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Printed circuit board (PCB) was first widely used in military products by the United States, and then widely used in various consumer electronics in the mid-1950s. Entering the 21st century, the global PCB production and manufacturing base has gradually shifted from Europe and America to Asia. The PCB industry has become the industry with the largest proportion of output value in the global electronic component segmentation industry, and its development level can to some extent represent the development speed and technical level of a country or region's electronic information industry.
From a global perspective, the global PCB industry has a wide range of downstream applications, so it is less affected by a single downstream industry. According to Prismark data, the overall output value of global printed circuit boards showed a growth trend from 2014 to 2021, with a global printed circuit board market size of approximately $80.449 billion in 2021. In the future, the global PCB market will maintain moderate growth, and automotive electronics, industrial control, medical, 5G commercial, intelligent robots, etc. will become new driving forces for the growth of PCB demand. It is expected that the global PCB market size will reach 97.71 billion US dollars in 2023.

Data source: Compiled by Prismark and China Commercial Industry Research Institute
From the perspective of product structure, the current market size of rigid boards is the largest. According to Prismark statistics, in the global PCB market in 2021, multi-layer boards accounted for 38.6% of rigid boards, and single and double sided boards accounted for 11.6%; Next is the packaging substrate, accounting for 17.6%; The proportion of flexible boards and HDI boards is 17.5% and 14.7%, respectively. With the rapid development of technology in the electronic circuit industry and the increasingly extensive integration functions of components, electronic products have increasingly prominent requirements for high-density, high integration, and multi-layer PCBs. Therefore, in the future, the proportion of high-end PCB varieties such as multi-layer boards and HDI boards in the PCB market output value will show an expanding trend.

Data source: Compiled by Prismark and China Commercial Industry Research Institute

Source: China Business Intelligence Network
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