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China has become the world's largest PCB producer, what is the size of the PCB market in recent years?
Under the overall trend of the global PCB industry shifting to Asia, China, as a major electronic product manufacturing country, has attracted a large amount of foreign investment and local PCB companies with its huge domestic demand market and relatively low production costs, and promoted China's PCB industry in just a few years. Explosive growth.
Under the overall trend of the global PCB industry shifting to Asia, China, as a major electronic product manufacturing country, has attracted a large amount of foreign investment and local PCB companies with its huge domestic demand market and relatively low production costs, and promoted China's PCB industry in just a few years. Explosive growth. At present, China has become the world's largest PCB producer, and it is also one of the regions in the world that can provide the largest PCB production capacity and the most complete product type. On the whole, although there are a large number of local PCB enterprises, there is still a certain gap between the scale and technical level of their enterprises and the foreign-funded enterprises that set up factories in mainland China, and their 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 per cent, far exceeding the overall global growth rate of 2.53 per cent. In 2008, the financial crisis had a great impact on the global PCB industry, and China's PCB industry was not spared. However, under the background of the transfer of the global PCB industry to China, China's PCB industry recovered in an all-round way after 2009, maintaining a rapid growth trend as a whole.
At present, China has formed a PCB industry cluster with the Pearl River Delta region and the Yangtze River Delta region as the core area. In 2016, there were about 1880 domestic PCB industry enterprises, mainly distributed in the Pearl River Delta, Yangtze River Delta and Bohai Rim. PCB production in the Yangtze River Delta and Pearl River Delta accounted for about 90% of the total output of Chinese mainland. PCB production capacity in the central and western regions has also expanded rapidly in recent years. In recent years, with the rising labor costs in coastal areas, some PCB enterprises have begun to migrate their 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 Huangshi in Hubei, Guangde in Anhui, Suining in Sichuan and other places. The Pearl River Delta region and the Yangtze River Delta region use their talents, economy, and industrial chain advantages to continue to develop in the direction of high-end products and high value-added products. Due to the internal relocation of PCB enterprises in the central and western regions, it will gradually become an important base for China's PCB industry.
Communication electronics, consumer electronics and computers have become the three major application areas of PCB. Entering the 21st century, the popularity of personal computers has driven the development of PCB products in the computer field. Since 2008, smart phones have gradually become the main driving force for the development of the printed circuit board industry. The proportion of PCB output value in the communication electronics field has increased from 22.18 in 2009 to 27.31 in 2016, becoming the fastest growing field of PCB applications. In the future, with the emergence of emerging demand in downstream areas such as automotive electronics, wearable devices, industrial control, and medical devices, the PCB industry will usher in new growth points. From 2008 to 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, higher than the global average growth level. In the future, China's PCB output 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.
Section I Analysis of China's PCB Market Scale in 2016
Under the overall trend of the global PCB industry shifting to Asia, China, as a major electronic product manufacturing country, has attracted a large amount of foreign investment and local PCB companies with its huge domestic demand market and relatively low production costs, and promoted China's PCB industry in just a few years. Explosive growth.
At present, China has become the world's largest PCB producer, and it is also one of the regions in the world that can provide the largest PCB production capacity and the most complete product type. On the whole, although there are a large number of local PCB enterprises, there is still a certain gap between the scale and technical level of their enterprises and the foreign-funded enterprises that set up factories in mainland China, and their 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 per cent, far exceeding the overall global growth rate of 2.53 per cent. In 2008, the financial crisis had a great impact on the global PCB industry, and China's PCB industry was not spared. However, under the background of the transfer of the global PCB industry to China, China's PCB industry recovered in an all-round way after 2009, maintaining a rapid growth trend as a whole.
Chart: Output Value of PCB Industry in China from 2008 to 2016
Influenced by the regional layout of industry manufacturers, the output value of PCB circuit board manufacturers in East China accounted for 45.3 percent of the total output value of the industry in 2016; PCB circuit board manufacturers in South China accounted for 42.4 percent; Northeast China accounted for 5.4 percent; and Central China accounted for 4.6 percent.
Chart: Regional distribution structure of PCB output value in China in 2016
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