Automotive is the fastest industry in the Global Rigid Printed Circuit Boards Market Today which will continue to grow rapidly till 2025
The global Rigid Printed Circuit Boards market is expected to witness a CAGR of 4.6% during the forecast period to reach revenue of $27.2 billion by 2025. The global market for Rigid PCB will continue to grow due to significant demand from applications spanning various end-use industries such as automotive, healthcare devices, manufacturing, energy and utilities, and aerospace and defense.
Rigid PCB is the most popular type of printed circuit board which is used across a large array of applications. As per this report, Rigid PCB is bifurcated into rigid 1-2-sided and multilayer type. Rigid 1-2-sided printed circuit boards are widely used in electronic devices such as calculators, printers and radios. They are also used in instrumentation, automotive dashboards, traffic control systems and vending machines. Due to the fact that rigid 1-2-sided PCBs incur low manufacturing cost, its usage remains consistent in consumer electronics and automotive industry.
Multilayer is widely used in applications which require higher assembly density as compared to single layer or double layer PCB. Multilayer PCBs are widely used across applications related to computers, communication systems, hand held devices and industrial controls.
Major Applications of Rigid Printed Circuit Boards:
Consumer Electronics: Consumer industry holds the largest revenue share in the global rigid PCB market. Smartphones, smart watches, tablets, TV, stereo set, DVD player, games consoles, microwave and refrigerator are some of the major applications of rigid PCBs in the consumer industry
IT and Telecom: IT and Telecom industry is going through rigorous transformation by implementation of latest technologies. Deployment of 5G will boost the global PCB market. Rigid PCBs are used in signal transmission, servers, data storage, satellite systems and computers
Automotive: Growing demand of enhanced UI experience with dashboards and display panels in vehicles are triggering the growth. Automotive industry will experience a strong growth owing to the adoption of various applications such as Vehicle-to-infrastructure (V2I) communications, vehicle-to-roadside (V2R) communications and vehicle-to-vehicle (V2V) communications
Industrial: Many industrial equipment operates using rigid PCB-controlled electronics. Rigid PCBs are also used in measuring and power equipment. There is a shift from traditional industrial process to Industry 4.0 whose aim is to create self-steering or autonomous production processes
Global Rigid Printed Circuit Boards Market Insights:
The global Rigid Printed Circuits Boards market is analyzed to grow a steady rate from $20.6 billion in 2018 to $27.2 billion in 2025 at a CAGR of 4.6%. Growing users of laptops and PCs, reduction in overall production cost and technological advancements are driving the growth global rigid PCB market.
Apart from traditional users of rigid PCB technology, there has been a growing trend of PCB technology adoption in other industries such as aerospace and defense, healthcare, entertainment and retail. In healthcare, rigid PCBs are used in equipment such as testing, X-Ray, heart monitor and CAT scan.
Emergency room monitors, ultrasonic equipment, pill cameras, board cameras and heart pacemakers are some of the applications of rigid PCBs in the healthcare industry. In defense & aerospace, rigid PCBs are used in satellite, power supplies, radar control systems, control tower systems, jet instrumentation, and radio communication systems.
Multilayer is the fastest growing type due to its capabilities. Multilayer is widely used in applications which require higher assembly density as compared to single layer or double layer PCB. Multilayer PCBs are widely used across applications related to computers, communication systems, hand held devices and industrial controls. The Multilayer type in the US is expected to capture around 80% of the US Rigid PCB market.