China is the global manufacturing center of electronic products and the largest consumer market of electronic products in the world, which provides sufficient market depth for the domestic PCB industry. At the same time, the domestic PCB industry chain complementary perfect, sufficient labor resources and other advantages make the domestic PCB enterprises still have obvious competitive advantages.
China is the world's most important PCB production base. According to Prismark, Asia accounted for about 90% of the world's total PCB industry output in 2017, and China accounted for more than 50% of the world's total PCB industry output. The domestic PCB industry has entered a stage of sustained and stable growth, with the output value of China's PCB industry reaching 29.732 billion US dollars in 2017.
In 2017, there were about 1,300 PCB enterprises in China, mainly distributed in the Pearl River Delta, Yangtze River Delta and Bohai Rim. The output value of PCB in the Pearl River Delta and Yangtze River Delta accounted for about 90% of the total output value of the mainland of China. At the same time, due to the increasing labor costs and environmental protection requirements in coastal areas, the domestic PCB industry is gradually shifting to better inland industries, such as Jiangxi Province.
Industry characteristics
The PCB industry is characterized by regional, cyclical and seasonal characteristics. Regionally, due to the high level of economic development in the coastal areas of East and South China, and the relatively developed electronic and information industry, the advantages of talent, economy and industry chain are more prominent, so the industry companies in these two regions continue to develop towards high-end products and high value-added products.
In recent years, due to the rising labor costs, environmental protection policies and other factors, in the western and central regions with better basic conditions, companies in the industry have also increased the pace of expanding production capacity.
In terms of periodicity, the downstream application of PCB industry is more extensive, covering consumer electronics, communications equipment, automotive electronics, medical electronics, industrial control equipment, intelligent security, clean energy, aerospace and military products, and other social and economic fields, so the PCB industry is less affected by a single industry, its week The period is mainly characterized by fluctuations in macroeconomic fluctuations.
In terms of seasonality, the production and sales scale of PCB in the second half of the year is generally higher than that in the first half of the year, but the overall seasonal characteristics will not be obvious.
In addition, the downstream applications of the PCB industry are also showing a growing trend, smart phones and other mobile phones boom led to the rise in demand for FPC boards, the development of high-end servers to promote the expansion of the market space for HDI boards. With the further development of science and technology, the downstream application fields of PCB industry will continue to increase in the future.
