PCB Manufacturer in China: Steady growth in the global PCB industry

PATT CIRCUITS, PCB Manufacturer in China share，

1. The global PCB industry is growing steadily, and the industry is led by Asia.

The global PCB market has entered a period of steady growth. The PCB industry has a long history of development and has experienced several cycles, from the rapid start in 1980-1990 (CAGR=15.9%) to the continued growth in 1991-2000 (CAGR=7.1%), and experienced a large period from 2001-2010. Fluctuations (CAGR = 2.1%), and then began to enter a period of steady growth from 2011. In recent years, due to the slowdown in the growth of major global electronics industries such as personal computers and smartphones, and the adjustment of stacking inventory, the PCB industry has undergone a short-term adjustment. After a continuous decline in 2015 and 2016, the global 2017 PCB output value resumed growth. According to statistics, the total output value of the global PCB industry in 2017 reached US$58.84 billion, an increase of 8.6% year-on-year.

It is expected that global PCBs will maintain moderate growth in the next five years. In the current global economic recovery, the demand for the communications electronics industry is relatively stable, and the consumer electronics industry is hot on the spotlight. At the same time, new demand for downstream markets such as automotive electronics and medical devices is beginning to emerge. According to forecasts, the global PCB will maintain a compound growth rate of 3.2% in 2018-2022, maintaining a moderate growth rate. By 2022, the global PCB industry output value will reach 68.81 billion US dollars. Internet of Things, automotive electronics, industrial 4.0, cloud servers, storage devices, etc. will be the new direction driving the growth of PCB demand.

It is expected that Asia will continue to dominate the PCB industry in the next five years. It is expected that in the next five years, Asia will continue to dominate the development of the global PCB market, while China is in an unshakable central position in the Asian market. The PCB industry in China will maintain a compound growth rate of 3.7%. It is estimated that the total output value of the industry will reach 35.686 billion in 2022. Dollar. In contrast, due to the weak overall economy, Japan and Europe's PCB market growth is weak, but the global market will still maintain a compound growth of 3.2%. Under the trend of “large-scale and centralized” of PCB companies, large PCB companies that have established their leading edge earlier will gain greater advantages in the future global market competition.

2. The PCB industry continues to shift to China, accounting for more than half of China’s output value.

China's PCB production value accounts for more than half of the world. Before 2000, more than 70% of global PCB production value was distributed in the Americas (mainly North America), Europe and Japan. Since the beginning of the 21st century, the focus of the PCB industry has continued to shift to the Asian region. At present, the PCB output value in Asia is close to 90% of the global total, especially in China and Southeast Asia. Since 2006, China has surpassed Japan to become the world's largest PCB producer, with PCB production and output ranking first in the world. In recent years, the global economy is in a period of deep adjustment. The major economies such as Europe, the United States, and Japan have significantly weakened the role of world economic growth. Their PCB market growth has been limited or even shrinking. The integration of China and the global economy is increasing. It occupies half of the global PCB market. As the largest producer of the global PCB industry, China's share of the global PCB industry's total output value has increased from 31.18% in 2008 to 50.53% in 2017.

The fluctuation of China's PCB industry is basically the same as that of the world, and the growth rate is obviously higher than the global. Since the development of China's PCB industry in the 21st century, the overall fluctuation trend is basically the same as the fluctuation trend of the global PCB industry. Benefiting from the continuous shift of production capacity in the PCB industry to China, coupled with the strong demand growth in the downstream sectors such as telecommunications electronics, consumer electronics, computers, automotive electronics, industrial control, medical devices, defense and aerospace, the growth rate of China's PCB industry in the past two years is obvious. Higher than the global PCB industry growth rate. By 2017, China's PCB industry output value is estimated to reach 29.73 billion US dollars, an increase of 9.6%.

It is expected that the growth rate of China's PCB industry will still be higher than the global in the next five years. In the next five years, China's printed circuit board market will continue to grow at a higher rate than the global growth rate driven by the domestic electronic information industry. It is estimated that by 2022, the size of China's PCB market will reach 35.69 billion US dollars.