Printed Circuit Board (PCB) Industry Research and Analysis Report
Before the advent of PCB, the electronic components in the circuit were directly connected by wires. The method was simple and intuitive, but the increase in the number of electronic components made the direct connection complexity and manufacturing cost increase rapidly.
In fact, it is almost impossible to connect more than a certain number of electronic components to each other. PCB adds the metal material as the wire on the insulating substrate, which greatly reduces the difficulty of implementation and the manufacturing cost of the complex circuit. Therefore, after the PCB appears, it quickly dominates the interconnection of electronic components.
The general PCB industry includes the whole process from circuit design, manufacturing inspection to component assembly. The narrowly defined PCB industry refers to the manufacturing inspection process. PCB manufacturing quality directly affects the functionality and reliability of the final electronic product, so PCB is a fundamental and important sub-industry in the electronic information industry.
Industry driven and development trends
(1)The PCB market is huge, and its industry growth is highly correlated with the global macro economy. As it is the basic industry of the electronic information industry, it is expected that the future electronic information industry will continue to lead the global economic growth, so the PCB industry growth rate will be slightly higher than the macro Economic growth.
Major downstream such as communications, computers, consumer electronics, and automotive electronics provide sustainable development momentum for the PCB industry. It is expected that the compound growth rate will be 3.2% in the next five years. In the short to medium term, the growth rate of communication and automotive electronics is significantly higher than other industries, which is an important force driving the development of the PCB industry.
(2) As the demand for downstream consumer electronics, automotive electronics and other industries continues to escalate, the proportion of high value-added products is gradually increasing. After entering the 5G era, the PCB usage of smartphones will increase significantly, and the demand for high-frequency and high-speed PCB will continue to increase. In addition, the demand for high-end PCBs will increase exponentially for all types of automotive electronics for autonomous driving and new energy vehicles.
(3) Due to the important position of mainland China in the global information industry, coupled with China's many advantages in the PCB industry, the industry's focus will continue to shift to China. It is expected that the growth rate of the industry in mainland China (including foreign capital) will reach 3.7% in the next five years. , significantly higher than the global average growth rate.
(4)Domestic-funded enterprises are developing rapidly. Leading manufacturers still have more room for improvement in scale and technology than internationally renowned enterprises, and industry concentration will continue to increase.