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Home Artificial Intelligence

With growing adoption of smart electronics, industrial automation, and next-generation communication networks, the global printed circuit board market is projected to surpass USD 113.16 billion by 2030.

August 15, 2025
in Artificial Intelligence, OpenPR, Web3
Reading Time: 10 mins read
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The global Printed Circuit Board market was valued at more than USD 80.46 Billion in 2024, growing with 5.97% CAGR by 2025-30.

The global Printed Circuit Board market was valued at more than USD 80.46 Billion in 2024, growing with 5.97% CAGR by 2025-30.

The Global Printed Circuit Board (PCB) market has undergone significant transformation, evolving from traditional single-layer boards used in basic electronics to advanced multi-layered and high-density interconnect (HDI) systems supporting next-generation technologies. Initially dominated by consumer electronics and computing devices, the market has expanded into diverse sectors such as automotive electronics, industrial automation, aerospace, medical devices, and telecommunications. The increasing complexity of electronic components, combined with the demand for miniaturization, faster signal transmission, and thermal efficiency, has driven innovation in PCB materials, structures, and manufacturing processes. This includes the rapid adoption of flexible and rigid-flex PCBs, as well as substrate innovations like ceramic, metal-core, and organic laminates designed to handle higher frequencies and harsh operating environments. Strategically, PCB manufacturers are prioritizing automation, design-for-manufacturing (DFM) optimization, and tighter integration with electronic design automation (EDA) tools. There is a clear shift toward building capabilities for quick-turn prototyping, mass customization, and high-mix low-volume production to serve fast-evolving product lifecycles. Sustainability is also becoming central, with increasing emphasis on lead-free processes, chemical recycling, and eco-friendly laminates. Companies are aligning closely with OEMs across end-user industries to support early-stage co-design and ensure compliance with stricter safety and reliability standards. Strategic focus is now on agility, innovation, and sustainability as core pillars to meet the demands of an increasingly digital and connected global economy.

The global PCB market demonstrates a multi-phase adoption lifecycle, with different segments evolving at varied paces. Traditional applications like consumer electronics, desktop computing, and home appliances are in the mature stage, where standard rigid PCBs are commoditized, and price competition is high. According to the research report “Global Printed Circuit Board (PCB) Market Outlook, 2030” published by Bonafide Research, the global market is projected to reach market size of USD 113.16 Billion by 2030 increasing from USD 80.46 Billion in 2024, growing with 5.97% CAGR by 2025-30. In contrast, emerging applications including electric vehicles, advanced driver-assistance systems (ADAS), 5G infrastructure, AI servers, wearables, and advanced medical devices are in the early to growth adoption stages. These sectors demand high-performance PCBs such as HDI, rigid-flex, and IC substrates, driving innovation in materials, design, and manufacturing processes. The increasing need for signal integrity, thermal performance, and compactness has also pushed adoption toward multilayer and embedded component PCBs.In the Base Case Scenario, adoption follows a stable trajectory with consistent demand from industrial automation, moderate penetration of EVs, and gradual rollout of 5G. Manufacturers continue to invest in automation and yield optimization, while pricing remains under pressure from commoditized applications. In the Best Case Scenario, the market benefits from strong policy incentives for electronics manufacturing, accelerated digitalization, and surging demand for advanced electronic systems across automotive and telecom sectors. This environment encourages faster migration to complex PCB designs, greater vertical integration, and higher R&D investment, with pricing stability due to differentiated value. In the Worst Case Scenario, the market is challenged by prolonged supply chain disruptions (e.g., copper foil or laminate shortages), tightening environmental regulations, and delayed rollouts of key technologies. OEMs may defer high-complexity designs in favor of cost-effective alternatives, while producers face margin erosion due to raw material inflation and underutilized capacity.

For more insights: https://www.bonafideresearch.com/product/250249301/global-printed-circuit-board-market

