PCB (Printed Circuit Board), also known as printed circuit board (PCB) in Chinese, is an important electronic component, mainly composed of insulating substrate and conductor materials, and plays a supporting and interconnection role in electronic equipment. The main advantage of using circuit board is to greatly reduce wiring and assembly errors, and improve the automation level and production labor rate. With the continuous expansion of printed circuit board application scenarios and continuous innovation of downstream products, printed circuit boards can generally be divided into rigid circuit boards, flexible circuit boards, metal based circuit boards, HDI boards, and packaging substrates.
The periodicity of PCB industry is affected by macroeconomic fluctuations. With the continuous development of the electronic information industry, the downstream application fields of the PCB industry are more and more extensive, involving communication electronics, consumer electronics, computers, automotive electronics, industrial control, medical devices, national defense, aerospace and other fields. In general, the PCB industry is less affected by fluctuations in a single industry, while macroeconomic fluctuations and the overall development of the electronic information industry have a greater impact on the industry.
From 2014 to 2020, the global output value of printed circuit boards showed a fluctuating change of decreasing first and then increasing. In 2020, the global output value of printed circuit boards is about US $65.2 billion. At present, China has become the world’s largest PCB producer, accounting for more than 50% of the total output value of the global PCB industry. In 2020, the overall output value of the PCB industry in Chinese Mainland will reach US $35.009 billion, accounting for 53.68% of the total output value of the global PCB industry; In 2021, the PCB market in Chinese Mainland will grow rapidly, reaching 43.616 billion US dollars, an increase of 24.59%. In China’s printed circuit board segment products, the multilayer board market accounted for the largest proportion in 2020, about 44.86%; The second is flexible board and HDI board, accounting for about 17.37% and 17.34% of the market.
In terms of investment and financing, in 2021-2022, the PCB market prospects will be led by emerging application industries. Enterprises are financing to layout the PCB ecological chain, increase the research and development of enterprise PCB core technology, expand production lines and improve production capacity, and plan for the new PCB application market in the next few years. Pi Semiconductor is a research and development manufacturer of circuit board products, integrating research and development, design, manufacturing, and assembly. It focuses on the production and development of circuit board products such as ATE, MLO, HDI, and IC carrier boards. In April 2022, Pi Semiconductor won the A-round investment, which was invested by Guofa Venture Capital and Kaisheng Venture Capital. Prior to that, in August 2021, Pi Semiconductor obtained angel round financing of Yuanhe Origin Investment.
On January 2, 2019, the Ministry of Industry and Information Technology of the People’s Republic of China issued the Conditions for the Printed Circuit Board Industry Standards and the Interim Measures for the Administration of the Printed Circuit Board Industry Standards Announcement, which proposed to encourage the development of the printed circuit board industry, build industrial parks with complete supporting equipment, and guide enterprises to leave the city and enter the park. On December 27, 2020, the National Development and Reform Commission published the Catalogue of Industries Encouraging Foreign Investment (2020), which listed “high-density interconnection laminate, single-layer, double-layer and multi-layer flexible boards, rigid-flexible printed circuit boards and packaging carrier boards, high-density high-thin circuit (line width/line spacing ≤ 0.05mm) flexible circuit boards” in the national directory of industries encouraging foreign investment.
The Investment Planning and Prospect Prediction Report for China’s Printed Circuit Board (PCB) Industry from 2023 to 2028 issued by Ruiguan Industrial Research Institute has 15 chapters in total. First, it introduces the definition of PCB, the industrial chain of PCB, and then analyzes the current development of domestic and foreign PCB industry, and then analyzes the development status of the upstream raw material market, midstream products and downstream application fields of the PCB industry, as well as the regions of the domestic PCB industry. Then, the report analyzes the operation status of key PCB enterprises at home and abroad. Finally, the report gives a detailed introduction to the typical investment projects of PCB, and makes a scientific prediction of its industry development prospects.
The data in this research report are mainly from the National Bureau of Statistics, the General Administration of Customs, the Ministry of Commerce, the Ministry of Finance, the Industrial Research Institute, the Market Research Center of the Industrial Research Institute, the China Printed Circuit Industry Association and key domestic and foreign publications. The data are authoritative, detailed and rich. At the same time, the core development indicators of the industry are scientifically predicted through professional analysis and prediction models. If you or your company want to have a systematic understanding of the PCB industry, or want to invest in the PCB industry, this report is an indispensable tool for you.
