NOV 15,2021 / IndustryNewsGlobal / The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aerospace Printed Circuit Board Market.
Stratview Research estimates that the Aerospace Printed Circuit Board Market will witness an enormous plunge from 2019 to 2020, before it starts recovering to recoup its 2019 level by 2023.
The impact of such trends can also be witnessed in the circuit boards market with huge short-term disruptions and long- Term sustainability. The market for aerospace circuit boards is expected to reach US $ 1.3 Billion in 2025.
Aerospace PCBs Market: Insights by Platform Type
"Commercial aircraft is hit the worst, but will still remain dominant."
Based on the platform type, the aerospace circuit board market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, spacecraft, and UAV. The demand for circuit boards is affected in all the platform types; however, commercial aircraft Is Anticipated To Be The Worst-Hit One.
Despite An Expected Severe Blow In 2020, Commercial Aircraft Is Expected To Maintain Dominance In The Coming Five Years. Factors Which Will Help Regain The Demand For PCBs In Commercial Aircraft In The Long Run Are Listed Below.
• Increasing Miniaturization Of Components,
• Greater Demand For Lightweight Yet Durable Components / Parts
• 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
• Expected rebound in commercial and regional aircraft deliveries
Aerospace PCBs Market: Insights by Laminate Material Type
"FR4 to maintain dominance due to its wide range of advantages."
Based on the laminate material type, the market is segmented as FR4, polyimide, and others. FR4 is expected to remain the most dominant laminate type in the market during the forecast period. FR4 offers various advantages, such as high strength, excellent moisture resistance
Aerospace , weight saving, lower cost, and fire resistance, which makes it the most preferred material for a wide array of applications in the aerospace industry including but not limited to aerospace probe, navigation systems, radar systems, satellite tracking system, and autopilot. Aerospace . PCBs Market: Regional Insights
North America, the largest market; Asia-Pacific, the fastest growing one
The impact of the pandemic has been worst with each region registering declines in double digits in the first quarter of 2020. It is visible that the market conditions would be even worse in the second half of the year. Among the regions, North America looks to One Of The Be Worst-Hit Markets.
Despite Being Hard-Hit By The Pandemic, The North America Is Anticipated To Be The Largest Market In The World During 2020-2025. Post Pandemic, The USA Is Expected To Rebound Quickly And Will Act As The presence of a large number of aircraft OEMs, tier players, PCB suppliers, and raw material suppliers would help in healing the dented growth of the country's market.
Key Players:
• Advanced Circuits, Inc.
• Amitron Corporation
• Amphenol Printed Circuits, Inc.
• Eltek, Epec, LLC
• Firan Technology Group Corp.
• IEC Electronics, Corp.
• Sanmina Corporation
• SMTC Corporation
• TTM Technologies, Inc.
Features of the Report
This report offers high-quality insights and is The outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry reagents and validation and triangulation with Stratview Research's internal database and statistical tools.
The Aerospace Printed Circuit Board Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• 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, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Us –
Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. Stratview Research possesses a global presence to enable current Market information using the most up-to-date methodology, best-in-class research techniques, and cost -effective approaches. We survey clients in several countries to provide you with the most comprehensive illustration of global trends and behaviors.