Substrate-Like-PCB Market Size (2024 - 2029)

The substrate-like PCB market is experiencing growth driven by the increasing adoption in OEMs, smart consumer electronics, and wearable devices, alongside the demand for miniaturization and efficient interconnect solutions. The market's expansion is significantly influenced by the shift towards 5G technology in smartphones, which is a major growth driver. Additionally, the rising demand for hybrid and battery electric vehicles, along with advanced safety features, is contributing to the market's growth. However, challenges such as a shortage of skilled labor, lack of standards, and high costs associated with substrate-like PCBs may hinder overall market expansion. The need for miniaturized and powerful substrates to support technological advancements like IoT and smart cars is expected to drive substantial market growth.

Market Size of Substrate-Like-PCB Industry

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substrate like pcb market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 12.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Substrate Like PCB Market Analysis

The Substrate-Like-PCB Market is expected to grow at a CAGR of 12% during the forecast period (2022 - 2027). Owing to the rising adoption of substrate-like PCB in OEMs, smart consumer electronics, and wearable devices, there is a growth in the substrate-like PCB market. The need for miniaturization and efficient interconnect solutions is also contributing to substrate-like PCB market growth. At present market is heavily dependent on high-end smartphone growth.

  • A PCB substrate is used as a medium between the PCB Board and the rest of the device body without the loss of any power or misfiring of the device. Interconnectors between both units are utilized to efficiently transfer signals to connected components, reducing the total number of connections and, consequently, the total power consumption.
  • Smartphone OEMs are increasingly using this SLP technology with a shift toward 5G, which is acting as the main driver for the growth of the market. MediaTek, which offers 5G SoCs, announced a doubled shipment in 2020, announcing that they manufactured nearly 40% of global smartphone SoCs. This indicates the growing demand for 5G devices, which is estimated to fuel the growth of substrate-like PCBs during the forecast period.
  • Increasing automobile production and sales and the increased incorporation of advanced safety features, some of which are mandated by government bodies, demand convenience and comfort systems. The growing demand for hybrid electric vehicles (HEV) and battery electric vehicles are the major factors that may drive the market growth during the forecast period.
  • Certain challenges will hinder the overall market growth. Factors such as a shortage of skilled labor and the absence of standards and protocols limit the market growth. Furthermore, complicated integrated systems and high-cost setups associated with substrate-like PCB are expected to slow growth during the forecast period.
  • With the rising trends in technologies such as IoT, 5G, and smart cars, it is required that the size of the PCB would be miniaturized and the substrates become much more powerful. Thus, substrate-like PCB will be used at a massive scale to support these technological trends.
  • Substrate manufacturing has been a massive restraint on the global chip supply chain. The sector's relatively newer origins paired with low margins have forced underinvestment in the market. Moreover, the pandemic forced a severe strain on the existing order of operations, enforced a global chip shortage that constricted personal computer sales, enforced idle plants, and raised costs for electronic devices under lockdown conditions.

Substrate Like PCB Industry Segmentation

Substrate-like-PCB (SLP) is a term that describes the transition of a PCB board into a product with package substrate-like features. Substrate-like-PCB utilizes thin conductors/interconnectors, which efficiently transfer signal and power to all connected components and reduce power consumption. Moreover, substrate-like-PCB are more effective in circuit protection and heat dissipation. Substrate-like-PCB has reached a line and space that is smaller than 30/30 mm, and substrate-like-PCB is a PCB that has feature sizes close to that of an IC substrate. Substrate-like PCB uses an additive etch process and has many applications.

The Substrate-Like-PCB Market is segmented by Application (Consumer Electronics, Automotive, Communication) and Geography.

Application
Consumer Electronics
Automotives
Communication
Other Applications
Geography
North America
Europe
Asia Pacific
Rest of the World
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Substrate-Like-PCB Market Size Summary

The substrate-like PCB market is experiencing significant growth, driven by the increasing adoption of this technology in original equipment manufacturers (OEMs), smart consumer electronics, and wearable devices. The demand for miniaturization and efficient interconnect solutions is further propelling market expansion. The market's current reliance on high-end smartphone growth, particularly with the shift towards 5G technology, is a major factor in its development. Companies like MediaTek are contributing to this trend by increasing their production of 5G system-on-chips (SoCs), which are essential for the proliferation of 5G devices. Additionally, the automotive sector's growing reliance on electronic components, especially in hybrid and battery electric vehicles, is expected to drive further market growth. However, challenges such as a shortage of skilled labor, lack of standards, and high costs associated with substrate-like PCBs may hinder overall market progress.

The Asia-Pacific region is emerging as a key player in the substrate-like PCB market, with significant investments and business expansion opportunities. The region's transition from 3G to 4G and 5G technologies, coupled with the increasing adoption of smartphones and expanding telecommunications infrastructure, is fueling market growth. Major manufacturers from South Korea, Taiwan, and Japan are leading production activities, with companies like ZD Tech and Meiko Electronics expanding their operations in Vietnam and China. The region's focus on zero-emission vehicle targets and the expansion of PCB manufacturing facilities, such as those by AT&S and Simmtech in Malaysia, further underscore the area's strategic importance. The market is consolidated, with top players like Kinsus Interconnect Technology Corp., Ibiden Co. Ltd., and others holding significant market shares, indicating a competitive landscape with ongoing technological advancements and regional diversification efforts.

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Substrate-Like-PCB Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Consumer Electronics

      2. 2.1.2 Automotives

      3. 2.1.3 Communication

      4. 2.1.4 Other Applications

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Europe

      3. 2.2.3 Asia Pacific

      4. 2.2.4 Rest of the World

Substrate-Like-PCB Market Size FAQs

The Substrate-Like-PCB Market is projected to register a CAGR of 12% during the forecast period (2024-2029)

Kinsus Interconnect Technology Corp., Ibiden Co. Ltd, Compeq Manufacturing Co. Ltd, Daeduck Electronics Co. Ltd and Unimicron Technology Corporation are the major companies operating in the Substrate-Like-PCB Market.

Substrate Like PCB Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)