According to recent information from the PCB industry, although the industry as a whole faces some challenges in 2023, the industry showed significant signs of recovery growth in the first quarter of 2024, and it is expected that with the new round of explosive growth of AI, automotive electrification and intelligence, as well as the widespread application of AI in various industries, the rapid development, the PCB industry is expected to usher in a new round of growth cycle. Here are some industry data:
1. Performance repair: The performance of the PCB industry chain declined sharply in 2023, but in the first quarter of 2024, benefiting from the overall recovery of PCB manufacturing, the performance of the copper clad laminate industry was further repaired. 2. Global PCB output value: In 2023, the total output value of global circuit boards (PCBs) was US$69.517 billion, a year-on-year decrease of 15%; it is expected that the PCB industry will achieve restorative growth in 2024.
3. In particular, China has become the world's largest PCB producer with its advantages in labor, resources, policies, and industrial agglomeration. Data show that the scale of China's PCB market reached 307.816 billion yuan in 2022, a year-on-year increase of 2.56%. By 2023, the market size will continue to expand to about 309.663 billion yuan. Analysts predict that by 2024, the size of China's PCB market will further grow to 346.902 billion yuan.
3. AI and automotive electronics drive growth: With the rapid development of AI, automotive electrification and intelligence, the PCB industry is expected to usher in a new round of growth cycle. According to Prismark's forecast, the global PCB output value is expected to reach US$90.413 billion in 2028, with a compound growth rate of 5.4% from 2023 to 2028.
4. Market signal: The market releases a "improvement" signal, and the PCB industry is expected to achieve restorative growth in 2024.
These information show that although the PCB industry faced some challenges in 2023, with technological progress and the recovery of market demand, the industry is gradually regaining its growth momentum.
