In 2022, the growth momentum of the global PCB industry weakened due to the pressure on the shipment of consumer end products.

Looking forward to 2023, due to the overall macroeconomic poor and the impact of high inflation on the demand for consumer end products, the overall PCB market is expected to remain sluggish, but with the vigorous development of emerging fields such as downstream communications, automotive, cloud computing, Internet of Things, smart home, artificial intelligence, wearable devices, and the recovery of economic and downstream consumer demand, it is expected that the industry boom is expected to recover from the end of 2023 to 2024.


Unit: Million USD

The following are the industrial development trends of the four major product areas of PCB:

           (1) Communication electronics industry 

The downstream communication electronics market of PCBs mainly includes product categories such as mobile phones, base stations, routers and switches. Affected by the weaker-than-expected economic recovery and high inflation in Europe and the United States, shipments of the communication electronics market, mainly mobile phones, will decline significantly in 2022, and are expected to recover from the end of 2023.

However, affected by the development of 5G, communication facilities such as base stations have maintained a certain growth. Prismark estimates that the global production value of communications electronics products in 2022 will be $628 billion, a slight decline of 0.5% from 2021, and is expected to grow at a compound growth rate of 3.4% from 2022 to 2027, with a market size of $743 billion in 2027.


Unit: Billion USD 

According to Prismark's estimates, the output value of communication electronics-related PCBs will reach $26.455 billion in 2022, an increase of 3.5% over 2021, and a compound growth rate of 4.0% from 2022 to 2027, and the output value of related PCBs will reach $32.131 billion in 2027.

(2) Consumer electronics industry

         With the gradual weakening of the influence of the home economy, the demand for consumer electronic products based on tablet computers and PC computers has gradually weakened, entering the era of destocking, and directly impacting the growth of the consumer electronics PCB industry. Prismark estimates that global consumer electronics product production will be $337 billion in 2022, down 7.9% from 2021, and is expected to grow at a compound annual growth rate of 3.4% from 2022 to 2027, reaching $398 billion in 2027.

        
         Unit: Billion USD

According to Prismark's estimates, the output value of consumer electronics-related PCBs will reach $11.381 billion in 2022, down 4.0% from 2021, and the compound growth rate from 2022 to 2027 will be 3.1%, and the output value of related PCBs will reach $13.256 billion in 2027.

（3）  Automotive electronics

           With the continuous breakthrough of energy revolution and new materials and new generation information technology, automotive products have accelerated the development of electrification, lightweight, intelligence and networking, transforming from transportation to large-scale mobile intelligent terminals. As the global automotive industry enters the era of intelligence and electrification from electronics, the output value of electronic products in the automotive industry continues to rise. Under the wave of intelligence with the rapid development of automotive electronics applications such as ADAS and sensors, automotive PCBs, as an important base support for various automotive electronics applications, will maintain a growth trend with the development of the automotive electronics market.

Prismark estimates that the global automotive electronics market will grow 5% from 2021 to $252 billion in 2022, and is expected to reach $322 billion in 2027, growing at a CAGR of 5.0% from 2022 to 2027.

               
             Unit: Billion USD

         According to Prismark's estimates, the automotive-related PCB market will reach $9.4 billion in 2022, an increase of 7.7% from 2021, a compound growth rate of 5.7% from 2022 to 2027, and the output value of related PCBs will reach $12.381 billion in 2027.

       
            (4) Server Industry 

            In recent years, the digital economy has become the main driving force of global economic development, and the scale of the digital economy has steadily increased as a proportion of GDP. With the exponential growth of global data traffic and the acceleration of global information construction, servers, as the most important computing power infrastructure, have seen significant growth in shipments and market size worldwide.

     PCB is a key component that carries server operation, and the significant growth of server shipments has also made the server PCB market scale expand rapidly, becoming the downstream segment with the fastest compound growth rate in the PCB market. Prismark estimates that the global server and storage market size will be $210 billion in 2022 and is expected to reach $300 billion by 2027, growing at a compound growth rate of 7.4%.

According to Prismark's estimates, the output value of server and storage-related PCBs will reach $9.868 billion in 2022, an increase of 26.4% over the previous year, and the compound growth rate from 2022 to 2027 will be 7.6%, and the output value of related PCBs will reach $14.201 billion in 2027.

READA PCB TECHNOLOGY CO.,LTD is a technology Company founded in 2007 and specializes in producing Double layer, Multilayer up to 32 layers PCBs, HDI, Flex-rigid PCBs, Aluminum based printed circuit boards(PCB).