PCB Production in China
The Chinese Chapter of the Global PCB Industry: Growth, Innovation and Market Prospects
The Chinese PCB (Printed Circuit Board) market has experienced significant growth in recent years and is a key player in the global PCB industry. Below is a summary of the PCB market overview in China, as well as an analysis of technology needs and trends to 2024:
China PCB Market Overview
1. global position: china has become the world's largest PCB production region, surpassing Japan in terms of output value in 2006 and growing faster than the global average in recent years.
2. Industry growth: the growth rate of China's PCB industry was 10.0% in 2018, and China achieved a 0.7% growth in 2019 despite the decline in global output value. the total output value reached $35.054 billion in 2020, a growth of 6.4%.
3. Forecasted growth: output value reaches US$44.15 billion in 2021, up 25.7%. prismark forecasts that China's PCB industry will grow at a CAGR of 4.3% from 2021 to 2026, with output value reaching US$54.605 billion in 2026.
Global PCB Market Space
1. industry scale: PCB is the largest industry in the global electronic components industry, and the global PCB output value grew faster in 2017 and 2018.
2. Market volatility: the global PCB output value declined by 1.7% in 2019, while it recovered in 2020, and the total output value of the global PCB industry was $80.92 billion in 2021, an increase of 24.1%.
3. Downstream application: the development of 5G communication, cloud computing, smart phones, smart cars, new energy vehicles and other industries will drive the continuous growth of PCB demand.
China PCB market development trend
1. Product structure: Rigid board market is the largest, multilayer boards, packaging substrates, flexible boards and HDI boards respectively occupy different proportions of the market share.
2. Technology development: PCB industry technology development is closely related to the downstream demand, tends to high-density, high-performance direction.
Technology level and characteristics
1. Technology development: PCB industry tends to develop in the direction of high density and high performance, such as HDI technology, impedance and heat dissipation performance improvement.
2. Business model: PCB companies usually purchase raw materials on demand, using the ‘sales production’ model, direct sales-based, supplemented by traders and agents.
IC demand and trend of PCB technology in China in 2024
1. Beyond Moore's Law: As Moore's Law approaches its limits, device integration technologies such as SIP (System in a Package) have become an important development direction.
2. System Integration: SIP technology forms a system level chip by packaging multiple semiconductor chips and passive devices in the same chip, improving data bandwidth and solving system bottlenecks caused by PCB line width.
In summary, China's PCB market is in a rapid development stage, and is expected to continue to maintain the growth trend in the next few years. Technological advances, especially innovations in high-density and high-performance, will be the key factor driving the industry. Meanwhile, with the increasing demand for miniaturisation and integration of electronic products, device integration technology beyond Moore's Law will become an important direction for future PCB technology development.
