Under the overall trend of the global PCB industry shift to Asia, China, as a major electronics manufacturing country, has attracted a large number of foreign and local PCB companies to invest in a huge domestic demand market and relatively low production costs and promoted the Chinese PCB industry in just a few years. Explosive growth.
At present, China has become the world’s largest PCB producer and one of the regions in the world that can provide the largest PCB capacity and the most complete product types. On the whole, although the number of local PCB companies is large, there is still a certain gap between the size and technical level of the enterprises and the foreign-funded enterprises that set up branches in mainland China, and the competitiveness is slightly weak.
From 2008 to 2016, the output value of China’s PCB industry increased from US$15.037 billion to US$27.24 billion, with a compound annual growth rate of 7.7%, far exceeding the global growth rate of 2.53%. The 2008 financial crisis has caused a big impact on the global PCB industry. The Chinese PCB industry has not been spared. However, in the context of the global PCB industry shifting to China, China’s PCB industry has fully recovered after 2009, and the overall growth has maintained a rapid growth trend.
At present, China has formed a PCB industry gathering belt with the Pearl River Delta region and the Yangtze River Delta region as the core region. In 2016, the number of domestic PCB industry enterprises was about 1,880, mainly distributed in the Pearl River Delta, the Yangtze River Delta and the Bohai Rim region. The PCB production in the Yangtze River Delta and the Pearl River Delta accounted for about 90% of the total output in mainland China. PCB capacity in the central and western regions has also expanded rapidly in recent years.
In recent years, with the rise of labor costs in coastal areas, some PCB companies have begun to transfer production capacity from the Pearl River Delta region and the Yangtze River Delta region to the central and western cities with better basic conditions, such as Hubei Huangshi, Anhui Guangde, Sichuan Suining, and other places. The Pearl River Delta region and the Yangtze River Delta region use their talents, economy, and industrial chain advantages to continuously develop into high-end products and high value-added products. The central and western regions will gradually become an important base for China’s PCB industry due to the internal migration of PCB companies.
The fields of communication electronics, consumer electronics, and computers have become the three major application areas of PCB. In the 21st century, the popularity of personal computers has driven the development of PCB products in the computer field. Since 2008, smartphones have gradually become the main driving force for the development of the printed circuit board industry. The proportion of PCB output in the field of communication electronics has been verified by 2009. 22.18% increased to 27.31% in 2016, becoming the fastest growing area for PCB applications. In the future, with the emerging demand in the downstream fields such as automotive electronics, wearable devices, industrial control, and medical devices, the PCB industry will usher in new growth points.
In 2008-2016, the domestic PCB output value increased from US$15.04 billion to US$27.24 billion, with a compound annual growth rate of 7.7%, which is higher than the global average growth rate. In the future, China’s PCB production value is expected to continue to grow. It is predicted that the output value of China’s PCB industry will increase from US$27.24 billion in 2016 to US$35.47 billion in 2022, with a compound annual growth rate of 4.5%.