Designed to make market research more actionable and strategically valuable, The Business Research Company’s 2026 market reports feature market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Big Is The Printed Circuit Board Market In 2026, And How Fast Will It Grow?
The printed circuit board market size has shown significant expansion in recent years. It is forecast to grow from $67.42 billion in 2025 to $70.95 billion in 2026, registering a compound annual growth rate (CAGR) of 5.2%. This historical growth can be attributed to factors such as increased consumer electronics manufacturing, the rising adoption of wired electronic assemblies, the early utilization of simple single-sided PCBs, an enhanced requirement for industrial control electronics, and the development of telecom infrastructure equipment.
The printed circuit board market is projected to experience robust expansion over the coming years. This market is forecast to reach a valuation of $87.39 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.3%. Key drivers for this growth during the forecast period include the increasing demand for high density interconnect boards, the expanding application of PCBs in electric mobility, the development of miniaturized medical electronics, the growing embrace of rigid-flex architectures, and the broadening needs for aerospace-grade PCB specifications. Significant trends anticipated in the same period involve the wider acceptance of multi-layer PCB designs, the increased integration of HDI PCBs in compact electronic devices, the escalating demand for flexible and rigid-flex PCBs, the broadened application of PCBs in advanced automotive electronics, and the heightened necessity for high-performance thermal management PCBs.
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Printed Circuit Board Market Growth Driver: The Key Factor Behind Rising Demand
Higher sales of electric vehicles are projected to boost the expansion of the printed circuit board market during the forecast period. Electric vehicles (EVs) operate either fully or partially on electricity. Printed circuit boards (PCBs) facilitate the connection of electrical components in electric vehicles, including basic audio and display systems. Additionally, PCBs find application in manufacturing charging stations, enabling electric vehicle users to power up their vehicles. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, stated that in 2024, new electric car registrations in China totaled 8.1 million in 2023, marking a 35% rise from 2022. Consequently, the growing uptake of electric vehicles is fueling the demand within the printed circuit board market.
Printed Circuit Board Market Segmentation: Key Segments And Subsegments Covered
The printed circuit board market covered in this report is segmented –
1) By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Other Types
2) By Substrate: Rigid, Flexible, Rigid-Flex
3) By Laminate Type: FR-4, Polyimide, Other Laminate Types
4) By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End Users
Subsegments:
1) By Single Sided: Standard Single-Sided PCBs, Flexible Single-Sided PCBs, Rigid Single-Sided PCBs
2) By Double Sided: Standard Double-Sided PCBs, Flexible Double-Sided PCBs, Rigid Double-Sided PCBs
3) By Multi-Layer: Standard Multi-Layer PCBs (3-10 Layers), High Layer Count Multi-Layer PCBs (More Than 10 Layers), Flexible Multi-Layer PCBs, Rigid Multi-Layer PCBs
4) By High Density Interconnect (HDI): Microvia HDI PCBs, Buried And Blind Via HDI PCBs, Flexible HDI PCBs, Rigid HDI PCBs
5) By Other Types: Flexible PCBs, Rigid-Flex PCBs, Aluminum PCBs, Ceramic PCBs
Printed Circuit Board Market Trends: Key Developments Shaping 2026 And Beyond
Leading companies within the printed circuit board (PCB) market are increasingly integrating advanced technologies, such as AI-driven manufacturing systems, to boost production precision, refine inspection processes, and cut operational expenses. The application of AI in PCB manufacturing involves employing machine-learning algorithms and intelligent automation to optimize design validation, streamline assembly workflows, facilitate real-time defect detection, and thereby enhance overall production efficiency. As an example, in October 2023, Terran Orbital, a US-based aerospace and defense firm, enhanced its PCB manufacturing capabilities by launching two cutting-edge Printed Circuit Board Assembly (PCBA) lines at its Irvine, California facility. This new facility boasts state-of-the-art surface mount technology (SMT) lines and sophisticated inspection systems, which significantly improve the company’s capacity to produce, inspect, and test high-precision PCBAs, ultimately strengthening quality control and facilitating the production of large volumes of highly reliable electronics.
Leading Companies Operating In The Printed Circuit Board Market
Major companies operating in the printed circuit board market are Zhen Ding Technology Holding Limited, Unimicron Technology Corporation, TTM Technologies Inc., NOK Corporation, Tripod Technology Corporation, AT&S Austria Technologie & Systemtechnik AG, Kinwong, Jabil Inc., Suzhou Dongshan Precision Manufacturing Co. Ltd., Shennan Circuits, Sumitomo Corporation, Nippon Mektron Ltd., Compeq Manufacturing Co. Ltd., CMK Corporation, IBIDEN Co. Ltd., Ihara Electronic Industries Co. Ltd., Kyoden Co. Ltd., Genus Electrotech Ltd., Ascent Circuits Pvt. Ltd., Circuit Systems India Ltd., Shogini Technoarts Pvt. Ltd., Elvia PCB, ICAPE Group, Würth Elektronik Group, EverMAX s.r.o., A3 v.o.s., AJ Technology Ltd., AWOS s.r.o., Cemebo s.r.o., EMS-ELECTRA SRL, PCB ELECTRA, DGTronik, Flex Ltd., Rush PCB Inc., Custom Circuit Boards, Journey Circuits Inc., NTI PCB Lab, JHYPCB, Bonam Electronic Projects, Bosco Printed Circuits
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Printed Circuit Board Market Regional Analysis: Largest Region And Key Geographies Covered
Asia-Pacific was the largest region in the printed circuit board market in 2025. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed circuit board market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
