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According to the latest market research, the HDI (High-Density Interconnect) flexible PCB market continues to show significant growth in 2024. The global PCB market is projected to reach USD 76.12 billion in 2024 and increase to USD 93.87 billion by 2029, with a compound annual growth rate (CAGR) of 4.28%.
The proliferation of 5G networks has driven the demand for high-frequency, high-speed signal processing PCBs. Mixed-signal PCBs are crucial for achieving low latency and extended connectivity, fostering innovation in 5G devices.
The widespread application of IoT devices requires small, efficient PCBs to support wireless monitoring and control in homes and workplaces. The IoV enhances road safety and traffic efficiency through V2V (vehicle-to-vehicle) and V2I (vehicle-to-infrastructure) communication.
AI and ML applications in PCB manufacturing improve production precision and reliability, reducing the need for human intervention. The extensive deployment of AI technologies is expected to drive the growth of the AI server PCB market.
Despite a decline in consumer electronics sales in 2023 due to macroeconomic uncertainties and inflation, 2024 is expected to see a resurgence. The demand for high-quality PCBs in consumer electronics such as smartphones, tablets, laptops, and gaming consoles continues to rise, propelling market growth.
China remains the largest global PCB production base, thanks to its comprehensive industrial chain and strong manufacturing capabilities. Taiwan and South Korea also play significant roles in global PCB production. Key market players are expanding production facilities and engaging in technological collaborations to solidify their market positions. For instance, TTM Technologies has established new plants in Malaysia and Mexico to meet global demand.
With ongoing technological advancements and increasing global connectivity demands, the HDI flexible PCB market is expected to grow rapidly. The introduction of new technologies, such as Ultra HDI, will further drive innovation and market expansion.
