1. China accounts for more than half of the global PCBA market, the mainland is rising
Printed circuit board (PCBA) products have been in commercial use since 1948 and have been invented and widely used since the 1950s. The traditional PCB industry is a labor-intensive industry with a lower technology density than the semiconductor industry. Since the beginning of the 21st century, it has gradually moved from the US and Japan to the semiconductor industry in China and Japan. Since its inception, China has become an influential PCBA producer in the world, with PCB production accounting for more than 30% of the world.
In 2018, the global output value of printed circuit boards reached US$63.6 billion. According to the data of the Institute of Obstetrics and Gynecology of the Industrial Engineering Research Institute, although Taiwan still won the global market share of 31.3% in 2018, the proportion of mainland China also reached 23%. And the market share have risen steadily, gradually occupying Taiwan’s leading position. The two together accounted for 54.3% of the global PCBA output value, sitting on the NO1 throne.
2. 2018 China's PCBA output value exceeds 34 billion multi-layer board dominates
China's electronic circuit industry is on the path of “industrial transfer”which has a healthy and stable domestic demand market and significant manufacturing advantages, attracting a large number of foreign-funded enterprises to shift their production focus to mainland China. After years of accumulation, the domestic PCBA industry has gradually matured. As a major production area of single-layer PCBA. China is further extending to the mid-to-high-end market.
In recent years, the scale of China's PCBA output has expanded year by year.
