Printed Circuit Board (PCB) Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Demand for Internet of Things (IoT) Devices to Boost the Market Growth

 

The printed circuit board (PCB) market and it is poised to grow by USD 10.85 billion during 2020-2024, at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

·         At what rate is the market projected to grow?

·         Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 10.85 billion during the forecast period.

·         Who are the top players in the market?

·         Compeq Manufacturing Co. Ltd., Ibiden Co. Ltd., Korea Zinc Co. Ltd. , NOK Corp., Samsung Electronics Co. Ltd., Sumitomo Electric Industries Ltd., Tripod Technology Corp., TTM Technologies Inc., Unimicron Technology Corp., and Zhen Ding Technology Holding Ltd. are some of the major market participants.

·         What are the key market drivers and challenges?

·         Demand for Internet of Things (IoT) devices and advent of high-density interconnect (HDI) technology are the major factors driving the market. However, the changing market dynamics due to US-China trade war restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Compeq Manufacturing Co. Ltd., Ibiden Co. Ltd., Korea Zinc Co. Ltd. , NOK Corp., Samsung Electronics Co. Ltd., Sumitomo Electric Industries Ltd., Tripod Technology Corp., TTM Technologies Inc., Unimicron Technology Corp., and Zhen Ding Technology Holding Ltd. are some of the major market participants. The demand for Internet of Things (IoT) devices will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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

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

·         Product

o    4-6 Low

o    Substrates

o    1-2 Sided

o    Flexible

o    Others

·         Geography

o    APAC

o    North America

o    Europe

o    MEA

o    South America

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

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

·         Printed Circuit Board (PCB) Market Size

·         Printed Circuit Board (PCB) Market Trends

·         Printed Circuit Board (PCB) Market Analysis

This study identifies 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.

 

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