Printed Circuit Board (PCB) Market Size (2025 – 2030)

The Printed Circuit Board (PCB) Market was valued at USD 68.38 billion in 2024 and is projected to grow at a CAGR of 5.2% from 2025 to 2030, reaching USD 92.69 billion by 2030.

The Printed Circuit Board (PCB) market is an important segment of the worldwide electronics market since the PCB is a platform on which virtually all electronic devices are based. PCBs also allow interconnection of electronic components and provide mechanical and efficient electrical conduction, and are therefore essential in the various fields of consumer electronics, automobile, aerospace, telecommunications, and healthcare industries. The market has been experiencing tremendous growth owing to the high rate of adoption of the new advanced technologies of 5G, Internet of Things (IoT), wearable systems, and electric vehicles that require compact, high-performance, and multi-layered PCBs. The region of Asia Pacific has become the centre of activity, which is due to the convergence of electronic manufacturing industries in nations such as China, Japan, and South Korea, whereas North America has been regarded as the region of the highest growth rates, thanks to the technological advances and the increase in the need for advanced electronics. The market actors are also paying more attention to research and development to manufacture flexible, high-density, and environmentally friendlier PCBs that are in line with the trend of miniaturization and production that is environmentally friendly globally. Also, production efficiency and scalability are being improved through strategic alliances, mergers, and investment in automated manufacturing processes. Nevertheless, even with the setbacks of high prices of raw materials and complicated production processes, the PCB market can still boast performance because of the constantly increasing need for smarter, faster, and more reliable electronic gadgets all around the world.

Key Market Insights:

Asia-Pacific accounted for approximately 23% of the global PCB market in 2024, with a market size of USD 17.5 billion. The region is projected to grow at a CAGR of 6.5% from 2024 to 2031. China's PCB market was valued at USD 7.9 billion in 2024, while Southeast Asia's market is projected to grow at a CAGR of 7.5% during the same period.

Diode Computers, a startup specializing in AI-driven PCB design, raised $11.4 million in a Series A funding round. The company utilizes artificial intelligence to automate the design and manufacturing of printed circuit boards, transitioning the traditional visual layout methods into a code-based design process. This transformation aims to reduce the time and labor associated with PCB creation from weeks or months to just days.

Foxconn has invested $383 million in a new printed circuit board factory in Bac Ninh, Vietnam. This plant is expected to manufacture 2.79 million units annually, enhancing Foxconn's production capacity and optimizing its global supply chain layout to cope with the increasingly complex international trade environment and changing market demands.

Market Drivers:

Rising Consumer and Industrial Electronics Demand is Accelerating PCB Market Growth.

The demand in the high-technology circuit board market is achieving a high level of growth owing to the high demand in the consumer and industrial markets. As the use of smartphones, wearable units, smart home, and high-end computing units grows, manufacturers are turning to the use of PCBs to improve the functionality of their devices, their performance, and miniaturization. The direct impact on PCB innovation is the demand of consumers to have a faster, lighter, and more multifunctional device, especially in the high-density interconnect (HDI) and flexible PCBs. Other than consumer electronics, industrial applications like robotics, automation, and medical equipment are also incorporating advanced electronic systems, which demand high-quality and efficient PCBs. This is also encouraged by the fast penetration of electric vehicles (EVs), whereby complicated circuitry is necessary to use in battery management systems, power electronics, and infotainment solutions. The steady growth of the market is supported by the fact that, as these applications continue to grow, PCBs with more performance, reduced size, and thermal control are required, providing the market with a consistent growth trend. The transition to intelligent manufacturing and Industry 4.0 also gives impetus to the implementation of PCBs in industrial machinery, sensors, and control systems, which become an essential part of any modern technological environment.

Technological Innovations and Next-Generation PCB Solutions Driving Market Expansion.

