PCB Industry Development Characteristics
Enterprises with low concentration of foreign companies occupy major market positions
China's PCB industry is developing rapidly, but the initial output value contribution is mainly from China's foreign capital production capacity, while domestic enterprises are less competitive. According to the statistics of CPCA, in the PCB industry, the proportion of foreign manufacturers in China is 58%. Although the number of domestic manufacturers has increased, the scale is relatively small. From the data of domestic PCB companies in 2017, the proportion of domestic enterprises with a scale of more than 1 billion is less than 30%. Among the top ten domestic PCB manufacturers, only two Chinese local companies are on the list, and the total of the top ten is 40.18%. Chinese PCB companies are small in scale and low in aggregation.
Emerging industries promote industrial development, and China's PCB output value will exceed 40 billion US dollars in the future
China is a globally influential electronic information product manufacturing base and consumer market. With the continuous development of "Made in China 2025", emerging markets include mobile Internet, Internet of Things, big data, cloud computing, artificial intelligence, driverless cars and so on. Many well-known local companies have emerged to provide more development opportunities to support the electronics manufacturing industry.
In addition, since 2019, Henan, Beijing, Chengdu, Shenzhen, Jiangxi, Chongqing and other places have launched action plans or planning plans to support the 5G industry. With the advent of the 5G business era, the pace of network infrastructure construction such as base stations has accelerated, and the requirements for communication materials have become higher and higher, and the demand for 5G communication devices has also increased. In the future, major operators will invest more in 5G construction. Therefore, there will be a huge market for communication PCBs in the future. It is estimated that by 2022, China's PCB production value will exceed 40 billion US dollars, and by 2024, the output value will reach 43.8 billion US dollars, the market size is very large.