According to the report, the total global PCB output value in 2022 was 81.74 billion US dollars, with a year-on-year increase of 1.0% driven by the packaging substrate market. After experiencing the general prosperity of global electronic products in 2021, in 2022, due to rising inflation and weakened terminal demand, most of the global electronic product sectors experienced a decline, especially the weak demand for PCBs in PC, TV, gaming, and consumer electronics, which dragged down the overall growth rate of the PCB industry.
The PCB industry is in a new round of growth cycle. The markets of wireless communication, servers and data storage, new energy, intelligent driving, and consumer electronics will continue to be important long-term growth drivers for the industry. The technological upgrading and application scenario expansion of products such as 5G communication, artificial intelligence, cloud computing, electric intelligent connected vehicles, smart wearables, smart homes, and the Internet of Things have not only increased the usage of PCBs, but also further driven the growth of demand for high-order PCB products such as high multi-layer, high-frequency, high-speed, and HDI. It is expected that by 2026, the global PCB output value will reach $101.559 billion
Chinese Mainland is the main production area of the global PCB industry. After 2000, with the transfer of the electronic information industry to the Asia Pacific region, especially the Chinese Mainland, the scale of PCB manufacturing in the Asia Pacific region grew rapidly. Since 2006, Chinese Mainland has surpassed Japan and become the world's largest PCB manufacturing base. The proportion of PCB output value in the world has climbed from 8.1% in 2000 to 54.6% in 2021. Almost all multinational PCB enterprises have set up bases in Chinese Mainland. In 2022, the output value of PCB in Chinese Mainland will be 43.553 billion US dollars, accounting for 53.28% of the global total output value. In the medium and long term, Asia will still dominate the PCB industry, and Chinese Mainland will still dominate. It is estimated that by 2026, the output value of the PCB industry in Chinese Mainland is expected to reach 54.605 billion dollars.
