2020 China PCB industry development status and future development trend analysis
The PCB industry chain is basically conducted according to the raw material-copper clad laminate-PCB-product application: from the perspective of the industry chain, the main raw materials of the PCB upstream are copper clad laminate, copper foil, and copper balls. The applications are mainly consumer electronics, computers, automobiles, etc. Therefore, the upstream and downstream of the PCB industry are closely linked to macroeconomic fluctuations, and the growth rate of the industry's output value is generally consistent with the global GDP fluctuation trend. Since 2000, the development and growth of the global PCB industry has shown three stages: the first stage (from 2000 to the end of 2002), due to the global economic contraction and recession caused by the bursting of the Internet bubble, the demand for downstream electronic terminal products has been relaxed The global output value of PCBs declined, the second phase (from the beginning of 2003 to the first half of 2008), benefiting from the good recovery of the global economy and the high growth of demand brought by the continuous innovation of electronic products, the output value of the PCB industry increased rapidly; third At this stage (from the second half of 2008 to the present), the financial crisis disrupted the good growth of the PCB industry. In 2009, the PCB industry experienced a winter. With the rise of downstream smart phones, tablet computers and other new electronic product consumption, PCB output value has recovered rapidly , Has now exceeded the peak before the outbreak of the financial crisis.
PCB upstream and downstream industry chain
Global PCB output value and growth rate
According to the data from the Survey of China PCB Industry Development Status and Market Profit Forecast Report 2020-2026 released by Zhiyan Consulting: By 2019, the global PCB output value will increase to US $ 65.8 billion, an increase of 3.5% year-on-year; it is expected that by 2020, the global PCB output value will reach 71.8 billion US dollars, will exceed 75 billion US dollars in 2024. The growth rate of domestic PCB products is significantly higher than the growth rate of the global market, especially the growth of the output value of high-end boards and other high-end boards. The proportion of PCB output value in mainland China will continue to increase in the future.
Annual compound growth of PCB output value from 2016 to 2020
Generalized PCB can be divided into hard board and flexible board (FPC). The hard board can be divided into single panel / double panel, multi-layer board, HDI and carrier board according to the number of layers. Laminates can be as complex as dozens of layers. As the "mother of electronic products", PCB has played a role in the industry chain, and its downstream application fields are very broad. Computers, communications, consumer electronics, and automotive electronics accounted for 24%, 29%, 14%, and 10%, respectively.
Looking back at the PCB development process, it roughly follows the trend of Europe, America, Japan, Taiwan, China, and the mainland: the current trend of industry transfer to the mainland has been established. In the 1990s, the US PCB industry reached its peak. Around 2000, the Japanese PCB industry ushered in its golden moment. Subsequent Chinese Taiwanese manufacturers benefited from the outbreak of the foundry industry and smartphones, and many companies have become the global PCB industry leaders. At the current moment, the global PCB production capacity is shifting to the mainland, on the one hand, because the labor cost in the mainland is lower than that in developed countries, and on the other hand, the environmental protection policies in developed regions are more stringent. China's PCB output value will reach USD 35.686 billion in 2022, CAGR = 3.7%, exceeding the global compound annual growth rate of 3.2%
Proportion of output value of different types of PCB boards
PCB classification according to downstream applications
2017-2022 Global PCB Industry Development Forecast
At present, China has formed an industrial gathering belt with the Pearl River Delta region and the Yangtze River Delta region as its core regions. In 2013, there were about 1500 domestic PCB industry enterprises, mainly distributed in the Pearl River Delta, Yangtze River Delta and Bohai Rim Region, of which the PCB output value of the Yangtze River Delta and the Pearl River Delta accounted for about 90% of the total output value of mainland China. However, in recent years, due to the increase in labor costs, some PCB companies have moved their production capacity from the Pearl River Delta and Yangtze River Delta regions to midwestern cities with better basic conditions, such as Huangshi in Hubei, Guangde in Anhui, and Suining in Sichuan. The Pearl River Delta region and the Yangtze River Delta region have continued to develop towards high-end products and high-value-added products using their talents, economy, and industrial chain advantages.
Regional distribution of China's PCB industry
Industry development trends
The application scope of FPC in smartphones covers flash & power cord, antenna, vibrator, speaker, side key, camera, motherboard, display and touch module, HOME key, SIM card tray, independent backlight, headphone jack and microphone FPC, etc. In recent years, Apple ’s innovation and hardware upgrades have brought an increase in FPC usage: from the application of the iPhone6 fingerprint recognition module, the application of the iPhone7plus dual camera, to the unprecedented upgrade of the iPhoneX components in 2017, the iPhoneX FPC usage With more than 20 tablets, the value of a single machine has increased from about 30 dollars in the previous generation to more than 40 dollars.
Apple ’s innovation has always been a hotspot in the consumer electronics industry chain. The increase in FPC usage in Apple products can not only directly provide a large number of orders to FPC manufacturers, but also drove the Android camp ’s investment in FPC usage of smart products and increased FPC Demand. At present, FPC usage of mainstream mobile phones in the Android camp is gradually increasing. Samsung's stand-alone usage is about 12-13 tablets, and HOV stand-alone usage is about 10-12 tablets. At this stage, the single-use usage of smart phone FPC has reached an average of 10-15 tablets. In the future, with the increase of smart wearable device shipments and the thinning and innovation of consumer electronics, the market space of FPC will have a broader application.