The Latest Pcb Industry Statistics Explained
The global PCB market size was valued at USD 60.42 billion in 2020.
The statistic “The global PCB market size was valued at USD 60.42 billion in 2020” refers to the total monetary value of the global market for Printed Circuit Boards (PCBs) in the year 2020. This figure indicates the amount of revenue generated by the production and sale of PCBs worldwide during that particular year. PCBs are essential components used in various electronic devices, making them a crucial aspect of the electronics industry. The market size of USD 60.42 billion suggests the significant scale of the PCB industry and its importance within the broader technology sector. This statistic provides valuable insights into the economic impact and growth trends of the PCB market on a global scale.
It is projected that the PCB industry will grow at a compound annual growth rate (CAGR) of approximately 5% from 2021 to 2028.
The statement indicates that the Printed Circuit Board (PCB) industry is anticipated to experience steady growth over the period from 2021 to 2028, with a compound annual growth rate (CAGR) of around 5%. This means that on average, the industry’s market size is expected to increase by approximately 5% each year during this time frame. The projection suggests a positive outlook for the PCB industry, implying that factors such as technological advancements, increasing demand for electronic products, and expansion of industries using PCBs are likely to drive this growth. This statistic provides valuable insight for stakeholders, investors, and businesses operating within or connected to the PCB industry, helping them make informed decisions and strategic planning for the future.
The PCB industry in the Asia Pacific region held more than 90% market share in 2020.
This statistic indicates that the PCB (Printed Circuit Board) industry in the Asia Pacific region dominated the global market in 2020, accounting for over 90% of the total market share. This high market share suggests that the Asia Pacific region is a major player in the production and distribution of PCBs, which are crucial components in electronic devices. The dominance of this region in the PCB industry may be attributed to factors such as technological advancements, efficient manufacturing processes, competitive pricing, and skilled workforce. This statistic underscores the significance of the Asia Pacific region as a key hub for PCB production and highlights its strong position in the global electronics market.
The automotive PCB market is expected to reach $12.43 billion by 2025.
The statistic indicates that the automotive PCB (Printed Circuit Board) market is projected to grow significantly, reaching a value of $12.43 billion by the year 2025. This estimation suggests a substantial expansion in the demand for PCBs within the automotive industry over the coming years. PCBs are essential components in modern vehicles, used in various electronic systems such as engine control units, infotainment systems, and safety features. The anticipated growth in the automotive PCB market highlights the industry’s reliance on advanced electronics and technological innovations to meet the evolving needs of vehicles and consumers.
The demand for 4-6 layer PCB is projected to grow at a CAGR of 5.1% from 2021 to 2028.
This statistic indicates that the demand for 4-6 layer PCBs (Printed Circuit Boards) is expected to increase at a Compound Annual Growth Rate (CAGR) of 5.1% from the year 2021 to 2028. This projection suggests a steady and consistent growth trend in demand for PCBs with 4 to 6 layers over the specified period. The CAGR represents the annualized rate of growth that smoothens out the fluctuations in demand over the years, providing a holistic view of the anticipated growth trajectory for these specific types of PCBs in the electronics industry. This statistic is valuable for industry stakeholders, manufacturers, and investors looking to make informed decisions related to production capacity, market positioning, and potential investment opportunities within the PCB sector.
China is the largest market for PCB, with a production value of $35.7 billion in 2020.
The statistic indicates that China has the highest production value for Printed Circuit Boards (PCBs) in the world as of 2020, totaling $35.7 billion. This suggests that China’s market for PCBs is significant in terms of both volume and value, implying a strong presence of manufacturing and technological industries in the country. Due to China’s large market share in the PCB industry, the country likely plays a crucial role in the global supply chain for electronic components and devices. This statistic highlights China’s dominance in the PCB market and underscores its status as a key player in the electronics manufacturing industry.
The total value of the PCB market worldwide is expected to reach $79 billion by 2024.
