Global PCB industry development profile analysis

- Apr 20, 2019-

               Global PCB market continues to maintain high prosperity in 2018 The global PCB industry has a long history and has gone through several cycles.In recent years, the global PCB industry has experienced a temporary adjustment due to the slowing growth of major global electronic industries such as personal computers and smart phones, as well as the overlaying of inventory adjustment and other factors.


                According to the "China printed circuit board manufacturing industry market outlook and investment strategic planning analysis report" statistics released by the qianzhan industry research institute, in 2010, the global PCB output value has reached 52.47 billion us dollars, in 2014, the global PCB output value increased to 57.44 billion us dollars, an increase of 2.3%. Global PCB output value continued to decline in 2015 and 2016. In 2016, global PCB output value dropped to $54.21 billion, down 2% year-on-year.By the end of 2017, demand driven by equipment structure, global PCB output value resumed growth trend, reaching 58.84 billion usd, with growth rate of 8.5%.


                 At the beginning of 2018, the first quarter data of international regions showed that the PCB industry prosperity only increased, not decreased.The north American PCB BB, which began in August 2017, remained above 1.1 for seven months to April 2018, a five-year high.Japan's PCB monthly output has maintained positive growth since the fourth quarter of 2017.Global PCB production is estimated to reach $63.55 billion in 2018, a year-on-year increase of 8.0%, according to Prismark. The total proportion of multilayer board, flexible board and HDI board exceeds 70% PCB product structure is complex, and product types are evolving according to terminal requirements. From single and double panel, multi-layer board, HDI board (low order to high order), any layer interconnect board, to SLP class carrier board, packaging base board, the integration degree is getting higher and higher, and the design and processing is more complex.Multilayer board, flexible board and HDI board are the main forces of the PCB market. 


               According to Prismark's statistics, the total number of multilayer board, flexible board and HDI board accounted for up to 74% of the total number in 2017. There is a lot of room for the growth of high-end PCB products. China leads the world in industrial migration to Asia At present, China accounts for more than 50% of the global PCB output value. Before 2000, more than 70% of the global PCB output value was distributed in America (mainly North America), Europe, Japan and other regions.Since the beginning of the 21st century, the focus of PCB industry has been shifting to Asia.At present, the output value of PCB in Asia is close to 90% of the world, especially in China and southeast Asia.

            In the early stage of the transfer, the contribution of output value mainly came from the production capacity of foreign capital in China. At that time, the number of domestic enterprises accounted for less than 5%.With the continuous improvement of China's PCB industry chain and the demand driven by the huge electronic consumer goods market, local PCB enterprises have been able to develop rapidly, changing the situation that PCB demand is always dependent on imports.According to Prismark's statistics, China has taken the lead in the world in the compound growth rate of regional output over the past eight years, reaching as high as 9.63 percent. Among the regional distribution of global output in 2017, China accounted for 50.53 percent, Japan for 32.55 percent, and Asia, excluding China and Japan, accounted for 8.93 percent. Europe and America accounted for 3.34 percent and 4.66 percent, respectively.


                 China is the world's largest PCB producer with huge market potential China is the world's largest PCB producer. Compared with Japan, South Korea and other regions where PCB industry is mature, China has the advantages of low labor cost, huge market potential, concentration of downstream industries, land, hydropower, resources and policies.


               In recent years, Chinese enterprises have grown rapidly. According to Prismark's data, six Chinese enterprises from the top ten global PCB suppliers entered the list in the first half of 2018.                       

                Global PCB output will continue to grow in the future Driven by the rise in raw material prices and changes in downstream demand, the global PCB market will continue to maintain a stable growth trend.5G systems have already started to be used in small Numbers in 2018, and will be a very big driver of the PCB market in the coming years.In addition, the booming development of emerging industries such as mobile Internet, Internet of things, big data, cloud computing, artificial intelligence and driverless cars provides more development opportunities for the supporting electronic manufacturing industry.


             By 2019, global PCB output will increase to $65.8 billion, an increase of 3.5% year on year.Global PCB production is expected to reach $71.8 billion by 2020 and exceed $75 billion by 2024.Among them, China mainland PCB output value takes proportion to will rise ceaselessly.