Global Printed circuit boards for Aerospace & aviation Market Size, Production, Sales, Average Product Price, Market Share, Import vs Export – United States, Europe, APAC, Latin America, Middle East & Africa

Global Printed circuit boards for Aerospace & aviation Market Revenue Size and Production Analysis, till 2032

Global Printed circuit boards for Aerospace & aviation Market Size is expected to grow at an impressive rate during the timeframe (2024-2032). Printed circuit boards for Aerospace & aviation demand is growing due to

1  Technological Advancements: Aerospace and aviation industries are adopting more advanced and sophisticated electronic systems, which require high-performance PCBs. These systems include avionics, communication, navigation, and control systems.

2  Miniaturization: The trend towards smaller, lighter, and more efficient components in aircraft design is driving the demand for advanced PCBs. These boards are becoming smaller in size but more complex, requiring high-density interconnect (HDI) technology.

3  Increased Safety and Reliability Requirements: Aerospace systems require extremely reliable and fault-tolerant electronics to ensure the safety and performance of the aircraft. PCBs used in these applications must meet stringent standards and undergo rigorous testing to ensure durability and resilience under harsh conditions.

4  Fuel Efficiency and Performance: New innovations aimed at reducing fuel consumption and increasing the overall performance of aircraft require more advanced electronic systems. PCBs are crucial for enabling these systems, particularly in modern aircraft engines and systems that optimize fuel efficiency.

5  Growth in Electric Aircraft: The development of electric and hybrid-electric aircraft is creating a significant demand for power management and control systems, which rely heavily on PCBs for efficient operation. These systems require high-performance PCBs for battery management, power conversion, and control.

6  Space Exploration and Satellites: The growing space exploration and satellite market, which includes both government and private sector ventures, further drives the demand for specialized PCBs. Space applications often require PCBs with high-temperature resistance, radiation resistance, and other specialized properties.

7  Long Lifecycle of Aerospace Components: Aerospace components typically have long lifecycles, and upgrading existing systems with new PCB technologies ensures longer service life and more efficient operations. As a result, maintenance, repair, and upgrades also contribute to ongoing PCB demand.

8  Increasing Commercial Aircraft Production: With the rise in global air travel and an increase in the number of commercial aircraft being produced, the demand for reliable electronic systems in these aircraft is growing, leading to an increase in the demand for aerospace-grade PCBs.

9  Autonomous and Advanced Flight Systems: The rise of unmanned aerial vehicles (UAVs) and advanced flight control systems is driving the need for high-performance PCBs that can support complex autonomous systems, sensors, and communication technologies.

United States Printed circuit boards for Aerospace & aviation Market Recent Developments and Business Opportunities

1  Growing Aircraft Production: The global surge in aircraft production is directly impacting PCB demand, as advanced aircraft systems require highly reliable and efficient PCBs to support avionic, communication, and navigation systems​.

2  Defense and National Security Investments: The U.S. Department of Defense has awarded substantial funding to enhance domestic PCB manufacturing. TTM Technologies, for instance, secured a $30 million contract to expand its capabilities, which will help increase production of high-density, ultra-reliable PCBs crucial for defense programs. This move reflects a broader trend of increasing defense-related PCB demand​.

3  Technological Innovations: As aerospace systems become more sophisticated, there is an increasing demand for smaller, lighter, and more durable PCBs that can withstand harsh aerospace environments. The growing integration of electric and hybrid-electric propulsion systems in aircraft also drives the need for innovative PCB solutions​.

4  Supply Chain Resilience: The push for local production capabilities, especially in the wake of global supply chain disruptions, has led to initiatives like TTM’s new facility, set to bolster U.S. PCB production while enhancing supply chain resilience.

Europe Printed circuit boards for Aerospace & aviation Market Recent Developments and Business Opportunities by Country

Germany has significantly increased its defense budget to modernize its military infrastructure, leading to higher demand for high-performance components like PCBs for aerospace applications. Additionally, Germany’s push to attract private investment in satellite manufacturing boosts the need for specialized PCBs in space technology​.

France is also seeing an uptick in demand, with ongoing defense procurement programs and a commitment to modernizing its military technology. France’s role as a key player in commercial aircraft manufacturing further strengthens the aerospace PCB market​.

The UK has experienced a growing aerospace market with major players like BAE Systems and Rolls-Royce leading in both commercial and defense aviation. This growth is mirrored by an increasing need for high-reliability PCBs in aircraft and UAVs​.

