China will become the global PCB industry center in 2022
Major listed companies in the industry: Avary Holding ; Suzhou Dongshan Precision Manufacturing；Shennan Circuits ; WUS Printed Circuit ; Shenzhen Kinwong Electronic ; Founder Technology Group; Victory Giant Technology ; Guangdong Goworld , etc.
Core data of this paper: market size; The output value; Regional market distribution; Subdivided field distribution and so on.
The current market size has exceeded $80 billion
From 2016 to 2021, the global printed circuit boards (PCB) market size showed a fluctuating upward trend. The PCB industry was affected by the COVID-19 pandemic, with the global market size declining by 1.3% in 2019. The global PCB market recovered from the pandemic after 2020, with the market size rising from about $65 billion in 2020 to more than $80 billion in 2021, an increase of about 23% year-on-year.
On the whole,in the post-pandemic era, strong downstream consumer demand has driven double-digit growth rates for PCB worldwide. Therefore, the demand side of the global printed circuit board industry market scale is more active, which lays a good foundation for the steady growth of output value in the future.
This is a statistical chart of the global PCB market size change from 2016 to 2021.
Chinese companies have strong global competitiveness
According to CINNO Research, there are 62 Chinese enterprises on the list in 2021, accounting for more than 60% of the overall top 100 enterprises, and Chinese enterprises occupy an important position in the global printed circuit board industry.
Among them, the number of enterprises from the Chinese mainland accounts for nearly 40%, and the number of enterprises from Taiwan region accounts for more than 20%. Japanese companies account for about 20% of the total; Korean companies account for about 10% of the total; Enterprises from other countries and regions account for no more than 10% in total.
Therefore, Chinese PCB enterprises have outstanding performance in the global printed circuit board industry, and their competitive strength has been affirmed by the global PCB market.
This is the pie chart of the number distribution of top 100 PCB enterprises by region in 2021.
China has become the global PCB industry center
According to CINNO Research, from 2016 to 2021, the top 100 PCB enterprises in the world are mainly concentrated in Asia, such as mainland China, Taiwan, Japan and South Korea. The total revenue of listed enterprises in the above regions fluctuates around 90% every year. To a certain extent, the focus of the global PCB market has shifted to Asia.
In 2021, the market size of listed Chinese enterprises accounted for about 63%, up about 2.7 percentage points from the previous year, showing a growth trend.
Among them, Chinese mainland companies on the list accounted for nearly 30% of the market size, an increase of about 2 percentage points over the previous year; Taiwan companies accounted for nearly 35% of the market, up 0.7% year on year.
In addition, the market size of Japanese and South Korean companies on the list accounts for about 18% and 12% respectively.
Overall, the total revenue of China’s listed enterprises accounts for the largest proportion, and the proportion of the total size of China’s top 100 enterprises in the total size of the top 100 enterprises has increased, which to a certain extent indicates that the PCB competitive strength of Chinese enterprises has been enhanced, and China has become the global PCB industry center.
This is a statistical chart of the market size of the global Top 100 PCB enterprises by region from 2016 to 2021.
Rigid printed board is the current mainstream product type in the market
The global PCB market segment is mainly focused on the main product types of single sided PCB (SSB) , double-sided printed boards (DSB), multi-layer printed boards (MLB), HDI PCB, package substrate (PKG), rigid printed board, flexible printed board.
In the global printed circuit board market from 2016 to 2021, rigid printed boards remain the dominant position, with single-sided print boards , double-sided print boards , multi-layer print boards belonging to rigid print boards. Among them, in 2021, the multi-layer print board accounted for about 39% and the single/double print board accounted for more than 10%.
The second is the flexible printed board ,accounting for 17%; HDI board and package substrate accounted for about 15% and 18%, respectively.
With the rapid development of electronic circuit technology, the high density of PCB is more important in electronic products. According to the information of Shengyi electronic tricks book, in the next five years, driven by the data processing center, package substrate, multi-layer print board will grow rapidly.
This is the statistical chart of global PCB segment market size from 2016 to 2021.
Communication and computer are the main application areas
In the current global economic recovery environment, the demand of advanced communication industry and computer industry is relatively stable, while the demand of automotive electronics, consumer electronics and other downstream markets is increasing year by year.
According to Prismark data, in the market size of the global printed circuit board industry application segment from 2016 to 2021, the market of advanced communications and computers has fluctuated around 70% throughout the year, while the downstream market demand of consumer electronics and automotive electronics has maintained stable fluctuations.
The current global PCB industry application fields are mainly advanced communication and computer. In recent years, electronic products and technologies are becoming more high-end and advanced. Meanwhile, the gradual popularity of 5G, Internet of things and cloud storage will stimulate the market’s demand for high-performance and high-capacity communication equipment and servers.
Therefore, the future automotive electronics and consumer electronics market has a great potential for development, printed circuit board in advanced communication and computer fields will be more in-depth application.
This is a chart showing the market size of the four major PCB application areas in the world from 2017 to 2021.
According to the relevant institutions, the output value of China’s PCB industry is expected to grow at a compound annual growth rate of 4.6% from 2022 to 2026. By 2026, the output value of China’s PCB industry is expected to reach $54.605 billion.
Note: Advanced communication fields include: mobile phone, wired infrastructure, wireless infrastructure; The computer field includes: PC, server/memory, other computers.