Technology
Printed Circuit Board (PCB) Market to Grow by USD 26.8 Billion (2025-2029), Driven by Smartphone Adoption, Report Highlights AI’s Redefining Role – Technavio
Published
2 years agoon
By
NEW YORK, Jan. 27, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global printed circuit board (PCB) market size is estimated to grow by USD 26.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 6.2% during the forecast period. Rising adoption of smartphones is driving market growth, with a trend towards increasing inclination toward flexibility and industry automation. However, environmental concerns regarding PCBs poses a challenge. Key market players include APCT, China Circuit Technology Shantou Corp., Compeq Manufacturing Co. Ltd., Daedeok Electronics Co. Ltd., Dynamic Electronics Co. Ltd., Ibiden Co. Ltd., Jabil Inc., Korea Circuit Co. Ltd., NOK Corp., RAYMING TECHNOLOGY, Shenzhen Kinwong Electronic Co. Ltd, Shenzhen SenYan Circuit Co. Ltd., ShenZhen Wonderful Technology Co. Ltd, Shenzhen Zhongxinhua Electronics Co. Ltd., Sumitomo Electric Industries Ltd., TTM Technologies Inc., Victory Giant Technology (Huizhou) Co. Ltd., Vishal International, and Zhen Ding Technology Holding Ltd..
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Printed Circuit Board (PCB) Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 6.2%
Market growth 2025-2029
USD 26.8 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.8
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 88%
Key countries
China, Taiwan, South Korea, Japan, and India
Key companies profiled
APCT, China Circuit Technology Shantou Corp., Compeq Manufacturing Co. Ltd., Daedeok Electronics Co. Ltd., Dynamic Electronics Co. Ltd., Ibiden Co. Ltd., Jabil Inc., Korea Circuit Co. Ltd., NOK Corp., RAYMING TECHNOLOGY, Shenzhen Kinwong Electronic Co. Ltd, Shenzhen SenYan Circuit Co. Ltd., ShenZhen Wonderful Technology Co. Ltd, Shenzhen Zhongxinhua Electronics Co. Ltd., Sumitomo Electric Industries Ltd., TTM Technologies Inc., Victory Giant Technology (Huizhou) Co. Ltd., Vishal International, and Zhen Ding Technology Holding Ltd.
The Printed Circuit Board (PCB) market is experiencing significant growth due to the increasing demand for electronic devices, particularly those related to 5G, Internet of Things (IoT), Internet of Vehicles, and artificial intelligence. Consumer electronics, including smartphones, cameras, PCs, tablets, and smart devices, are major consumers of PCBs. Semiconductor plants and IC substrate manufacturers are key players in the market, supplying components such as integrated circuits, resistors, electrolytic capacitors, PLCs, transistors, and composite epoxy materials. Automobile applications, including battery control systems, engine timing systems, digital displays, audio systems, power relays, antilock brake systems, and smart devices, are also driving demand for PCBs. PCBs are essential in various industries, including communications, industrial automation, medical devices, and government institutions. The market is shifting towards flexible circuits, rigid-flex, and high-temperature performance PCBs, made of materials like glass fabric, FR-4, epoxy resin, and fiberglass. Environmental concerns, including electronic waste, lead, mercury, cadmium, brominated flame retardants, and other hazardous substances, are prompting the development of more sustainable PCB production methods. 3D printing and high-reliability PCBs are emerging trends in the market. The market’s future looks bright, with major players like Quanta Computer and Apple supplier continuing to drive demand for rigid PCBs.
The automation of industries is a growing trend as businesses seek to enhance productivity and control costs. To maintain competitiveness, companies are adopting computers and machines for efficient control systems. Power consumption is a significant concern with the increasing power density of electric equipment. PCBs are essential in optimizing power usage within compact applications. Furthermore, the expanding use of cobots, industrial robots, and drones in automation will add value to this trend. PCBs enable optimal power consumption, contributing to overall efficiency and cost savings.
