Oem pcb fabrication1) 5G and the high growth of the server industry are driving demand.
According to Prismark statistics, the PCB market size of the downstream communication industry in 2018 was US$11.692 billion, and it will reach US$13.747 billion in 2022, with a compound annual growth rate of 6.2% from 2017 to 2022. Mainly due to the advent of the 5G era, the construction of 5G base stations, cloud computing, Internet of Things and other accelerated applications have greatly increased the application demand for PCBs. The explosive growth of the server market in 2018 drove the demand for high-level boards. In the future, 5G construction will further expand server demand and promote server product upgrades, and the server PCB market is expected to continue to expand.
2) The electrification and intelligence of automobiles bring new space for automobile PCBs.
In 2018, the output value of automotive PCB was 7.6 billion US dollars, and it is expected that the global automotive PCB output value will reach 10.171 billion US dollars in 2023, with a compound growth rate of 6%. For example, smart cars, the beginning and imminent popularization of driverless technology have brought many new opportunities to the PCB industry.
3) PCB for consumer electronics has a lot of room for growth.
According to Prismark statistics, the PCB output value for consumer electronics in 2018 was US$24.171 billion, and it is expected to reach US$28.087 billion in 2022, with a CAAGR of 4.2%. For example, in 2020, with the large-scale commercial development of 5G, the replacement wave of 5G mobile phones to replace 4G mobile phones will also come, which will also greatly drive the demand for PCB.
All in all, the demand for the PCB market is on the eve of the outbreak, and the scale of this market is extremely large. According to the forecast, the global demand for PCB output value will reach about 52 billion US dollars around 2022. Another huge market.