PCB and PCBA Market Projected to Hit $182.2 Billion by 2036 — Market Decipher

Event summary

Market Decipher forecasts the PCB and PCBA market to grow at a CAGR of 5.1%, reaching $182.2 billion by 2036.
Revenue growth is driven by data-center/cloud, 5G markets, aerospace/defense, industrial/machine vision, medical, and automotive/EV sectors.
Supply chains are shifting with TTM acquiring a Wisconsin PCB plant and land in Penang, while AT&S ramps up factories in Malaysia and Austria.
High-performance materials like M7/M8 CCL and Rogers Megtron series are in high demand, prompting Panasonic Industry to invest ¥7.5B in new production lines.
Persistent raw-material tightness (copper foil, fiberglass) is causing price hikes and compressing margins for some firms.

The big picture

The PCB and PCBA market is experiencing robust growth driven by technological advancements in AI, 5G, and automotive electronics. Strategic capacity expansions and investments in high-performance materials underscore the industry's shift towards higher-value products. However, supply chain bottlenecks and input cost pressures pose significant challenges to sustained profitability.

What we're watching

Supply Chain Dynamics: How strategic capacity expansions by TTM and AT&S will affect regional supply chain dynamics.
Material Costs: Whether firms can sustain margins amid persistent raw-material tightness and price hikes.
Technological Advancements: The pace at which high-performance materials and advanced substrates will drive demand in AI/5G sectors.