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Report Overview

The China printed circuit board (PCB) market was valued at USD 43.22 Billion in 2024. The industry is expected to grow at a CAGR of 2.90% during the forecast period of 2025-2034. The expanding consumer electronics industry has mainly driven the market in the country. The industry creates a broad demand for advanced electronic devices, including smartphones, tablets, and wearables, hence, increasing the demand for flexible PCBs. Manufacturers are thus spending extensively on research and development to keep pace with these changing technological demands. In turn, all these factors have resulted in the market attaining a valuation of USD 57.52 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The printed circuit board market in China is currently growing huge in size indicating the country’s dominant position in the global PCB value chain. Companies considering entry-level operations or expansion activities in this business field introduce innovative solutions that can cater to the electronics industry with cost-effective intervention for scalability and competitive edge.
  • Exports of China gave increased by 11.2% year-on-year in yuan terms and 12.7% in dollar terms, marking the largest expansion since March 2023. This figure indicates that the country is becoming increasingly self-sufficient and competitive when it comes to PCB production. Companies can expand their market shares with possible export markets and understand the innovate their supply chain strategies to decrease import dependency.
  • A recent report states that China’s share in the global printed circuit board market has raised up to 54%. This enormous competitiveness gives a huge scope for new entrants while existing firms can come up with new ideas by innovating technology, improving quality levels, or forming strategic alliances to thrive within the marketplace.

China Printed Circuit Board Market Overview

The China printed circuit board market accounts more than half of the world's production. PCBs are mostly regarded as the proverbial backbone of electronics manufacture. The market value in the country has achieved notable heights in recent years, owing to the rapidly expanding consumer electronics, automotive, and telecommunications industries, as well as through harnessing the extensive supply chain, productive manufacturing prowess, and competitive cost structures. The market enjoys a huge demand for high-end PCB technologies such as high-density interconnect boards and flexible PCBs as these are crucial components in smaller and more versatile devices which require application-specific integrated circuits. To expand further, market players are increasingly introducing innovations in automotive-grade PCBs for better battery management systems and advanced driver-assistance systems (ADAS).

Sustainability is increasingly turning out to be a priority with manufacturers now adopting some ecofriendly manufacturing techniques, in line with the directives of strict environmental regulations. Leading China printed circuit board market players, including Zhen Ding Technology, Avary Holding, JLCPCB, and Wus Printed Circuit, are enhancing their market shares through R&D advancement and strong production capacity.

China Printed Circuit Board Market Growth

The booming electric and smart vehicle technologies in China have positively impacted in the growth of printed circuit board market. Automotive PCBs play an essential role in core functions such as battery management, advanced sensors, and advanced driver assistance systems (ADAS). With China leading the global race in the electric vehicles market, manufacturers are focusing on high-reliable, heat-resistant boards specific to automotive applications. The increasing demands for safety and durability from this sector push companies towards more innovative materials and progressive manufacturing techniques into the process.

5G infrastructures and telecommunications are another niche driving the China printed circuit board revenue with a high demand for high-frequency and high-speed PCBs. These fine-tailored boards find application in base stations and antennas alongside network equipment to serve for high-speed data transfer and better connectivity. Particularly, most of the China PCB manufacturers have heavily invested in advanced technologies for their manufacturing facilities to meet the testing performance level mandated by 5G technology. Further, government-led measures aimed at hastening the roll out of 5G infrastructure have also spurred innovations.

Key Trends and Recent Developments

China Printed Circuit Board Market Opportunities

Environmental sustainability raises a significant opportunity in the printed circuit board market in China. The economy is likely to be impacted through stricter environmental regulations and rising global demand for eco-friendly products. This can lead to further leveraging in green production, such as recyclable materials and energy-efficient processes, by manufacturers. Growing investments in sustainable innovations not only reduces the ecological footprint but also attracts environmentally concerned clients to give companies a competitive advantage. The global trend of green electronics will further cement the long-term potential of the China PCB market.

