GITNUX REPORT 2024

Global PCB Industry Sees Steady Growth, Dominated by Asia-Pacific

Exploring the booming PCB industry: key insights, growth projections, and market trends analyzed.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global 5G PCB market size was valued at USD 1.1 billion in 2020

Statistic 2

The IoT PCB market is projected to grow at a CAGR of 11.2% from 2021 to 2026

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The global PCB manufacturing equipment market was valued at USD 4.47 billion in 2020

Statistic 4

The PCB manufacturing equipment market is projected to reach USD 6.21 billion by 2025

Statistic 5

The global PCB cleaning equipment market was valued at USD 1.5 billion in 2020

Statistic 6

The PCB cleaning equipment market is projected to reach USD 2.1 billion by 2026

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The global PCB inspection equipment market was valued at USD 2.3 billion in 2020

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The PCB inspection equipment market is expected to reach USD 3.4 billion by 2026

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The global PCB drilling market was valued at USD 1.8 billion in 2020

Statistic 10

The PCB drilling market is projected to grow at a CAGR of 4.5% from 2021 to 2026

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The global PCB milling market was valued at USD 1.2 billion in 2020

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The PCB milling market is expected to reach USD 1.7 billion by 2026

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The average lead time for PCB production is 10-15 days

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The global PCB assembly market was valued at USD 58.7 billion in 2020

Statistic 15

The PCB assembly market is expected to reach USD 74.1 billion by 2026

Statistic 16

Surface mount technology (SMT) accounts for over 80% of PCB assembly processes

Statistic 17

The global PCB testing market was valued at USD 1.4 billion in 2020

Statistic 18

The PCB testing market is projected to reach USD 2.1 billion by 2026

Statistic 19

The average PCB manufacturing cycle time is 5-10 days

Statistic 20

The average cost of PCB prototyping is $10-$50 per board

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The global PCB repair market was valued at USD 1.2 billion in 2020

Statistic 22

The PCB repair market is expected to grow at a CAGR of 5.8% from 2021 to 2026

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The global PCB plating market was valued at USD 2.5 billion in 2020

Statistic 24

The PCB plating market is projected to grow at a CAGR of 5.2% from 2021 to 2026

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The global PCB etching market was valued at USD 1.9 billion in 2020

Statistic 26

The PCB etching market is expected to reach USD 2.6 billion by 2026

Statistic 27

The automotive PCB segment is expected to grow at a CAGR of 6.2% from 2021 to 2028

Statistic 28

Rigid PCBs held the largest market share of 63.4% in 2020

Statistic 29

The flexible PCB market is projected to reach USD 27.56 billion by 2025

Statistic 30

The HDI PCB market is expected to reach USD 22.41 billion by 2026

Statistic 31

The global PCB market size was valued at USD 60.42 billion in 2020

Statistic 32

The PCB market is expected to grow at a CAGR of 4.3% from 2021 to 2028

Statistic 33

The global PCB materials market was valued at USD 21.8 billion in 2020

Statistic 34

FR-4 is the most commonly used PCB material, accounting for over 90% of all PCBs

Statistic 35

The global PCB connector market was valued at USD 57.9 billion in 2020

Statistic 36

The PCB connector market is expected to reach USD 80.3 billion by 2025

Statistic 37

The global PCB antenna market was valued at USD 6.3 billion in 2020

Statistic 38

The PCB antenna market is projected to reach USD 11.9 billion by 2026

Statistic 39

The global PCB relay market was valued at USD 3.5 billion in 2020

Statistic 40

The PCB relay market is expected to grow at a CAGR of 5.2% from 2021 to 2026

Statistic 41

The global PCB laminate market was valued at USD 11.3 billion in 2020

Statistic 42

The PCB laminate market is projected to reach USD 14.9 billion by 2025

Statistic 43

The PCB industry consumes approximately 1 million tons of copper annually

Statistic 44

The global PCB solder mask market was valued at USD 1.3 billion in 2020

Statistic 45

The PCB solder mask market is projected to grow at a CAGR of 4.8% from 2021 to 2026