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• The Printed Circuit Board (PCB) market faces significant challenges as the demand for electronic devices continues to grow in sectors like 5G, Internet of Things (IoT), Internet of Vehicles, and consumer electronics. The integration of artificial intelligence and semiconductor plants in manufacturing processes increases the need for PCBs in various applications. However, concerns over electronic waste, lead, mercury, cadmium, and brominated flame retardants pose environmental challenges. PCBs are essential components in industries like communications, computers, and consumer electronics, including smartphones, cameras, and tablets. The automotive sector also relies on PCBs for battery control systems, engine timing systems, digital displays, audio systems, power relays, antilock brake systems, and smart devices. Manufacturers of PCBs must ensure their products meet the demands of various industries while addressing challenges such as high temperatures, mechanical stress, and thermal stability. PCBs are used in industrial automation, medical devices, and military applications, requiring high structural integrity and flame-retardant nature. Government institutions and industries like Quanta Computer, an Apple supplier, require rigid PCBs made of materials like glass fabric, FR-4, and epoxy resin. The glass transition temperature, dielectric strength, dimensional stability, and electrical insulating qualities are crucial factors in PCB production. The emergence of 3D printing and flexible circuits, such as Rigid Flex, presents opportunities for innovation and growth in the PCB market. However, ensuring PCB reliability and addressing electrical property degradation remains a challenge.
• The Printed Circuit Board (PCB) market involves the production and disposal of boards made primarily of metal, plastic, ceramic, and copper. These components, particularly epoxy resins containing chlorine, can pose environmental concerns due to their non-biodegradable nature. The industry has shifted from lead solders to lead-free alternatives to minimize toxicity. Proper dismantling of components is necessary before disposing of PCBs. Recycling presents challenges such as temperature rises, mechanical shocks, and delamination. A standard PCB comprises 40% metal, 30% plastic, and 30% ceramic, with the board itself consisting of 28% copper, 33% resins, and 40% other materials.
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This printed circuit board (pcb) market report extensively covers market segmentation by
Type 1.1 Multi-layer1.2 HDI1.3 Single sided1.4 Double sidedEnd-user 2.1 Communication network infrastructure2.2 IT and peripherals2.3 Automotive2.4 Consumer electronics2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 Multi-layer- Multi-layer Printed Circuit Boards (PCBs) hold a dominant position in the global market in 2024 due to their versatility and complexity. These boards consist of multiple layers of substrate material, interconnected by conductive channels. The rising demand for compact and high-performance electronic devices in sectors like telecommunications, automotive, and consumer electronics fuels the need for multi-layer PCBs. Notable applications include smartphones, which require space optimization and sophisticated electronics. Advanced networking equipment, such as routers and servers, also heavily utilize multi-layer PCBs to enhance functionality. Automotive Electronic Control Units (ECUs) benefit from their compact design, ensuring efficient performance in confined spaces. As technology advances, the demand for multi-layer PCBs is anticipated to escalate, solidifying their role as a key product in the PCB industry. Consequently, the multi-layer product segment is poised for growth, driving the expansion of the global PCB market throughout the forecast period.
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The Printed Circuit Board (PCB) market is experiencing significant growth due to the increasing demand for electronic devices in various industries. The advent of 5G technology and the Internet of Things (IoT) are driving the market, with PCBs playing a crucial role in the development of telecommunication infrastructure. The IoT and Internet of Vehicles are also fueling the demand for PCBs in consumer electronics, including smartphones, cameras, and tripods. PCBs are essential components in the production of integrated circuits, resistors, electrolytic capacitors, PLCs, transistors, and composite epoxy, among others. Flexible circuits and rigid-flex PCBs are gaining popularity due to their ability to provide greater design flexibility and improved reliability. Fiberglass and other materials are used in the manufacturing of PCBs to ensure their durability and strength. Overall, the PCB market is poised for continued growth as the demand for electronic devices and advanced technologies continues to soar.
