types of PCBs, such as FPCB and substrates, the market for 4-6 layer PCB type will exhibit a healthy growth rate as it will help manufacturers to meet the requirements of the changing technology landscape in the electronic device market.
The key vendors in the global PCB market include Daeduck, Ibiden, Nippon Mektron, SEMCO, Tripod, Unimicron, TTM, Young Poong, and Zhen Ding. This market is highly fragmented owing to the presence of multiple manufacturers and buyers. Continuous technological developments in the field of electronics necessitate the need to develop new and improved PCBs, which in turn intensifies the level of competition among the vendors. Since this market is highly fragmented, the vendors are focusing on the acquisition of small vendors as it will help them to bolster their market shares.
A more detailed analysis is available in the Technavio report, Global PCB Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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