Statistic 46

The global PCB substrate market was valued at USD 12.4 billion in 2020

Statistic 47

The PCB substrate market is expected to reach USD 16.8 billion by 2026

Statistic 48

The global PCB conformal coating market was valued at USD 890 million in 2020

Statistic 49

The PCB conformal coating market is projected to reach USD 1.2 billion by 2026

Statistic 50

Asia Pacific dominated the PCB market with a share of 61.8% in 2020

Statistic 51

China accounted for 50% of global PCB production in 2020

Statistic 52

The global PCB recycling market was valued at USD 1.8 billion in 2020

Statistic 53

The PCB recycling market is expected to grow at a CAGR of 7.2% from 2021 to 2026

Statistic 54

Approximately 50 million metric tons of e-waste are generated annually, with PCBs being a significant component

Statistic 55

The global PCB design software market was valued at USD 2.41 billion in 2020

Statistic 56

The PCB design software market is expected to reach USD 4.44 billion by 2026

Statistic 57

The global PCB design services market was valued at USD 2.6 billion in 2020

Statistic 58

The PCB design services market is projected to reach USD 3.8 billion by 2026

Statistic 59

The global PCB design automation software market was valued at USD 2.1 billion in 2020

Statistic 60

The PCB design automation software market is expected to grow at a CAGR of 6.5% from 2021 to 2026

Statistic 61

The global PCB simulation software market was valued at USD 780 million in 2020

Statistic 62

The PCB simulation software market is projected to reach USD 1.1 billion by 2026

Statistic 63

The global PCB reverse engineering market was valued at USD 450 million in 2020

Statistic 64

The PCB reverse engineering market is expected to grow at a CAGR of 7.2% from 2021 to 2026

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Summary

  • The global PCB market size was valued at USD 60.42 billion in 2020
  • The PCB market is expected to grow at a CAGR of 4.3% from 2021 to 2028
  • Asia Pacific dominated the PCB market with a share of 61.8% in 2020
  • China accounted for 50% of global PCB production in 2020
  • The automotive PCB segment is expected to grow at a CAGR of 6.2% from 2021 to 2028
  • Rigid PCBs held the largest market share of 63.4% in 2020
  • The flexible PCB market is projected to reach USD 27.56 billion by 2025
  • The HDI PCB market is expected to reach USD 22.41 billion by 2026
  • The global 5G PCB market size was valued at USD 1.1 billion in 2020
  • The IoT PCB market is projected to grow at a CAGR of 11.2% from 2021 to 2026
  • The global PCB design software market was valued at USD 2.41 billion in 2020
  • The PCB design software market is expected to reach USD 4.44 billion by 2026
  • The global PCB manufacturing equipment market was valued at USD 4.47 billion in 2020
  • The PCB manufacturing equipment market is projected to reach USD 6.21 billion by 2025
  • The average lead time for PCB production is 10-15 days

<p>Hold onto your soldering irons, because the world of PCBs is buzzing with excitement! With a market size valued at a staggering USD 60.42 billion in 2020 and set to grow at a CAGR of 4.3% in the coming years, the PCB industry isnt just a niche circuit anymore—its a powerhouse driving technological innovation. From Asia Pacifics dominance and Chinas production prowess to the rise of automotive PCBs and the evolution of flexible and HDI boards, this blog post delves into the electrifying realm where FR-4 reigns supreme, 5G dreams take shape, and PCB design software booms. Dive in for a current (pun intended) look at a market thats not just connecting circuits but shaping the future of technology itself!</p>

Emerging Technologies

  • The global 5G PCB market size was valued at USD 1.1 billion in 2020
  • The IoT PCB market is projected to grow at a CAGR of 11.2% from 2021 to 2026

Interpretation

The rise of 5G technology has not only revolutionized our connectivity but also sparked a significant surge in the demand for advanced PCBs. With the global 5G PCB market reaching a whopping USD 1.1 billion in 2020, it's clear that the industry is riding the wave of innovation. Moreover, the projected growth of the IoT PCB market at an enticing CAGR of 11.2% from 2021 to 2026 indicates that the fusion of 5G and IoT is not just a trend but a lucrative frontier for manufacturers and tech enthusiasts alike. As we navigate this high-speed domain of interconnected devices, one thing's for certain: the PCB industry is not just electrifying, it's electrifyingly profitable.

