Global Substrate Like Pcb Market Outlook
Revenue, 2023
$2.8B
Forecast, 2033
$9.8B
CAGR, 2024 - 2033
13.3%
The Substrate Like Pcb industry revenue is expected to be around $3.6 billion in 2024 and expected to showcase growth with 13.3% CAGR between 2024 and 2033. Substrate Like PCB (SLPs) are transforming the world of printed circuit boards with their technology that provides compact and high density solutions for todays electronics industry. There was an increase in the market value of SLPs in 2023 to USD 2.8 billion and experts predict a further growth to USD 6.71 billion by 2030 and USD 12.5 billion by 2035, with an annual average growth rate of 13.3%.
SLPs utilize cutting edge manufacturing methods to deliver top notch performance, in consumer electronics well as automotive and telecommunications applications. With design options and superior signal reliability, SLPs play a crucial role in the advancement of future devices.
Market Key Insights
- The Substrate Like Pcb market is projected to grow from $2.8 billion in 2023 to $9.8 billion in 2033. This represents a CAGR of 13.3%, reflecting rising demand across Consumer Electronics, Telecommunications and Automotive.
- Ibiden, AT&S, Samsung are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Substrate Like Pcb market and are expected to observe the growth CAGR of 12.0% to 16.0% between 2023 and 2030.
- Emerging markets including India, Brazil and Vietnam are expected to observe highest growth with CAGR ranging between 9.3% to 14.0%.
- Transition like Shift Towards 10-Layer SLPs is expected to add $346 million to the Substrate Like Pcb market growth by 2030.
- The Substrate Like Pcb market is set to add $7.0 billion between 2023 and 2033, with manufacturer targeting Automotive & Telecommunications Application projected to gain a larger market share.
- With Rising demand for miniaturization, and Advancements in 5g technology, Substrate Like Pcb market to expand 249% between 2023 and 2033.
Opportunities in the Substrate Like Pcb
The creation of eco-friendly SLP products supports worldwide sustainability goals and appeals to environmentally aware producers and customers.
Growth Opportunities in Asia-Pacific and North America
In this region of the SLP market, major electronics companies increasingly focusing on cutting edge PCB technologies which play a key role, in driving innovation and growth trends forward.
In North America the telecommunications and automotive industries continue to play a role in driving market demand with prominent companies such, as AT&S and TTM Technologies expanding their presence in this region.
Market Dynamics and Supply Chain
01
Driver: Rising Demand for Miniaturization, and Increasing Adoption in Automotive
The increasing demand for lighter gadgets is also pushing the use of SLP in everyday electronics and IoT devices as SLP offers the necessary density and efficiency, within more compact designs. The move towards vehicles (EVs)fueled by the increasing integration of connected cars has also boosted the adoption of SLPs to bolster sophisticated electronics and, in car technologies.
The global implementation of generation (5) mobile networks requires top quality printed circuit boards (PCBs) prompting network providers to favor SLP as their preferred option.
02
Restraint: High Manufacturing Costs, and Complex Production Processes
The manufacturing process of SLP utilizes techniques that result in higher expenses when compared to standard PCB production.
Manufacturing SLP demands accuracy and skillset which can be difficult for smaller companies to meet.
03
Opportunity: Emerging Markets and Integration with AI and IoT
Emerging economies are embracing cutting edge PCB technologies such as SLP to bolster growth and infrastructure expansion. This trend is opening up avenues, for service providers.
Integrating speech and language processing, with intelligence and Internet of Things technologies boosts the effectiveness of devices and enables smarter and more efficient systems.
04
Challenge: Supply Chain Disruptions
Relying heavily on a number of suppliers, for materials and components raises the likelihood of supply chain delays.
Supply Chain Landscape
1
Component Supplier
IbidenAT&S
2
System Integrator
SamsungBoschHuawei
3
End-User Industry
Consumer ElectronicsAutomotiveTelecommunicationsIndustrial
1
Component Supplier
IbidenAT&S
2
System Integrator
SamsungBoschHuawei
3
End-User Industry
Consumer ElectronicsAutomotiveTelecommunicationsIndustrial
Use Cases of Substrate Like Pcb in Consumer Electronics & Telecommunications
Consumer Electronics : SLPs are commonly utilized in smartphones and tablets well as wearables, for their compact designs and enhanced features that boost device performance—both Apple and Samsung heavily rely on SLP technology for this purpose.
Automotive : In the sector system level planning (SLPs) plays a crucial role in the development of advanced driver assistance systems (ADAS), electric vehicles (EV) and in car entertainment systems. Known companies such, as Bosch and Continental integrate SLP into their designs to ensure top notch reliability.
Telecommunications : SLPs play a part in bolster the 5th generation infrastructure through facilitating swift data transfer and enhancing network effectiveness with key industry players such, as Huawei and Ericsson incorporating SLP into their 5th generation offerings.
Industrial : In the realm of automation and IoT gadgets, compact and high quality circuit boards play a vital role. Schneider Electric and Siemens incorporate SLP in their products.
Recent Developments
Significant progress can be seen in Ibidens high density SLPs technology advancements well as AT&Ss collaboration with smartphone companies and Samsungs efforts in expanding production capacity to keep up with the market demand, for advanced devices.
October 2024 : A new collection of high density SLPs designed for generation (5g) applications was launched by Ibiden.
July 2024 : AT&S collaborated with a leading smartphone company to provide SLPs for high tech gadgets.
April 2024 : Samsung increased its SLP manufacturing capabilities to keep up with the rising needs of the market.
Impact of Industry Transitions on the Substrate Like Pcb Market
As a core segment of the Semiconductor industry,
the Substrate Like Pcb market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards 10-Layer SLPs and Automation in Manufacturing have redefined priorities
across the Semiconductor sector,
influencing how the Substrate Like 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 10-Layer SLPs
The integration of upper level SLPs is meeting the demand, for improved efficiency and compactness in contemporary gadgets. This industry transition is expected to add $346 million in the industry revenue between 2023 and 2030.
02
Automation in Manufacturing
The growing adoption of automation, in SLP manufacturing is driving down expenses. Enhancing accuracy. This advancement is making the technology widely available.