Current situation of global PCB industry market in 2019

PCB as an indispensable component in electronic products, with the continuous improvement of technology level, its demand is stable and will continue to grow. The industry has become a global industry with an estimated output value of $66 billion in the global PCB market in 2019. Global PCB production is expected to reach nearly $70 billion by 2020. With the increasing proportion of China's PCB output value in the world, China's mainland PCB industry has entered a stage of sustained and stable growth. In 2017, the output value of China's PCB industry reached 28.08 billion us dollars, and the output value of China's PCB industry will grow from 27.1 billion us dollars in 2016 to 31.13 billion us dollars in 2020, with a compound annual growth rate of 3.5%.

PCB industry

Printed Circuit Board, also known as Printed Circuit Board in Chinese, is an important electronic component, mainly composed of insulating substrate and conductor, which plays a supporting and interconnection role in electronic equipment. The main advantage of using PCB is to greatly reduce wiring and assembly errors, improve the level of automation and production labor rate. With the development of PCB application scenarios and continuous innovation of downstream products, PCB can generally be divided into rigid PCB, soft PCB, metal PCB, HD board and packaging substrate.

Global PCB industry market situation

PCB as an indispensable component in electronic products, with the continuous improvement of technology level, its demand is stable and will continue to grow. PCB industry has become a global industry, annual output of more than 50 billion us dollars. In 2018, the global PCB market value exceeded $60 billion. In the future, driven by the continuous development of the global electronic information industry, the global PCB market value is expected to reach $66 billion in 2019. Global PCB production is expected to reach nearly $70 billion by 2020. China mainland PCB output will continue to increase the proportion.

China PCB industry market analysis

In recent years, due to the continuous improvement of labor cost and environmental protection requirements in coastal areas, PCB industry is gradually transferring from the Yangtze river delta, pearl river delta and other regions with developed electronic technology to provinces and cities with better industrial conditions in the mainland. At present, China has formed a PCB industry cluster with pearl river delta and Yangtze river delta as the core area. According to statistics, there were about 1,300 PCB enterprises in China in 2017, mainly distributed in the pearl river delta, the Yangtze river delta and the bohai rim region. The PCB output value of the two regions in the Yangtze river delta and the pearl river delta accounted for about 90% of the total output value of the Chinese mainland.

Market promotion factor of PCB industry

At present, the application field of PCB involve almost all electronic products, is essential to modern electronic devices and components, the basis of the electronic information industry is the national economy strategic, basic and pillar industries, the origin of the development of national economy and national security has important strategic significance, so the government and industry competent authorities launched a series of industrial policies to support and encourage the PCB industry.

PCB industry development prospects

Electronic information is the strategic pillar industry of our country's key development, printed circuit board as the basic product of electronic products, the development of national policy, promote and guide the benign development of printed electronic board industry. With the prominent ecological environment problems, the concept of green environmental protection in the electronics industry has been a consensus. Under the strict environmental protection standards, enterprises need to establish a more perfect environmental protection system, the future industry sustainable development, the future industry processing and production will be environmental protection direction.