PCB Technical - PCB industry situation and future market forecast

In recent years, China's PCB industry has become a relatively large printed circuit board production area in the world, and the domestic printed circuit board industry is increasingly affected by changes in the macroeconomic environment.

According to the statistics of industry research organization Prismark, the global PCB output value in 2018 was approximately 62.396 billion U.S. dollars, an increase of approximately 6% year-on-year. The main driving factor for its growth has been the transition from mobile phone shipments in 2017 to servers and network equipment in data centers. ; In 2018, China’s PCB output value was approximately US$32.702 billion, an increase of approximately 10% year-on-year. China’s PCB output value accounted for approximately 52.41% of the global PCB output value.

Since 2019, under the situation of intensified global trade disputes, especially with the intensification of Sino-US economic and trade frictions and increasing economic uncertainty, the PCB industry may fluctuate in the short term. However, in the medium and long term, industry research institutions tend to believe that the future global PCB industry The industry will still show a slow growth trend.

Prismark predicts that the global PCB output value in 2019 is approximately 61.342 billion U.S. dollars, a year-on-year decrease of approximately 1.7%. The compound growth rate of global PCB output value from 2018 to 2023 is approximately 3.7%. It is estimated that the global PCB output value will reach approximately 74.756 billion U.S. dollars by 2023; 2019 The annual output value of China's PCB was approximately US$32.266 billion, a year-on-year decline of approximately 1.3%. From 2018 to 2023, the compound growth rate of China's PCB output value was approximately 4.4%. It is estimated that by 2023, China's PCB output value will reach approximately US$40.556 billion.

From the perspective of industrial development, the global PCB industry is moving closer to high precision, high density and high reliability, continuously improving performance, increasing productivity, and developing in the direction of specialization, large-scale and green production to adapt to downstream electronic equipment industries. development of. Enterprises' investment in technology research and development will also further increase, and the high-speed, high-frequency and high-heat applications of multilayer boards will continue to expand. As far as the status quo of competition in China’s PCB industry is concerned, as industry changes intensify, new entrants, smaller companies, and small and medium-sized enterprises with low technological and technological levels will face severe challenges; relatively speaking, a batch of core competitiveness and advanced craftsmanship Companies with technological capabilities and superior customer resources are facing challenges with higher technological content and higher added value, but they also nurture room for growth.

According to Prismark's forecast, for a period of time in the future, multilayer boards will still maintain an important market position and provide important support for the overall development of the PCB industry. From the perspective of product structure, in the Chinese PCB market, the company's superior products 8-16 layer multi-layer boards and 18-layer super high-rise boards are expected to have a compound growth rate of 8.6% and 10.4% in 2018-2023.