The statistic “The total value of the PCB market worldwide is expected to reach $79 billion by 2024” indicates the projected growth and significance of the global Printed Circuit Board (PCB) industry in the coming years. PCBs are essential components in electronic devices, serving as the foundation for connecting various electronic components to enable functionality. The estimated value of $79 billion by 2024 highlights the increasing demand for electronic products and advancements in technology that rely on PCBs. This statistic suggests a positive outlook for the PCB market, indicating potential opportunities for growth and expansion within the industry as technological innovations continue to evolve.
The consumption of PCB in North America increased by 4.4% in 2020.
The statistic stating that the consumption of PCB (polychlorinated biphenyls) in North America increased by 4.4% in 2020 indicates a rise in the usage of PCBs within the region over the specified period. PCBs are chemicals that were commonly used in a variety of industrial applications in the past, but their use has been gradually phased out due to concerns about their environmental and health impacts. An increase in PCB consumption could suggest a resurgence in industrial activities that utilize these chemicals or a lack of strict regulations on their use and disposal. This statistic highlights the need for continued monitoring and regulation of PCBs to protect human health and the environment from potential risks associated with their usage.
The single-sided PCB segment accounted for over 30% market share in 2020.
The statistic indicates that in the year 2020, the single-sided PCB segment held a market share of more than 30%. This suggests that a significant portion of the PCB (Printed Circuit Board) market was dominated by single-sided PCBs, which are boards with components and connections only on one side. This could be due to various factors such as cost-effectiveness, simplicity of design, or specific industry demands. The data implies that single-sided PCBs were a popular choice among consumers and businesses in 2020, highlighting their importance and widespread usage within the PCB industry during that period.
The PCB industry in Europe is expected to expand at a CAGR of 4.2% from 2021 to 2028.
The statement indicates that the European PCB (Printed Circuit Board) industry is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.2% annually from the year 2021 to 2028. This growth rate suggests a steady and sustainable increase in the industry’s size and output over the specified period. The CAGR takes into account the compounding effect of growth over multiple years, providing a more meaningful representation of the industry’s expansion compared to a simple annual growth rate. The forecast suggests positive prospects for the PCB industry in Europe, showcasing expected opportunities for market expansion, technological advancements, and potential investments in the sector.
24% of the world’s PCB production took place in Japan in 2020.
The statistic that 24% of the world’s PCB production took place in Japan in 2020 indicates that Japan had a significant share in the global production of printed circuit boards (PCBs) during that year. This suggests that Japan’s manufacturing industry plays a crucial role in the electronic components sector, as PCBs are essential for various electronic devices such as computers, smartphones, and medical equipment. The high production volume also reflects Japan’s expertise in advanced technology and innovation, contributing to its competitive advantage in the global market for electronic components. Additionally, this statistic highlights Japan’s economic importance in the electronics industry and its impact on the supply chain of electronic goods worldwide.
Smartphone applications accounted for over 25% of the PCB market in 2020.
The statistic ‘Smartphone applications accounted for over 25% of the PCB market in 2020’ indicates that a significant portion of the Printed Circuit Board (PCB) market demand in 2020 was driven by the production of smartphones. This suggests that the growth of the smartphone industry has had a considerable impact on the overall PCB market, as PCBs are essential components in electronic devices like smartphones. The increasing complexity and functionality of smartphones have likely led to a higher demand for more advanced and specialized PCBs, resulting in this notable share of the market. This statistic highlights the importance of the smartphone industry in driving technological advancements and growth within the electronics manufacturing sector.
The double-sided PCB segment is expected to expand at a CAGR of 4.7% from 2021 to 2028.
The statistic suggests that the double-sided PCB (Printed Circuit Board) segment is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7% between the years 2021 and 2028. This indicates that the market for double-sided PCBs is likely to grow steadily over the forecast period. The CAGR provides insight into the average annual growth rate of the segment during this time frame, serving as a useful measure to understand the potential expansion and trajectory of the market. This growth rate could be influenced by factors such as increasing demand for electronic devices, technological advancements, and expansion of the automotive and aerospace industries, driving the need for double-sided PCBs in various applications.