The China flexible printed circuit board market also present significant opportunities for growth. The most relevant FPCB devices are wearable devices, foldable smartphones, and high-tech medical devices. They fulfill most industries' requirements for high durability and adaptability to nonstandard shapes in various layouts and lightness. Thus, small and light products may serve industries that are rapidly shifting towards flexible manufacturing. PCB manufacturers can further strengthen their value propositions through investment in advanced manufacturing technology in flexible PCB to capture global demand and partner with leading tech innovators.

China Printed Circuit Board Market Trends

The country’s booming market for electric vehicles (EVs) creates significant stimulus for the China printed circuit board industry. PCBs are essential for battery management, power distribution, and advanced driver-assistance systems (ADAS) in EVs. In fact, since China is already leading the world towards embracing EVs, manufacturers are ramping up their production of reliably heat-resistant PCBs. Government investments that favor EV manufacturing and encourage to develop intelligent transportation are further driving this market forward. Thus, automotive PCB represents an important growth segment driving the printed circuit board demand.

The rapidity with which China has spread its network of 5G has propelled the PCB market upwards. High-frequency PCB modules are vital components in 5G base stations, antennas, and the communication equipment itself. Government programs designed to make 5G ubiquitous consequently yield ample prospects for PCB manufacturers. Investments in high-speed, high-performance circuit boards to run faster connectivity and data transfer continue fueling the China printed circuit board market growth towards becoming a global leader.

China Printed Circuit Board Market Restraints

  • Continuous price fluctuations of primary raw materials such as copper and substrates have a substantial effect on production costs. Raw material supplies along with dependency on imports strain profit margins, posing a significant threat to the China printed circuit board market growth.
  • China has adopted rigid measures with respect to environment protection policy regulations for pollution control. In order to come at par with these legal mandates, the industry would require significant investments on production processes, hindering market growth.
  • The printed circuit board market in China is very competitive as it has a plethora of local and foreign players. Such a scenario compels the manufacturers to reduce the price of their product while maintaining quality resulting in very limited chances of profit making.

China Printed Circuit Board Industry Segmentation

The EMR’s report titled “China Printed Circuit Board Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Raw Material

  • Epoxy Resin
  • Glass Fabric
  • Phenolic Resin
  • Kraft Paper
  • Others

Market Breakup by Substrate

  • Standard Multilayer
  • Flexible Circuits
  • High Density Interconnect (HDI)
  • Integrated Circuits (ICs)
  • Rigid 1-2 Sided
  • Rigid Flex

Market Breakup by Application

  • Communications
  • Consumer Electronics
  • Industrial Electronics
  • Automotive
  • Military
  • Others

Market Breakup by Region

  • Southwestern China
  • Northwestern China
  • Southcentral China
  • North China
  • East China
  • Northeast China

China Printed Circuit Board Market Share

Market Insights by Raw Materials

Epoxy resin plays a critical role in automotive and telecommunication PCBs high performance needs. Owing to its strong bond, thermal resistance, and electrical insulation properties, it is widely accepted, boosting the China printed circuit board market. Further, glass fabric are expected to continue to play an important role in production as demand for durable, high-performance boards increases, particularly in automotive and 5G applications. Phenolic resin provides excellent resistance to moisture and low cost, making it very suitable for a low-cost mass-production PCB which are required for application in consumer electronics industry. Kraft paper is one of the building blocks of PCB laminates for its structure and insulating properties. Moreover, low-cost production, availability, and feasibility are some prominent of its features.

Market Analysis by Substrate

The increasing demand for compact high-performing electronics in consumer products and telecommunications has driven the use of standard multilayer boards in the market. The emergence of wearable devices and flexible electronics has triggered growing interest in flexible circuits making available their versatility and space efficiency in a variety of applications. High Density Interconnect (HDI) is a major substrate boosting the growth of China printed circuit board market. The demand is due to the increased emphasis on miniaturized, high-performance electronics in smartphones, IOTs, and 5G technology. Furthermore, highly reliable ICs are in demand because of the expansion of AI, automotive, and 5G industries in China. A high demand for cost-effective and reliable circuit boards are found in mass-market electronics, from home appliances to consumer gadgets. Growth in compact electronic devices such as foldable smartphones and automotive electronics increases the requirement for rigid-flex substrates, offering both flexibility and structure.

