LONDON--(BUSINESS WIRE)--The printed circuit board (PCB) market is expected to grow by USD 10.85 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the printed circuit board (PCB) market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report Instantly to Know More
The printed circuit board (PCB) market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Printed Circuit Board (PCB) Market Participants:
Compeq Manufacturing Co. Ltd.
Compeq Manufacturing Co. Ltd. operates its business through segments such as Taiwan, China, and Others. The company offers regular multi-layered PCB, HDI (High Density Interconnection), HLC (High Layer Count), FPC. (Flexible PCB) and Rigid-Flex PCB.
Ibiden Co. Ltd.
Ibiden Co. Ltd. operates its business through segments such as Electronics, Ceramics, and Construction. The company offers printed circuit boards for build-up substrates and complex modular substrates.
Korea Zinc Co. Ltd.
Korea Zinc Co. Ltd. operates its business through the Metals segment. The company offers single-sided PCB, double-sided PCB, double access PCBs, and multi-layer PCBs.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/printed-circuit-board-market-industry-analysis
Printed Circuit Board (PCB) Market 2020-2024: Segmentation
Printed circuit board (PCB) market is segmented as below:
- 4-6 Low
- 1-2 Sided
- North America
- South America
The printed circuit board (PCB) market is driven by demand for Internet of Things (IoT) devices. In addition, other factors such as the advent of high-density interconnect (HDI) technology are expected to trigger the printed circuit board (PCB) market toward witnessing a CAGR of over 3% during the forecast period.
Get more insights about the global trends impacting the future of the printed circuit board (PCB) market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43572
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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.