TAIPEI – The global PCB industry will continue to grow in the near future, and China will hold its position as the center of manufacturing for the industry, according to a prediction from Prismark released by the Taiwan Printed Circuit Association.

The firm forecasts annual growth of around 4.6% for PCB output in China until 2026, and the PCB output value will reach around $67.8 billion by 2027 based on growth in the communications market, computer market, automobile market, consumer electronics and other industries.

In 2021, due to factors such as a recovery in demand, upgrading of technical equipment, and a sharp rise in raw material prices, the output value of PCBs in mainland China grew to reach $51.166 billion, a year-on-year increase of 28.4%. For that year, the output percentage of products from China was 49% standard multilayer board, 18% HDI boards, 14% rigid single-layer boards and 14% flexible boards. High-value IC substrates accounted for 4% of the country's output, and rigid-flex boards accounted for 1%.

The top three categories for China's 2021 output were communications, computers and commercial equipment, and automobiles, accounting for 31.5%, 27%, and 16% of the nation's output respectively. Looking at industry trends, computers and commercial equipment grew rapidly in 2021, mainly due to the increase in demand for commercial equipment with the construction of new infrastructure such as data centers; while the demand in the communication field declined, mainly due to a decrease in demand for mobile phones. Compared with the rest of the world, the PCB demand in mainland China's automotive sector was significantly higher than the global average.

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