China's PCB assembly market exhibits a diverse characteristic, with different types of PCB products occupying various shares of the market. According to Prismark data, in 2021, multi-layer boards within rigid boards held the largest market share at 38.37%, followed by substrate packaging boards at 17.81%. This distribution reflects the rapid development in high-end PCB products in China.

With technological advancements, Chinese PCB manufacturers such as Shennan Circuit, Huadian Shares, and Shengyi Electronics have achieved significant breakthroughs, including the capability to produce up to 40 layers. Notably, Shennan Circuit has adopted advanced processes like mixed material pressing for backplane samples, achieving up to 120 layers in prototypes and 68 layers in mass production, positioning itself as an industry leader.

Competitive Advantages of Key Players

The Chinese PCB assembly market is highly competitive, with numerous companies vying for leadership in technological innovation, production scale, and market share. Here are some of the leading players and their characteristics:

• Pengding Holding: One of the world’s largest PCB manufacturers, particularly strong in HDI boards and substrate packaging.

• Shennan Circuit: A domestic leader in PCB manufacturing, excelling in multi-layer boards and backplane technology.

• Jingwang Electronics: Unique in its ability to produce rigid, flexible, and metal-based circuit boards simultaneously.

• AT&S (China): Specializes in high-end printed circuit boards and semiconductor packaging substrates, renowned for high-density micro-hole PCBs.

These companies enhance their competitiveness through continuous technological innovation and R&D investments, laying the groundwork for future growth in the high-end PCB market.

Regional Layout and Development Trends

The regional distribution of China's PCB assembly market shows a clear concentration trend, primarily centered around the Pearl River Delta, Yangtze River Delta, and Bohai Rim economic zones. This layout highlights the overall characteristics of China's electronic manufacturing industry and its reliance on upstream and downstream industry support.

• Pearl River Delta: Known for its comprehensive electronic industry ecosystem and proximity to consumer electronics markets, it holds approximately 40% of the market share.

• Yangtze River Delta: Leads in high-end PCB products due to its strong talent pool and advanced manufacturing technologies, holding about 30% of the market.

• Bohai Rim Region: Benefits from robust research capabilities and policy support, focusing on high-end products like substrate packaging boards, accounting for about 20% of the market.

Application Areas and Future Prospects

PCBs find applications across multiple sectors, including communication equipment, consumer electronics, automotive electronics, industrial control, and medical devices. With the rapid development of emerging technologies such as 5G, AI, and IoT, the demand for high-performance PCBs like HDI boards and flexible boards is expected to grow, especially in meeting the needs of consumer electronics and automotive electronics.

Looking ahead, the Chinese PCB assembly industry is moving towards higher-end and more refined directions. Particularly in areas like autonomous driving and connected vehicles, high-performance and high-reliability PCBs will be critical in advancing automotive electronics technology. Additionally, the industrial control sector's growing demand for high-performance and reliable PCBs further drives the entire industry towards premiumization.

In conclusion, China's PCB assembly market is experiencing rapid growth, fueled by technological breakthroughs, increasing market demand, and supportive government policies. The future outlook is promising, with major players poised to seize opportunities by increasing R&D investments and enhancing product quality and production efficiency to maintain a competitive edge in this dynamic market.