Overall, leading companies in Europe such as Jabil Inc., Aspocomp Group PLC, and Benchmark Electronics are playing a critical role in this market. These companies are continuously enhancing their PCB offerings to meet the sophisticated needs of the aerospace sector, especially in avionics, communication, and radar systems​.

Middle East Printed circuit boards for Aerospace & aviation Market Recent Developments and Business Opportunities by Country

1  Defense and Aerospace Advancements: The UAE and Saudi Arabia are focusing on boosting their aerospace capabilities, including satellite systems, which require high-performance PCBs​.

2  Technological Evolution: The integration of sophisticated electronics into aircraft and drones has led to increased PCB demand​.

3  Regional Manufacturing Growth: Countries such as Saudi Arabia are aiming to diversify their industrial base, including electronics manufacturing for high-tech sectors like aerospace.

Asia Pacific Printed circuit boards for Aerospace & aviation Market Recent Developments and Business Opportunities by Country

The Asia Pacific market for printed circuit boards (PCBs) used in aerospace and aviation is experiencing notable growth and development across several countries. The region’s dominance in global electronics production and the increasing integration of PCBs in aerospace technology are key drivers.

China is a major player in the market, contributing significantly with a projected market size of USD 7.9 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.5%. This is supported by China’s innovation and its established position in the electronics supply chain.​

India is also emerging as a strong market, expected to grow at an even higher CAGR of 8.3%, with a projected market size of USD 2.1 billion. This growth is driven by advancements in PCB technologies, such as high-density interconnect (HDI) and flexible PCBs, which are increasingly used in high-performance aerospace systems​.

Japan’s PCB market, valued at USD 2.4 billion in 2024, is expected to grow at a CAGR of 5.0%. Japan’s aerospace sector is benefiting from the increased demand for advanced PCBs used in avionics and other aviation technologies​.

South Korea is another important market, with a projected CAGR of 5.6% and a market size of USD 1.8 billion in 2024. The country’s aerospace industry is expanding, creating opportunities for PCB manufacturers specializing in high-performance and reliable circuits​.

Additionally, Southeast Asia is expected to grow rapidly, with a CAGR of 7.5%, reflecting increasing industrial activity and investment in advanced manufacturing techniques​.

Global Printed circuit boards for Aerospace & aviation Analysis by Market Segmentation

Key Segments:

1. Type:

1. • Multilayer PCBs are expected to dominate due to their higher density and efficiency, which is essential for aerospace and aviation applications where space and performance are crucial​.
   • HDI (High-Density Interconnect) PCBs, offering advanced capabilities for high-frequency and high-performance applications, are also gaining popularity​.

2. Substrate:

1. • Rigid and Flexible PCBs are in high demand, with the flexible segment expected to grow, particularly due to its advantages in weight, cost, and design flexibility​.
   • Rigid-Flex PCBs combine the benefits of rigid and flexible designs, making them ideal for complex aerospace systems.

3. End-User:

1. • The Aerospace & Defense segment is one of the largest consumers of PCBs, with applications ranging from communication systems to flight control systems​.
   • Consumer electronics also plays a significant role in driving PCB demand, particularly with the increasing use of electronic systems in aerospace for navigation, communication, and avionics​.

4. Region:

1. • North America remains the largest market for PCBs, driven by heavy investments in aerospace and defense​.
   • The Asia-Pacific region, particularly China, Japan, and South Korea, is experiencing rapid growth due to its manufacturing capabilities and strong demand for electronic components.

Printed circuit boards for Aerospace & aviation Production and Import-Export Scenario

Production Trends: The global PCB industry is expected to see growth, with a projected 6.3% increase in 2024, reaching $78.2 billion in output. This growth follows a downturn in 2023, caused by supply chain disruptions during the COVID-19 pandemic and subsequent market adjustments​.

In Asia-Pacific, countries like Taiwan, Japan, and China continue to be major producers, although Southeast Asia (notably Thailand and Vietnam) is emerging as a key hub due to shifting investments and market diversification strategies​.

Import-Export Scenario:

• The United States is a major importer of PCBs, especially from China and Taiwan, with imports reaching $2.98 billion in 2022. The U.S. also exports a significant amount of PCBs, primarily to Mexico​
• China, despite facing production challenges, remains the dominant exporter, while Japan and South Korea also contribute significantly to global PCB trade​.
• Within the aerospace and aviation sectors, demand for advanced, high-performance PCBs continues to rise, driven by increasing automation, electrification in aviation systems, and the demand for smaller, more efficient devices in aircraft systems.

