PCB and PCBA Market Outlook 2025–2035: Steady Expansion at 3.9% CAGR

The global Printed Circuit Board (PCB) and Printed Circuit Board Assembly (PCBA) market continues to demonstrate resilient growth as electronic content expands across industries. The market size reached USD 78.7 billion in 2024 and is expected to grow to USD 81.8 billion in 2025, ultimately reaching USD 120.0 billion by 2035, registering a CAGR of 3.9% during the forecast period (2025–2035).

PCBs and PCBAs form the backbone of modern electronics—from smartphones and laptops to automotive control units and industrial automation systems. As digital transformation accelerates globally, demand for high-performance, compact, and energy-efficient circuit boards is rising steadily.

Key Market Drivers

• Rising Demand from Consumer Electronics

The proliferation of smartphones, wearables, gaming devices, and smart home products continues to drive PCB consumption. Manufacturers are increasingly adopting high-density interconnect (HDI) boards to support compact device designs.

• Miniaturization of Electronic Devices

Device manufacturers are prioritizing smaller, lighter, and more powerful products. This trend is accelerating demand for multilayer and flexible PCBs that enable high component density without sacrificing performance.

• Growth in Automotive Applications

The automotive sector—especially electric vehicles (EVs) and advanced driver-assistance systems (ADAS)—is emerging as a major growth engine. Modern vehicles incorporate dozens of PCB assemblies for power management, infotainment, and safety systems.

• Technological Advancements

Innovations such as embedded components, advanced substrate materials, and automated assembly are improving PCB performance and reliability while reducing production costs.

• Increasing Focus on Green Practices

Environmental regulations and corporate sustainability goals are pushing manufacturers toward recyclable substrates, lead-free processes, and energy-efficient production methods.

Request To Free Sample of This Strategic Report ➤ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=558720

Key Market Opportunities

The market presents several high-impact growth avenues:

• 5G technology demand surge driving high-frequency PCB requirements
• Electric vehicle production growth boosting automotive PCB usage
• Increased IoT device deployment expanding low-power PCB demand
• Miniaturization of electronics requiring HDI and flexible boards
• Sustainable and recyclable PCB materials gaining traction

Among these, 5G infrastructure and EV electronics are expected to generate the highest incremental revenue through 2035.

Market Segmentation Analysis

By Type

Rigid PCBs currently dominate due to widespread use in consumer electronics and industrial equipment. However, flexible and rigid-flex boards are growing faster, supported by wearable devices and compact automotive modules.

By Layer Count

Multilayer PCBs hold the largest share, reflecting the increasing complexity of modern electronics. High-layer-count boards are particularly important in servers, telecom equipment, and automotive control systems.

By Application

Key application areas include:

• Consumer electronics
• Automotive electronics
• Industrial equipment
• Telecommunications
• Healthcare devices

Consumer electronics remains the largest segment, but automotive electronics is expected to witness the fastest growth.

By End Use

Original equipment manufacturers (OEMs) represent the primary demand source, followed by electronics manufacturing services (EMS) providers and aftermarket applications.

Buy Now Premium Research Report ➤ https://www.wiseguyreports.com/sample-request?id=558720

Regional Insights

APAC

Asia-Pacific dominates the global market, led by China, Japan, South Korea, and India. The region benefits from strong electronics manufacturing ecosystems, cost-efficient production, and large domestic demand.

North America

Growth is supported by aerospace, defense, and high-end computing applications. The U.S. market is also benefiting from reshoring initiatives in semiconductor and electronics manufacturing.

Europe

Europe’s demand is driven largely by automotive electronics and industrial automation, particularly in Germany, France, and the UK.

South America and MEA

These regions show moderate growth, supported by expanding telecom infrastructure and gradual industrialization.

Competitive Landscape

The PCB and PCBA market is moderately fragmented, with major players focusing on capacity expansion, advanced substrate development, and strategic partnerships.

Key companies profiled include:

• Nippon Mektron
• Universal Scientific Industrial
• Jabil
• Unimicron Technology
• Foxconn
• TTM Technologies
• Sierra Circuits
• Zhen Ding Technology

Key Market Trends

• Shift toward HDI and advanced substrates
• Integration of AI and automation in PCB manufacturing
• Rising adoption of automotive electronics and EV platforms
• Growth of high-frequency PCBs for 5G infrastructure
• Increased focus on eco-friendly PCB materials and processes

Browse In-depth Market Research Report ➤ https://www.wiseguyreports.com/reports/pcb-and-pcba-market

Future Outlook

Looking ahead, the PCB and PCBA market is expected to maintain steady, sustainable growth rather than explosive expansion. The industry’s trajectory will be shaped by the convergence of 5G connectivity, electric mobility, and IoT proliferation. Manufacturers that invest in high-density technologies, green manufacturing, and automotive-grade reliability will be best positioned to capture future opportunities.

Despite supply chain fluctuations and pricing pressures, the long-term outlook remains positive as electronics continue to penetrate every sector of the global economy.

Explore our Global Report in Regional Languages

ピアスコネクタ市場 | Markt für Piercing-Steckverbinder | Marché des PCB et des PCBA | PCB 및 PCBA 시장 | PCB和PCBA市场 | Mercado de PCB y PCBA

Top Trending Global Research Report with Other Languages:

Backlight Module Market | Japanese | German | French | Korean | Chinese | Spanish

Rubidium Atomic Clock Market | Japanese | German | French | Korean | Chinese | Spanish

Cyber-Physical System Market | Japanese | German | French | Korean | Chinese | Spanish

Digital Pressure Gauge Market | Japanese | German | French | Korean | Chinese | Spanish

Liquid Photoresist Market | Japanese | German | French | Korean | Chinese | Spanish

Tantalum Capacitor Market | Japanese | German | French | Korean | Chinese | Spanish

Ethernet Card Market | Japanese | German | French | Korean | Chinese | Spanish

Aerospace PCB Market | Japanese | German | French | Korean | Chinese | Spanish

Hybrid Boiler Market | Japanese | German | French | Korean | Chinese | Spanish

Analog Load Cell Market | Japanese | German | French | Korean | Chinese | Spanish

About Wise Guy Reports:

We Are One of The World's Largest Premium Market Research & Statistical Reports Centre

Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets. 

Integrity and ethical conduct are at the core of everything done within Wise Guy Reports. We ensure transparency, fairness, and integrity in all aspects of our business operations, including interactions with clients, partners, and stakeholders, by abiding by the highest ethical standards.