Which sectors are driving the demand for PCBs?

Key sectors driving PCB demand include consumer electronics, automotive (especially EVs), and industrial automation.

What challenges does the PCB market face?

The PCB market faces challenges like fluctuating raw material prices and increasing environmental regulations.

Home / Business and Economy / PCB Market Surges: $75.85B in 2023 to $117.53B by 2032

PCB Market Surges: $75.85B in 2023 to $117.53B by 2032

Q: What is the projected growth for the Printed Circuit Board (PCB) market?

The PCB market is projected to grow from $75.85 billion in 2023 to $117.53 billion by 2032, at a CAGR of 4.99%.

6 Jan

•

Summary

PCB market valued at $75.85 billion in 2023, projected to reach $117.53 billion by 2032.
Automotive sector, especially EVs and ADAS, is a major growth driver for PCBs.
Industrial automation and smart manufacturing significantly boost PCB demand.

PCB Market Surges: $75.85B in 2023 to $117.53B by 2032

The global printed circuit board (PCB) market is poised for substantial expansion, projected to grow from $75.85 billion in 2023 to $117.53 billion by 2032, with a CAGR of 4.99%. This growth is propelled by the ever-increasing demand for electronic devices across consumer, automotive, industrial, and medical sectors. Advanced technologies are enabling more sophisticated and compact electronic assemblies.

The automotive industry, particularly electric vehicles and advanced driver-assistance systems, represents a significant growth engine for PCBs. Modern vehicles require highly reliable PCBs for electronic control units, battery management, and infotainment systems. Concurrently, industrial automation and Industry 4.0 initiatives are boosting demand for durable, high-precision PCBs essential for robotics, sensors, and IoT systems.