The global printed circuit board market is projected to reach $ 70 billion by 2024 and grow at an estimated CAGR of 2.5% between 2018 and 2024. Global demand for printed circuit boards is expected to be driven by increasing demand for advanced consumer electronics and smart devices. Growing automation in industry and technologically advanced health devices. China will dominate the global PCB market in 2017 with a share of 41% and is expected to grow with the highest CAGR of 3.2% in the forecast period 2018-2024. Industrial electronics generated the largest sales in the printed circuit board market in 2017 at USD 23.3 billion and is expected to grow at a CAGR of 2.7% over the forecast period.
What is PCB?
The printed circuit board is an electronic circuit used in electronic equipment for mechanical assistance. PCB mechanically supports and transforms electronic components using conductive paths, traces, or signal traces etched from copper sheets laminated to a non-conductive substrate. They are generally made up of metal circuitry, chips, ICs, sockets, cables, and plastic laminates. This is the basic component for most of the electronics in the present scenario. PCBs are found in almost all electronic devices we use on a daily basis including computers, televisions, smartphones, washing machines, coffee makers, ovens and refrigerators, etc.
What are the main uses for printed circuit boards?
The various end-users assessed include automotive, healthcare, industrial electronics, consumer electronics, maritime, aerospace, defense and others. Healthcare PCBs are used in various devices that monitor a person’s health or assist the doctor with surgical procedures. On the other hand, PCB in the pharmaceutical industry for the production of drugs and other drugs at the branch level.
PCBA stands for printed circuit board assemblies and is widely used in the automotive industry. Circuit boards have managed to change the way people drive. GPS navigation system, anti-lock braking system, ECU systems for engine control and various safety functions that all require printed circuit boards. The aerospace and defense industries are a major consumer of printed circuit boards with major application avionics, communications systems, and weapon systems. PCB forms the necessary basis for packaging and interconnection in electronic circuits. PCBs are used in radar signals used in military combat aircraft such as aircraft. B. collision avoidance, detection of the blind spot as well as adaptive and adaptive cruise control system