The main competitive landscape of PCB

On the whole, the current pattern of the PCB industry is relatively scattered. There are two main reasons for this phenomenon. On the one hand, the downstream application fields of printed circuit boards are extensive and diverse, and the products are highly customized. On the other hand, there are great differences in the production processes and machinery and equipment required for PCB products of different types and application fields, and it is difficult to produce across types."

1.Industry accelerates consolidation

Market share gradually concentrated to leading companies

In recent years, with the rapid development of the economy, the competition pattern of the industry has undergone new changes, and the market share has gradually concentrated to the leading enterprises. With the increase of labor force in coastal areas, the labor cost that PCB companies need to invest is increasing. In addition, the country's environmental protection requirements for industrial companies are also increasing. PCB companies need to invest more manpower, material resources and financial resources to run smoothly. Significantly increase the operating costs of enterprises, so enterprises with weak technology research and development, product innovation and cost control capabilities may be gradually eliminated in the future competition. Small and medium-sized PCB enterprises will face greater pressure to exit, and industry integration will accelerate.

At the same time, with the accelerated development of the electronic information industry, the upgrading of downstream products has also reversed the upgrading of PCB products, consumer electronics products are becoming lighter and thinner, and customers have increased the demand for HDI products, forcing manufacturers to support high-density laminates of HDI products. This requires PCB manufacturers to have strong capital and technology research and development strength, as well as the ability to organize large-scale production and unified supply chain management, and be able to continuously meet the needs of large downstream brand customers for supplier technology research and development, quality control and large-scale timely supply. strict requirements.

2.Domestic manufacturers continue to rise

Although the PCB industry is accelerating its transfer to China from a global perspective, and mainland China has become the core area of the industry, from the perspective of manufacturer share, the proportion of domestic manufacturers is not large. Taking the automotive PCB industry as an example, Taiwan-funded manufacturers currently occupy a major share of the automotive PCB supply market. In 2018, Taiwan's supply share accounted for 29%, while the domestic-funded manufacturers accounted for only 10%.

For the HDI industry, the global HDI manufacturing location and the distribution of the country of origin do not match. According to public data, Hong Kong and mainland China are classified according to the origin of the manufacturing location. Only 17%, the HDI industry layout of domestic manufacturers needs to be improved urgently, which is both a challenge and an opportunity for domestic manufacturers.

In the next few years, with the localization of automotive electronics and consumer electronics products becoming thinner and lighter, domestic manufacturers will continue to speed up the R&D and investment of HDI products, and increase investment planning.

3.Excellent PCB companies are listed one after anotherBecome bigger and stronger through the capital market platformIn the third quarter of 2020-2021, the listing process of enterprises in the PCB industry has accelerated. Aohong Electronics, Xiehe Electronics, Sihui Fushi, Kexiang Electronics, Benchuan Intelligence, Zhongfu Circuit, Jinbaize, Mankun Technology, Jinlu Electronics and other excellent PCBs Enterprises have started listing applications one after another, making full use of the capital market platform to accelerate industrial development.