The current market size has exceeded 80 billion US dollars

From 2016 to 2021, the scale of the global PCB market will show a fluctuating upward trend. The printed circuit board industry was affected by the new crown epidemic, and the global market size in 2019 fell by 1.3% year-on-year; after 2020, the global printed circuit board market recovered from the epidemic, and the market size rose from about 65 billion US dollars in 2020 to more than 20% in 2021. The level of 80 billion US dollars, a year-on-year increase of about 23%.

On the whole, under the background of the post-epidemic era, the strong downstream consumer demand has pushed the global printed circuit board to achieve a double-digit growth rate. Therefore, the demand side of the global PCB industry market is relatively active, laying a good foundation for the steady growth of future output value.

Rigid board is the current mainstream product type

The global printed circuit board segment market is mainly concentrated on the main product types of single-sided boards, double-sided boards, multi-layer boards, HDI, packaging substrates, and flexible boards.

From 2016 to 2021, in the global printed circuit board market, rigid boards still occupy the mainstream position, and single-sided boards, double-sided boards and multi-layer boards are rigid boards. Among them, in 2021, multi-layer boards accounted for about 39% and single/double panels accounted for more than 10%; followed by flexible boards, accounting for 17%; HDI boards and packaging substrates accounted for about 15% and 18% respectively.

With the vigorous development of electronic circuit industry technology, electronic products have more prominent requirements for PCB density. According to Shengyi Electronics (11.450, -0.26, -2.22%) trick book information, in the next five years, driven by data processing centers, packaging substrates and multilayer boards will grow rapidly.

Asia's local PCB industry is booming

According to Prismark's data, Asian companies that entered the top 20 PCB manufacturers in the world in 2021 accounted for a large share, including 9 Taiwanese companies (Zhending, Xinsen Group, Huatong, Jianding, Hanyu Board, Nanya Circuit Board, Hushi, Jingshuo, Taijun), 3 companies in mainland China (Dongshan Precision, Shennan Circuits, Jingwang Electronics), 4 companies in Japan (Qisheng, Ibiden, Shinko Electric, Meiko Electronics), and 2 companies in South Korea home (Samsung Electro-Mechanics and Yongfeng Group), one in the United States (Schindler Technology) and one in Austria (ATS).

From the perspective of output value, Taiwan Zhending has the largest output value, exceeding 5.5 billion US dollars; followed by China Taiwan Xinsen Group, with an output value of nearly 4 billion US dollars; Chinese mainland Dongshan Precision has an output value of more than 3 billion US dollars. The output value of the top 20 PCB manufacturers in the world is above US$1.2 billion. Therefore, the current development momentum of the global PCB industry is good.

On the whole, Asian local PCB manufacturers accounted for 90%, while European and American manufacturers accounted for only 10%. Therefore, the focus of the global PCB industry is currently in the Asian regional market, and the local PCB industry in Asia is developing rapidly.