PCB industry boom, domestic PCB industry has huge potential
The structure of PCB products is complex, and the product types are constantly evolving according to the requirements of the terminal: the demand for terminal electronic products to light, thin, and versatile changes, which promotes the rapid improvement of product performance and integration of electronic components. Generally speaking, from single and double panels, multi-layer boards, HDI boards, any layer interconnection boards, to SLP type carrier boards, and package substrates, the integration degree is getting higher and higher, and the design and processing are more complicated.
Laminates, FPCs, and HDI boards are the main force in the market, and high-end PCB products have a large room for growth. According to Prismark, the total proportion of multi-layer boards, FPCs and HDI boards in 2017 is as high as 74% in the PCB market. It is expected that the compound growth of FPC, HDI and multi-layer boards will reach 3%, 2.8% and 2 by 2021. .4%. The cycle of PCB products is mainly related to terminal requirements.
Driven by the rising prices of raw materials and changes in downstream demand in 2017, the global PCB market showed a more-than-expected growth. The annual output value increased by 8.6%, exceeding the growth rate of the entire electronic system products and far exceeding the GDP growth rate. The demand for pulling the PCB downstream market in 2017 mainly comes from:
(1) The price increase of high-end intelligent machine innovation and upgrade will stimulate the output value of the entire PCB market to increase. The appearance of the Apple iPhoneX has changed greatly. The motherboard adopts a more advanced MSAP stacking solution, and the value of the single machine has nearly tripled, reaching more than 20 US dollars. Innovative appearances and functional parts such as full-screen and 3Dsensing directly increase the demand for rigid-flexible boards and flexible FPC boards. The single-machine value of FPC boards has increased to more than $40. Other non-Ping smart machines quickly followed Apple's innovation in the launch of new products, and vigorously promoted the application of new concepts such as full screen, 3Dsensing, and wireless charging. Although the overall shipment growth rate of smart phones is still declining, the value of single-machine parts and components has rapidly increased, driving the output value of mobile phone boards to exceed the expected growth.
(2) The virtual currency mining boom has driven the surge in demand for mining machine mainboards and chip carrier boards. In 2017, the price of virtual currency led by Bitcoin and Ethereum surged. The price of Bitcoin in the past 17 years has increased 14 times. The supply of upstream mining equipment is in short supply, and the price of mining machines has also risen with the investment boom. The cost of mining machine is mainly composed of main board and chip. The circuit board for main board is mainly 4, 6 and 8 layers. The price of ordinary multi-layer board is 600-800 yuan per square meter, and the price of multi-layer board for bitcoin main board is increased to Square meters 1200-1500 yuan, such boards are mostly domestic low-end board manufacturers supply. The package carrier board for mining machine chips is mainly provided by Japanese and Taiwanese carrier board manufacturers. Although the market generally expects that the virtual currency market is not sustainable, the short-term impact on PCB(OEM Pcb prototype manufacturer china) performance is significant. The monthly demand exceeds 560,000 square meters. It is estimated that the market size of the mining machine plate for 2017 is about 1.24 billion US dollars.
(3) The service/storage market in the computer field has begun to improve, driving the output value of the entire computer system to further expand. As the cloud, data center and artificial intelligence currently require huge storage space and powerful computing power, the scale of the service/storage market will grow rapidly with the gradual penetration of the Internet of Things. The PCB for computer is mainly used for the 6-16 layer multi-layer board and memory chip package substrate for graphics cards.
In the short term, the impact of Apple's mobile phone on PCB production value and technology will continue into 2018. SLP-type carrier board has become the trend of high-end mobile phone motherboards. The loading rate of FPC flexible board on new mobile phones will continue to increase in 2018, but Due to the rapid expansion of production capacity, the rigid-flexible board, which is sought after by the market, mainly consumes the original inventory in the first half of 2018. Demand for storage, server graphics boards and IC package substrates continues to increase. In the medium and long term, in the period of steady economic growth, the third large-scale development of the PCB industry will be the further penetration of automotive electronics, and the resonance era of various fields such as communication, consumer electronics and computers promoted by technologies such as 5G and AI.