Global Multilayer Pcb Market Outlook
Revenue, 2023
$87.3B
Forecast, 2033
$153B
CAGR, 2024 - 2033
5.8%
The Multilayer Pcb industry revenue is expected to be around $97.7 billion in 2024 and expected to showcase growth with 5.8% CAGR between 2024 and 2033.
Commonly found in devices such as consumer electronics and telecommunications equipment well as in automotive and healthcare sectors; PCBs play a vital role in ensuring miniaturization and functionality of these products are maintained at optimal levels due to their widespread use where size and performance are key factors for success. The market for these PCB components is experiencing growth primarily because of the growing need for Internet of Things (IoT) devices coupled with advancements, in 5th generation telecommunications technology and the increasing complexity seen in modern automotive and medical equipment.
Market Key Insights
- The Multilayer Pcb market is projected to grow from $87.3 billion in 2023 to $153 billion in 2033. This represents a CAGR of 5.8%, reflecting rising demand across Consumer Electronics, Telecommunications and Automotive.
- Apple, Samsung, DuPont are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Multilayer Pcb market and are expected to observe the growth CAGR of 3.8% to 5.6% between 2023 and 2030.
- Emerging markets including India, Vietnam and Brazil are expected to observe highest growth with CAGR ranging between 6.7% to 8.0%.
- Transition like Shift Towards Embedded Component PCBs has greater influence in United States and China market's value chain; and is expected to add $4 billion of additional value to Multilayer Pcb industry revenue by 2030.
- The Multilayer Pcb market is set to add $66.1 billion between 2023 and 2033, with manufacturer targeting Automotive & Telecommunications Application projected to gain a larger market share.
- With Advancements in 5g technology, and Miniaturization of devices, Multilayer Pcb market to expand 76% between 2023 and 2033.
Opportunities in the Multilayer Pcb
Multilayer circuit boards are also becoming more common, in inverters and wind energy systems as they support worldwide sustainability initiatives.
Growth Opportunities in North America and Asia-Pacific
North America dominates the Multilayer PCB industry, thanks to research and development in consumer electronics and telecommunications fields along with the healthcare sector being involved as well with companies such as Apple and Cisco, at the forefront of pushing for new ideas and technology integration.
Asia Pacific leads the production with strong manufacturing facilities and backing from the government systems in place. Accommodating the growing need for PCB boards are significant players such, as China, Japan and South Korea.
Market Dynamics and Supply Chain
01
Driver: Advancements in 5G Technology, and Rise of Electric Vehicles (EVs)
The rise of generation (5G) networks is also driving up the need, for Multilayer PCB (Printed Circuit Boards) in telecommunication devices and data centers. Multilayer printed circuit boards are also essential for managing electric vehicle batteries and powering onboard chargers and sophisticated automotive electronics. This has also led to a growing need, in the industry.
The increasing demand, for lighter electronic devices also drives the use of Multilayer PCB technology to facilitate dense connections.
02
Restraint: High Production Costs, and High Production Costs
Manufacturing Multilayer PCB involves processes that drive up expenses and make it challenging for smaller companies to afford.
Manufacturing Multilayer PCB involves processes that drive up expenses and make it challenging for smaller companies to afford.
03
Opportunity: Emerging IoT Applications and Expansion in Emerging Markets
The increasing use of gadgets in modern homes and healthcare settings presents new prospects, for companies that produce Multilayer PCBs.
Countries such as India and Vietnam are becoming destinations for electronics manufacturing offering attractive prospects for businesses, in the market.
04
Challenge: Material Dependence
Relying on materials such, as laminates and copper foil can lead to supply chain weaknesses that affect production.
Supply Chain Landscape
1
Component Supplier
DuPontPanasonic
2
System Integrator
AppleHuaweiBosch
3
End-User Industry
Electronics ManufacturersAutomotive OEMsTelecom OperatorsMedical Device Companies
1
Component Supplier
DuPontPanasonic
2
System Integrator
AppleHuaweiBosch
3
End-User Industry
Electronics ManufacturersAutomotive OEMsTelecom OperatorsMedical Device Companies
Use Cases of Multilayer Pcb in Consumer Electronics & Telecommunications
Consumer Electronics : Multilayer circuit boards play a role in smartphones, laptops and smart home gadgets as they provide dense connections and reliable performance. Leading companies such, as Apple and Samsung depend heavily on multilayer circuit boards for their top of the line products.
Telecommunications : In the field of telecommunications infrastructure Multilayer PCBs play a role in enhancing the performance and speed of 5th generation networks as well as data centers and routers. Leading companies like Huawei and Cisco employ multilayer configurations to advance their communication systems, for the future.
Automotive : Multilayer circuit boards play a role in automotive electronics by supporting key functionalities such as Advanced Driver Assistance Systems (ADAS) infotainment features and electric vehicle (EV) battery management systems. Tesla and Bosch are users of multilayer circuit board technology, in automotive settings.
Healthcare : Cutting edge medical technologies rely on multilayer PCBs for their designs and precise functionality. This includes medical devices such as imaging equipment and portable diagnostic tools used by companies, like GE Healthcare and Siemens.
Recent Developments
Recent advancements encompass the incorporation of Apple products in MacBooks and Huaweis offerings in telecommunication solutions alongside Teslas applications in the automotive sector. Recent reports emphasize the emphasis on innovation and expansion, within the Multilayer PCB industry.
October 2024 : Apple revealed that they are incorporating cutting edge Multilayer PCB technology into their recent MacBook models to enhance performance.
July 2024 : Huawei introduced telecommunications equipment that includes high density multilayer PCB technology designed specifically for enhancing 5g infrastructure.
March 2024 : Tesla unveiled an electric vehicle battery management system that utilizes multilayer PCB technology.
Impact of Industry Transitions on the Multilayer Pcb Market
As a core segment of the Semiconductor industry,
the Multilayer Pcb market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards Embedded Component PCBs and Focus on High-Frequency Applications have redefined priorities
across the Semiconductor sector,
influencing how the Multilayer Pcb market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards Embedded Component PCBs
Multilayer designs are being transformed by incorporating both active components into PCB layers. This advancement is driving miniaturization possibilities. This industry transition is expected to add $4 billion in the industry revenue between 2023 and 2030.
02
Focus on High-Frequency Applications
Manufacturers are working to create PCB boards that are specifically designed for high frequency and high speed data transmission to meet the demands of advanced telecommunication and data center requirements.