PCB Tech - The development status of PCB circuit board industry

(1) Current Status of the Global Printed Circuit Board Market

Printed circuit boards are the bridges that carry electronic components and connect circuits. As the "mother of electronic products", they are widely used in communication electronics, consumer electronics, computers, automotive electronics, industrial control, medical equipment, * and aerospace and other fields. It is an indispensable electronic component in modern electronic information products. The development level of the printed circuit board industry can reflect the development speed and technical level of a country or region's electronic information industry to a certain extent. In the current environment of accelerated evolution of cloud technology, 5G network construction, big data, artificial intelligence, sharing economy, industry 4.0, and the Internet of Things, the PCB industry as the "mother of electronic products" will become a link between the whole electronic industry chain. Basic strength. In recent years, due to the slowdown in the growth of the world’s major electronics industries such as personal computers and smartphones,

and superimposed inventory adjustments, the PCB industry has undergone a short-term adjustment. After a continuous small decline in 2015 and 2016, the global PCB output value started to resume growth. In 2018, the total output value of the global PCB industry is estimated to reach 63.5 billion U.S. dollars, an increase of 8% year-on-year. In the next five years, the global PCB market will maintain moderate growth. 5G communications, Internet of Things, automotive electronics, Industry 4.0, cloud servers, storage devices, etc. will become new directions driving the growth of PCB demand.

(2) The development status of China's PCB industry

Since the 21st century, as the global electronic information industry has shifted from developed countries to emerging economies and emerging countries, Asia, especially China, has gradually become the world's most important production base for electronic information products. In 2018, the revenue of China's electronic information manufacturing industry above designated size reached 14.1 trillion yuan*, a year-on-year growth rate of 8%. Along with the migration of the electronic information industry chain, the PCB industry, which is its basic industry, has also concentrated in Asia, such as *, Southeast Asia. Before 2000, more than 70% of the global PCB output value was distributed in the Americas (mainly North America), Europe and Japan. Since entering the 21st century, the focus of the PCB industry has been shifting to the Asian region. At present, the PCB output value in Asia is close to 90% of the world, especially in China and Southeast Asia. Since 2006, China has surpassed Japan to become the world's largest PCB producer, and its PCB output and output value rank among the world*. In recent years, the global economy has been in a period of in-depth adjustment. Major economies such as Europe, the United States, and Japan have significantly weakened the leading role of world economic growth, and their PCB market growth is limited or even shrinking; and China’s integration with the global economy has gradually increased. Occupies half of the global PCB market. As a larger producer of the global PCB industry, China's share of the total output value of the global PCB industry has risen from 31% in 2008 to 52% in 2018.

It is estimated that in the next 5 years, Asia will continue to dominate the development of the global PCB market, while China is the unshakable center of the Asian market. The PCB industry will maintain a compound growth rate of 3.7%, and the total output value of the industry is expected to reach 35.7 billion U.S. dollars in 2022. .