The Global PCB Market is estimated to hit $70 billion by 2024

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The Global PCB Market is estimated to hit $70 billion by 2024

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APAC is the dominating market for global PCB market and is estimated to grow at a rate of 36.87% to reach 6.4 billion by 2024 owing to the increasing penetration of smartphones and tablets across the region. In Asia-Pacific, South Korea has become an international hub for electronics industry. The companies here are slowly overtaking the electronics market from Japan. The is followed by China which has served as the greatest emerging nation for printed circuit board manufacturing due to low waged labor and cheap production facilities. Taiwan is known for some of the largest PCB manufacturers across the world which have majority market share in PCB manufacturing. The PCB market will continue flourishing in East Asia due to the government support to become the world leader in global electronics industry. On the other side, North America is growing with a highest CAGR of 44.98% followed by Europe, during the forecast period. – PowerPoint PPT presentation

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Title: The Global PCB Market is estimated to hit $70 billion by 2024


1
The Global PCB Market is estimated to hit 70
billion by 2024
2
APAC is the dominating market for global PCB
market and is estimated to grow at a rate of
36.87 to reach 6.4 billion by 2024 owing to the
increasing penetration of smartphones and tablets
across the region. In Asia-Pacific, South Korea
has become an international hub for electronics
industry. The companies here are slowly
overtaking the electronics market from Japan. The
is followed by China which has served as the
greatest emerging nation for printed circuit
board manufacturing due to low waged labor and
cheap production facilities. Taiwan is known for
some of the largest PCB manufacturers across the
world which have majority market share in PCB
manufacturing.
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3
Selected Analysis done in the full Report
  • Standard multilayer PCB holds the largest share
    and continue its dominance in the global PCB
    market and projected to reach about 1.27 billion
    by the end of 2024. These boards are gaining huge
    demand owing to the need for smaller and lighter
    boards for use in electrical devices, military
    equipment, healthcare miniaturization, and other
    industry verticals.
  • The market is all set to exhibit robust
    development with a broad range of applications in
    various industry verticals which include
    aerospace defense, automotive, consumer
    electronics, industrial electronics, and many
    others. Industrial electronics is projected to
    continue its dominance in the global PCB market
    owing to large number of customers with an
    extremely wide range of technological
    requirements and projected to reach about 28.31
    billion by the end of 2024, while healthcare
    pharmaceutical sector is estimated to witness
    significant growth rate of CAGR 3.8 during
    2018-2024.

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4
Excerpts on Market Growth Factors Mentioned in
the Full Report
Massive growth in electronics industry owing to
the economic liberalization, simplifying
licensing and foreign investment policies will
surely propel growth of the market.   Rising
demand for advanced smart devices across various
consumer electronics coupled with growing
automation in the industries will result for the
growth of the market during the forecast period.

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5
Key Players of the PCB Market
  • Nippon Mektron (NOK)
  • TTM Technologies
  • Young Poong Corporation
  • Sumitomo Electric Industries
  • Samsung Electronics

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6
You Can Customize the Report as Per Your Need. We
have included Some Customization Options
Company Profile
Analyst Briefing
Data Tables
Key Contacts
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7
About IndustryARC
IndustryARC is a research and consulting firm
that publishes more than 500 reports annually in
various industries, such as Agriculture,
Automotive, Automation Instrumentation,
Chemicals and Materials, Energy and Power,
Electronics, Food Beverages, Information
Technology, Life sciences Healthcare. IndustryA
RC primarily focuses on Cutting Edge Technologies
and Newer Applications of the Market. Our Custom
Research Services are designed to provide
insights on the constant flux in the global
demand-supply gap of markets. Our strong analyst
team enables us to meet the client research needs
at a very quick speed with a variety of options
for your business.
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