The ongoing technological advances and introduction of the next-generation PCB solutions are driving the PCB market very hard. High precision, fast production, and low cost of production are being facilitated through advanced manufacturing methods of automated assembly, laser drilling, and 3D printing PCBs. In addition, more rigid-flex PCBs and multi-layered PCBs are becoming popular, making it possible to design small but high-performance devices with better signal integrity and heat dissipation. Especially powerful is the creation of PCBs that would have supported high-frequency 5G networks, artificial intelligence (AI) systems, and IoT devices, since these technologies require circuits that support faster data transfer and complex electronic loads. Adoption of environmentally sustainable materials and lead-free processes also conforms to the trends in global regulations, and this also enhances the acceptance and adoption in the market. With the rising needs of industries like automotive, telecommunication, healthcare, and aerospace to have tailor-made PCB solutions, manufacturers are putting efforts into RN Development in order to develop new, durable, and high-efficiency boards. The developments that have occurred not only increase the usage capabilities of PCBs but also serve to decrease the size of the device, increase the functionality, reliability, and efficiency with regard to energy consumption, and these developments have solidified the growth trends of the PCB market.

Market Restraints and Challenges:

The market of the Printed Circuit Board (PCB) has significant restraints and challenges that may act as a barrier to its growth. The variability of prices of raw materials, especially of copper, laminates, and specialty chemicals, poses a great uncertainty in the cost of production and squeezes profit margins, which influence the ability of manufacturers to keep production costs and schedules steady. Meanwhile, the growing sophistication of advanced PCB production, including high-density interconnect (HDI), flexible, and multilayer PCBs, requires extremely specialized equipment, labour, and high levels of quality control, and the producers cannot easily scale their production as they strive to achieve the growing customer demands of miniaturization and performance. All these forces highlight the technical and economic challenges that the PCB industry has to manage to continue growing.

Market Opportunities:

The market of the Printed Circuit Board (PCB) is experiencing promising opportunities due to the rapid progress of electric vehicles (EVs) and autopilot technologies that require high-quality PCBs in their power management, battery systems, and the imprinting of sophisticated sensors. At the same time, the deployment of 5G networks and the uncontrolled proliferation of Internet of Things (IoT) devices are developing a powerful demand for small-sized, multiple-layer, and high-frequency PCBs. Manufacturers having the ability to provide innovative miniaturized and high-reliability solutions in these new applications have a high chance of capturing a large market share and spearheading growth in this vibrant sector.

PRINTED CIRCUIT BOARD (PCB) MARKET COVERAGE:

Printed Circuit Board (PCB) Market Segmentation:

Printed Circuit Board (PCB) Market Segmentation by Type:

• Single-Sided PCBs
• Double-Sided PCBs
• Multilayer PCBs
• High-Density Interconnect (HDI) PCBs

The Printed Circuit Board (PCB) market is dominated by multilayer PCBs that have the highest share in the market because they are in a position to accommodate complex circuits in small electrical appliances. This is because these boards provide several circuits of circuit boards, thus allowing them to be more functional, perform better with a higher level of reliability, which is essential in the field of automotive electronics, telecommunications, and consumer electronics. Multilayer PCBs are further reinforced by the extensive use of smartphones, laptops, and highly industrialized machines, where the manufacturers are more concerned with miniaturization without reducing performance.

HDI PCBs are the fastest expanding sub-sector of the market. The design of HDI boards has an increased fineness of lines, reduced vias, and increased density of the wiring, which is tailored to the growing needs of miniaturized and high-performance electronics, including 5G devices, wearables, and high-performance medical equipment. The increased development of HDI PCBs is necessitated by the desire to have high signal integrity, high-speed data transfer, and compact designs, and this subsegment is one of the major concerns of manufacturers that strive to satisfy the demands of next-generation electronics.

Printed Circuit Board (PCB) Market Segmentation by Application:

• Consumer Electronics
• Automotive Electronics
• Industrial Electronics
• Healthcare Devices

Printed Circuit Board (PCB) market ranks the largest application market, being the Consumer Electronics, due to the increasing demand for smartphones, tablets, laptops, and wearable devices. The expansion of the interconnected machine, fast computing, and multimedia demands high-tech PCBs that can accommodate smaller designs and performance features. The swift technological growth, alongside the growing dependency of consumers on intelligent devices, has also solidified this segment as the leading generator of the PCB demand across the world.

The fastest-growing application segment of the PCB market is Automotive Electronics, with the popularity of electric vehicles (EVs), electric cars, automated driver-assistance systems (ADAS), and infotainment solutions. The trend towards the electrification of vehicles and intelligent car technologies needs highly dense and multilayer PCBs to handle complicated circuitry, power delivery, and information processing. The development is also expedited due to the efforts of the governments to encourage EV usage and the growing number of IoT and AI technologies integrated into contemporary automobiles.

