From:sochi
Introduction
The Printed Circuit Board (PCB) industry has been around for the past few decades. The PCB industry is responsible for making the backbone of all the electronics devices we use today. This industry has grown exponentially over the years, especially with the increase in demand for electronic devices. In this article, we will take a look at the current state of the PCB industry and the future outlook.
Current State of the PCB Industry
The PCB industry has been growing at a steady pace with the increase in demand for electronic devices. According to a market research report by Mordor Intelligence, the global PCB market size was valued at USD 61.7 billion in 2020, and it is expected to reach USD 79.2 billion by 2026, at a CAGR of 4.2% during the forecast period (2021 – 2026).
The PCB market is also witnessing a shift from the traditional rigid PCB to flexible and other advanced PCBs. Advancements in technology are creating a need to use PCBs that can perform functions such as increased flexibility, higher thermal management, and higher speed of data transfer.
Future Outlook for the PCB Industry
The future of the PCB industry is promising, with advancements in technology driving demand for higher performance and more complex PCBs. However, there are challenges faced by the industry, such as the need to reduce costs, improve time to market, and meet increasing regulatory requirements. To address these challenges, the industry is adopting technology solutions such as automation, artificial intelligence, and the internet of things.
The demand for PCBs is also expected to increase in the automotive industry due to the development of electric vehicles and the increasing need for advanced driver assistance systems (ADAS). According to a market research report by Grandview Research, the global PCB market for automotive applications is expected to grow at a CAGR of 7.8% over the forecast period (2020 – 2027).
Conclusion
In conclusion, the PCB industry has a bright future, with advancements in technology driving demand for more complex and high-performance PCBs. The industry must also address challenges such as reducing costs, improving time to market, and meeting increasing regulatory requirements, by adopting technology solutions such as automation, artificial intelligence, and the internet of things. The automotive industry is also expected to be a key driver of growth for the PCB industry.
