According to the PCB factory, the PCB industry is expected to grow at a growth rate of 8.6% in 2021, and will grow at a compound annual growth rate of 5.8% between 2020 and 2025. By 2025, the global PCB industry output value will reach 86.33 billion US dollars.

  With the continuous development of science and technology, new technologies and new applications such as 5G communication, cloud computing, big data, artificial intelligence, Internet of Things, and electric vehicles continue to emerge, and the demand for PCBs is also increasing. It is worth noting that although China is a big manufacturing country and there are many PCB companies, the product homogeneity is relatively serious, and it is excessively concentrated on low-end PCBs with cost advantages, including traditional single-layer boards and multi-layer boards; The proportion of high-end PCBs is still relatively low, especially in packaging substrates, high-end HDI boards, and multi-layer boards.

At present, the market demand for high-end PCB boards has exploded rapidly, but the output of production capacity has increased slowly, resulting in a large gap between market demand and supply. With the continuous improvement and gradual optimization of the manufacturing technology of Chinese PCB factories, the market share of traditional single- and double-sided PCBs and multi-layer PCBs has gradually declined, and the market share of high-tech, high-value-added PCB boards has continued to rise. In the face of continuous iteration and update of market demand, many PCB factories have begun to enter the high-end PCB field with higher technical thresholds and greater capital investment. Although some technologies or production capacity are lagging behind, the market competition in the PCB industry is still fierce.