Printed Circuit Board (PCB) Market 2020-2024 | Growing Demand for Internet of Things (IoT) Devices to Boost Growth

The printed circuit board market size has the potential to grow by $ 10.85 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. This report provides a detailed analysis of the market by product (4-6 low, substrates, 1-2 sided, flexible, and others) and geography (APAC,

Theprinted circuit board (PCB) market and it ispoised to grow by USD 10.85 billion during 2020-2024, progressing at a CAGR ofover 3% during the forecast period. The report offers an up-to-date analysisregarding the current market scenario, latest trends and drivers, and theoverall market environment.

Printed Circuit Board Market by Product and Geography - Forecast and Analysis 2020-2024

Technavio suggests three forecast scenarios (optimistic, probable,and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19Impact

The market is fragmented, and the degree of fragmentation willaccelerate during the forecast period. Compeq Manufacturing Co. Ltd., IbidenCo. Ltd., Korea Zinc Co. Ltd. , NOK Corp., Samsung Electronics Co. Ltd.,Sumitomo Electric Industries Ltd., Tripod Technology Corp., TTM TechnologiesInc., Unimicron Technology Corp., and Zhen Ding Technology Holding Ltd. aresome of the major market participants. The growing demand for Internet ofThings (IoT) devices will offer immense growth opportunities. To make the mostof the opportunities, market vendors should focus more on the growth prospectsin the fast-growing segments, while maintaining their positions in theslow-growing segments.

Growing demand for Internet of Things (IoT) devices has beeninstrumental in driving the growth of the market.

Printed Circuit Board (PCB) Market 2020-2024: Segmentation

Printed Circuit Board (PCB) Market is segmented as below:

·        Product

o    4-6Low

o    Substrates

o    1-2Sided

o    Flexible

o    Others

·        Geography

o    APAC

o    NorthAmerica

o    Europe

o    MEA

o    SouthAmerica

 

Printed Circuit Board (PCB) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the wayof study, synthesis, and summation of data from multiple sources. Our printed circuit board (PCB) market reportcovers the following areas:

·        Printed Circuit Board (PCB) Market size

·        Printed Circuit Board (PCB) Market trends

·        Printed Circuit Board (PCB) Market industry analysis

This study identifies the advent of high-density interconnect(HDI) technology as one of the prime reasons driving the printed circuit board(PCB) market growth during the next few years.

Printed Circuit Board (PCB) Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in theprinted circuit board (PCB) market, including some of the vendors such asCompeq Manufacturing Co. Ltd., Ibiden Co. Ltd., Korea Zinc Co. Ltd. , NOK Corp.,Samsung Electronics Co. Ltd., Sumitomo Electric Industries Ltd., TripodTechnology Corp., TTM Technologies Inc., Unimicron Technology Corp., and ZhenDing Technology Holding Ltd. Backed with competitive intelligence andbenchmarking, our research reports on the printed circuit board (PCB) marketare designed to provide entry support, customer profile and M&As as well asgo-to-market strategy support.