According to Taipei Printed Circuit Association (TPCA), Taiwan’s PCB industry has temporarily led the global market with a 33.9% market share, but competition from South Korea and Japan, especially from China, remains fierce.
In fact, the Chinese PCB industry comes closely behind that of Taiwan, with a global market share of 28.4%. Despite setbacks at the height of the pandemic in early 2020, China’s PCB industry regained its strength, boosted by the growing applications of 5G and laptops. China’s policy support for 5G has also driven its main PCB manufacturers to expand their capacities, such as Shenzhen Kinwong Electronic Co. and Shennan Circuit Company.
HDI and standard PCBs have accounted for 72.3% of China’s production, followed by flexible PCBS (FPCBs) at 24.4%. Apart from capacity expansion, analysis also shows that Chinese PCB makers have been catching up with their competitors in advanced manufacturing, spending 4-6% of their revenues in the first half of 2020 on R&D.
TPCA indicates that Taiwan can maintain its technological lead for 3-5 years, and advised the Taiwanese government to set up a global hub of advanced PCB fabrication and pursue autonomy in the supply of PCB materials.