Printed Circuit Board PCB Market

Printed Circuit Board Market Size

The global printed circuit board market was valued at USD 80.2 billion in 2025. The market is expected to grow from USD 83.6 billion in 2026 to USD 137.8 billion in 2035, at a CAGR of 5.7% during the forecast period according to the latest report published by Global Market Insights Inc.

Factors contributing to printed circuit board market growth include increased consumer electronics demand, the automotive industry's growth (EV & ADAS capabilities), increased adoption of 5G and telecommunications infrastructure, & increased use of PCBs in industrial automation/smart manufacturing. Additionally, the trend towards smaller products, High-Density Interconnect (HDI) designs, & Flexible Printed Circuit Board Technology has driven adoption across various sectors including automotive, industrial, medical, & telecommunications. For example, Samsung Electronics utilizes advanced PCB technology in the Galaxy Smartphone series and wearables, which enables high-speed performance and effectively manages power consumption. Those advantages generate increased volume sales and increased potential for repeat orders from electronics, automotive, and industrial sectors for PCBs.

Automotive and Electric Vehicle electronic systems incorporate PCBs in functions such as battery management systems, infotainment systems, and in safety electronic devices, such as ADAS. By utilizing high reliability PCB materials, Automotive OEMs are capable of satisfying high-compliance standards required for automobiles and creating safer and more efficient vehicles. For example, both Bosch and Continental are using multilayer and automotive-grade PCB designs to create power modules and control units for Electric Vehicles. As vehicles become more connected and autonomous in nature, the increasing reliance on PCBs for critical electronic functions will only strengthen market growth and create demand for manufacturers of high-quality, scalable PCB solutions among OEMs and Tier I Manufacturers.

Between 2022 and 2024, the printed circuit board market witnessed significant growth, rising from USD 71.4 billion in 2022 to USD 77 billion in 2024. A major trend during this period was the surge in industrial automation, smart manufacturing, and 5G infrastructure deployments, which required high-density, multilayer, and high-frequency PCBs. For instance, Siemens integrates precision PCBs into robotics, programmable logic controllers (PLCs), and factory control solutions, enabling connected production lines and predictive maintenance. Investments in manufacturing capabilities and R&D by PCB suppliers further supported innovation, higher production volumes, and adoption across end-use industries.

PCBs are crucial elements that connect and support electronic circuits to provide stable function for complicated systems across several different categories from consumer electronics to automobile manufacturing to telecommunications, and automation for industrial applications, as well as newer industries such as renewable energy, medical devices, and aerospace. PCBs provide miniaturized and high-performing layouts that allow compact designs, better signal integrity, and enhanced performance of systems. Companies continue improving PCBs with new material; high density interconnects (HDIs) for scalable production and multilayer constructions are also growing significantly helping speed up the growth of the markets of PCBs across all types of industry and everywhere on the globe.

Printed Circuit Board Market Trends

• A major trend shaping the market is the rising demand for high-density interconnect (HDI) and multi-layer PCBs in advanced consumer electronics, IoT devices, and wearable gadgets. These PCBs support miniaturized circuits, higher signal integrity, and faster data transmission, making them essential for smartphones, tablets, and smart home devices.
  
• The expansion of automotive electronics and electric vehicles (EVs) is driving another key trend. PCBs are increasingly being used in power management modules, battery control systems, infotainment, and advanced driver-assistance systems (ADAS). For instance, TTM Technologies highlights its automotive PCB solutions that support high-voltage EV components, underscoring the trend of PCBs becoming central to next-generation electric mobility systems.
  
• Growing adoption in 5G infrastructure and telecommunications is also influencing market trends. PCBs for 5G base stations, antennas, and network equipment require higher frequency handling, low loss materials, and precise manufacturing tolerances. This trend supports faster data speeds, reduced latency, and increased network reliability, reinforcing the importance of specialized PCBs in global connectivity expansion.
  
• Industrial automation and smart manufacturing applications are increasingly relying on PCBs for robotics, sensors, programmable logic controllers (PLCs), and smart machinery. For instance, Nippon Mektron provides PCBs for industrial automation equipment, reflecting the shift toward connected production lines, predictive maintenance, and real-time monitoring in Industry 4.0 environments.
  