Printed Circuit Board (PCB) Market Segmentation: Regional Analysis:

• Asia-Pacific
• North America
• Europe
• Latin America
• Middle East and Africa

The Asia-Pacific market has the highest market share of PCBs because there are large electronics manufacturing centres in the region, such as China, Japan, and South Korea. The region has advantageous supply chains, large-scale production facilities, and industrial infrastructure for consumer electronics, automotive electronics, and telecommunication devices. The export scheme of electronics by the government, along with the increasing use of smart gadgets and the Internet of Things, solidifies the leadership role of Asia-Pacific in the manufacturing and consumption of PCBs.

The PCB market in North America is the world's fastest-growing, as demand in high-tech electronics is growing in aerospace, defense, and automobile industries, as well as in medical equipment. The future is in high-density interconnect (HDI) boards, flexible PCBs, and multilayer designs, which are remarkably growing. Firm investments in R&D, technological innovation, and smart manufacturing projects, as well as the rising trend of onshore electronics production, are driving the growth of the market in the region at a great pace that has shown considerable potential for PCB manufacturers.

Printed Circuit Board (PCB) Market COVID-19 Impact Analysis:

The COVID-19 pandemic affected the global supply chain, which affected the manufacture and distribution of PCBs. Most manufacturers experienced delays in the supply of raw materials, manpower shortages, and transport limitations, which slowed down production. Nevertheless, the pandemic further stimulated the utilization of digital technologies, and more people need remote working options, health devices, and online services, which presuppose the usage of PCBs. The influx in demand for telecommunications equipment, medical equipment, and home automation products contributed to the mitigation of some of the adverse effects of the pandemic on the PCB market. With the revival of the economies and re-emergence of industrial production, the PCB market is set to pick up pace with the continuous technological improvement and the increased demand for electronics in many fields.

Latest Market News:

• In September 2025, Syrma Group announced plans to establish India's largest PCB manufacturing facility in Andhra Pradesh. This ₹1,593 crore investment is expected to generate approximately 2,100 jobs, marking a significant advancement in India's electronics manufacturing sector.
• In February 2023, APCT completed its acquisition and merger with Advanced Circuits, Inc. (ACI). This strategic move combined APCT's expertise in advanced technology PCBs with ACI's capabilities in small-run, quick-turn, and low-volume production, including multi-layer rigid and high-density interconnect (HDI) products. The merger aimed to enhance APCT's position in the PCB industry.
   
• In October 2024, DuPont and Zhen Ding Technology Group entered into a strategic cooperation agreement to advance high-end PCB technology development. The partnership focuses on enhancing end-user applications, advancing research and development, improving material performance, and promoting sustainable development in the electronics sector.
   
• In April 2025, Siemens announced the acquisition of Downstream Technologies, a provider of PCB design and manufacturing software. The acquisition, finalized on April 7, 2025, strengthens Siemens' PCB design portfolio, enabling the company to offer more comprehensive solutions in the PCB manufacturing process.

Latest Trends and Developments:

The PCB market finds itself amid several major changes that include the escalating use of flexible PCBs, progression in PCB fabrication methods, and the inflow of miniaturized electronic gadgets. The use of flexible PCBs is steadily growing in the sectors of wearable electronics, medical devices, and automotive applications, where the main concern is the limited space and the need for durability. New technologies like 3D printing and the use of special materials result in higher accuracy and lower costs in PCB manufacturing. Moreover, the gradual but steady move towards 5G requires PCBs that are capable of handling very high frequencies and that allow very fast data transmissions. The progression of electronic devices towards smaller sizes, higher speeds, and greater complexities inevitably results in the need for high-performance PCBs to increase.

Key Players in the Market:

1. Nippon Mektron, Ltd.
2. Zhen Ding Technology Holding Limited
3. TTM Technologies, Inc.
4. Samsung Electro-Mechanics
5. Unimicron Technology Corporation
6. Shennan Circuits Co., Ltd.
7. AT&S Austria Technologie & System Technik AG