The status quo and development trend of China's PCB industry in 2020

The PCB industry chain is basically conducted in accordance with the application of raw materials-copper clad laminates-PCB-products: from the perspective of the industrial chain, the main raw materials of PCB upstream are copper clad laminates, copper foils, and copper balls. The main raw materials are copper and glass fiber, etc. Applications are mainly consumer electronics, computers, automobiles, etc. Therefore, the upstream and downstream of the PCB industry are closely related to macroeconomic fluctuations, and the industry's output value growth rate is generally consistent with the global GDP fluctuation trend.

Since 2000, the development and growth of the global PCB industry has shown three stages: In the first stage (2000 to the end of 2002), due to the global economic contraction and depression caused by the bursting of the Internet bubble, the demand for downstream electronic terminal products has increased. In the second stage (early 2003 to the first half of 2008), benefiting from the good recovery of the global economy and the high demand growth brought about by the continuous innovation of electronic products, the output value of the PCB industry has grown rapidly; third In two stages (from the second half of 2008 to present), the financial crisis disrupted the good growth trend of the PCB industry. In 2009, the PCB industry experienced a cold winter. With the rise of consumption of new electronic products such as downstream smart phones and tablet computers, PCB output value quickly recovered , Has now exceeded the peak before the financial crisis broke out.

By 2019, the global PCB output value will increase to 65.8 billion U.S. dollars, a year-on-year increase of 3.5%; it is estimated that by 2020, the global PCB output value will reach 71.8 billion U.S. dollars, and will exceed 75 billion U.S. dollars in 2024. The growth rate of domestic PCB products is significantly higher than the growth rate of the global market, especially the growth of the output value of high-end boards such as high-end boards. In the future, the proportion of PCB output in mainland China will continue to increase.

Broadly speaking, PCB can be divided into hard board and flexible board (FPC). According to the number of layers, hard board can be divided into single/double board, multi-layer board, HDI and carrier board. PCB is the "mother of electronic products". The industry chain has played a role in linking up and down, and its downstream applications are very broad.

In 2019, the electronics industry regained its momentum, and PCB companies maintained high growth rates. With the development of 5G infrastructure and expansion of production capacity, the market has generated greater demand for high-frequency and high-speed PCBs. The overall profit rate of the industry reached 8.45%, and the profitability was maintained. good. According to the current market situation, and taking into account the current increase in high-frequency and high-speed performance requirements, the price of PCB boards will not drop too much in a short time. It is assumed that the annual decline will be 5% in 2019-2022, and the decline in 2022-2025 will be 10%, it is initially estimated that the domestic 5G base station PCB market capacity will reach 74.563 billion yuan in 2019-2025!

The PCB manufacturer chooses Honglian Circuits, the consultation hotline: 0755-81720355.