Increased rate of technology change in the Printed Circuit Board (PCB) Market is due to the augmented growth in the electronics industry. Demand for the enhanced electronic products had resulted in new technologies in PCB segment, such as Multilayer PCB, High Density Interconnection (HDI) and flexible PCBs. Proliferation of smart phones and digital control in the various applications such as defense, aerospace, automotive and medical industries fueled in the growth of PCB market.
North America’s PCB market is considered as a diverse market. Manufacturers in North America tend to come up with new technologies every time because of heavy demand in the products that use Wireless data. Access to high speed wireless data has become mandatory in various industries including, Mobile networks, Defense applications and many more. Thus high frequency PCB has been evolved to address increased functionality, higher power levels and reduced solution cost. More Advanced PCBs sold in the North America are mostly used in high-end and low volume applications.
Smartphones market is projected to reach $407 billion in North America by the end of 2015 and it is growing at a CAGR of 25%. Tablets market is also increasing steadily, but is estimated to decrease by 8% and reach $62 billion by 2015. Every market apart from smart phones is decreasing. Smart phones market is in huge demand due to the evolution of 4G LTE and slim, portable devices handsets. Overall urge for the small size and flexible electronic products have led in the expansion of PCB market by developing flexible PCBs and rigid-flex PCBs.
It is anticipated that long-term growth of PCB market in North America might stay constant or decrease because the dominant customers of PCB market are changing continuously. Growth of electronic manufacturing and original design manufacturing (ODM) has been increasing in Asia Pacific because of low manufacturing cost. China PCB market is expected to grow because of the developing opportunities in the telecommunication industry.
Printed Circuit Board Market & Recyclable PCB Market Analysis and Forecast (2011 – 2018): By Segment (Recycling, Remanufacturing & Reconditioning); Components (Capacitors, Diodes, IC’s, Resistors & Others); Materials, Applications & Geography
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