PCB News - The market for circuit boards is so big

The market for circuit boards is so big

In today's time, electronic products are more and more occupying an indispensable part of our lives, ranging from aviation aircraft to small headphones, etc., have become an important part of us; and the circuit board is the most important part of these electronic products. The items in it can also be said to be the lifeblood of all electronic products. It is like the meridians in the human body that convey information to electronic products.

Why is the market for circuit boards so big? Then let's understand the next; PCB circuit boards started in 1936. In 1943, the United States applied this technology to military products in large quantities, and it was used for commercial purposes in 1948. Since the mid-1950s, printed circuit board technology has been widely adopted. At present, the application of circuit boards has penetrated into various electronic system fields such as computers, communications, automotive electronics, consumer electronics, medical equipment, industrial control, and aerospace. The manufacturing quality of PCB circuit boards not only directly affects the reliability of electronic products, but also affects the overall competitiveness of system products. The development level of its industry can reflect the development speed and technical level of a country or region's electronic information industry to a certain extent.

Throughout the development history of circuit boards, since the 1950s, the global PCB circuit board industry has undergone development and changes from "European and American dominated" to "Asian dominated". At first it was dominated by Europe and the United States. Later, Japan joined the leading ranks, forming a pattern dominated by the United States, Europe, and Japan. After entering the 21st century, due to the gradual development of the downstream electronic complete machine industry and relatively low labor costs, the Asian region has attracted more and more circuit board manufacturers to invest. The shift from Asia has gradually formed a new pattern centered on Asia (especially Mainland China) and supplemented by other regions.

According to the statistics of the World Electronic Circuits Council, from 2000 to 2013, the proportion of PCB production value in the Americas, Europe, and Japan in the global % Dropped to 4.46% in 2014, and Japan dropped from 29% in 2000 to 9.96% in 2014. At the same time, the output value of the PCB industry in other parts of Asia (except Japan) has rapidly increased. The proportion of mainland China has risen from about 9.83% in 2000 to 44.93% in 2014, and it is the center of global PCB industry transfer.

PCB products have a wide range of applications. Due to the diversification of the industry, the periodicity of the PCB industry is not affected by a single industry, and mainly changes with the fluctuation of the macro economy and the overall development of the electronic information industry. From the perspective of the international market, according to Prismark's research, the boom cycle of the global PCB market is more consistent with the boom cycle of the electronics and semiconductor markets. In the past two decades, the PCB industry has experienced two major fluctuations: from 2000 to 2002, due to the bursting of the Internet bubble, the PCB industry experienced a trough; from 2002 to 2008, it entered a stage of continuous growth; in 2009, due to the financial crisis. The impact has entered a trough again, and growth has quickly resumed in 2010. It is expected that the global PCB market will be in a state of growth in the next few years.

From the perspective of the domestic market, due to the transfer of the global PCB industry to my country, the growth rate of my country's PCB market is significantly higher than the overall global level, and the impact of global economic and electronic product market fluctuations is less than the overall global market. From 2000 to 2008, my country's PCB industry was in a state of continuous growth; in 2009, due to the impact of the financial crisis, the output value declined; in 2010, it resumed growth. So far, my country's circuit boards will continue to grow at a rate higher than the overall global level, becoming one of the main forces driving the development of the global PCB industry. So the circuit board market is huge.