Major listed companies in the industry: Pengding Holdings (002938); Dongshan Precision (002384); Shennan Circuit (002916); Shanghai Electric Power Co., Ltd. (002463); Jingwang Electronics (603228); Founder Technology (600601); Shenghong Technology (300476); Ultrasonic Electronics (000823), etc

The global printed circuit board (PCB) industry is a rapidly developing high-tech industry that plays a crucial role in modern electronic equipment manufacturing. PCB is a basic material used to connect and support electronic components. It achieves signal transmission and power supply between electronic components by printing conductive circuits on an insulating substrate.

The global PCB industry has experienced rapid growth and technological innovation in the past few decades, mainly benefiting from the prosperity of consumer electronics and the widespread adoption of devices such as smartphones, computers, and televisions. With the advancement of technology and the continuous upgrading of electronic devices, the PCB industry is also constantly promoting innovation to meet higher performance requirements and smaller size limitations.

The competition in the global PCB industry is fierce, mainly concentrated in Asia, especially in countries such as China, Japan, and South Korea. These countries have advanced manufacturing technology and mature supply chain systems, which can efficiently meet the needs of customers around the world. At the same time, the global PCB industry is also facing some challenges, such as pressure from environmental protection, raw material supply, and labor costs.

——Global market participants are highly competitive

In terms of concentration, in 2021, the global printed circuit board (PCB) industry's CR3 concentration exceeded 15%, CR5 concentration was about 25%, and CR10 concentration was close to 40%. Overall, the overall concentration of the global PCB market is relatively low, with a large number of enterprises in the market and intense competition, and the head scale effect is not significant.

——Patent application trend: China's patent acquisition volume surpassed that of the United States in 2020

From a trend perspective, from 2013 to 2019, the number of printed circuit board patents in the United States has always been leading. In 2020, the number of patents in China exceeded that of the United States, but the total number still lags behind the United States. In 2020, China obtained a total of 22211 patents, while the United States obtained 16790 patents.

Statistical explanation: ① Calculate the deduplication rules for displaying one public text per application, and select the latest text on the day of publication for calculation. ② According to the country of patent priority, if there is no priority, the calculation will be based on the country of the receiving office. If there are multip

——Patent market value: The total value exceeds 77.7 billion US dollars, with a large number of patents below 30000 US dollars

At present, the total value of patents in the global printed circuit board industry is approximately 77.785 billion US dollars. Among them, the number of patent applications for printed circuit boards below 30000 US dollars is the highest, with 126000; Secondly, there are printed circuit board patents worth 30000 to 300000 US dollars, with a total of 101000 patent applications.

——Top 10 patent applicants with the highest market value: Apple has the highest patent value

The top 10 patents with the highest market value in the global printed circuit board market are all worth over 15 million US dollars, and more than half of them are held by Apple. Among them, Apple's patent TWI542231B (diameter/Extensible Markup Language (XML) protocol conversion technology) has the highest value, approximately 15.57 million US dollars.

Note: The most valuable patents refer to the simple families with the highest patent value in the technical field. The current statistical caliber is based on the deduplication rule of one patent representative in each simple family, and any patent with patent value in the same family is selected for display.

——There are four major development trends in the global market

Prismark predicts that in the next five years, Asia will continue to dominate the development of the global PCB market, while China holds an unshakable central position in the Asian market. With the trend of PCB companies becoming larger and more concentrated, large PCB companies that have established their leading advantages earlier will gain significant advantages in future global market competition.

In terms of product types, the PCB industry is the industry with the largest proportion of output value in the global electronic component segmentation industry. With the deepening of research and development and continuous technological upgrading, PCB products are gradually developing towards high-density, small aperture, large capacity, and lightweight.

In terms of downstream application fields, in the context of the current global economic recovery, the demand for the communication electronics industry is relatively stable, and hot topics in the consumer electronics industry are frequent. At the same time, new demand in downstream markets such as automotive electronics and medical devices is starting to erupt.

——There is still room for growth in the global PCB market in the future

With the continuous improvement of living standards and consumption levels, end consumers are paying more attention to the user experience and high-tech content of electronic products. Electronic product updates are accelerating, and the continuous development and rapid transformation of new technologies, materials, and designs provide a vast downstream demand space for the printed circuit board industry.

And in the future, with the emerging demand in downstream fields such as automotive electronics, wearable devices, industrial control, and medical devices, the PCB industry will usher in new growth points. Therefore, according to the growth rate, it is expected that the global printed circuit board market size will grow to $78 billion by 2026.