The outbreak of the PCB market reveals the data behind the industry
In recent years, the global PCB output value has generally maintained an increasing trend. As the PCB downstream application market, such as smart phones, tablet computers and other electronic products, develops in the direction of large-scale integration, light weight, and high intelligence, the PCB market demand is also growing simultaneously. In 2021, the output value of the global PCB industry will reach 80.9 billion dollars.
In the context of accelerated penetration of emerging technologies such as 5G communication, cloud computing, big data, artificial intelligence, industry 4.0, and the Internet of Things in China, the PCB industry, as the basic force linking the whole electronic information manufacturing industry chain, will enter the new cycle about technology and product .
As the market demand for mid-to-high-end PCB products such as multilayer PCB, HDI boards, flexible boards, and IC substrate continues to grow, China’s PCB production process equipment and innovative technologies have been iterated to meet the personalized and diverse needs of the market.
Today, mainland China has become an important base for global PCB production, and major enterprises are vigorously deploying PCBs in different application fields. Printed circuit boards are one of the important components of the electronics industry and are widely used in computers, consumer electronics, communication, medical, automotive electronics, Internet of Things, smart hardware, power and other industries. With the stimulation of market demand growth, the growth rate of PCB output in different industries continues to increase.
5G technology has triggered a wave of smartphone replacements, and at the same time, the rise of wearable devices such as TWS headphones and smart watches has led to a significant increase in the demand for corresponding PCBs. According to Prismark’s forecast, by 2025, the output value of PCB used in smartphones will reach about 19.4 billion dollars.
New energy vehicles
GF Securities predicts that global shipments of new energy vehicles will reach 12 million by 2025, and the annual compound growth rate of shipments of new energy vehicles will exceed 30% from 2020 to 2025; at the same time, the consumption of high-end PCBs in new energy vehicles greatly improve, increasing the value of bicycle PCB. In 2021, the global automotive PCB market space will reach 59.18 billion yuan, and it is expected that the global automotive PCB market space will reach 67.39 billion yuan in 2022.
5G base station and other communication facilities
Also benefiting from the advent of the 5G construction period, communication PCBs will continue to be released. In the long run, based on factors such as continuous 5G base station construction, the recovered epidemics’ promotion to the infrastructure construction and the follow-up of wired network construction, communication PCBs are still growing. According to the Prismark report, the output value of PCBs used in wireless infrastructure construction is expected to reach US$3.7 billion in 2025, with a compound annual growth rate of about 6.8% from 2020 to 2025.
With the continuous introduction of favorable policies such as encouraging innovation and accelerating approval, people’s increased medical and health spending and increased health awareness will drive the further development of the medical device market. In 2021, the medical device market will reach 964 billion yuan, with a compound annual growth rate of 21.47%. This growth has largely benefited the PCB industry.
Server and data storage
With the rapid development of global cloud computing, the demand for cloud infrastructure such as servers and data centers continues to expand, and the corresponding PCB usage increases accordingly. Prismark predicts that the output value of PCBs used in servers and data storage will reach US$8.9 billion by 2025, with a compound annual growth rate of 8.5% from 2020 to 2025.
The scale of electricity generation and consumption in China has always been huge and will continue to grow in the future. According to statistics from the China Electricity Council, in 2021, China’s full-caliber power generation will be 8,395.9 billion kWh, an increase of 10.1% over the previous year. During the “13th Five-Year Plan” period, China’s full-caliber power generation increased by an average of 5.8% annually. In the process of power generation, transmission and distribution, with the increase of field devices, the requirements for PCBs also increase. In order to improve the operation capacity, the requirements for products will also increase accordingly.
In recent years, with the advent of 5G technology, smart hardware has ushered in a new round of transformation and upgrading. China’s smart wearable device industry maintains a rapid growth trend. It is estimated that the compound growth rate of the market size from 2020 to 2025 is 20%. By 2025, the market size of China’s smart wearable device is expected to exceed 150 billion yuan. With the maturity of the industrial chain, the market scale of the intelligent hardware industry continues to expand, while driving the rapid growth of the PCB market.