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Multilayer Printed Circuit Board Market to Reach $144.7 Billion, Globally, by 2032 at 5.7% CAGR: Allied Market Research
Allied Market Research published a report, titled, “Multilayer Printed Circuit Board Market by Layer (Layer 4-6 and Layer 6+), Substrate (Rigid, Flexible and Rigid-Flex), and End Use Industry (Industrial Electronics, Healthcare, Aerospace & Defense, Automotive, IT & Telecom, Consumer Electronics and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the multilayer printed circuit board market was valued at $88.1 billion in 2023, and is estimated to reach $144.7 billion by 2032, growing at a CAGR of 5.7% from 2024 to 2032.
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130 – Tables
62 – Charts
300 – Pages
Prime Determinants of Growth
The global multilayer printed circuit board market has experienced growth due to several factors such as a surge in automation & robotics, medical device miniaturization, and advancements in display technology. However, complex manufacturing processes hinder market growth to some extent. Moreover, increase in demand for wearable electronics in the multilayer printed circuit board industry offers remunerative opportunities for the expansion of the global multilayer printed circuit board market.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2024–2032
Base Year
2023
Market Size in 2023
$88.1 billion
Market Size in 2032
$144.7 billion
CAGR
5.7 %
Segments Covered
Layer, Substrate, End-use industry, and Region.
Drivers
Increase in automation and robotics
Medical device miniaturization
Advancements in display technology
Opportunity
Growing demand for wearable electronics
Restraint
Complex manufacturing process
Segment Highlights:
The multilayer PCB market shows distinct trends by layer. Layer 4-6 PCBs are popular for their cost-effectiveness and performance, suitable for mid-range devices in consumer electronics, industrial equipment, and automotive applications. Layer 6+ PCBs are in high demand due to the complexity of advanced electronics, essential for high-performance computing, telecommunications, aerospace, and defense sectors, supporting greater functionality and intricate architectures.
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The multilayer PCB market shows distinct substrate trends. Rigid PCBs remain dominant for their stability and use in traditional electronics, with innovations enhancing heat dissipation and reducing costs. Flexible PCBs are gaining traction for their lightweight, bendable nature, ideal for wearable tech, foldable devices, and automotive applications. Rigid-Flex PCBs combine the benefits of both, increasingly used in high-reliability applications such as medical devices, military equipment, and advanced consumer electronics, offering enhanced durability and versatility.
In the multilayer PCB market, automotive and IT & telecom are leading industries. The automotive sector is driving demand due to the shift towards electric and autonomous vehicles, requiring complex PCBs for advanced driver-assistance systems (ADAS), infotainment, and power management. Meanwhile, the IT & Telecom industry has experienced significant growth with the rollout of 5G technology and expanding data centers, necessitating high-performance multilayer PCBs for faster data transfer rates and higher frequency operations.
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Region/Country Outlook:
In the multilayer PCB market, Asia-Pacific is the leading region, driven by rapid advancements in consumer electronics, automotive, and telecom sectors, with significant contributions from manufacturing hubs such as China, Japan, and South Korea. China stands out as the leading country, with its strong electronics manufacturing base, ongoing investments in 5G infrastructure, and growing automotive electronics sector, all driving substantial demand for advanced multilayer PCBs.
Leading Market Players:
Sumitomo Electric Industries, Ltd.
Nippon Mektron Ltd.
Compeq Manufacturing Co., Ltd.
Amphenol ZD Tech
TTM Technologies, Inc.
TE Connectivity Ltd.
Unimicron Technology Corporation
Molex, LLC
AT&S Austria Technologie & Systemtechnik AG
Hon Hai Precision Industry Co., Ltd.
The report provides a detailed analysis of these key players in the global multilayer printed circuit board market. These players have adopted different strategies such as new product launches, and collaborations, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Industry Developments:
In April 2023, T-Works and Qualcomm India Pvt. Ltd. entered into a grant agreement to establish a multilayer PCB fabrication facility at T-Works. This facility aimed to enable rapid fabrication of up to 12-layer boards to accelerate electronic product prototyping and development. The facility was set to offer quality PCBs at low volumes within a day and conduct educational and training programs, benefiting sectors such as electric vehicles, medical devices, industrial automation, and consumer electronics.
Key Benefits For Stakeholders:
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the multilayer printed circuit board market analysis from 2024 to 2032 to identify the prevailing multilayer printed circuit board market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the multilayer printed circuit board market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global multilayer printed circuit board market trends, key players, market segments, application areas, and market growth strategies.
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Multilayer Printed Circuit Board Market Key Segments:
By Layer
Layer 4-6
Layer 6+
By Substrate
Rigid
Flexible
Rigid-Flex
By End Use Industry
Industrial Electronics
Healthcare
Aerospace & Defense
Automotive
IT & Telecom
Consumer Electronics
Others
By Region:
North America (U.S., Canada, and Mexico)
Europe (UK, Germany, France, Russia, and Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific)
Latin America (Brazil, Argentina, and Rest of Latin America)
Middle East and Africa (UAE, Saudi Arabia, and Rest of Middle East and Africa)
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