[Hot Spot] China’s PCB output and value rank first in the world

The PCB industry is the industry with the largest output value among the global electronic component sub-sectors. The three major regions of America, Europe, and Japan started early and accounted for more than 70% of the global PCB production output value before 2000. However, in the past 20 years, relying on Asia, especially China's advantages in labor, resources, policies, and industrial agglomeration, global electronics manufacturing capacity has been transferred to Asian regions such as mainland China, Taiwan, and South Korea. Since 2006, mainland China has surpassed Japan and become the world's number one.

The proportion of mainland China's PCB output value in the total global PCB output value has increased from 8.10% in 2000 to 54.60% in 2021, ranking first in the world in both PCB output and output value. As logistics improves, more and more customers in Western Europe and the Middle East order PCBs from China.

According to Prismark's previous predictions, Asia will continue to dominate the development of the global PCB market in the future, and China's core position will be more stable. The PCB industry in mainland China is expected to have a compound annual growth rate of 4.30%, and the total output value will reach 54.605 billion US dollars by 2026.