• Advancements in flexible and rigid-flex PCBs are enabling innovative device designs and compact form factors. These PCBs support bendable, foldable, and space-constrained electronics used in medical devices, consumer electronics, and aerospace applications. The trend is helping manufacturers integrate more complex functionality into smaller devices, enhancing design flexibility, energy efficiency, and overall performance.
  
• Another evolving trend is the integration of PCBs with embedded components, including sensors, microcontrollers, and RF modules, to create highly integrated system-on-board (SoB) solutions. This reduces assembly complexity, improves signal integrity, and supports faster time-to-market for electronics across multiple sectors.
  
• The printed circuit board market is also witnessing increased R&D in environmentally friendly and lead-free PCB materials, high thermal resistance laminates, and advanced manufacturing processes. Companies are focusing on sustainability, reliability under extreme conditions, and high-frequency performance, signaling that PCBs are becoming a critical foundation for next-generation electronics, EVs, 5G infrastructure, and industrial automation.
  
  

Printed Circuit Board Market Analysis

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The market was valued at USD 71.4 billion and USD 74.1 billion in 2022 and 2023, respectively. The market size reached USD 80.2 billion in 2025, growing from USD 77 billion in 2024.

Based on the PCB structure, the global printed circuit board market is divided into rigid PCB, flexible PCB, rigid-flex PCB. The rigid PCBs segment accounted for the largest market size, 49.7 billion in 2025.

• Rigid PCBs held a dominant market share due to their extensive use across consumer electronics, automotive, industrial, and telecom applications.
  
• Rigid PCBs are preferred for their structural stability, cost-effectiveness, and suitability for high-volume manufacturing.
  
• Their widespread adoption is supported by mature manufacturing ecosystems, standardized designs, and strong demand from smartphones, computers, and household electronics.
  
• Despite increasing innovation in advanced PCB types, rigid PCBs continue to form the backbone of the PCB market due to reliability and scalability.
  

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Based on end use, the global printed circuit board market is segmented into consumer electronics, automotive, telecommunications, industrial electronics, medical devices, aerospace & defense, computing & data centers, and others. The consumer electronics segment dominated the market in 2025 with a revenue of USD 16.6 billion.

• Consumer electronics dominated the PCB market due to large-scale production of smartphones, laptops, tablets, televisions, and wearable devices. High product replacement cycles, continuous feature upgrades, and mass-market demand drive sustained PCB consumption.
  
• The Consumer electronics benefits from standardized PCB designs, high-volume manufacturing, and strong OEM–EMS ecosystems, particularly in Asia-Pacific. Ongoing innovation in compact, multifunctional devices continue to support steady demand for PCBs in consumer electronics.
  
• The automotive segment is the fastest-growing and is expected to register the highest CAGR of 7.6% during the forecast period. Growth is driven by increasing electronic content per vehicle, including ADAS, infotainment, powertrain electrification, and battery management systems.
  
• The shift toward electric and autonomous vehicles is accelerating demand for advanced, high-reliability PCBs. Stricter safety regulations and rising adoption of connected vehicle technologies are further fueling PCB growth in automotive electronics.
  

Based on type, the global printed circuit board market is segmented into single-sided PCB, double-sided PCB, multilayer PCB, and high-layer-count PCB. The multilayer PCB segment dominated the market in 2025 with a revenue of USD 30.5 billion.

• Multilayer PCB dominated the market due to their widespread adoption in consumer electronics, automotive systems, industrial equipment, and telecommunications. These PCBs offer an optimal balance between circuit density, performance, and cost, making them suitable for mass-market applications.
  
• Their ability to support compact designs with improved electrical performance has reinforced demand across smartphones, laptops, and networking equipment. Well-established manufacturing processes and high production scalability continue to support the dominance of multilayer PCB.
  
• The high-layer-count PCB segment is the fastest-growing and is expected to register the highest CAGR 10.5% during the forecast period. Growth is driven by increasing complexity of electronic systems in data centers, 5G infrastructure, aerospace, and advanced automotive electronics.
  
• High-layer-count PCB enable superior signal integrity, power management, and thermal performance for high-speed and high-frequency applications. Rising demand for advanced computing, AI hardware, and next-generation communication technologies are accelerating innovation in this segment.
  

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The North America printed circuit board market dominated the global PCB market with a significant share of 28.5% in 2025.