Manufacturing Equipment

  • The global PCB manufacturing equipment market was valued at USD 4.47 billion in 2020
  • The PCB manufacturing equipment market is projected to reach USD 6.21 billion by 2025
  • The global PCB cleaning equipment market was valued at USD 1.5 billion in 2020
  • The PCB cleaning equipment market is projected to reach USD 2.1 billion by 2026
  • The global PCB inspection equipment market was valued at USD 2.3 billion in 2020
  • The PCB inspection equipment market is expected to reach USD 3.4 billion by 2026
  • The global PCB drilling market was valued at USD 1.8 billion in 2020
  • The PCB drilling market is projected to grow at a CAGR of 4.5% from 2021 to 2026
  • The global PCB milling market was valued at USD 1.2 billion in 2020
  • The PCB milling market is expected to reach USD 1.7 billion by 2026

Interpretation

The booming PCB industry seems to be drilling down deep into success, milling through obstacles, and cleaning up its act with precision. With the global PCB manufacturing equipment market projected to skyrocket to USD 6.21 billion by 2025 and the PCB cleaning equipment market anticipated to reach USD 2.1 billion by 2026, it's crystal clear that the world of PCBs is not just inspecting the future but drilling and milling its way towards impressive growth. As the industry continues to innovate and evolve, it's evident that cleaning up, drilling down, and milling through challenges is all in a day's work for these electrifying market players.

Manufacturing Processes

  • The average lead time for PCB production is 10-15 days
  • The global PCB assembly market was valued at USD 58.7 billion in 2020
  • The PCB assembly market is expected to reach USD 74.1 billion by 2026
  • Surface mount technology (SMT) accounts for over 80% of PCB assembly processes
  • The global PCB testing market was valued at USD 1.4 billion in 2020
  • The PCB testing market is projected to reach USD 2.1 billion by 2026
  • The average PCB manufacturing cycle time is 5-10 days
  • The average cost of PCB prototyping is $10-$50 per board
  • The global PCB repair market was valued at USD 1.2 billion in 2020
  • The PCB repair market is expected to grow at a CAGR of 5.8% from 2021 to 2026
  • The global PCB plating market was valued at USD 2.5 billion in 2020
  • The PCB plating market is projected to grow at a CAGR of 5.2% from 2021 to 2026
  • The global PCB etching market was valued at USD 1.9 billion in 2020
  • The PCB etching market is expected to reach USD 2.6 billion by 2026

Interpretation

In the fast-paced world of PCB production, it seems like a 10-15 day lead time is the new "ASAP." With the global PCB assembly market reaching a whopping USD 58.7 billion in 2020 and projected to hit USD 74.1 billion by 2026, it appears that the industry is firing on all cylinders... or should I say solder joints? Surface mount technology (SMT) continues to dominate, accounting for over 80% of assembly processes, proving that sometimes the surface is just as important as what's underneath. Testing, repairing, plating, and etching all have their time in the spotlight, with markets growing and values skyrocketing faster than a PCB prototype can say "I'm ready for my close-up!"

Market Segments

  • The automotive PCB segment is expected to grow at a CAGR of 6.2% from 2021 to 2028
  • Rigid PCBs held the largest market share of 63.4% in 2020
  • The flexible PCB market is projected to reach USD 27.56 billion by 2025
  • The HDI PCB market is expected to reach USD 22.41 billion by 2026

Interpretation

The PCB industry is revving up with the automotive sector taking the lead, set to accelerate at a CAGR of 6.2% in the coming years – a journey worth buckling up for. Rigid PCBs are currently cruising in pole position with a dominating market share, while flexible PCBs are gearing up to hit a financial highway of USD 27.56 billion by 2025. Not to be outshone, HDI PCBs are also revving their engines for a lucrative ride towards a projected USD 22.41 billion by 2026. So, fasten your seatbelts, because it seems the PCB market is in for an electrifying race to the finish line of innovation and growth.

Market Size and Growth

  • The global PCB market size was valued at USD 60.42 billion in 2020
  • The PCB market is expected to grow at a CAGR of 4.3% from 2021 to 2028

Interpretation

The PCB industry is truly electrifying with a current market size of USD 60.42 billion in 2020, sparking a voltage of anticipation as it gears up for a steady growth journey with a projected CAGR of 4.3% from 2021 to 2028. With circuits getting more complex and demand for smart devices surging, it seems like the PCB market is wired for success, ready to conduct innovation at full capacity. So, buckle up and embrace the current flow, because in this industry, resistance is futile – it's all about riding the wave of technological advancement and staying current.

