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Home Industry News Current Situation and Development Trend of the Circuit Board Industry

Current Situation and Development Trend of the Circuit Board Industry

  • August 05, 2021


[Industry news] Current Situation and Development Trend of the Circuit Board Industry


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Printed circuit board is the key interconnect for assembling electronic components, not only for electronic components to provide electrical connection, but also carries the functions of digital and analog signal transmission of electronic equipment, power supply and signal transmission and receiving of radio frequency microwave etc.. Vast majority of electronic equipment and products have to be equipped, so it is called "the mother of electronic products".


In 2020, the 5G industry develops steadily, and 5G, AI, server equipment and automotive electronics have become an important growth point in the PCB industry. According to Prismark’s forecast in May 2021, The PCB industry has a projected growth rate of 14.0% in 2021 and will grow at a compound annual growth rate of 5.8% between 2020 and 2025, with global PCB output reaching $86.325 billion by 2025.


The Industrial Development Trend of the Main Products

(1) Communications electronics industry

The communications electronics market mainly includes product categories such as mobile phones, base stations, routers and switches.The development of 5G promotes the rapid development of the communication and electronics industry. According to Prismark estimates, the global output value of PCB is $21.211 billion in 2021, and will grow at a compound annual growth rate of 6.3% between 2019 and 2024, with the output value reaching $27.836 billion in 2024, accounting for 33.8% of the global PCB industry total output.


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(2) Consumer electronics industry

In recent years, AR(augmented reality), VR(virtual reality), tablet computers and wearable devices have frequently become hot spots in the consumer electronics industry. Combined with the general trend of global consumption upgrading, consumers have gradually moved from the previous material consumption to service-oriented and high-quality consumption.At present, the consumer electronics industry is brewing the next new blue ocean represented by AI, IoT, smart home. Innovative consumer electronics products emerge one after another and will penetrate all aspects of consumer life.


Prismark estimates global PCB output in consumer electronics at $9.273 billion in 2021 and will grow at a compound annual growth rate of 4.2% between 2019 and 2024, reaching $11.44 billion in 2024, accounting for 13.9% of global PCB industry output.


(3) Automotive electronics industry

According to Prismark estimates, the global automotive electronics in 2021, PCB output value fell to $6.192 billion, but with the global automobile industry from the electronic into the intelligent era, driving the vehicle circuit board output value continues to rise, It still grew at a compound annual growth rate of 4.6% between 2019 and 2024, 2024 output value will reach $8.748 billion, accounting for 10.6% of the global PCB industry total output value.


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Organized from the public information


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