• A favorable industrial environment, strong investment in electronics manufacturing, advanced technological infrastructure, and robust R&D ecosystem are key factors driving regional market growth.
  
• North America, particularly the U.S., has a well-established electronics R&D ecosystem. It hosts leading academic institutions, research centers, and PCB manufacturers that actively contribute to advancements in high-density, flexible, and multi-layer PCB technologies. This ecosystem fosters innovation, attracts investment, and drives the development of next-generation PCBs.
  
• Furthermore, growing demand from sectors such as automotive electronics, telecommunications, industrial automation, and consumer electronics has created substantial need for advanced PCB solutions.
  
• Additionally, supportive government policies and incentives for electronics manufacturing further fuel market growth.
  

The U.S. printed circuit board market was valued at USD 15.3 billion and USD 16.1 billion in 2022 and 2023, respectively. The market size reached USD 18 billion in 2025, growing from USD 17 billion in 2024.

• The U.S. continues to lead the PCB market, supported by its advanced electronics manufacturing ecosystem, strong R&D capabilities, and favorable industrial policies.
  
• The country hosts several leading PCB manufacturers and benefits from a robust pipeline of high-density, flexible, and multi-layer PCB technologies.
  
• Additionally, the presence of top-tier research institutions and extensive innovation in electronics design further accelerates the development and adoption of advanced PCBs.
  

The Europe printed circuit board market accounted for USD 16.6 billion in 2025 and is expected to witness strong growth over the forecast period.

• Europe holds a significant share of the global PCB market, supported by advanced electronics manufacturing infrastructure, increasing government initiatives, and rising investments in high-tech electronics development.
  
• The region benefits from a collaborative ecosystem of academic institutions, research organizations, and PCB manufacturers, which accelerates innovation and adoption of advanced PCB technologies.
  

Germany printed circuit board market dominates the Europe market, showcasing strong growth potential.

• Within Europe, Germany holds a substantial share of the PCB market, supported by its advanced manufacturing infrastructure, strong industrial base, and favorable government initiatives.
  
• The country’s focus on high-tech electronics, automotive systems, and industrial automation has created a dynamic environment for PCB development and commercialization.
  
• Furthermore, Germany’s robust industrial ecosystem and high technology adoption rates facilitate the deployment of advanced PCB solutions.
  

The Asia Pacific printed circuit board market is expected to grow at the highest CAGR of 6.1% during the analysis period.

• The region is witnessing rapid PCB market expansion, driven by increasing electronics manufacturing, rising demand from automotive, industrial, and consumer electronics, and greater adoption of advanced PCB technologies.
  
• Governments are supporting high-tech electronics and industrial automation through infrastructure development, funding initiatives, and international collaborations.
  
• Furthermore, the large manufacturing base, growing technology adoption, and presence of local PCB manufacturers are fueling demand for advanced, high-density, and flexible PCBs.
  

China printed circuit board market is estimated to grow significantly within the Asia Pacific region.

• China leads the Asia Pacific PCB market, driven by substantial investment in electronics R&D, supportive industrial policies, and rapid expansion of manufacturing capabilities.
  
• The Chinese government prioritizes advanced electronics, smart manufacturing, and industrial automation, providing funding and regulatory support to foster growth.
  
• With strong production capacity, expanding infrastructure, and rising domestic and export demand, China is at the forefront of PCB market growth in the region.
  

Brazil printed circuit board market leads the Latin American market, showing strong growth during the analysis period.

• Brazil is emerging as a key growth center in the region, driven by expanding electronics manufacturing, rising automotive production, and growing industrial automation.
  
• The country’s large industrial base and increasing adoption of advanced electronic systems are generating strong demand for high-performance PCBs.
  
• Additionally, supportive government policies and public-private initiatives are encouraging local PCB production and technology development.
  

South Africa printed circuit board market is expected to witness substantial growth in the Middle East and Africa market during the forecast period.

• The country shows significant potential, driven by expanding industrial automation, electronics manufacturing, and adoption of smart technologies.
  
• South Africa hosts several prominent electronics manufacturers and is seeing increasing demand for high-density, flexible, and multi-layer PCBs.
  
• Government initiatives, infrastructure development, and collaborations with global PCB technology providers are expected to further accelerate market growth in the region.
  