The global PCB market is regionally concentrated, with significant disparities in manufacturing capacity, technological capabilities, and consumption trends. Asia-Pacific remains the dominant production hub, led by China, which accounts for the majority of global PCB output due to its established supply chains, large-scale manufacturing infrastructure, and access to low-cost labor. Chinese PCB manufacturers have advanced from low-end production to more complex designs, including HDI, multilayer, and IC substrate boards. South Korea, Japan, and Taiwan are also major contributors, particularly in the high-tech segment supporting the production of semiconductors, smartphones, and consumer electronics. Japan and South Korea focus on high-reliability PCBs for automotive, medical, and aerospace applications, while Taiwan plays a critical role in HDI and high-frequency boards used in AI and 5G devices. In North America, PCB manufacturing has declined over the past two decades due to offshoring but is now seeing a modest resurgence, particularly in defense, aerospace, and advanced automotive electronics. The U.S. government’s recent emphasis on reshoring and securing domestic semiconductor and electronics supply chains is expected to drive investment in advanced PCB fabrication. Emerging regions, such as India, Vietnam, and Mexico, are gaining traction as alternate manufacturing bases. These countries offer favorable labor costs and are attracting investments amid global efforts to diversify supply chains away from China. Still, these regions still lag in terms of technology maturity, skilled labor availability, and ecosystem depth. In contrast, regions like Africa and parts of Latin America remain largely underdeveloped in both PCB manufacturing and consumption. Challenges include limited infrastructure, insufficient demand, and minimal integration into the global electronics value chain. Future growth in these regions will likely depend on broader industrialization and foreign investment in electronics assembly.

For more insights: https://www.bonafideresearch.com/product/250249302/north-america-printed-circuit-board-market

The global Printed Circuit Board (PCB) market is segmented by type into single-sided, double-sided, multi-layered, and high-density interconnect (HDI) boards, each serving distinct roles based on complexity and performance requirements. Single-sided PCBs are the most basic and cost-effective, used primarily in low-end applications such as LED modules, power supplies, and basic household electronics. Their limited routing capacity makes them suitable only for simple circuits. Double-sided PCBs, which feature conductive layers on both sides, offer improved circuit density and flexibility, making them popular in consumer electronics, industrial automation systems, and power management devices. As electronic devices become more compact and multifunctional, multi-layered PCBs are increasingly in demand due to their ability to accommodate complex circuits in a compact footprint. These are essential in high-performance applications such as data servers, telecom infrastructure, automotive electronics, and medical devices, where signal integrity and miniaturization are critical. At the high end of the spectrum, HDI PCBs offer maximum routing density, supporting high-speed signal transmission and fine-pitch component mounting. These are widely adopted in smartphones, tablets, 5G equipment, and AI-driven hardware. While HDI and multi-layered boards require more advanced manufacturing and carry higher production costs, they represent the fastest-growing segments as demand shifts toward miniaturized, high-performance electronic systems.

For more insights: https://www.bonafideresearch.com/product/250249305/south-america-printed-circuit-board-market

The global PCB market serves a wide array of end-user industries, each with specific performance and design requirements that influence both board type and substrate selection. In industrial electronics, PCBs are widely used in automation equipment, control systems, and power devices, where reliability and mechanical strength are critical making rigid PCBs the preferred choice. In the healthcare sector, the miniaturization of diagnostic devices, wearables, and implant tables has increased the adoption of flexible PCBs, which offer the necessary bendability and precision for compact, curved, or mobile medical applications. The aerospace and defense industry demands highly durable, temperature-resistant PCBs capable of withstanding harsh environments and vibration. Here, rigid and rigid-flex PCBs are used in avionics, navigation, and communication systems where performance and size optimization are paramount. In the rapidly evolving automotive industry, especially with the rise of electric vehicles and ADAS, PCBs are critical in battery management, infotainment, and safety electronics. These applications primarily use rigid multi-layered PCBs, with flexible options gaining ground in space-constrained components. Consumer electronics including smartphones, wearables, and tablets remain major drivers of HDI and flexible PCB demand due to compact designs and multifunctionality. The shift toward high-density, lightweight, and performance-oriented electronics continues to shape substrate innovation across all sectors.

For more insights: https://www.bonafideresearch.com/product/6502493018/canada-printed-circuit-board-market

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Global Printed Circuit Board Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:
Asia-Pacific: (South Korea, China, India, Japan)
North America: (United States, Canada)
Europe: (Germany, France, United Kingdom, Italy)
South America: (Brazil, Argentina)
Middle East & Africa: (UAE, South Africa, Saudi Arabia)

For more insights: https://www.bonafideresearch.com/product/6502493004/china-printed-circuit-board-market

By Type
• Single Sided
• Double Sided
• Multi-layered
• High Density Interconnect (HDI)
• Others

By End-user Industry
• Industrial Electronics
• Healthcare
• Aerospace and Defense
• Automotive
• Consumer Electronics
• Other End-user Industries

By Substrate
• Rigid
• Flexible
• Rigid-flex

By Material Type
• Glass fabric
• Epoxy resin
• Kraft paper
• Phenolic resin
• Polyimide film

Contact Us:
Steven Thomas – Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 32000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

This release was published on openPR.

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