1. The robust growth of 5G communication and the rapid expansion of the server industry are driving the demand for communication boards.
2. According to Prismark, the global PCB market size for the downstream communications industry was $11.692 billion in 2018 and is projected to reach $13.747 billion by 2022, reflecting a compound annual growth rate of 6.2 percent from 2017 to 2022.
3. We anticipate that the global PCB market for 5G wireless base station construction will amount to 13.365 billion yuan in 2019 and is projected to peak at 45.163 billion yuan by 2022. The surge in the server market in 2018 has further fueled the demand for high-rise boards.
4. Looking ahead, the ongoing construction of 5G networks will continue to drive server demand, spur product upgrades, and sustain the expansion of the server PCB market, promising significant revenue for communication board manufacturers over the next 2-5 years.
5. The electrification and integration of intelligence in automobiles are opening up new growth opportunities for the automotive PCB market.
6. In 2018, the output value of automotive PCBs reached $7.6 billion, and it is projected to escalate to $10.171 billion globally by 2023, with a compound annual growth rate of 6%. By 2023, the production value of conventional fuel vehicle PCBs is expected to decline to $4.149 billion, with a negative compound annual growth rate of -5%.
7. Conversely, the output value of new PCBs for electric vehicles soared to $5.437 billion, boasting a remarkable compound annual growth rate of 23.61%. Additionally, the demand for PCBs facilitating automotive intelligent network connectivity surged to $585 million, with a compound annual growth rate of 10.54%.
8. The production of safety auto panels requires high thresholds, resulting in limited domestic market competition and substantial profit margins for manufacturers in the future.
9. In recent years, consumer electronics have been characterized by continuous innovation, creating fresh growth prospects for the Consumer Electronics PCB segment.
10. PCB production for consumer electronics amounted to $24.171 billion in 2018 and is forecasted to reach $28.087 billion by 2022, with a compound annual growth rate of 4.2 percent, as per Prismark’s projections.
11. Notably, the smart wearable device market has witnessed explosive growth, with shipments escalating from 135 million units in 2018 to a projected 205 million units by 2023, showcasing a compound annual growth rate of 23% from 2018 to 2023 and driving the demand for flexible printed circuit (FPC) boards.
12. Furthermore, the advent of 5G technology is poised to become a new growth catalyst for smartphones. It is estimated that 5G mobile phone shipments will soar to 725 million units by 2023, propelling demand for high-end PCB boards such as Substrate-Like PCBs (SLP) and advanced High-Density Interconnects (HDI).
13. With FPC as the primary focus, manufacturers equipped with SLP and advanced HDI production capabilities are poised to witness a surge in revenue. Noteworthy players include the domestic FPC leader Pengding Holding, Dongshan Precision—a major domestic FPC manufacturer—and Zhongjing Electronics, boasting potential for small-batch high-order HDI mass production.
14. Presently, China predominantly caters to middle and low-end products but is poised to achieve domestic substitution in the high-end product market. Manufacturers of high-end PCB products stand to gain considerable traction in the future.
15. While overseas enterprises currently dominate the global high-end PCB product market, the escalating trade tensions and burgeoning demand for Chinese independent electronic brands bode well for Chinese high-end PCB manufacturers. By diversifying financing channels, augmenting investments in production and research and development, and consistently expanding production capacities, leading domestic PCB enterprises are slated to enhance their market share in high-end PCB products worldwide.
2. According to Prismark, the global PCB market size for the downstream communications industry was $11.692 billion in 2018 and is projected to reach $13.747 billion by 2022, reflecting a compound annual growth rate of 6.2 percent from 2017 to 2022.
3. We anticipate that the global PCB market for 5G wireless base station construction will amount to 13.365 billion yuan in 2019 and is projected to peak at 45.163 billion yuan by 2022. The surge in the server market in 2018 has further fueled the demand for high-rise boards.
4. Looking ahead, the ongoing construction of 5G networks will continue to drive server demand, spur product upgrades, and sustain the expansion of the server PCB market, promising significant revenue for communication board manufacturers over the next 2-5 years.
5. The electrification and integration of intelligence in automobiles are opening up new growth opportunities for the automotive PCB market.
6. In 2018, the output value of automotive PCBs reached $7.6 billion, and it is projected to escalate to $10.171 billion globally by 2023, with a compound annual growth rate of 6%. By 2023, the production value of conventional fuel vehicle PCBs is expected to decline to $4.149 billion, with a negative compound annual growth rate of -5%.
7. Conversely, the output value of new PCBs for electric vehicles soared to $5.437 billion, boasting a remarkable compound annual growth rate of 23.61%. Additionally, the demand for PCBs facilitating automotive intelligent network connectivity surged to $585 million, with a compound annual growth rate of 10.54%.
8. The production of safety auto panels requires high thresholds, resulting in limited domestic market competition and substantial profit margins for manufacturers in the future.
9. In recent years, consumer electronics have been characterized by continuous innovation, creating fresh growth prospects for the Consumer Electronics PCB segment.
10. PCB production for consumer electronics amounted to $24.171 billion in 2018 and is forecasted to reach $28.087 billion by 2022, with a compound annual growth rate of 4.2 percent, as per Prismark’s projections.
11. Notably, the smart wearable device market has witnessed explosive growth, with shipments escalating from 135 million units in 2018 to a projected 205 million units by 2023, showcasing a compound annual growth rate of 23% from 2018 to 2023 and driving the demand for flexible printed circuit (FPC) boards.
12. Furthermore, the advent of 5G technology is poised to become a new growth catalyst for smartphones. It is estimated that 5G mobile phone shipments will soar to 725 million units by 2023, propelling demand for high-end PCB boards such as Substrate-Like PCBs (SLP) and advanced High-Density Interconnects (HDI).
13. With FPC as the primary focus, manufacturers equipped with SLP and advanced HDI production capabilities are poised to witness a surge in revenue. Noteworthy players include the domestic FPC leader Pengding Holding, Dongshan Precision—a major domestic FPC manufacturer—and Zhongjing Electronics, boasting potential for small-batch high-order HDI mass production.
14. Presently, China predominantly caters to middle and low-end products but is poised to achieve domestic substitution in the high-end product market. Manufacturers of high-end PCB products stand to gain considerable traction in the future.
15. While overseas enterprises currently dominate the global high-end PCB product market, the escalating trade tensions and burgeoning demand for Chinese independent electronic brands bode well for Chinese high-end PCB manufacturers. By diversifying financing channels, augmenting investments in production and research and development, and consistently expanding production capacities, leading domestic PCB enterprises are slated to enhance their market share in high-end PCB products worldwide.
