The market segmentation is obvious: the top tier companies in the global circuit board market, such as Foxconn and BYD, occupy the mid to low end market with cost advantages, but have insufficient voice in the high-end field. Second tier companies such as Shennan Circuit and Xingsen Technology have entered the high-end market through HDI and packaging substrate technology, with a market share of over 30% in the AI server PCB field and a gross profit margin of 35% -40%. Japan’s Qisheng and South Korea’s Samsung Electric still have technological advantages in the high-end market, but Chinese companies are achieving breakthroughs through technological iteration and customer binding.
Regional concentration: In the regional distribution of China’s PCB industry, the Pearl River Delta region has the highest number of enterprises and the highest proportion of output value, making it the core area of China’s PCB industry. But with the promotion of industrial transfer, the circuit board industry in the central and western regions is also gradually developing and growing.