The Printed Circuit Board (PCB) market is witnessing substantial growth driven by the rising demand for electronic devices across multiple industries. With the rollout of 5G technology and the expansion of the Internet of Things (IoT), IoT gadgets, smartphones, cameras, PCs, tablets, and consumer electronics are becoming more advanced and sophisticated, driving up the need for high-quality PCBs. However, the production of PCBs involves the use of materials like lead, mercury, cadmium, brominated flame retardants, and semiconductor plants, which raise environmental concerns. PCBs are essential components in various industries, including automotive applications, where they are used in battery control systems, engine timing systems, digital displays, audio systems, power relays, antilock brake systems, and smart devices. In industrial automation, PCBs are used in computer communications, PLCs, transistors, and other electronic equipment, ensuring structural integrity and mechanical strength, even under high temperatures and mechanical stress. PCBs are also used in medical devices, industrial robots, and automation machinery, making them indispensable in various sectors. The market for PCBs is expected to grow further as millennials’ demand for advanced technology continues to rise. The PCB foundation material, including composite epoxy, fiberglass, and FR-4 materials, is crucial in ensuring electrical insulating qualities, dimensional stability, and thermal insulation properties. The use of 3D printing technology in PCB production is also gaining popularity, offering benefits like reduced production time and cost. However, the reliability of PCBs is crucial, and electrical property degradation can lead to significant issues. Government institutions play a vital role in regulating the production and disposal of electronic waste, ensuring the safe disposal of materials like lead, mercury, cadmium, and brominated flame retardants.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeMulti-layerHDISingle SidedDouble SidedEnd-userCommunication Network InfrastructureIT And PeripheralsAutomotiveConsumer ElectronicsOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Space Cybersecurity Market worth $8.59 billion by 2031 – Exclusive Report by MarketsandMarkets™
Published
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October 23, 2026By
DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Space Cybersecurity Market is expected to be valued at USD 5.52 billion in 2026 to USD 8.59 billion by 2031, at a CAGR of 9.2% during the forecast period.
Browse 200 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on ” Space Cybersecurity Market – Global Forecast to 2031″
Space Cybersecurity Market Size & Forecast:
Market Size Available for Years: 2021–20312026 Market Size: USD 5.52 billion2031 Projected Market Size: USD 8.59 billionCAGR (2026–2031): 9.2%
Space Cybersecurity Market Trends & Insights:
The space cybersecurity market is developing as government and defense organizations, commercial satellite operators, and space agencies require stronger protection for satellite networks, ground infrastructure, communication links, and mission-critical systems. Advances in encryption, identity and access management, threat detection, security analytics, cloud security, and secure satellite communications are enabling space systems to operate more securely against evolving cyber threats. Cybersecurity investments are also supporting wider adoption of integrated security solutions across satellite communications, Earth observation, navigation and PNT, mission planning and control, data processing, and launch operations.The Asia Pacific space cybersecurity market is expected to exhibit the highest CAGR of 12.0% between 2026 and 2031.The services segment is expected to register the highest CAGR of 10.1% between 2026 and 2031.The defense segment is estimated to account for the largest market share in 2026.Thales, General Dynamics Corporation, Viasat, Inc., Leonardo S.p.A., and Booz Allen Hamilton Inc. were identified as some of the key players in the space cybersecurity market (global), given their strong market share and product footprint.CYSEC, SpiderOak Inc., Spaceit, Xage Security, Inc., and QuSecure, Inc., among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.
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The market is expanding as defense organizations, commercial satellite operators, and government agencies increase investments in cybersecurity solutions to protect satellites, launch vehicles, ground stations & gateways, command and control centers, and critical space infrastructure. Demand is also being supported by the need for secure satellite communications, protection of mission-critical data, continuous threat monitoring, and operational resilience. Advances in encryption, identity and access management, intrusion detection, secure software architectures, and cybersecurity monitoring are improving protection against unauthorized access and cyberattacks. Modern space cybersecurity systems are also enabling secure software updates, automated threat detection, and stronger protection of interconnected satellite and ground networks. The European Space Agency’s Cyber Security Operations Centre, inaugurated in May 2025, demonstrates the increasing use of integrated cybersecurity monitoring to protect satellites, ground stations, and mission control systems.
