Explain in detail why the circuit board MARKet is so big

In today's time, electronIC products are increasingly occupying an indispensable part of our lives, from airplanes to earphones; In these electronic products, the circuit board is the most important item, which can also be said to be the lifeblood of all electronic products. It is like the channels in the human body to transmit information for electronic products.

Why is the circuit board market so large? Let's learn about it; PCB began in 1936. In 1943, the United States used this technology in a large number of military products, and in 1948, it was used for commercial purposes. Since the mid 1950s, PCB technology has been widely adopted. At present, the application of PCB has gone deep into computer, communication, Automotive electronics, consumer electronics, Medical Equipment, industrial control, aerOSPace and other electronic systems. The manufacturing quality of PCB not only directly affects the reliability of electronic products, but also affects the overall competitiveness of system products. The development level of PCB industry can reflect the 

development speed and technical level of a country or region's electronic information industry to a certain extent.

Throughout the history of PCB development, the global PCB industry has experienced changes from "Europe and America LED" to "Asia led" since the 1950s. At first, it was dominated by Europe and the United States. Later, Japan joined the leading ranks, forming a pattern of joint leadership by the United States, Europe and Japan. In the 21st century, due to the gradual development of the downstream electronic complete machine industry and relatively low labor costs, Asia has attracted more and more investment from PCB manufacturers. A large number of European and American PCB industries have moved out, and the focus of the global PCB industry has constantly shifted to Asia, gradually forming a new pattern with Asia (especially the Chinese Mainland) as the center and other regions as the auxiliary. According to the statistics of the World Council of Electronic Circuits, from 2000 to 2013, the proportion of PCB output value of the Americas, Europe and Japan in the world continued to decline, from 26% in 2000 to 5.12% in 2014, from 16% in 2000 to 4.46% in 2014 in Europe, and from 29% in 2000 to 9.96% in 2014 in Japan. At the same time, the output value of PCB industry in other regions of Asia (except Japan) has increased rapidly, with the proportion of Chinese Mainland rising from about 9.83% in 2000 to 44.93% in 2014, which is the center of global PCB industry transfer.

PCB products are widely used. Due to the diversification of the industry, the periodicity of the PCB industry is not affected by a single industry, but mainly changes with the macroeconomic fluctuations and the overall development of the electronic information industry. From the perspective of the international market, according to the research, the business cycle of the global PCB market is more consistent with that of the electronic products and semiconductor markets. In the past two deCADes, the PCB industry has experienced two major fluctuations: from 2000 to 2002, due to the impact of the bursting of the Internet foam, the PCB industry experienced a trough; From 2002 to 2008, it entered the stage of continuous growth; In 2009, due to the impact of the financial crisis, it entered a low point again, and in 2010, it resumed rapid growth. It is expected that the global PCB market will grow in the next few years.

From the domestic market, due to the transfer of the global PCB industry to China, the growth rate of China's PCB market is significantly higher than the global overall level, and less than the global overall market due to the impact of the global economy and electronic product market fluctuations. From 2000 to 2008, China's PCB industry was in a state of continuous growth; In 2009, the output value declined due to the financial crisis; Growth resumed in 2010. Up to now, China's PCB will continue to grow at a rate higher than the global overall level and become one of the main forces driving the development of the global PCB industry. So the circuit board market is huge.

PCB manufacturers, PCB designers and PCBA manufacturers will explain why the PCB market is so large.