  

Printed Circuit Board Market Share

The competitive landscape of the global market is marked by intense competition, continuous technological innovation, and strategic collaborations among leading manufacturers. Top players such as TTM Technologies, AT&S, Unimicron, Ibiden, and Nippon Mektron hold a combined market share of approximately 7.92% in the global PCB market. These companies invest heavily in R&D to enhance product performance, support high-density and high-frequency designs, and expand into emerging applications such as automotive electronics, 5G infrastructure, and industrial IoT.

The market also witnesses mergers, acquisitions, and strategic partnerships aimed at broadening geographic presence, improving manufacturing capabilities, and accelerating the adoption of advanced PCB technologies. Smaller and specialized PCB manufacturers contribute by focusing on niche segments such as high-layer-count, heavy-copper, and flexible PCBs, fostering innovation and differentiation. This dynamic environment drives overall market growth and continuous evolution across consumer, automotive, telecom, and industrial sectors.

Printed Circuit Board Market Companies

Prominent players operating in the printed circuit board industry are as mentioned below:

• AT&S
• Benchmark Electronics
• Cirexx
• Compeq Manufacturing
• Daeduck Electronics
• Epec
• Flex
• Ibiden
• Jabil
• Meiko Electronics
• Nippon Mektron
• Samsung Electro-Mechanics
• Sanmina
• Schweizer Electronic
• Sheldahl (Multek / Flex subsidiary)
• TTM Technologies
• Tripod Technology
• Unimicron
  
  
• TTM Technologies

TTM Technologies is a leading player in the printed circuit board market with a dominant market share of ~2.75%. The company specializes in high-performance printed circuit boards for automotive, aerospace, industrial, and telecommunications applications. Its strong global manufacturing footprint and focus on innovation in HDI and flexible PCBs have positioned it as a front-runner in advanced PCB solutions.

• AT&S

AT&S holds a significant share of ~1.13% in the global PCB market and is known for high-end, multilayer PCBs used in smartphones, automotive electronics, and industrial applications. The company’s emphasis on R&D, cutting-edge manufacturing capabilities, and partnerships with global electronics brands drives its competitive advantage in advanced and high-density PCB technologies.

• Unimicron

Unimicron commands a market share of ~2.38% and is recognized for its expertise in high-volume, high-quality PCB manufacturing. The company focuses on HDI, multilayer, and flexible PCBs for consumer electronics, communication devices, and automotive applications. Its robust production capacity and strong relationships with leading global OEMs reinforce its position as a major player in the PCB market.

Printed Circuit Board Industry News

• In October 2025, Taiwanese PCB manufacturer Allied Circuit (ACCL), a subsidiary of Compal Electronics, partnered with Japanese firm Meiko to establish a high-layer-count (HLC) PCB production line in Vietnam. The plant is planning to begin commercial operations soon and aims to cater to the growing demand for AI server applications. The joint venture reflects a strategic shift by Taiwan PCB makers to expand production outside China and serve emerging high-performance computing markets.
  
• In July 2025, TTM Technologies announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin for PCB manufacturing site. These investments aimed to expand TTM’s advanced technology PCB production, supporting high-volume U.S. manufacturing and supply chain diversification in Southeast Asia.
  
• In October 2024, TTM Technologies announced the expansion of its Dewitt, New York PCB facility with a $130 million investment, supported by a $30 million award from the U.S. Department of Defense. The 214,000-square-foot plant aimed to produce ultra-high-density interconnect PCBs and advanced chip packaging for the military and semiconductor industry, creating 400 jobs. The expansion was intended to strengthen domestic supply chain resilience and support advanced technology production nationwide.
  

The printed circuit board market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Billion volume in units from 2022-2035 for the following segments:

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Market, By PCB Structure

• Rigid PCB
• Flexible PCB (FPC)
• Rigid-flex PCB

Market, By Type

• Single-sided PCB
• Double-sided PCB
• Multilayer PCB
• High-layer-count PCB

Market, By Substrate

• FR-4 (Glass Epoxy)
• Metal-core
• Polyimide
• PTFE
• Ceramic substrate
• Others

Market, By End Use Industry

• Consumer electronics
• Automotive
• Telecommunications
• Industrial electronics
• Medical devices
• Aerospace & defense
• Computing & data centers
• Others 

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE