The Growing Demand for Communication Boards in the Global Market

The advancement of 5G technology and the rapid expansion of the server industry are driving the need for communication boards worldwide.

Key Market Insights:

• The global PCB market for the communications industry was $11.692 billion in 2018 and is expected to reach $13.747 billion by 2022, with a projected growth rate of 6.2% annually.
• The PCB market for 5G wireless base station construction is estimated to be 13.365 billion yuan in 2019, set to peak at 45.163 billion yuan by 2022.
• The surge in server market growth in 2018 has further fueled the demand for high-quality boards.

Future Outlook:

The ongoing expansion of 5G networks will continue to boost server demand, encourage product upgrades, and support the growth of the server PCB market, promising substantial revenue for communication board manufacturers in the next 2-5 years.

Opportunities in the Automotive PCB Market:

• The electrification and integration of intelligence in automobiles are creating new avenues for growth in the automotive PCB sector.
• In 2018, the global output value of automotive PCBs reached $7.6 billion and is projected to rise to $10.171 billion by 2023, with a 6% annual growth rate.
• The production value of PCBs for electric vehicles has seen a significant 23.61% compound annual growth rate, reaching $5.437 billion.

Growth in Consumer Electronics PCB Segment:

• Consumer electronics innovations are driving growth in the PCB segment, with production reaching $24.171 billion in 2018 and expected to hit $28.087 billion by 2022.
• The smart wearable device market is booming, with shipments projected to increase from 135 million units in 2018 to 205 million units by 2023, driving demand for flexible printed circuit boards.

The Impact of 5G Technology on Smartphone PCBs:

• The rise of 5G technology is set to revolutionize smartphones, with estimated shipments of 725 million units by 2023, boosting demand for high-end PCB boards like Substrate-Like PCBs (SLP) and advanced High-Density Interconnects (HDI).
• Manufacturers focusing on FPC, SLP, and advanced HDI production capabilities are expected to see a surge in revenue, with notable players including Pengding Holding, Dongshan Precision, and Zhongjing Electronics.

Market Expansion and Opportunities:

Chinese high-end PCB manufacturers are poised for growth, with increasing trade tensions and the rise of Chinese electronic brands creating opportunities for domestic players to enhance their market share globally through strategic investments and capacity expansion.