Global PCB industry development overview analysisThe PCB industry is the industry with the largest output value in the global electronic component segmentation industry, and it is also the basic industry for the manufacture of electronic information products. In 2019, due to multiple factors, the output value of the global PCB industry fell slightly by 1.7% year-on-year to US$61.3 billion.
Although the new coronary pneumonia epidemic will affect the industry in 2020, the rapid development of 5G has increased the growth space of the PCB industry. It is expected that the global PCB output value in 2020 will be 62.5 billion US dollars, and will reach 79.2 billion US dollars by 2025.
The printed circuit board (Printed Circuit Board, PCB for short) industry is the basic industry for the manufacture of electronic information products and the industry with the largest output value in the global electronic component segmentation industry. PCB has a wide range of applications, ranging from small appliances to products such as ocean detection. As long as there are electronic components, the support and interconnection between them will use PCBs.
1. The output scale of the global PCB industry declined slightly in 2019
Affected by trade frictions, declining terminal demand and exchange rate depreciation, the global PCB output value was US$61.3 billion, a slight decrease of 1.7% from US$62.4 billion in 2018. Mobile phones are the main application of PCBs to the sea. In the case of declines in mobile phone shipments for three consecutive years, the overall decline in global PCB output value can still be maintained in a small range. The pre-5G infrastructure construction is also a key. Back to part of the PCB requirements.
2. China PCB market outperforms other regions
In terms of regional markets, the Chinese market outperforms other regions. The output value of China's PCB industry in 2019 is about 32.9 billion US dollars, a slight increase of 0.7%, and the global share is about 53.7%. It is the only region to grow in 2019, which is mainly due to the high growth of 5G base station related circuit board suppliers .
In 2019, although the Sino-US trade war launched a boycott against Huawei, with the current attitude of adopting Huawei equipment in various countries around the world, Huawei's market share in the 5G era still has room for growth. With the rapid development of 5G, big data, cloud computing, artificial intelligence, Internet of Things and other industries, as well as industrial support and cost advantages, the market share of China's PCB industry will continue to increase.
In addition, the total output value of Japan's circuit boards in 2019 was approximately US$5.288 billion, down 2.8% year-on-year and accounting for 8.6% of the global market. From the perspective of the product layout of the Japanese circuit board industry, in order to avoid the fierce competition of mobile phone applications and erosion of the company's profitability, the Japanese flexible board company has adopted a strategy of approaching mobile phones to emerging applications such as automobiles, robots, and biomedicine. What are the results? It remains to be seen.
3. Communication electronics is the main application field of PCB
From the perspective of application fields, most PCB market segments also declined in 2019, but the demand for infrastructure applications such as 5G networks and data centers continued the growth trend in 2018. Increased by 3.1%; the computer field including server/data storage accounts for 28.6% of global PCB output value. But overall, communications electronics is still the most important application area of the PCB industry, accounting for 33.0% of the global PCB application market in 2019.
4. Seven major Chinese manufacturers on the global TOP10 list
The growth of downstream industries is a major advantage for the development of PCB companies. Benefiting from the important position of Taiwan-based ODM/EMS factories, module factories, and semiconductor companies in the PC and mobile phone industry chain, Taiwan-based PCB companies such as Zhending, Xinxing, Huatong, and Jianding have successively entered the top ten PCB manufacturers in the world. . Among them, the FPC giant closely related to Apple's business has become the world's first PCB manufacturer in 2019. Overall, in 2019, among the top 10 PCB manufacturers in the world, seven Chinese companies made the list, and China is the world's largest PCB producer.
5. The output value of the global PCB industry is expected to be nearly 80 billion US dollars in 2025
Entering 2020, although the new coronary pneumonia epidemic disrupted the progress of 5G, countries still struggle in the 5G competition. At the same time as the epidemic is burning, countries monitor the development of the epidemic through digital technology, and have foreseen the early turnaround of industries such as 5G, cloud and AI, such as remote teaching, smart diagnosis and treatment, and industrial risk control AI.
Judging from the overall development trend in 2020, 5G is still the key kinetic energy driving the growth of the industrial economy. It is expected that the growth rate of global PCB output value in 2020 will be 2%, and the scale of output value will be approximately 62.5 billion US dollars. From 2020 to 2025, the global compound annual growth rate of PCB output value is expected to be about 5%. By 2025, the global PCB output value is expected to be close to 80 billion US dollars.