The global printed circuit board market is expected to reach $93.7 billion by 2029, with AI and new energy vehicles as the core driving forces

According to industry analysis, the global PCB market has grown from $62 billion in 2020 to $75 billion in 2024, with a compound annual growth rate of 4.9%; It is expected to reach $93.7 billion in 2029, with a compound annual growth rate of 4.6% from 2024 to 2029. Among them, the demand for AI servers, data centers, and new energy vehicles is the main growth engine. For example, the global shipment of AI servers is expected to increase from 2 million units in 2024 to 5.4 million units in 2029, driving the upgrading of high-end PCB technologies such as high multilayer boards and HDI.