Printed Circuit Board (PCB) is the electrical connection of electronic components. It is used in all but the simplest electronic products and some electrical products. The gross global production value of PCB industry accounts for more than one-quarter of the total output value of the electronic components industry, up to 60 billion US dollars. Due to the huge demand of China domestic market, along with the low labor costs and perfect industrial matching, global PCB production center has been gradually transferred to China since 2000. And in 2006, China has surpassed Japan and become the world’s largest PCB producer.
On the report of the National Bureau of Statistics, the latest China Manufacturing Purchasing Managers’ Index (PMI) of China as the world’s second-largest economy has hovered between 50.1 and 51.7 index points during 2014, which indicates a positive situation in manufacturing growth. While the PCB industry has a long history in China and has gone through a number of cycles. From the rapid start in 1980-1990 (CAGR = 15.9%), to the sustained growth in 1991-2000 (CAGR = 7.1%), and to the great fluctuations in 2001-2010 (CAGR = 2.1%). Until now it starts a stable growth period in 2011. It is expected that the global PCB will maintain a compound growth rate of 3.2% in 2017-2022. In general, the Chinese manufacturing industry continued to expand at a slower speed and development of the electronic components industry is still on the rise.