The server PCB market is estimated to be valued at US$ 45.22 billion in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights
Market Overview:
The server PCB market refers to the demand and supply of printed circuit boards (PCBs) specifically designed for servers. These PCBs play a crucial role in providing connectivity and support to various components of servers, such as processors, memory modules, and storage devices. They are essential for ensuring the smooth functioning and optimal performance of servers in data centers. With the increasing demand for advanced IT infrastructure and the rising adoption of cloud computing services, the server PCB market is expected to witness significant growth in the coming years.
Market Dynamics:
The growth of the server PCB market can be attributed to two key drivers. Firstly, the increasing demand for advanced IT infrastructure is driving the need for high-performance servers, which, in turn, is fueling the demand for server PCBs. The growing digitization of businesses and the rising volume of data generated has created a need for more powerful and efficient servers. Secondly, the rising adoption of cloud computing services is further propelling the demand for server PCBs. Cloud computing requires a robust and reliable infrastructure, and server PCBs play a crucial role in providing the necessary connectivity and support for cloud-based applications and services. These drivers are expected to contribute to the growth of the server PCB market over the forecast period.
Segment Analysis:
The server PCB market can be segmented based on type, application, and region. In terms of type, the market can be divided into single-sided PCBs, double-sided PCBs, and multi-layered PCBs. Among these, multi-layered PCBs dominate the market due to their ability to provide high-density interconnectivity, improved reliability, and compact size. Multi-layered PCBs are widely used in servers as they allow for the integration of multiple components and circuits within a single board, enhancing the overall performance and efficiency of the server system.
PEST Analysis:
Political: The server PCB market is subject to political factors such as government regulations, trade policies, and intellectual property rights. Changes in these factors can impact the import and export of PCBs and influence the competitive landscape of the market.
Economic: The economic stability and growth of countries influence the demand for servers, which, in turn, drives the market for PCBs. Factors such as GDP growth, disposable income, and business investments affect the purchasing power of end-users and their willingness to invest in advanced server systems.
Social: The growing digitization and increasing demand for data centers in various industries are key social factors driving the demand for servers and, consequently, server PCBs. The need for efficient data processing, storage, and management drives the adoption of servers, fueling the growth of the PCB market.
Technological: Technological advancements in PCB design and manufacturing techniques have significantly improved the performance and functionality of server PCBs. Innovations such as flexible PCBs and miniaturization techniques have enabled the development of compact and high-performance server systems.
Key Takeaways:
The Global Server PCB Market Demand is expected to witness high growth, exhibiting a CAGR of 7.5% over the forecast period (2023-2030). The increasing demand for high-performance servers in various industries, such as IT & telecommunications, healthcare, and BFSI, is a major driver for market growth. The need for efficient data processing, storage, and management, along with the growing usage of cloud services, is propelling the demand for advanced server systems.
In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the server PCB market. This can be attributed to the presence of major electronics manufacturing hubs in countries like China, Taiwan, and South Korea. These countries have a strong manufacturing base and supply chain networks for electronic components, including PCBs. Additionally, the increasing investments in data centers and the rapid growth of the IT industry in the region are driving the demand for high-performance servers and PCBs.
Key players operating in the server PCB market include Nanya PCB, Tripod Technology Corporation, Unimicron Technology Corporation, and Ibiden Co., Ltd. These companies are investing in research and development activities to introduce innovative PCB designs and manufacturing techniques. Other key players such as Compeq Manufacturing Co., Ltd., TTM Technologies, Inc., Kingboard Holdings Limited, Shennan Circuits Company Limited
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
