China is the largest revenue market, with a market share of 51.58% in 2015 and 54.11% in 2020, an increase of 2.53%. Printed circuit boards have a relatively mature industrial chain in Chinese mainland, and domestic policies are conducive to industrial development. The 13th Five-Year Plan points out that to speed up the construction of a new generation of high-speed, mobile and secure information infrastructure, PCBA products are indispensable, whether it is the deep popularization of high-speed wireless networks and new energy vehicles, or actively promoting the research on intelligent manufacturing, artificial intelligence, the fifth-generation mobile communication (5G) and ultra-wideband technology, or the layout of future network architecture, technical system and security system, so the internal growth momentum of PCBA industry in China is still remarkable. With the tight supply of raw materials in China PCBA market and the increasingly strict environmental protection policy, the threshold of PCBA industry is gradually raised and the industry is more concentrated, and the strength and stability of enterprises will win more market space.
In 2019, North America ranked second with a market share of 10.70%. In addition, the market share of Europe, Japan, Middle East and Africa, India and South America are 8.41%, 7.98%, 3.29%, 2.36% and 2.62% respectively. From the distribution of PCBA companies, there are many enterprises in the Asia-Pacific region with high market concentration. The top three companies are Honhai Precision Industry Co., Ltd., Pegatron Corporation and Flextronics International, Ltd, with revenue market share of 30.98%, 11.31% and 5.99% respectively in 2019.