In 2020, the PCB industry of South Korea had a production value of over $7 billion.
The statistic stating that in 2020, the PCB industry of South Korea had a production value of over $7 billion represents the total value of all printed circuit boards (PCBs) produced by manufacturers in South Korea during that year. This figure serves as a key indicator of the economic significance and scale of the PCB industry within the country. The production value encompasses the costs of raw materials, labor, and other expenses incurred in the manufacturing process. A production value of over $7 billion highlights the pivotal role played by the South Korean PCB industry in the global market, indicating a robust and thriving sector that contributes significantly to the national economy.
Taiwan is the second-largest market for PCB, with a production value of $17.7 billion in 2020.
The statistic stating that Taiwan is the second-largest market for PCB (Printed Circuit Boards), with a production value of $17.7 billion in 2020, highlights the significant economic contribution of the PCB industry in Taiwan. PCBs are essential components used in various electronic devices, making them a crucial industry in the technology sector. The high production value indicates Taiwan’s strong position in the global PCB market, showcasing its advanced manufacturing capabilities and expertise in electronics. This statistic underscores Taiwan’s importance in the supply chain of electronic components and its influence on the global technology industry as a key player in PCB production.
The usage of PCBs in cars is expected to grow at a CAGR of 5.3% from 2020 to 2024.
This statistic indicates that the use of Printed Circuit Boards (PCBs) in cars is projected to increase at a Compound Annual Growth Rate (CAGR) of 5.3% between the years 2020 and 2024. A CAGR of 5.3% suggests a steady growth rate over the specified time period, which implies that the incorporation of PCBs in automobile systems is expected to rise consistently year over year. This growth may be attributed to advancements in automotive technology, increasing demand for electronic features and functionalities in vehicles, and the trend toward connected and autonomous vehicles. The statistic highlights the significance of PCBs in modern cars and underscores the ongoing evolution of automotive electronics.
The consumer electronics segment held the largest market share of over 30% in 2020 in the PCB industry.
The statistic that the consumer electronics segment held the largest market share of over 30% in 2020 in the PCB industry indicates that a significant portion of the printed circuit board (PCB) market was driven by consumer electronics products such as smartphones, laptops, and tablets. This suggests that there was a strong demand for PCBs in the consumer electronics sector compared to other industries like automotive, aerospace, or healthcare. This information is valuable for understanding the key drivers of growth and demand in the PCB industry and can help industry players make strategic decisions regarding resource allocation, market positioning, and product development to capitalize on the opportunities within the consumer electronics segment.
The demand for multilayer PCB is projected to grow at a CAGR of 4.6% from 2021 to 2028.
The statistic stating that the demand for multilayer PCB is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.6% from 2021 to 2028 indicates the estimated annualized growth rate of the demand for multilayer PCBs over the specified time period. A CAGR of 4.6% implies that, on average, the demand for multilayer PCBs is expected to increase by 4.6% each year from 2021 to 2028. This projection suggests a positive trend in the market for multilayer PCBs, indicating a steady growth trajectory over the coming years. It can serve as important information for businesses operating in the PCB industry to make informed decisions regarding production capacity, strategic planning, and market positioning to capitalize on this projected growth.
The global market for PCB is expected to reach 76.9 billion U.S. dollars by 2023.
The statistic that the global market for printed circuit boards (PCB) is projected to reach 76.9 billion U.S. dollars by 2023 signifies a significant growth potential in the PCB industry over the next few years. This forecast suggests that there will be an increasing demand for PCBs, which are essential components in electronic devices such as smartphones, computers, and automotive systems. The expected expansion of the PCB market may be driven by advancements in technology, increasing adoption of electronic devices worldwide, and the proliferation of Internet of Things (IoT) applications. As a key indicator of the electronics industry’s health and growth prospects, this statistic suggests opportunities for companies involved in PCB manufacturing, design, and related industries to capitalize on the expanding market.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.prnewswire.com
3. – https://www.www.pcdandf.com