The space cybersecurity industry is moving toward standardized security architectures and integrated cybersecurity solutions that can protect multiple space assets through common security systems. This approach enables satellite operators, defense organizations, and space agencies to secure satellites, ground stations, communication networks, and mission control systems while sharing encryption, authentication, threat detection, and security monitoring capabilities. The European Space Agency (ESA) uses a multiplatform cybersecurity architecture with shared security functions across space and ground infrastructure, helping improve security management, reduce integration complexity, and support consistent protection across different space missions.
By asset type, satellite segment to account for largest market share during forecast period
The satellite segment is expected to retain the largest share and register the fastest growth as commercial satellite operators, defense organizations, and government agencies increase investments in protecting satellites against cyber threats. Demand is supported by expanding LEO, MEO, and GEO satellite networks, secure communication requirements, onboard cybersecurity integration, and protection of satellite command systems. In May 2026, the European Space Agency (ESA) highlighted cybersecurity developments under its General Support Technology Programme, including secure onboard computing, encryption, and protected satellite communication systems.
By end user, defense segment to account for largest market share during forecast period
The defense segment is expected to retain the largest market share, based on end user, because military organizations depend on secure satellite communications, navigation, intelligence gathering, surveillance, and mission-critical command systems. Defense space programs require cybersecurity solutions to protect classified information, satellite control networks, communication links, and ground infrastructure against unauthorized access and cyberattacks. Increasing investments in military satellite constellations, secure communication architectures, encryption technologies, and continuous cybersecurity monitoring are supporting demand for satellite protection, threat detection, identity and access management, and mission security services.
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North America to account for largest market share during forecast period
The space cybersecurity market in North America is supported by US defense space programs, commercial satellite deployments, government cybersecurity initiatives, and investments in secure space infrastructure. The region benefits from the presence of companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, Viasat, Inc., and Leidos Holdings, Inc. The National Institute of Standards and Technology (NIST) published NIST IR 8401, providing a cybersecurity framework for protecting satellite ground segment operations and command and control systems. Growing deployment of military and commercial satellites is supporting demand for network security, encryption, threat monitoring, and cybersecurity services across the region.
Thales (France), General Dynamics Corporation (US), Viasat, Inc. (US), Leonardo S.p.A. (Italy), and Booz Allen Hamilton Inc. (US) are among the major players in the space cybersecurity companies. These companies have established distribution and service networks across regions such as North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
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HawkEye 360 Successfully Launches Cluster 16 with Advanced Collection and Downlink Capabilities
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8 minutes agoon
October 23, 2026By
Dedicated satellite cluster introduces advanced antenna technology designed to support simultaneous RF collection and mission data downlink
HERNDON, Va., Oct. 23, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced the successful launch of Cluster 16, a three-satellite cluster featuring advanced antenna technology designed to expand the flexibility and capacity of the Company’s space-based RF collection architecture.
Cluster 16 launched aboard Rocket Lab’s Electron rocket as part of the dedicated mission, “We’re Not Hawking Around,” from Rocket Lab Launch Complex 1 in New Zealand. Following deployment into an inclined orbit, HawkEye 360’s space operations team successfully established communications with all three satellites and began the commissioning process.
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About HawkEye 360
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Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the availability and capabilities of the Company’s products, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s quarterly report on Form 10-Q dated August 14, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
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SOURCE HawkEye 360 Inc.
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/R E P E A T — Media Advisory – Parliamentary Secretary Bardeesy to announce investments for research talent, interdisciplinary research and indirect cost of research/
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Date: Friday, October 23, 2026
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Members of the media are asked to register at communications@chairs-chaires.gc.ca to receive event location details and confirm their attendance.
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