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Printed Circuit Board (PCB) Market size to grow by USD 19.05 billion from 2022 to 207, The rising industry automation is an emerging trend shaping the market, Technavio

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NEW YORK, March 4, 2024 /PRNewswire/ — The printed circuit board (PCB) market is set to grow by USD 19.05 billion from 2022 to 2027. The market is estimated to be progressing at a CAGR of 5.05% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The rising industry automation is an emerging trend shaping the market. There is increasing adoption of automation across industries as several desktops and machines are being set up for more effective and efficient control systems. As a result, several industries are forced to adapt to automation to sustain the competition in the market, as automation offers them optimum efficiency in productivity, operation costs, product quality, and safety. But due to the increasing adoption, optimum power consumption can be a significant challenge. Hence PCBs are increasingly adopted across industries to ensure efficient power consumption within the minimal size of the application. One of the main functionality of PCBs includes withstanding peak temperatures and voltages. Hence, such factors are expected to drive market growth during the forecast period. Download Sample Report in minutes!

Market Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.05%

Market growth 2023-2027

USD 19.06 billion

Market structure

Fragmented

YoY growth (%)

4.25

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 84%

Key countries

US, China, Taiwan, South Korea, and Japan

The rising adoption of smartphones

Factors such as the availability of low-cost smartphones and growing global Internet penetration are expected to fuel the adoption of smartphones globally. Furthermore, developing economies like India and China are becoming significant emerging markets for smartphones due to the rising disposable income of people and growing population. Additionally, there is an increasing advancement in smartphone technology from G LTE to 5G, with RF front-ends using up more space in 5G smartphones. Hence, such factors are expected to drive market growth during the forecast period.

Environmental concerns regarding the disposal of PCBs can hinder market growth. Download Sample Report in minutes!

Market Segmentation

This report extensively covers market segmentation by end-user (communication network infrastructure, consumer electronics, automotive electronics, military and aerospace, and others), product (4-6 low, substrates, 1-2 sided, flexible, and others),  and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The market share growth by the communication network infrastructure segment is significant for market growth during the forecast period. The rapid transition from 4G to 5G in the US  and other developed economies is fuelling the communication network infrastructure segment. As a result, it will propel the demand for PCBs as it is an essential component for communication network infrastructure equipment such as enterprise network equipment, wireline network equipment, subscriber equipment, and cable/multiservice operator equipment. Hence, such factors are expected to drive the growth of this segment which in turn will drive the growth of the market during the forecast period. View Sample Report

Companies Mentioned

Advanced Circuits Inc.China Circuit Technology Shantou Corp.Compeq Manufacturing Co. Ltd.Daedeok Electronics Co. Ltd.Dana Inc.Dynamic Electronics Co. Ltd.Ibiden Co. Ltd.Korea Circuit Co. Ltd.MFS Technology S Pte Ltd.NOK Corp.Samsung Electronics Co. Ltd.Shenzhen Kinwong Electronic Co. Ltd.Shenzhen SenYan Circuit Co. Ltd.Sumitomo Electric Industries Ltd.SVR Technologies Pvt. Ltd.Toyota Motor Corp.TTM Technologies Inc.United Microelectronics Corp.Vishal InternationalZhen Ding Technology Holding Ltd.

Vendor Offerings

Samsung Electronics Co. Ltd: The company offers printed circuit boards such as Samsung ST1000LM024, and Samsung HD753LJ.NOK Corp: The company offers printed circuit boards such as Single sided FPCs, Double sided FPCs, and Multilayer FPCs.Shenzhen Kinwong Electronic Co. Ltd: The company offers printed circuit boards such as 2, 3, 4, and 6-layer PCB. Gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform

Analyst Review

The Printed Circuit Board (PCB) market is experiencing a significant transformation, driven by technological advancements and the rapid proliferation of 5G, Internet of Things (IoT), and Artificial Intelligence. These innovations are reshaping various sectors, including Consumer Electronics, Industrial Internet of Things (IIoT), and End-User Industries.

The advent of 5G technology is propelling the demand for PCBs in Smartphones, Tablets, and other Smart Devices, as they require high-performance PCBs to handle the increased data transfer speeds and connectivity. Moreover, the rise of IoT and Internet of Vehicles is leading to an exponential growth in PCB usage in Wearable Devices, Airplane Cockpit Instruments, and MRI Systems.

