Global PCB Market to Grow by $26.8 Billion from 2025-2029 at a CAGR of 6.2%

The global printed circuit board (PCB) market is expected to grow by $26.8 billion from 2025-2029, with a CAGR of over 6.2%. The market is driven by rising adoption of smartphones and increasing inclination towards flexibility and industry automation. Key players include APCT, China Circuit Technology Shantou Corp., and Compeq Manufacturing Co. Ltd. However, environmental concerns regarding PCBs pose a challenge to market growth.

The global printed circuit board (PCB) market is witnessing significant growth, driven by the increasing adoption of smartphones and the rising trend of flexibility and industry automation [1]. According to Technavio's market research report, the market is expected to grow by $26.8 billion from 2025 to 2029, with a compound annual growth rate (CAGR) of over 6.2% [1].

The widespread use of smartphones is one of the primary factors driving the growth of the PCB market. The demand for these devices is increasing rapidly, fueling innovation and expansion in various industries, including telecommunications and consumer electronics [1]. In the automotive sector, the increasing reliance on active electronic components is boosting demand for PCBs [1].

Moreover, the growing adoption of digital integrated circuits (ICs) and Internet of Things (IoT) devices is fueling market growth [1]. The ubiquity of smartphones is spurring new developments and applications, creating opportunities for PCB manufacturers to innovate and expand [1]. In the automotive industry, the reliance on advanced electronics is leading to new opportunities for PCB manufacturers [1]. Simultaneously, the increasing adoption of IoT devices in various applications, such as smart homes, healthcare, and transportation, is further propelling market growth [1].

However, environmental concerns regarding PCBs pose a challenge to market growth. PCBs contain hazardous chemicals, such as lead and cadmium, which can have adverse effects on the environment and human health [2]. As a result, there is a growing demand for eco-friendly alternatives to traditional PCBs [2].

Despite these challenges, the PCB industry is expected to continue growing as technology advances and new applications emerge [1]. Companies that can adapt to these trends and provide high-quality, reliable PCBs will be well-positioned to succeed in this dynamic market [1]. Some of the key players in the global PCB market include APCT, China Circuit Technology Shantou Corp., and Compeq Manufacturing Co. Ltd. [1].

References:
[1] Technavio. Printed Circuit Board (PCB) Market by End-user, Type, and Geography - Global Forecast and Analysis. https://www.technavio.com/report/printed-circuit-board-pcb-market-industry-analysis
[2] European Parliament and Council. Directive 2002/95/EC of the European Parliament and of the Council of 27 January 2003 on the restriction of the use of certain hazardous substances in electrical and electronic equipment and in components thereof. https://op.europa.eu/en/publication/-/publication/2002/01/EN/02002012EN.pdf