In 2020, the output value of PCB in China will reach 34 billion US dollars and continue to occupy the throne of No. 1 in the world!
In recent years, the global PCB manufacturing industry has grown rapidly in the Asia Pacific region. China's PCB output value has increased significantly and its industrial position has continued to strengthen. According to prismark data, the output value of the global PCB industry in 2019 was about US $61.34 billion, of which the output value of PCB in China reached US $32.9 billion, accounting for about 53.7% of the global market; It is predicted that it is expected to reach US $34 billion in 2020.
While the global economy has declined due to the epidemic, China's PCB industry has bucked the trend and has considerable development prospects, which are specifically reflected in:
1. National industrial policy support
Electronic information industry is a strategic, basic and leading pillar industry in China. In recent years, relevant national departments have formulated a series of policies and regulations to encourage and promote the development of PCB industry, which provides a stable institutional guarantee for the development of PCB enterprises.
2. Industrial upgrading and the rise of independent brands drive the high-quality development of the industry
With the continuous growth of the overall scale of the electronic information manufacturing industry and the rise of independent brand products in the downstream electronic industry, the demand for import substitution of products with high added value such as high multilayer board, HDI board and flexible board increases, domestic PCB enterprises will have greater growth space, and the domestic PCB industry will further develop with high quality.
3. Downstream electronic information products are changing with each passing day, constantly bringing new opportunities
5g communication, automotive electronics and consumer electronics will become the main fields driving the steady growth of PCB industry, which will bring new opportunities for the development of PCB industry. At the same time, the demand for multifunction, miniaturization and portability of electronic products also continues to bring huge demand for PCB products.
4. The irreplaceable nature of PCB is the solid foundation of PCB industry
PCB is an indispensable basic component of electronic information products. At present, there are no mature technologies and products that can provide the same or similar functions, which is the foundation for the steady development of PCB industry.