Growth Trends in Global Printed Circuit Board Market
The future of the printed circuit board (PCB) market looks promising with opportunities in the communication, computer, peripheral, and automotive industries. The global printed circuit board market is expected to reach an estimated $72.6 billion by 2022 and is forecast to grow at a CAGR of 3.2% from 2017 to 2022. The major driving factors of growth for this market are the strong demand for smart phones and tablets along with growing automation in industries, such as automotive, aerospace and defense.
Emerging trends, which have a direct impact on the dynamics of the industry, include the miniaturization of printed circuit boards and development of green PCBs.
Some figures show the trends as blow:
Global PCB Market Trends from 2011 to 2016
Global PCB Market Forecast by End Use Industry from 2017 to 2022
Growth Trends for the Global PCB Market by Regio
Some professionals predicated that standard multilayer PCBs will remain the largest segment due to the growth in computer and communication industry. The demand for rigid flex PCBs is likely to experience the highest growth in the forecast period supported by growing demand for smartphone and display applications.
Within the PCB market, the communication industry is expected to remain the largest market. Continuous innovations in smartphones and increasing demand from emerging economies are expected to drive growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest and fastest growing region due to the increasing production of electronic components and devices in this region.
MOKO technology as one of PCB manufacturers in Asia Pacific, has always committed to providing quality services to our customers. And, our company adheres to research and develop new products, so that the customers who cooperate with us can enjoy the latest products at the first time.
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