PCB industry chain

The upstream, midstream and downstream PCB industry will be shown in this article.

PCB, commonly known as the printed circuit board, is the mother of electronic system products, covering 5G, cloud computing, consumer electronics, automobile, military industry, aerospace, and so on.

PCB Industry Chain - PCB industry chain

The upstream of the PCB industry

Upstream of the industrial chain is PCB raw materials, including copper-clad plate, copper foil, copper ball, prepreg, and other base materials. Take the Shennan circuit as an example, as a PCB manufacturer over the years, the cost of raw materials accounts for more than 40% of the operating revenue. Raw materials are the most important part of the gross profit space of PCB enterprises. Among the raw materials, the purchase of copper-clad laminate and prepreg accounts for about 50% of the cost of raw materials, which is the most direct upstream of PCB.

At present, in the field of copper-clad laminate, Kingboard group, which is listed in the Hong Kong stock market, ranks the first in the world, and Shengyi technology is the second. At present, the output value of CCL in mainland China has reached 65% of the world’s output value, and the special copper clad laminate with high added value is monopolized by foreign factories such as Rogers, Taconic, and Panasonic.

The Midstream of the PCB industry

The midstream of the industrial chain, including various communication PCB, automobile PCB, medical PCB, industrial control PCB, military PCB, etc. Among them, communication PCB accounts for about 30% of the total PCB market.

Communication PCB can be subdivided into different types, including optical module, base station antenna, filter, vibrator board, etc. It is reported that in 2018, the market size of global communication PCB is 19. 065 billion US dollars, while the market share of base station PCB is 5-9 billion yuan, accounting for 5-10% of the total PCB output value.

The downstream of the PCB industry

At the downstream of the industrial chain, from the perspective of output value, PCB is currently the most widely used in the field of communication, computer (IDC), and other traditional electrical insulation systems. According to WECC data, in recent years, communication accounts for the largest proportion of PCB Applications, more than 30%.

In terms of incremental market, PCB output value in transportation (new energy vehicles, intelligent driving), medical and aerospace fields is also increasing.

According to Primark, from 2017 to 2022, communication and automotive electronics are expected to replace consumer electronics and become a new driving force for the global PCB industry, with cagr5 of 3. 66% and 6. 43% respectively.

According to N. T. Information statistics, there are about 2800 PCB factories in the world, of which 116 are worth more than 100 million US dollars, mainly distributed in the US, Japan, Korea, mainland China, and Taiwan.

 


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