source:Industry News release time:2022-06-15 Article author:yu Popular:pcb
(1) Rapid start stage (1980-1990): From 1980 to 1990, the PCB industry entered a rapid start stage. During this period, downstream demand such as household appliances grew rapidly, driving the CAGR of the PCB industry to as high as 15.9%, and the industry maintained a high level of profit.
(2) Period of continuous growth (1991 to 2000): From 1991 to 2000, the PCB industry entered a stage of continuous growth. Due to the rapid growth and high profits of the industry in the previous period, there have been a large number of new competitors entering the industry in this period. However, as integrated circuits gradually enter the field of civilian electronics, downstream electronic information industries such as personal computers and the Internet are still in a stage of vigorous development. , PCB companies can still obtain higher profit levels. CAGR eased to 7.1%.
(3) Fluctuating period (2001-2010): From 2001 to 2010, the PCB industry entered a period of fluctuation. At this stage, the production capacity of PCB companies in Europe and the United States and other countries has been transferred to Asia. The number of companies has increased, competition has intensified, prices have fallen, and the profit margins of low-end and mid-end products have been compressed. Enterprises in the industry generally maintain profit levels by improving management capabilities and reducing costs. From 2008H2 to 2009, affected by the global financial crisis, the decline in demand for downstream electronic products led to weak demand for PCBs, a decline in product unit prices, and a reduction in the overall profit margin of the industry. However, benefiting from the popularity of mobile phones and notebook computers, the industry as a whole still maintained a certain growth, with a CAGR of 2.1%.
(4) Stable development period (2011 to present): Since 2011, the PCB industry has entered a period of stable development. With the popularization of smartphones, large-scale construction of 4G/5G base stations, wearables, high-performance computing, artificial intelligence, IDC, virtual currency, automotive electronics and other industries booming, related products are developing in the direction of thinness, multi-function and high performance , the trend of high-end PCB products is obvious, and high-tech PCB products will gain greater market share and profit returns; at the same time, the profits of low-end PCB manufacturers will be further compressed and increasingly face marginalization or even elimination The risk of industry consolidation will further intensify.
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