Stratview Research delivers key insights on the global Double Sided Printed Circuit Board Market. According to Stratview Research, the market is segmented By Type (Glass Fibre, Paper, Metal, Ceramics, Others), Application (Industrial/Medical, Consumer Electronics, Military/Aerospace, Others), and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The growth of the double-sided printed circuit board market is driven by the increasing adoption of double-sided PCBs in various applications including automobiles, healthcare, and consumer electronics among others. The rising penetration of smartphones coupled with growing digitalization is expected to drive market growth at a significant rate. In addition to this, expanding growth of the consumer electronics industry in developing countries is likely to create lucrative opportunities for the players operating in the global market during the review period.
Market Segments' Analysis
Based on application, the market has been segmented into industrial/medical, consumer electronics, military/aerospace, and others. Among these, the consumer electronics segment accounted for the largest market share in 2020 and is expected to propel market growth at a significant rate during the review period.
The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to a strong presence of automotive and electrical electronics industries in China. Expanding industrialization in developing economies is likely to bolster market growth at a significant rate during the review period. The market growth in North America and European regions is expected to be driven by the established presence of the end-use industries.
Key Players
The following are some of the key players in the Double Sided Printed Circuit Board Market:
- ATS (Austria)
- Ibiden Co., Ltd. (Japan)
- Nippon Mektron Ltd. (Japan)
- Sumitomo Electric Industries, Ltd. (Japan)
- Shinko Electric Industries Co., Ltd. (Japan)
- Unimicron Technology Corporation (Taiwan)
- Compeq Manufacturing Co. Ltd. (Taiwan)
- Olympic incorporated (Japan)
- WUS Printed Circuits Co Ltd (China)
- Ellington Electronics Technology Group (China)
- Guangdong Goworld Co., Ltd. (China)
- Fastprint (China)
- Guangdong Chaohua Technology Co.,Ltd. (China)
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