(2019 – 2024) Printed Circuit Board Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Printed Circuit Board Market is expected to grow at a CAGR of 4.1% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Printed Circuit Board market and main aspect about report- why should you buy this research report? so don’t miss it.
Printed Circuit Board Market Overview:
The printed circuit board market is expected to register a CAGR of 4.1% during the forecast period 2019-2024. A printed circuit board mechanically supports and electrically connects electronic components through the use of conductive tracks, pads and other features engraved from one or more sheet layers of copper that are laminated onto and between sheet layers of a non-conductive substrate.
– Miniaturization of devices is occurring in the recent time; the technology is getting shrunk into small sizes in order to increase efficiency as well as to reduce the space occupied by different components in order to make it aesthetically pleasing.
– The restriction on the external sourcing of the processes that are imposed by the United States government can act as a major restraint for this market. As technology is majorly outsourced to other countries, it can restrict the growth of the market due to compliance issues.
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List of Top Key-players/Leading Manufacturers of Printed Circuit Board Market:
Scope of the Printed Circuit Board Market Report:
Printing Circuit Board is an electronic circuit consisting of thin strips of a conducting material such as copper, which have been etched from a layer fixed to a flat insulating sheet and to which integrated circuits and other components are attached. Cheaper PCBs and perf boards are usually constructed with other materials such as epoxies or phenolics which lack the durability but are much less expensive.
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Key Trends of Printed Circuit Board Market:
Healthcare is Expected to Hold a Significant Market Share
Printed circuit boards(PCBs) have become critically important in the medical field. Due to the advancement in the technology, more and more medical diagnostic, research and treatment methods have become computerized. This is the reason behind PCBs for medical equipment becoming a standard requirement throughout the industry.
PCBs can be found in various medical fields. From defibrillators, pacemakers, and heart monitors in the case of cardiovascular medical specification PCBs, to medical imaging systems, CT scans, MRIs, ultrasonic equipment and more.456PCBs also find their applications in medical devices like body temperature monitors, blood glucose monitors and electrical muscle stimulation equipment. PCBs for medical equipment are everywhere.
Pharmaceutical industry professionals will also often select flex or rigid-flex PCBs for their critical medical devices. The main reason behind this is that medical devices often do not conform to typical standards of PCB shape and size, and medical device professionals will want to make sure their printed circuit boards can fit into as small of an area as possible while remaining resistant to damage. Due to the growth of the Healthcare sector in the countries, the sales of printed circuit boards have been boosted substantially.
The United States is Expected to Have a Significant Market Share
Flexible printed circuit boards are adopted in a wide array of electronic devices which possess complex circuitry. Besides efficient interconnectivity solutions, flexible PCBs offer other benefits like reduced system maintenance which increases the possibility of their adoption by the manufacturers to improve their product quality.
Although consumer electronics was the major contributor to the revenue of flexible PCBs over the years, consumption by the automotive electronics sector is expected to gather notable momentum during the forecast period, fuelling the sales globally. Demand from the aerospace and defense industry will also remain vital during the forecast period.
The demand for the flexible printed circuit boards by smartphone manufacturers, connectivity antennas, other mobile devices, LCD display, and rechargeable batteries, is currently increasing at a fast pace. With exploding consumer electronics sector, the soaring popularity of IoT, and rising applications in the automotive industry are identified as the key factors that are likely contributing a positive impact on the sales of FPCBs in the near future. Quality performance and great packaging flexibility of flexible PCBs will contribute to their success in the interconnectivity solutions in the future.
A rising trend of disposable electronics will also contribute substantially to market growth over the next few years. FPCB manufacturers are likely to encounter an increased number of opportunities in the healthcare sector. Moreover, high initial costs associated with flexible PCBs will act as a long established barrier to rapid mass adoption of the technology.
Increasing demand for small, flexible electronics will act as a critical trend for the market. The growing use of flex circuits in electronic wearables will have a positive impact on the market. Moreover, materializing interest in foldable or rollable smartphones will create a massive number of opportunities for key market players soon.
Reasons to Purchase Printed Circuit Board Market Report:
- The report analyses how the stringent emission control norms will drive the global Printed Circuit Board market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Printed Circuit Board market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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