Anticipated Growth of Consumer Electronics in the Global PCB Market
The consumer electronics sector within the global Printed Circuit Board (PCB) market is predicted to achieve a substantial milestone, projected to hit an estimated worth of $12.1 billion by 2028. This growth trajectory is expected to be fueled by a Compound Annual Growth Rate (CAGR) of 7.5% from 2023 to 2028.
Driving Factors for Consumer Electronics Market
Several pivotal factors are contributing to the expansion of this market. These include the escalating trends of digitization and automation, the surge in the number of Internet of Things (IoT) enabled devices, and the rising prevalence of personal electronic gadgets such as smartphones, laptops, and other individual electronic devices.
Consumer Electronics Segmentation in the PCB Market
This comprehensive study encompasses a forecast for the consumer electronics sector within the global PCB market, analyzing it by end-use industry and region. Here’s a breakdown:
Consumer Electronics Segmentation by End Use Industry [Value ($B) Analysis from 2017 to 2028]:
- Personal
- Professional
Consumer Electronics Segmentation by Region [Value ($B) Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Leading Consumer Electronics in the PCB Companies
Highlighted within this report are profiles of key companies in the consumer electronics segment of the PCB market. Some of these companies include:
- Zhen Ding Technology Holding
- NOK Corporation
- TTM Technologies
- Unimicron Technology
- Compeq Manufacturing
- Young Poong Electronics
- Samsung Electro-Mechanics
- Tripod Technology
- Ibiden
Insights into Consumer Electronics Market
Within this market, the analysis predicts that the personal application sector will continue to be the largest segment. This projection is based on factors such as growing disposable incomes, improved internet accessibility, and the increasing demand for personal consumer electronics like Bluetooth speakers, earbuds, smartphones, and smart wearables.
Geographically, North America is projected to maintain its position as the largest region. This is attributed to the surging demand for luxury and premium products, the rapid adoption of cutting-edge technologies, and the presence of major industry players in the region.
Key Features of Consumer Electronics in the PCB Market
- Market Size Estimation: Estimation of the global PCB market size for consumer electronics in terms of value ($B)
- Trend and Forecast Analysis: Examination of market trends from 2017 to 2022 and forecast for 2023 to 2028 across various segments and regions
- Segmentation Analysis: Breakdown of the global PCB market size for consumer electronics based on end use industry and region
- Regional Analysis: Exploration of consumer electronics in the PCB market distribution across North America, Europe, Asia Pacific, and the Rest of the World
- Growth Opportunities: Analysis of growth prospects within different end use industries and regions for consumer electronics in the PCB market
- Strategic Analysis: Includes assessment of mergers and acquisitions, new product developments, and competitive landscape in the consumer electronics PCB market
- Competitive Intensity Analysis: Evaluated using Porter’s Five Forces model, showcasing the industry’s competitive dynamics.
Download Report: https://www.businesswire.com/news/home/20230814621848/en/Consumer-Electronics-in-the-Global-PCB-Market-is-Projected-to-Reach-12.1-Billion-by-2028—ResearchAndMarkets.com