"The industry average is the least useful number in this market. One half is compounding at 45 to 70% a year, the other is barely growing. Those who price the average will misprice both," said Bilal Hachemi, Senior Technology & Market Analyst at Yole Group. 

The printed circuit board industry closed 2025 at about $88 billion in revenue, and a conservative forecast puts it at $140 billion by 2031, following an 8.1 percent CAGR. 

That headline figure averages two industries moving in opposite directions: an AI-driven segment compounding at 45 to 70 percent a year, and a barely growing commodity tail.

Against this backdrop, Yole Group, the market research & strategy consulting company, launches a new market & technology analysis, The Printed Circuit Board (PCB) Industry 2026 report.

Key Takeaways

• The PCB industry will be worth $140 billion by 2031 following an 8% CAGR from 2025
• AI-grade board and materials content rises...
• Value per system drives it: PCB content per NVIDIA rack rises more than 200% for the new generations.

Read more at: AI is splitting the PCB industry in two