• Blog
  • Aerospace Printed Circuit Board Pcb Market Report

    Aerospace Printed Circuit Board Pcb Market Report

    Aerospace Printed Circuit Board Pcb Market Report
    Report code - SRAD291 Published On : Apr,2022 No. of Pages: 152
    Get Free Sample |
    Aerospace Printed Circuit Board Market Size, Share, Trend, Forecast, Competitive Analysis, See more...

    Market Highlights

    Printed Circuit Boards or PCBs are boards that have lines, paths, and traces to mechanically support and electrically connect different components and are used as a base in electrical components. The board may act as a support and be used as a wiring area for the components that are surface-mounted and socketed.

    In the aerospace industry, a wide range of PCBs are used, such as rigid 1,2-sided, standard multilayer, flexible, rigid-flex, and HDI/Microvia/Build-up/ IC Substrate, depending upon the applications, like power supplies, power converters, radio communication, engine control systems, radars, health monitoring sensors, etc.

    Aerospace Printed Circuit Board Market – Snapshot

    Forecast Period

    2022-2027

    Market size in 2027

    US$ 1.7 Billion

    CAGR

    5.3%

    Major Platform Type

    Commercial Aircraft

    Major Product Type

    Standard Multilayer

    Major Laminate Material Type

    FR4

    Region with the highest demand

    North America

    Key Players

    TTM Technologies, Inc., Sanmina Corporation, Amphenol Corporation, AT&S, Advanced Circuits, Inc.

     

    Wish to get a free Sample? 

    The aerospace industry is shifting focus towards the usage of advanced materials in order to make the aircraft lightweight yet durable with an ultimate aim to enhance fuel efficiency. PCBs used nowadays are experiencing miniaturization of components in order to establish weight and space savings. The aerospace industry requires sturdier PCBs so as to withstand harsh conditions. Some of the key properties of PCBs targeting aerospace applications include high-temperature resistance, shock absorption, high durability, and reliability.

    The outbreak of the COVID-19 pandemic shook the aerospace industry due to cancellations of orders, a drop in revenue passenger kilometers, and supply chain disruptions. As a result, the industry recorded a massive decline in the year 2020 across regions. However, PCBs are among few products that recorded a minimal decline in the aerospace industry in 2020, credit goes to the shortage of PCB supplies, which triggered tier players to procure PCBs in large quantities in the uncertain supply scenario. The global aerospace printed circuit board market witnessed a decline of -4.3% in 2020 amid the pandemic.

    The market got recovered from the disruption brought by the COVID pandemic in the year 2021 due to economic recovery, gradual increase in RPKs, and regain of normalcy in major cities with the end of lockdowns. The aerospace printed circuit board market is estimated to grow at a healthy CAGR of 5.3% during the forecast period to reach a value of US$ 1.7 Billion in 2027. Major factors, such as the expected rise in the production rate of key aircraft programs, market entry of upcoming aircraft programs, increasing use of in-flight entertainment (IFE), and increasing electronic content in the latest aircraft programs, are likely to drive the growth of the aerospace PCB market.

    Segments' Analysis

    Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, spacecraft, and Unmanned Aerial vehicles (UAV). Commercial aircraft is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Increasing miniaturization of components, demand for lightweight yet durable components and parts; strong industry fundamentals; expected market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as A320neo and B777X; and rebounding commercial and regional aircraft deliveries across regions, are the key factors propelling the demand for circuit boards in the commercial aircraft segment.

    Based on the product type, the market is segmented into rigid 1,2-sided, standard multilayer, flexible, rigid-flex, High-Density Interconnect (HDI)/Microvia/build-up/IC substrate, and others. Standard multilayer held the largest share of the market as it offers various advantages (space and weight savings, high reliability and efficiency, and high assembly density) over other PCB types, making it the preferred choice for multiple applications. HDI/Microvia/build-up/IC substrate is expected to grow with the highest growth during the forecast period due to increasing demand for weight-reduction through miniaturization of components used in various applications. In addition to that, HDI/Microvia/build-up/IC substrate offers various advantages such as higher performance and space-saving.  

    Based on the laminate material type, the market is segmented as FR4, polyimide, and others. FR4 is expected to remain the most preferred laminate type in the market during the forecast period. FR4 offers various advantages, such as high strength, excellent moisture resistance, weight savings, lower cost, and fire resistance, which make them the preferred material for a wide array of applications in the aerospace industry such as aerospace probes, navigation systems, radar systems, satellite tracking system, and airplane autopilot.

    In terms of regions, North America is expected to remain the largest market for aerospace printed circuit boards over the forecast period. Major factors, such as the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators, are driving the growth of the region’s market. In addition to that, most of the printed circuit board manufacturers have their presence in the region, such as TTM Technologies, Sanmina Corporation, and Amphenol Corporation, to address the emergent needs of OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

    Asia-Pacific is expected to witness the highest growth during the same period propelled by factors such as increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, the expected launch of COMAC C919, and rising aircraft fleet size.

    Key Players

     

    The aerospace PCB Market is highly consolidated with the top five players securing a mammoth share in 2021. All the major printed circuit board manufacturers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, some of the most common strategies adopted by them include new product development, development of a vast product portfolio, and execution of M&As to quickly gain market share. For instance, TTM Technologies acquired i3 Electronic, Inc. and Anaren Inc. in the year 2019 and 2018 respectively. The following are some of the key players in the aerospace printed circuit board market:

    • TTM Technologies, Inc.
    • Sanmina Corporation
    • Amphenol Corporation
    • AT&S
    • Advanced Circuits, Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace printed circuit board market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 12 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

     

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aerospace printed circuit board market is segmented into the following categories:

    Aerospace Printed Circuit Board Market, by Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Unmanned Aerial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aerospace Printed Circuit Board Market, by Product Type

    • Rigid 1,2-Sided (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Standard Multilayer (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Flexible (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Rigid-Flex (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • High-Density Interconnect/Microvia/Build-Up/IC Substrate (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aerospace Printed Circuit Board Market, by Laminate Material Type

    • FR4 (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Polyimide (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aerospace Printed Circuit Board Market, by Application Type

    • Power Supplies (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Power Converters (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Radio Communication (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Engine Control Systems (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Radars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Health Monitoring Sensors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aerospace Printed Circuit Board Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to five players)
    • SWOT analysis of key players (up to five players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The aerospace printed circuit board market is estimated to grow at a healthy CAGR of 5.3% over the next five years to reach a value of US$ 1.7 Billion in 2027 owing to the expected rebound in commercial and regional aircraft deliveries, increasing use of in-flight entertainment, and continuous rise in the use of electrical & electronic components in the aircraft industry

    TTM Technologies, Inc., Sanmina Corporation, Amphenol Corporation, AT&S, and Advanced Circuits, Inc. are some of the key players in the market. The key players have the capabilities to manufacture all the PCB product types, serving a wide range of aerospace applications.

    North America is likely to maintain its dominant position in the aerospace printed circuit board market during the forecast period. The USA is likely to remain the growth engine of the regions market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Also, North America is home to several aerospace PCB manufacturers including some of the major players.

    FR4 is expected to remain the most dominant laminate material type in the aerospace printed circuit board market in the coming years.

    Commercial aircraft is expected to remain the dominant platform type in the aerospace printed circuit board market over the next five years.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years. China, the largest producer of PCBs, globally is likely to drive the growth of the region's market. In addition to that, the opening of plants by Boeing and Airbus is further expected to drive market growth during the forecast period.

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities


       

    ×