As the fundamental carrier of all electronic devices, the total market volume of printed circuit boards (PCBs) is influenced by multiple downstream industries such as consumer electronics, communications, automotive, and industry. The current growth is mainly driven by high-performance computing and new energy technologies.
Key facts and trends
According to Prismark statistics, the total output value of the global PCB industry reached 73.565 billion US dollars in 2024, a year-on-year increase of 5.8%.
It is expected that by 2029, the global output value will increase to 94.661 billion US dollars, with a compound annual growth rate of about 5.2% from 2024 to 2029.
The main growth force comes from the high multi-layer, high-density, high-frequency PCB used in servers, AI accelerators, auto drive system and other fields. The growth rate of traditional consumer PCB is relatively flat.
Controversy and Different Perspectives
Some people believe that despite the moderate growth of the overall market, the regional competition pattern is reshaping – Chinese Mainland is rapidly expanding its share by virtue of its cost and industrial chain advantages, while Europe, the United States, Japan and South Korea are focusing on IC carrier plate, SLP and other ultra-high value-added products, forming a differentiation path of “quantity” and “quality”.
✅ Data support: The complexity of PCB technology used in AI servers far exceeds that of traditional models, becoming the core driving force for high-end PCB demand. (Source: Oriental Wealth Finance Channel, September 6, 2025)