The Rise of PCB Demand in the 5G Era
The PCB industry has experienced a significant surge in demand, driven by the exponential growth of 5G technology. Since the advent of 5G in 2019, the price and quantity of PCBs used in 5G base stations have doubled, leading to increased prosperity for companies in the sector.
Evolution of PCB Product Landscape
As 5G technology evolves, the demand for high-density PCBs has intensified. Multilayer boards continue to dominate the market, with high-end PCB products, such as high multilayer boards, gaining prominence due to the intricate integrated functions required by technological advancements in the electronic circuit industry.
Global PCB Industry Insights
- In 2016, the global PCB landscape comprised 2,800 enterprises, with a significant presence from mainland China.
- While Taiwan-based enterprises lead the top 10 PCB manufacturers globally, mainland China’s manufacturers are growing in number, albeit with smaller scales and lower concentration.
- Despite having the largest number of enterprises, China’s revenue share in the PCB industry was relatively low, signaling room for growth and expansion.
Growth Prospects for Mainland Chinese Manufacturers
The migration of PCB and integrated circuit industries presents mainland Chinese manufacturers with unprecedented growth opportunities. The industry revenue stood at 976.376 billion yuan by the end of the first half of 2019, with passive components and PCB components leading the growth charge.
The comprehensive deployment of 5G substrates, including soft boards and high-end high-speed materials, underscores the sector’s strategic alignment to leverage the potential of 5G technology and capitalize on domestic substitution opportunities.
