Increased rate of
technology change in the printed circuit
board (PCB) market is due to the augmented growth in the electronics
industry. Demand for the enhanced electronic products had resulted in new
technologies in PCB segment, such as Multilayer PCB, High
Density Interconnection (HDI) and flexible PCBs. Proliferation of smart phones
and digital control in the various applications such as defense, aerospace,
automotive and medical industries fueled in the growth of PCB market.
Table of
contents and insights:
North America’s PCB market is considered as a diverse
market. Manufacturers in North America tend to come up with new technologies
every time because of heavy demand in the products that use Wireless data.
Access to high speed wireless data has become mandatory in various industries
including, Mobile networks, Defense applications and many more. Thus high
frequency PCB has been evolved to address increased functionality, higher power
levels and reduced solution cost. More Advanced PCBs sold in the North America
are mostly used in high-end and low volume applications.
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Smartphones market is
projected to reach $407 billion in North America by the end of 2015 and it is
growing at a CAGR of 25%. Tablets market is also increasing steadily, but is
estimated to decrease by 8% and reach $62 billion by 2015. Every market apart
from smart phones is decreasing. Smart phones market is in huge demand due to
the evolution of 4G LTE and slim, portable devices handsets. Overall urge for
the small size and flexible electronic products have led in the expansion of PCB market by developing flexible PCBs and rigid-flex PCBs.
It
is anticipated that long-term growth of PCB
market in North America might stay constant or decrease because the
dominant customers of PCB market are
changing continuously. Growth of electronic manufacturing and original design
manufacturing (ODM) has been increasing in Asia Pacific because of low
manufacturing cost. China PCB market
is expected to grow because of the developing opportunities in the
telecommunication industry.
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