Materials and Components

  • The global PCB materials market was valued at USD 21.8 billion in 2020
  • FR-4 is the most commonly used PCB material, accounting for over 90% of all PCBs
  • The global PCB connector market was valued at USD 57.9 billion in 2020
  • The PCB connector market is expected to reach USD 80.3 billion by 2025
  • The global PCB antenna market was valued at USD 6.3 billion in 2020
  • The PCB antenna market is projected to reach USD 11.9 billion by 2026
  • The global PCB relay market was valued at USD 3.5 billion in 2020
  • The PCB relay market is expected to grow at a CAGR of 5.2% from 2021 to 2026
  • The global PCB laminate market was valued at USD 11.3 billion in 2020
  • The PCB laminate market is projected to reach USD 14.9 billion by 2025
  • The PCB industry consumes approximately 1 million tons of copper annually
  • The global PCB solder mask market was valued at USD 1.3 billion in 2020
  • The PCB solder mask market is projected to grow at a CAGR of 4.8% from 2021 to 2026
  • The global PCB substrate market was valued at USD 12.4 billion in 2020
  • The PCB substrate market is expected to reach USD 16.8 billion by 2026
  • The global PCB conformal coating market was valued at USD 890 million in 2020
  • The PCB conformal coating market is projected to reach USD 1.2 billion by 2026

Interpretation

In a world where connections are key, the PCB industry continues to electrify with impressive growth numbers. From the reliable FR-4 dominating the material market to the expanding realms of connectors, antennas, relays, laminates, copper consumption, solder masks, substrates, and conformal coatings, it's clear that this industry is wired for success. With projections pointing towards billions of dollars in revenue and tons of copper being put to work, it's safe to say that the PCB sector is conducting itself quite impressively, sparking interest and innovation along the way.

Regional Distribution

  • Asia Pacific dominated the PCB market with a share of 61.8% in 2020
  • China accounted for 50% of global PCB production in 2020

Interpretation

In the world of Printed Circuit Boards, it seems that Asia Pacific holds the power plug, with a commanding 61.8% share of the market in 2020. To put it in perspective, China alone accounted for a whopping 50% of global PCB production last year, making it the undeniable motherboard of the industry. This data not only underscores the region's technical prowess but also highlights its pivotal position in the global electronics supply chain. One thing's for sure - when it comes to PCBs, Asia Pacific isn't just a player, it's the motherboard of innovation and production.

Sustainability and Recycling

  • The global PCB recycling market was valued at USD 1.8 billion in 2020
  • The PCB recycling market is expected to grow at a CAGR of 7.2% from 2021 to 2026
  • Approximately 50 million metric tons of e-waste are generated annually, with PCBs being a significant component

Interpretation

In a world where our gadgets seem to multiply faster than rabbits, the PCB industry is poised to sit pretty as the recycling maestro of the tech world. With the global market already worth a hefty USD 1.8 billion and projected to grow at a tantalizing CAGR of 7.2%, it's clear that old circuit boards are the new gold mine. And let's not forget the 50 million metric tons of e-waste generated each year - a sheer mountain of opportunity waiting to be dismantled, recycled, and turned into profit. So, here's to the unsung heroes of the PCB world - turning trash into treasure, one circuit at a time.

Technology and Software

  • The global PCB design software market was valued at USD 2.41 billion in 2020
  • The PCB design software market is expected to reach USD 4.44 billion by 2026
  • The global PCB design services market was valued at USD 2.6 billion in 2020
  • The PCB design services market is projected to reach USD 3.8 billion by 2026
  • The global PCB design automation software market was valued at USD 2.1 billion in 2020
  • The PCB design automation software market is expected to grow at a CAGR of 6.5% from 2021 to 2026
  • The global PCB simulation software market was valued at USD 780 million in 2020
  • The PCB simulation software market is projected to reach USD 1.1 billion by 2026
  • The global PCB reverse engineering market was valued at USD 450 million in 2020
  • The PCB reverse engineering market is expected to grow at a CAGR of 7.2% from 2021 to 2026

Interpretation

As the world becomes increasingly interconnected and technologically advanced, the PCB industry seems to be riding the crest of a lucrative wave. With PCB design software, services, automation software, simulation software, and reverse engineering all showing impressive growth projections, it's clear that our reliance on electronics is not only steadfast but also evolving. In a realm where circuits and connections reign supreme, the PCB market is proving that there's no limit to innovation – as long as there's a circuit board to navigate it.

References