PCB industry welcomes new opportunities: demand for high-frequency and high-speed boards surges, and domestic substitution accelerates.

Recently, the PCB industry has shown two significant trends: the rapid development of 5G communications and artificial intelligence has driven a surge in demand for high-frequency and high-speed boards, while domestic manufacturers' technological breakthroughs in the field of high-end PCBs have accelerated the process of domestic substitution.

Demand side: Explosive growth of 5G base station construction and AI servers

As the global 5G network construction enters the fast lane, the demand for high-frequency PCBs from 5G base stations continues to rise. According to industry data, the value of PCBs for a single 5G macro base station is more than three times that of a 4G base station. At the same time, the popularization of artificial intelligence applications has driven a boom in data center construction, and the demand for high-speed PCBs from AI servers has exploded. It is estimated that by 2025, the global high-frequency and high-speed PCB market will exceed US$20 billion.

Supply side: Domestic manufacturers break through technical bottlenecks, and the localization rate of high-end PCBs increases

For a long time, the high-end PCB market has been dominated by manufacturers such as Japan and South Korea. In recent years, domestic PCB companies represented by Shenzhen South Circuit and Shanghai Electric have continued to increase their R&D investment and have made breakthrough progress in high-end fields such as high-frequency and high-speed boards and IC substrates. Domestic manufacturers are accelerating their market share by relying on cost advantages and service response speed. According to statistics, in the first half of 2023, the revenue of domestic PCB listed companies increased by more than 15% year-on-year, and the net profit growth rate reached more than 20%.

Future Outlook: Technological innovation and green manufacturing are equally important

Looking to the future, the PCB industry will develop in the direction of higher density, higher speed and higher reliability. At the same time, with increasingly stringent environmental protection requirements, green manufacturing will also become a key factor in the competition of PCB companies. Domestic PCB companies need to continue to increase R&D investment, improve their technical level, and actively deploy green manufacturing in order to be invincible in the fierce market competition.

Conclusion:

The PCB industry is in a stage of rapid development, with opportunities and challenges coexisting. Domestic PCB companies need to seize market opportunities and continuously improve their technical level in order to stand out in the fierce market competition and achieve high-quality development.