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China's PCB Output Value

Jul 18, 2018

In 2015-2016, the global macro economy was stagnant, and the downstream demand was weak. The PCB output value showed a negative growth for the first time. The PCB market rebounded in 2017, a year-on-year growth of 8.6%, which is the highest growth rate since 2011. In all terminal products, except for the shrinking of computers, other products maintained a stable level and led to the growth of PCB demand. In addition, various emerging electronic product applications in the consumer market, such as wearable electronic devices, electronic hearing aids, blood glucose meters, intelligent electric vehicle installations, and aerospace, have also driven PCB orders. According to the market analysis organization's continuous development in the global electronic information industry, the compound annual growth rate of PCB production value in 2017-2022 is 3.2%, of which PCB production value in China will increase from US$29.7 billion in 2017 to US$35.7 billion. CAGR3 .7%.

 

The transfer of production capacity has been initially completed. In mainland China and other parts of Asia (except China and Japan) as emerging markets continue to grow, North America and Europe, as former industry leaders, have lost market share to 8.7% in 2016, and production capacity is shrinking, mainly used in military and aerospace industries. , precision instruments and other special areas, other types of PCB are mainly purchased from Asia. Japanese manufacturers attach great importance to maintaining their core technological advantages and transfer low-end PCB production capacity to other low-cost regions while retaining the productivity of high-end products. Mainland China, as the main production area for single-layer PCBs, is further expanding into the mid-to-high end market. The overall PCB industry in China is showing a rapid development trend. In 2017, thanks to the transfer of global PCB production capacity to China and the development of the booming electronic terminal products in the downstream, China's PCB output value has increased from 50.0% in 2016 to 50.5%.


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