Countries like China and Taiwan have robust manufacturing capabilities, though South Korea and Japan are important players, particularly in more specialized aerospace-grade PCBs. Moreover, trade tensions, such as the U.S.-China tech sanctions, are influencing shifts in trade flows and manufacturing investments in regions like Southeast Asia

Market Scenario, Demand vs Supply, Average Product Price, Import vs Export, till 2032

• Global Printed circuit boards for Aerospace & aviation Market revenue and demand by region
• Global Printed circuit boards for Aerospace & aviation Market production and sales volume
• United States Printed circuit boards for Aerospace & aviation Market revenue size and demand by country
• Europe Printed circuit boards for Aerospace & aviation Market revenue size and demand by country
• Asia Pacific Printed circuit boards for Aerospace & aviation Market revenue size and demand by country
• Middle East & Africa Printed circuit boards for Aerospace & aviation Market revenue size and demand by country
• Latin America Printed circuit boards for Aerospace & aviation Market revenue size and demand by
• Import-export scenario – United States, Europe, APAC, Latin America, Middle East & Africa
• Average product price – United States, Europe, APAC, Latin America, Middle East & Africa
• Market player analysis, competitive scenario, market share analysis
• Business opportunity analysis

Key questions answered in the Global Printed circuit boards for Aerospace & aviation Market Analysis Report:

• What is the market size for Printed circuit boards for Aerospace & aviation in United States, Europe, APAC, Middle East & Africa, Latin America?
• What is the yearly sales volume of Printed circuit boards for Aerospace & aviation and how is the demand rising?
• Who are the top market players by market share, in each product segment?
• Which is the fastest growing business/ product segment?
• What should be the business strategies and Go to Market strategies?

The report covers Printed circuit boards for Aerospace & aviation Market revenue, Production, Sales volume, by regions, (further split into countries): 

• Asia Pacific (China, Japan, South Korea, India, Indonesia, Vietnam, Rest of APAC)
• Europe (UK, Germany, France, Italy, Spain, Benelux, Poland, Rest of Europe)
• North America (United States, Canada, Mexico)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa

Table of Contents:

1. Product Overview and Scope of Printed circuit boards for Aerospace & aviation
2. Printed circuit boards for Aerospace & aviation Segment Analysis by Product Category
3. Global Printed circuit boards for Aerospace & aviation Revenue Estimates and Forecasts (2019-2032)
4. United States market size, production, sales, average price, import vs exports
5. Europe market size, production, sales, average price, import vs exports
6. Asia Pacific market size, production, sales, average price, import vs exports
7. Latin America market size, production, sales, average price, import vs exports
8. Middle East & Africa market size, production, sales, average price, import vs exports
9. Printed circuit boards for Aerospace & aviation Production Estimates and Forecasts (2019-2032)
10. Market Competition by Manufacturers
11. Global Printed circuit boards for Aerospace & aviation Production by Manufacturers
12. Global Printed circuit boards for Aerospace & aviation Revenue Market Share by Manufacturers (2019-2023)
13. Production Analysis
14. Printed circuit boards for Aerospace & aviation Production, Revenue, Price and Gross Margin (2019-2024)
15. Printed circuit boards for Aerospace & aviation Production VS Export
16. Printed circuit boards for Aerospace & aviation Consumption VS Import
17. Consumption Analysis
18. Printed circuit boards for Aerospace & aviation Consumption by Region
19. Printed circuit boards for Aerospace & aviation Consumption by Product
20. Printed circuit boards for Aerospace & aviation Consumption Market Share by Product
21. Global Production of Printed circuit boards for Aerospace & aviation by Product (2019-2024)
22. Revenue Market Share by Product (2019-2024)
23. Production, Revenue, Price and Gross Margin (2019-2024)
24. Printed circuit boards for Aerospace & aviation Manufacturing Cost Analysis
25. Printed circuit boards for Aerospace & aviation Key Raw Materials Analysis
26. Key Raw Materials
27. Key Suppliers of Raw Materials
28. Proportion of Manufacturing Cost Structure
29. Printed circuit boards for Aerospace & aviation Industrial Chain Analysis
30. Marketing Channel, Distributors and Customers
31. Printed circuit boards for Aerospace & aviation Distributors List
32. Printed circuit boards for Aerospace & aviation Sales Partners
33. Printed circuit boards for Aerospace & aviation Customers List
34. Production and Supply Forecast