Against the backdrop of the accelerated development of cloud technology, 5G technology, big data, integrated circuits, artificial intelligence, information technology, Industry 4.0, and the Internet of Things (IoT) and other industries, the output value of the global PCB industry is growing steadily.

From 2016 to 2020, the output value of the global PCB market grew from $54.207 billion to $65.219 billion, with an overall steady growth trend and a CAGR of 4.73%.In 2021, affected by various factors such as commodity price hikes, depreciation of the U.S. dollar, and elevated end-use demand, global PCB volume and price rose, and in 2021, the global PCB industry output value reached 80.920 billion U.S. dollars, an increase of 24.07%.

In the future, with the new energy vehicles, 5G communications, cloud computing, Internet of Things, smart homes, wearable devices and other downstream applications booming, PCB industry is expected to usher in a new round of development cycle.

By 2026, the output value of the global PCB industry will reach about US$101.559 billion, with a CAGR of about 4.65% from 2021 to 2026.The output value scale of large-volume boards, small-volume boards and prototype boards in the PCB market accounted for 80%-85%, 10%-15%, and 5%, respectively, and according to this estimate, the global market size of the small-volume boards in 2021 will be about 8.092 billion to 12.138 billion U.S. dollars in 2021, is expected to reach 10.154 billion U.S. dollars to 15.231 billion U.S. dollars in 2026; the global market size of the prototype board is about 4.046 billion U.S. dollars in 2021, is expected to reach 5.077 billion U.S. dollars in 2026 market size.

Benefiting from the continuous development of China's electronic information industry and the transfer of global PCB production capacity, mainland China's PCB industry as a whole has shown a faster development trend. In 2006, mainland China's PCB output value surpassed that of Japan, becoming the world's largest PCB manufacturing base.

According to Prismark statistics, in 2021, the PCB output value in mainland China reached US$44.150 billion, a year-on-year growth of 25.70%. 2026, the PCB output value in mainland China will reach US$54.605 billion, with a CAGR of 4.34% from 2021 to 2026.

According to Prismark data estimates, in 2021, China's PCB small-volume board market size of about $ 4.415 billion to $ 6.623 billion, is expected to reach $ 5.461 billion to $ 8.191 billion in 2026, the PCB prototype industry market size of about 2.208 billion U.S. dollars in 2021, is expected to reach 2.730 billion U.S. dollars in 2026.