The PCB industry is the largest segment in the global electronic components sector. In 2022, the total global PCB output value was $81.74 billion;
By 2023, due to multiple factors such as weak demand, oversupply, inventory adjustments, and price pressures, various sub-markets in the industry experienced varying degrees of decline, with the global output value dropping to $69.52 billion, a year-on-year decrease of 15%. In 2024, driven by strong demand from AI servers and related high-speed network infrastructure, as well as a gradual recovery in the smartphone market, the global PCB output value is expected to reach $73.57 billion, a year-on-year increase of 5.8%.
Looking ahead, driven by trends such as low carbon and intelligence, downstream application industries of PCBs, including 5G communication, cloud computing, smartphones, smart vehicles, and new energy vehicles, are expected to flourish, thereby continuously driving the growth of PCB demand.
According to Prismark’s forecast, the global PCB market will maintain stable growth over the next five years, with a compound annual growth rate of 5.2% expected from 2024 to 2029, and the global PCB market size is expected to reach $94.66 billion by 2029.
Based on this, we have selected 8 quality companies for your reference!
1. Shenghong TechnologyReason for interest:AI computing power + advanced HDI + semi-annual report growth + humanoid robotsPCB:Shenghong Technology specializes in the R&D, production, and sales of high-precision HDI PCBs, with products widely used in computers, aerospace, automotive electronics, communications, consumer electronics, industrial control, and medical instruments, establishing long-term stable partnerships with over 160 top global companies.2. Founder TechnologyReason for interest:AI servers + PCBs + state-owned enterprise reformPCB:The company’s main business is the production and sales of PCB products. The main products include HDI, multilayer boards, rigid-flex boards, and other customized PCBs.3. Dongshan PrecisionReason for interest:semi-annual report growth + high-end PCBs + optical communication + humanoid robotsPCB:The company completed the acquisition of the PCB manufacturing business related to NASDAQ-listed FLEX in cash,the target company mainly engages in the design, production, and sales of PCB products, possessing strong technical capabilities and a high market position, with products primarily used in communication equipment, enterprise servers, consumer electronics, and automotive industries, serving several internationally renowned companies with good customer resources.
4. Tiantong Co., Ltd.Reason for interest: piezoelectric crystals + lithium niobate crystals + AI servers + domestic substitutionPCB: The company’s subsidiary, Tiantong Precision Electronics, provides PCB services to customers. Tiantong Precision Electronics leverages the industrial advantages of its parent company to extend the industrial chain to electronic components and complete machine manufacturing, and has accumulated new advantages in product R&D, core processes, and advanced equipment digital high-end manufacturing, providing integrated electronic manufacturing service solutions including design, manufacturing, procurement, and logistics management for globally renowned electronic industry brand customers.5. Shiyun CircuitReason for interest: AI glasses + humanoid robots + PCBs + semi-annual report growthPCB:The company’s main business is the R&D, production, and sales of various printed circuit boards (PCBs). Currently, the company’s products include single-sided boards, double-sided boards, and multilayer boards, widely used in computers and peripheral devices, consumer electronics, automotive electronics, industrial control, and medical equipment.After years of development, Shiyun Circuit has become one of the advanced enterprises in China’s PCB industry, with strong competitiveness in both domestic and international markets.6. Guanghua TechnologyReason for interest:solid-state batteries + PCB chemicals + mid-term report growth + private backgroundPCB: Guanghua Technology has been deeply involved in the industry for nearly 40 years, providing comprehensive PCB wet process service solutions, including TONESET PCB solutions, JHD metal compounds, and supporting service solutions. Guanghua Technology’s wholly-owned subsidiary, Dongshuo Technology, is a national high-tech enterprise specializing in the R&D, production, sales, and service of PCB electronic chemicals, and is a well-known PCB specialty chemical service provider in China.7. Songjing Co., Ltd.Reason for interest: solid-state batteries + PCB inks + automotive coatings + consumer electronicsPCB:The company’s ink products related to integrated circuit chips mainly include PCB solder mask inks and PCB character inks. Currently, these products are breaking the existing competitive landscape in the industry and beginning to enter the supplier system of leading industry customers.8. Shengyi ElectronicsReason for interest: AI servers + PCB manufacturing + $1.9 billion expansion + semi-annual dividendPCB:Shengyi Electronics Co., Ltd.’s main business is the design, production, and sales of printed circuit boards. The company’s main products are single-sided boards, double-sided boards, and multilayer boards.Disclaimer: This article is an analysis based on publicly available information, aimed at providing a research perspective and does not represent any investment advice. Investors should make independent and prudent decisions based on actual market conditions and bear their own investment risks.