Printed Circuit Board Market Boosted By Increasing EV Sales As Per The Business Research Company's Printed Circuit Board Global Market Report 2021


LONDON, Oct. 19, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company's research report on the printed circuit board market, increasing electric vehicle sales are expected to propel the growth of the printed circuit board market in the forecast period. Electric vehicles (EVs) are those that are powered entirely or partially by electricity. Printed circuit boards (PCBs) are used to connect electrical components in electric vehicles, such as simple audio and display systems. PCBs are also used in the production of charging stations, which allow electric vehicle users to charge their vehicles.

For instance, according to Bloomberg New Energy Finance (BNEF), a UK-based company that provides analysis, statistics, and news on the energy sector's transition, EVs are predicted to account for 10% of worldwide passenger car sales by 2025, growing to 28% in 2030 and 58% in 2040.

The printed circuit board market consists of sales of printed circuit boards by entities (organizations, sole traders, and partnerships) that are used to connect electronic and electrical components without the use of wires. Printed circuit boards are electric boards which help wiring surface-mounted and socketed components that are contained within a mechanical structure in most electronics. Their primary function is to physically support and electrically attach electronic devices by printing conductive pathways, tracks, or signal traces on copper sheets attached to a non-conductive substrate.

The Business Research Company's report titled Printed Circuit Board Global Market Report 2021 – By Type (Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI)), By Substrate (Rigid, Flexible, Rigid-Flex), By Laminate Type (Paper, FR-4, Polymide), By End-Use Industry (Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics), COVID-19 Growth And Change covers major printed circuit board companies, printed circuit board market share by company, printed circuit board manufacturers, printed circuit board market size, and printed circuit board market forecasts. The report also covers the global printed circuit board market and its segments.

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