The changing trend of the Asian market and PCB market
o-leading.com o-leading.com 2017-12-07 12:51:50
The global printed circuit board market is expected to reach an estimated USD73.6 billion by 2023 and is forecast to grow at a CAGR of 4.05% from 2017 to 2023. By product, estimated the 4-6 layer PCB type segment to be the largest market segment during the forecast period. Since this PCB type helps to provide higher component density to devices, they are increasingly being used in devices that have embedded capacitors, resistors, and transistors. The market is segmented on the basis type, product, application and material type.This market is an integral part of the mobiles and smartphones market, the recent increase in demand for smart devices will lead to the augmented demand for rigid PCBs during the forecast period. This is a chance for Printed circuit board manufacturer.
Asia Pacific is expected to remain the largest and fastest growing region due to the increasing production of electronic components and devices in this region.The World PCB Production Report shows that more than half the world’s PCBs based on value are now produced in China, but Taiwanese companies are the leading Printed Circuit Board PCB Manufacturing Company, fabricating most of their PCBs off-shore. India emerged as having the fastest-growing PCB industry in Asia and has joined the top 10 PCB-producing countries in the world as of 2016.
Developed by a team of the world’s leading PCB industry analysts, the World PCB Production Report is the definitive source of PCB production data. It includes estimates of the value of PCB production in eight product categories in each of the world’s major PCB-producing countries and regions.The report also contains commentary on regional industry trends and historical data on PCB production worldwide, as well as a special report on high-speed data communications