Chinese-funded PCB continues to grow and its output value has the opportunity to “sit back and watch”
yahoo! news
November 18, 2024
Author NOWnews Today's News Reporter Zhong Hongliang/Taipei Report
November 18, 2024
Author NOWnews Today's News Reporter Zhong Hongliang/Taipei Report
[NOWnews Today's News] The Taiwan Circuit Board Association (TPCA) announced today (18th) that it has recently released the "2024 Mainland China PCB Industry Dynamics Observation" with the Institute of Obstetrics and Technology of the Industrial Research Institute. The report pointed out that the global market share of the Chinese-funded PCB industry in 2023 will be approximately It is 30%, with an output value of US$22.98 billion, ranking second in the world. Its main applications focus on communications, automobiles, computers and consumer electronics.
TPCA stated that in the face of the rise of Chinese-funded PCBs, although the product structures of Taiwan-funded and Chinese-funded manufacturers are similar, their main customers and terminal product positioning are still different; Taiwan-funded companies must assess the situation, strengthen technological innovation and product upgrades, and enhance their international presence. market competitiveness.
The report points out that in 2023, the global market share of the Chinese-funded PCB industry will be approximately 30.5%, with an output value of US$22.98 billion, ranking second in the world; the product categories are multi-layer boards, HDI boards and soft boards as the main production types. In terms of application fields, communications is the largest market, accounting for nearly 30%, followed by automobiles, computers and consumer electronics.
Observing the performance of China's listed PCB factories in the first half of this year, although revenue generally increased, there were still many companies with declining gross profit margins and net profit margins, showing that companies are facing greater profit pressure during market expansion.
Overall, the gross profit margin in the first half of 2024 decreased by 0.1 percentage points compared with the same period last year, while the net profit margin increased slightly by 0.4 percentage points; small companies with annual revenue of less than 1 billion yuan performed relatively weakly, with gross profit margins and net profit margins falling by 0.8 points respectively. and 1.8 percentage points.
Looking forward to 2024, the Chinese-funded PCB industry will rapidly grow to US$26.79 billion, with an annual growth rate of 16.6%, and the global market share will increase to 32.8%. Chinese-funded PCB will likely become the world's largest PCB output value; with the popularization of AI applications and new energy vehicles are competing for market share, which has led to a significant increase in demand for PCBs related to AI servers and automotive electronics, and has become an important driving force for industry growth.
In terms of production bases, 51% of the world's PCB products will be produced in China in 2023. However, in response to geopolitical changes and global customers' demands for supply chain diversification, Chinese PCB manufacturers are also accelerating their overseas deployment to seek a larger market. Chance.
Among them, Thailand is its preferred investment destination, mainly due to its relatively complete infrastructure, relatively mature PCB supply chain and investment incentives. At the same time, Thailand, as the ninth largest automobile manufacturing base in the world, coupled with its huge domestic demand market, provides an ideal investment environment for Chinese PCB manufacturers. As of the end of 2024, 27 Chinese/Hong Kong PCB manufacturers have invested in Thailand.
【Disclaimer】
The content of this article represents only the author’s personal views and has nothing to do with Creating.
The content, textual description and originality have not been confirmed by this site. This site does not make any guarantee or commitment for this article and all or part of its content, authenticity, completeness, and timeliness. It is for readers' reference only. Please verify the relevant content by yourself.
Creating Nano Technologies, Inc.
59 Alley 21 Lane 279, Chung Cheng Road, Yung Kang City, Tainan, TAIWAN
TEL:886-6-2323927 FAX:886-6-2013306 URL: http://www.creating-nanotech.com