As the demand for Consumer Electronics continues to soar, PCB manufacturers are facing challenges related to Miniaturization and Design Complexities. To address these challenges, the industry is focusing on Integrated Manufacturing processes and collaborating with Design and Engineering Partners to develop innovative solutions.

However, the rapid evolution of electronics also raises concerns about Electronic Waste and Hazardous Materials such as Lead, Mercury, Cadmium, and Brominated Flame Retardants present in PCBs. Efforts are being made to mitigate environmental impact through initiatives like CSIL (Circular Supply-Chain Initiative for Lead-Free Electronics).

In response to the growing demand for high-quality PCBs, suppliers are enhancing their Electronic Components and PCB Power capabilities to meet the requirements of OEMs and various industries. This has led to a surge in PCB Sales across the globe, contributing to the resilience of the Global Economy.

In conclusion, the PCB market is witnessing dynamic changes fueled by advancements in technology and the increasing integration of electronics in everyday life. With a focus on innovation, sustainability, and collaboration, the industry is poised for continued growth and development in the years to come. View Sample Report

Related Reports:
The flexible printed circuit board market size is expected to increase by USD 1.64 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.73%.

The North American miniature circuit breaker market size is estimated to grow at a CAGR of 5.22% between 2022 and 2027. The market size is forecast to increase by USD 75.89 million

TOC

Executive SummaryMarket LandscapeMarket SizingHistoric Market SizeFive Forces AnalysisMarket Segmentation by End-UserMarket Segmentaion by ProductCustomer LandscapeGeographic LandscapeDrivers, Challenges, and TrendsCompany LandscapeCompany AnalysisAppendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

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OceanBase Receives Honorable Mention for the Second Consecutive Year in the 2024 Gartner® Magic Quadrant™ Report

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — OceanBase has once again been named as Honorable Mention in the 2024 Gartner® Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS), marking the second consecutive year it has received this recognition.

OceanBase offers scalable distributed database for data-intensive transactional and real-time operational analytics workloads, with ultra-fast performance and high compatibility across major global cloud infrastructures, including Amazon Web Services, Google Cloud, Alibaba Cloud and Tencent Cloud. Operating across more than 30 regions in Asia, Europe, and America, OceanBase has already served over 2,000 customers, such as SAIC Volkswagen, DiDi Global, vivo, Pop Mart, Haidilao, Kwai, Trip.com, GCash, DANA, and PalmPay.

Over the past year, OceanBase has made significant strides in the Southeast Asian market. In December 2024, Starpay, a leading financial technology company in the Philippines, announced a partnership with OceanBase to leverage its cutting-edge distributed database solutions.

OceanBase hosted the inaugural OceanBase INFINITY tech conference in Jakarta, Indonesia in June 2024. During the event, the company announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market.

According to Gartner’s latest DBMS market data in the Magic Quadrant, “the overall database management system market grew by 13.4% in 2023, reaching $103.2 billion“, up from $91 billion in 2022. The DBMS segment remains one of the fastest-growing areas within the software market, alongside analytic platforms, networking software, and supply chain management software.

In May 2024, OceanBase was also recognized as an Asia/Pacific Customers’ Choice and also named a Strong Performer in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud DBMS report.

Gartner, Magic Quadrant for Cloud Database Management Systems, 18 December 2024

Gartner, Voice of the Customer for Cloud Database Management Systems, 24 May 2024

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER, MGAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About OceanBase

OceanBase is a distributed database launched in 2010. It provides strong data consistency, high availability, high performance, cost efficiency, elastic scalability, and compatibility with mainstream relational databases. It handles transactional, analytical, and AI workloads through a unified data engine, enabling mission-critical applications and real-time analytics.

To learn more, please visit: https://www.oceanbase.com/

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SOURCE OceanBase

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Matwings Technology Raised Series A Funding of Tens of Millions USD to Redefine Protein Design

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‘Beyond Structure, Predicting Function’

SHANGHAI, Dec. 25, 2024 /PRNewswire/ — Recently, Shanghai Matwings Technology Co., Ltd. (‘Matwings’), a global leader in AI-driven protein design, announced the successful completion of Series A funding rounds, raising tens of millions of USD, led by Qiming Venture Partners.

Matwings is pioneering a new frontier in protein engineering with its proprietary AI-based general protein design platform, AccelProtein™, which directly predicts protein functionality beyond the structural data. By predicting functionality, AccelProtein™ offers a new approach for acquiring high-functioning proteins.

