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Thailand is vying to become the new PCB cluster within ASEAN
China is currently the world's largest PCB manufacturer, accounting for over 50% of global production. Taiwan and South Korea follow as the next largest producers. There is a noticeable decline in PCB production in China, attributed to the geopolitical conflict with the United States.
The PCB industry is vital for the modern economy as it serves as the basic and core component of all electronic devices, including semiconductors. PCBs connect the functions of various components, power grids, and internal circuits of almost all types of electronic devices, especially high-tech products such as electric vehicles, automated robotics, artificial intelligence technology, and 5G technology, which require more complex PCBs than general electronic products.
Overview of the world’s Printed Circuit Board PCB industry
In the past few years, the global PCB industry has faced challenges due to weaker global demand, semiconductor manufacturing supply chain disruptions, and lockdown measures during the COVID-19 pandemic. These factors have led to excess inventory in the system and impacted freight shipments.
However, SCB EIC predicts that the industry will recover this year, driven by increasing demand for PCB components in innovative product segments such as electric vehicle production and AI server supply chains. According to the Taiwan Circuit Board Association, the global PCB industry is expected to grow by 6.3% YOY this year, following a 15.6% contraction last year. It is projected to achieve an average annual growth of 4-5% over the next 3-5 years.
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