The projected growth rate for the Iran Printed Circuit Boards Market stands at a CAGR of 5.3% between 2024 and 2030

By Type, the multi-layer PCBs category accomplished the maximum revenue share in Iran Printed Circuit Boards Market – 6Wresearch

In 2023, multi-layer PCBs held the highest revenue share in Iran printed circuit board market due to their applications in complex electronic devices and high-tech industries. The growing demand for sophisticated electronics, such as smartphones, computers, and advanced automotive systems, is driving the need for multi-layer PCBs.

According to 6Wresearch, the projected growth rate for the Iran Printed Circuit Boards Market stands at a CAGR of 5.3% between 2024 and 2030. Higher internet penetration and mobile usage in Iran, as evidenced by Ookla's data revealing a 62.7 percent increase in median mobile internet connection speed to 15.79 Mbps by early 2023, are driving a surge in demand for smartphones, tablets, and other connected devices. This trend underscores the growing reliance on advanced printed circuit boards (PCBs) to ensure the functionality and connectivity of these devices in Iran's evolving digital landscape.

Global sanctions have severely impacted Iran's economy, restricting international trade and foreign investment, leading to reduced revenue and higher inflation, thereby limiting the market for printed circuit boards. A World Bank report ranks Iran among the worst globally for governance, with rising inflation, declining living standards, and corruption sparking unrest. This instability, along with potential violent protests, can disrupt local supply chains and negatively impact the production and distribution of printed circuit boards (PCBs).

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, flexible printed circuit boards (PCBs) are expected to see the highest growth due to their critical role in the design of compact, lightweight electronic devices, such as wearables and smartphones. Their versatility allows them to be bent and folded, making them ideal for tight spaces in advanced electronics and complex assemblies. This adaptability is particularly valuable in the rapidly growing consumer electronics and automotive sectors, as well as in medical devices where flexibility and biocompatibility are essential.

Iran Printed Circuit Boards Market (2024-2030) report provides an in-depth analysis with 12 figures and 3 tables, covered in 57 pages. The report comprehensively covers the market by type, substrate and end user. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.