The server printed circuit board (PCB) market involves PCBs that are primarily used in servers. Server PCBs help in interconnecting various electronic components in servers including processors, memory modules, and cooling system.
They facilitate communication between different components through conducting pathways or traces etched from copper sheets laminated to a non-conductive substrate. Server PCBs provide mechanical support and electrical connections between electronic components on servers. Continuously growing data volumes across various industries have led to a surge in data center establishments worldwide. This has increased the demand for high-performance servers, thereby driving the server PCB market.
The global server PCB market is estimated to be valued at $48.61 BN in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the server PCB are Bristol Myers Squibb, Merck and Co., Inc., GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Sanofi, AbbVie Inc., B. Braun SE, Becton, Dickinson and Company, Bicakcilar, Biometrix, Cook Medical, Grena, Redax, Rocket Medical, Smith Medical.
The increasing Server PCB Market Demand for data storage and cloud applications has boosted the adoption of servers across various industries like IT & telecom, BFSI, healthcare, and government. Leading Server PCB Companies are focusing on integrating advanced features such as high-speed processing and enhanced connectivity in server PCBs to facilitate efficient data processing.
Technological advancements in server components have increased computing power and reduced component size. This has propelled the development of server PCBs with ultra-fine circuit traces and miniaturized form factors. Moreover, the ability of server PCBs to seamlessly interconnect diverse server components according to the processing needs has driven their deployment in data centers.
Market Trends
The growing virtualization of servers and emergence of hyper-converged infrastructure is enabling organizations to minimize costs and optimize resource utilization. This has increased the penetration of converged and hyper converged servers, thereby augmenting the demand for server PCBs. Furthermore, the ongoing transition from on-premise infrastructure to cloud-based architecture is creating opportunities for server component providers to develop innovative PCB designs with enhanced scalability.
Market Opportunities
The rising implementation of edge and fog computing architectures by industries will boost opportunities for server PCB manufacturers. Edge and fog computing deploy computing resources closer to the source of data generation to enable local data processing with minimal latency. This increases the need for compact edge servers with optimized PCB designs. Additionally, the growing workload of artificial intelligence and big data analytics on servers will propel research into developing PCBs integrated with additional accelerators to support such data-intensive applications.
Impact of COVID-19 on Server PCB Market Growth
COVID-19 pandemic had significantly impacted the growth of server PCB market globally. During initial months of pandemic in 2020, production and supply chain activities were halted across many countries due to lockdowns which disrupted the manufacturing and distribution of server PCBs. This led to decline in demand from data centers and server manufacturers. However, as remote working and online activities increased sharply during this period, it augmented the demand for more computing power and data storage. This boosted the sales of servers which in turn supported the growth of server PCB market in latter half of 2020. Still, the supply constraints and disruptions impacted the overall market growth during 2020.
Post pandemic, as production resumed and supply chains regained stability, the market witnessed steady recovery. Data center expansions also continued at robust pace to support growing digitalization and cloud needs. The server PCB market is estimated to grow at accelerated rate during forecast period on back of increasing investments in high performance computing infrastructure globally. However, ongoing component shortages and rising raw material prices remain key challenges for market players. Continuous innovation and new product developments focusing on low power consumption and compact form factors would be crucial for sustained growth post pandemic.
Geographical Regions with Highest Concentration in Server PCB Market
North America remains the largest and fastest growing regional market for server PCB currently. This is attributed to strong presence of leading data center operators and cloud service providers in the region driving the demand for servers. The United States alone accounts for over 40% of global market value currently owing to dense concentration of hyper scale data centers in the country.
Asia Pacific is fastest emerging market led by China, India and other Southeast Asian countries. Rapid digitalization, cloud adoption and expansion of local data center capacity in the region is supporting the server PCB market growth. Countries like China and India are anticipated to outpace global averages during forecast period.
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About Author-
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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