With the increasing proportion of China's PCB output value in the world, the PCB industry in mainland China has entered a stage of sustained and stable growth. In 2017, the output value of China's PCB industry will reach 28.08 billion US dollars. The output value of China's PCB industry will increase from 27.1 billion US dollars in 2016 to 31.16 billion US dollars in 2020, with a compound annual growth rate of 3.5%.
Development Trend 1: Improvement of Production Automation and Change of Production Mode
PCB industry belongs to labor-intensive industry. With the increase of labor cost, enterprises will gradually carry out industrial automation transformation, gradually changing from manual production mode to automatic equipment production mode.
Development Trend 2: Policies are continuously issued, and there is a huge market development space.
Electronic information is a key strategic pillar industry in China. Printed circuit boards (PCBs) are the basic products of electronic products. The vigorous development of national policies promotes and guides the benign development of the industry.
Development Trend 3: Automotive Electronics Promotes Rapid Growth of PCB Demand.
The application field of PCB involves almost all electronic products, and it is an indispensable basic component of modern electronic equipment. The rapid growth of automotive electronics has brought about a multiplier growth of the corresponding demand for automotive PCB.
Development Trend 4: Pollutant Control, Processing, Manufacturing and Products to Environmental Protection
With the prominent ecological environment problems, the concept of green environmental protection has been recognized in the electronic industry. Under the stringent environmental standards, enterprises need to establish a more perfect environmental protection system, the sustainable development of the future industry, the future industry processing and production will develop towards environmental protection.
[The development of IC industry in China is turning to service-oriented services]
The China–United States trade war has indeed brought about crises, but in fact more opportunities, because it has a positive impact on the industry, breaking the illusion of buying and using overseas technology.
At the critical moment, supply chain security determines the fate of many companies, and domestic semiconductor companies need to shoulder this important task. The China–United States trade war has increased the domestic semiconductor industry's market share by 4%, about 100 billion yuan, which is equivalent to a large fund and can create a lot of listed companies.
With the development of domestic semiconductor industry, the significance of import substitution and import substitution several years ago has changed. Wang Lin said that at that time, most domestic semiconductors belonged to the blank market. As long as the chip can be developed in any field, the performance is similar and the price is lower, there will be many fake customers to adopt it. Import substitution is easy to achieve. However, the import substitution under the Sino-US trade war requires more performance, quality and reliability, followed by cost.
Five aspects determine the position of chip manufacturers in the competition. Wang Lin pointed out that research and development, supply chain is difficult to compete with foreign manufacturers PK. The era of competing talents has passed, and only the gross profit margin can be matched. The most important thing is the matching service. Chip design company is not the primary industry, but the third industry.
With the advent of scientific innovation board, the industry's mentality tends to be impetuous. In this regard, Wang Lin stressed that without a decade of determination to sharpen a sword, whether it is semiconductor start-up or investment is very dangerous, and the need for a long-term determination in this field.
Shenzhen will actively introduce major projects of 5G industry, and PCB and other sub-fields will benefit first.
Shenzhen has issued a number of measures to take the lead in realizing full coverage of 5G infrastructure and promoting high-quality development of 5G industry. It points out that optimizing the direction of funds should focus on supporting 5G development. Give full play to the role of municipal financial special funds, and support the development of 5G industry through diversified support methods such as direct subsidies, loan discounts, risk compensation, etc.
For telecom operators who have completed the target of 5G base station construction on time, in principle, they will be awarded 10,000 yuan for each base station constructed in an independent networking mode, and 150 million yuan for a single Telecom operator.
Huajin Securities pointed out that the 5G investment wave in infrastructure will drive enterprises in the industrial chain to gradually cash in their performance. In the initial stage of communication network construction, the sub-fields of wireless antenna/filter RF devices, optical modules in optical connection, PCB and so on will take the lead in benefiting.
Development Status and Scale Forecast of China's PCB Industry Market in 2019
2019 09/19