AccelProtein™ is built on the Pro-PRIME model, a breakthrough developed by a collaborative team led by Professor Liang Hong at Shanghai Jiao Tong University. After years of research focused on data collection, curation, and optimization, the team developed the Pro-series – an AI framework for protein design. Their work, titled “A General Temperature-Guided Language Model to Design Proteins of Enhanced Stability and Activity” was recently published in Science Advances.

A featured case of AccelProtein™’s impact is the design of a specialized Glycosyltransferase enzyme, which is used in the production of EPS-G7, a core material for pancreatitis screening. Within just 4 months, Matwings increased the enzyme’s total glycosylation activity by 7 times, enhanced product specificity from 60% to 98%, and reduced hydrolytic activity by 33%. These improvements cut down the cost of EPS-G7 by 90%.

In another application, Matwings successfully engineered a super alkali-resistant affinity ligand (a nanobody) for affinity chromatography, improving alkali resistance by 3 folds, binding capacity over 100%, and heat stability by 8℃. This innovation saved millions of USD in CMC costs for a Matwings client. Additionally, scale-up production to 5000L has been successfully completed. Such advancement enables low-cost affinity chromatography purification a viable option for a wide range of biologics, bringing more cost-effective solutions for drug production.

Since 2021, Matwings has successfully delivered over 30 protein-engineering and enzyme-mining projects either proprietary (e.g., Enterokinase, Carboxypeptidase B, KEX2 Protease, Maltogenic Amylase, Subtilisin, Protein A, PETase, T7 RNA Polymerase, and phi29 DNA Polymerase) and co-developed with our stakeholders. These projects span across various applications, including drug innovation, in vitro diagnostics, nutrition and healthcare, food and beverage, and green energy.

About Matwings

Matwings, founded in 2021 by an elite team from Shanghai Jiao Tong University, is one of the earliest companies to focus on AI protein models.

Matwings is dedicated to moving beyond directed evolution methods to design and engineer functionally optimized proteins by leveraging a proprietary, pre-trained, AI-based general protein design platform with 780 million curated full-length protein sequence data, including nearly 500 million private data.

This cutting-edge technology platform, AccelProtein™, enables us to engineer proteins and uncover or de novo design novel proteins with significantly improved properties, including stability, activity, affinity, yield, etc.

To date, Matwings has successfully engineered more than 30 proteins either proprietary or co-developed with its stakeholders, and more than 40 ongoing projects across various applications in pharmaceutical industries and synthetic biology industries, e.g.  key enzymes and proteins for CMC, innovative Biologics, synthetic biology and more.

Matwings is actively seeking global partnerships to jointly develop and commercialize new products.

Contact Information:
Email: info@matwings.com
Website: https://www.matwings.com/en/ 
Tel: +86 158 2106 5410
Paper Link: https://www.science.org/doi/10.1126/sciadv.adr2641 

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Agoda Highlights Tokyo as Top Global New Year’s Eve Destination

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Digital travel platform Agoda has announced Tokyo as the most popular destination for New Year’s Eve, based on accommodation searches. This marks a shift from last year when Taipei held the top spot. Following Tokyo, the list includes Bangkok, Taipei, Pattaya, and Osaka, showcasing a diverse range of preferences among travelers.

The data highlights a perpetual interest in Tokyo, a city known for its unique blend of tradition and modernity. Travelers are drawn to its vibrant celebrations, cultural experiences, and iconic landmarks. Bangkok and Taipei, too, continue to be favored destinations, offering rich cultural festivities and lively atmospheres. Pattaya and Osaka also make the list, appealing to those seeking beachside celebrations and culinary delights, respectively.

Agoda’s data reveals Tokyo’s prominence not only on a worldwide scale but also within Japan. Domestic accommodation searches have increased by 23%, with Tokyo leading as the preferred destination, followed by Osaka, Kyoto, Yokohama, and Okinawa Main Island. For Japanese traveling abroad, the destinations primarily considered are Taipei, Seoul, Bangkok, Pattaya, and Hong Kong.

Hiroto Ooka, Associate Vice President North Asia at Agoda said: “Tokyo’s rise to the top of Agoda’s New Year’s Eve destination list is a testament to the city’s global appeal. Whether you’re celebrating New Year’s Eve in Tokyo, Osaka, or anywhere else in the world, Agoda is ready to help you find the perfect spot to ring in the New Year.”

As travelers prepare for their New Year’s Eve plans, Agoda offers a comprehensive selection of over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all available for seamless booking. Download the Agoda app for the latest deals or visit agoda.com/deals.

 

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SOURCE Agoda

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