1. Market size

As the foundation of the electronic information industry, the printed circuit board industry has a huge market. According to Prismark data, the global PCB market size in 2021 will be US$80.920 billion, a year-on-year increase of 24.10%. The output value of various subdivided product categories including multilayer boards, HDI, packaging substrates, etc. have achieved rapid growth. With the development of downstream applications, it is expected that the global PCB industry will still show a steady growth trend in the next five years.

According to Prismark's forecast, by 2026, the global PCB market size will reach 101.559 billion US dollars, with an average annual compound growth rate of 4.60%. Benefiting from the transfer of global PCB production capacity to China and the vigorous development of downstream electronic terminal product manufacturing, China's PCB industry as a whole presents a relatively rapid development trend. According to Prismark statistics and forecasts, in 2021, the PCB output value in mainland my country will be 44.150 billion US dollars, a year-on-year increase of 25.70%, accounting for 54.60% of the global output value. It is estimated that by 2026, my country's PCB output value will reach 54.605 billion US dollars, and the compound growth rate of the industry will be 4.30%.

Since the development of the PCB industry, the application fields have involved almost all electronic products, mainly covering communication, consumer electronics, automotive electronics, servers, industrial control, medical, aerospace and other industries. The growth of the PCB industry is closely related to the development momentum of the downstream electronic information industry, and the two promote each other. In the future, with the continuous development of the electronic information industry, the application fields of PCB will become more and more extensive.

In recent years, the market growth rate of PCB in different downstream fields has been quite different. From the perspective of downstream application fields of multilayer boards, automotive electronics and server/data storage are the main drivers of future industry growth. According to Prismark's forecast, the compound growth rate of the above two fields is expected to reach more than 7% in 2021-2026.

2. Overview and development prospects of the industry

Since the development of the PCB industry, the application fields have involved almost all electronic products, mainly including communication, aerospace, industrial control medical, consumer electronics, automotive electronics and other industries. The growth of the PCB industry is closely related to the development momentum of the downstream electronic information industry, and the two promote each other.

Specifically, network communication, computer and consumer electronics have become the three main application fields of PCB. Thanks to the development of 5G communication technology and the development trend of new energy vehicles and automobile intelligence, automotive electronics has become the fastest growing PCB application. one of the fields. With the continuous development of the electronic information industry in the future, the application fields of PCB will become more and more extensive.

Overview of main products and PCB product structure in the industry

According to the use requirements of different electronic equipment, PCB can be divided into six main subdivision products such as single-sided board, double-sided board, conventional multi-layer board, flexible board, HDI (high-density interconnect) board, and IC packaging substrate from the perspective of the number of layers and technical characteristics .

According to the classification of terminal requirements of printed circuit boards, it can be divided into enterprise-level user requirements and individual consumer requirements. Among them, the needs of enterprise-level users are mainly concentrated in the fields of communication equipment, industrial control medical treatment, and aerospace. Related PCB products often have the characteristics of high reliability, long service life, and strong traceability, and the qualification certification of corresponding PCB companies is more stringent. , The certification cycle is longer; the needs of individual consumers are mainly concentrated in the fields of computers, mobile terminals and consumer electronics. Related PCB products usually have the characteristics of thinness, miniaturization, and bendability, and the terminal demand is relatively large.

From a global perspective, according to Prismark's data, the current medium and multilayer boards still occupy the mainstream position in the PCB market. With the rapid development of technology in the electronic circuit industry, the integration functions of components are becoming more and more extensive, and the high-density requirements of electronic products for PCBs are more prominent. High-end PCB products such as multi-layer boards, HDI boards, flexible boards and packaging substrates are gradually occupying the market. more important position. From the perspective of subdivided product categories, in 2021, the global output value of multilayer boards and HDI boards will be US$31.053 billion and US$11.811 billion respectively, among which, the growth rate of multilayer boards with 8-16 layers will be faster, reaching 29.80%, 18 The growth rate of high multi-layer boards above layers is 20.70%, and the growth rate of HDI boards is 19.60%.