According to the analysis of Zhanxin PCB Industry Research Institute, the market size of PCB in mainland China will increase from 27.1 billion US dollars in 2016 to 32.9 billion US dollars in 2018. 2017 and 2018 are the golden years of PCB development in China, with growth rates of 9.62% and 10.08% respectively.
China's PCB market scale in 2016-2022
Data source: Zhanxin PCB industry research institute
Thanks to the development of 5g network, VR application products, mobile phones, electric vehicles, artificial intelligence and other emerging application markets, the PCB market in China is expected to maintain a growth rate of more than 4% in 2019-2022.
It is estimated that the market size of PCB in China will reach US $34.7 billion in 2019, up 5.58% year on year. In the first half of 2019, some leading PCB enterprises, such as Shennan circuit, achieved an operating revenue of 4.792 billion yuan, a year-on-year increase of 47.90%, and the revenue reached half of 9.339 billion yuan (a year-on-year increase of - 1.49%) of Avary Holding. It is expected that Shennan circuit will break through 10 billion yuan in 2019. In the first half of 2019, the growth rate of Kinwong electronics and WUS printed circuit Co., Ltd. is also above 25%.
In general, the year-on-year growth rate of revenue of PCB listed enterprises in China is far higher than the global average growth rate.
In 2020, China's PCB market will reach 36.3 billion US dollars, an increase of 4.55% year on year. In 2021, the market size of PCB in China will reach 37.9 billion US dollars, an increase of 4.42% year on year. In 2022, the market size of PCB in China will reach 39.9 billion US dollars, an increase of 4.00% year on year.
In November 2019, China's 5g mobile phone package application will start to be fully implemented, which will also bring new impetus to the development of PCB market. It is expected that from November 2019, the sales volume of 5g mobile phones in China will lead to explosive growth, and it is expected that the sales volume of 5g mobile phones in China will exceed 2.5 million in the whole year. From September 21, China Mobile took the lead in opening 5g booking activities, to 3 p.m. on October 9, China Mobile and China Unicom's 5g booking volume was 5.988 million, 2.1103 million and 2.0154 million respectively, totaling 10.1137 million. The enthusiasm of users for 5g package booking will also lead to the acceleration of 5g mobile phone replacement trend or the increase of 5g mobile phone sales. In particular, flexible PCB, packaging substrate and other markets will get new development opportunities.