Insights by Application

As per the China printed circuit board market analysis, the continued innovation in smartphones, wearables, and even home appliances drives the need for advanced PCBs in the consumer electronics. With the emergence of automation and smart manufacturing in China, there is also growth in demand for durable, high-reliable PCBs in industrial electronics applications. Moreover, the advancement of electric vehicles (EVs) and advanced driver-assistance systems (ADAS) has created a huge demand for high performance, reliable PCBs in the automotive sector. The burgeoning defense sector of China, requiring rugged, high-reliability electronic components, has triggered the demand for specialized, high-performance PCBs in military applications.

China Printed Circuit Board Market Regional Analysis

Southwestern China Printed Circuit Board Market Insights

The printed circuit board market for Southwestern China, expected to grow at 3.3% CAGR over the forecast period, is characterized by the increasing demand for PCBs driven by the local industries such as automotive, telecommunications, and consumer electronics. The strategic location of the region with the support by government boards for technology innovations has fostered PCB production. Advanced technologies like HDI and flexible PCBs are focused on by major players to satisfy the industry application of electric vehicles and 5G. Moreover, affordable labor and raw material sources provide the area with a competitive advantage in the PCB market.

Northwestern China Printed Circuit Board Market Outlook

The Northwestern China printed circuit board market growth is due to the rapid expansion in the region's electronics and industrial sectors. As the demands grow for high-end technology components such as 5G, electric vehicles, and smart manufacturing, demands will increase for high-performance PCBs. The region has been improving its infrastructure; it provides incentives from the government for technology developments as well as proximity to key supply chains. Companies are renewing their focus and investing more in automation and R&D for competitive production of HDI, flexible, and green PCBs. All these trends are projected to boost the PCB market with a 3.1% CAGR in the upcoming years.

North China Printed Circuit Board Market Opportunities

The North China printed circuit board market enjoys ample growth opportunities particularly in fields such as telecommunications, automotive, and consumer electronics. The robust industrial base in this region, together with significant manufacturing hubs, indicates that such markets would likely emerge to cater to the advanced types of PCBs, including HDI and flexible ones. Furthermore, North China’s strategic location enables better access to raw materials and skilled labor, making it an ideal hub for cost-effective PCB production. Manufacturers can leverage these opportunities by focusing on technological innovation and sustainability.

East China Printed Circuit Board Market Insights

The East China printed circuit board market is growing robustly due to advancements in consumer electronics, automotive technology, and telecommunications. The need for high-density interconnect (HDI) PCBs and flexible PCBs keeps growing to meet the latest industry needs including a major demand on developing 5G infrastructure and IoT devices. The major manufacturing hubs mark Jiangsu, Zhejiang, and Shanghai, focusing on production costs and technology innovation. The trends toward sustainability are likely to bring eco-friendly materials in PCB production and manufacturing. Global demand is driving East China to become a major player in the world PCB supply chain, offering competitive price and advanced solutions.

Southcentral China Printed Circuit Board Market Analysis

This printed circuit board market growth in Southcentral China thrives on robust manufacturing capacity in the section and closeness to the raw material suppliers. Governments and development of infrastructures are among the catalysts to make important provinces like Hunan, Jiangxi, and Hubei appear as the new emerging centers in PCB production. The market is growing with high demand for PCBs in sectors like consumer electronics, automotive electronics, and renewable energy. They invest in developing multilayer, high-density interconnect (HDI), and rigid-flex PCBs designed for applications such as 5G and IoT. Stricter environmental laws promote the use of eco-friendly practices and materials. With competitive costs and a skilled workforce, Southcentral China is also a significant player in the global PCB industry.

Northeast China Printed Circuit Board Market Growth

The printed circuit board market in Northeast China is viewed to have an incredible opportunity owing to the growing industries with the various regional economic policies of provinces like Liaoning, Jilin, and Heilongjiang that offer strong manufacturing bases alongside important trade routes, especially the China-Russia border. This market has increasing applications in industrial automation, renewable energy, and defense, resulting from continuous advances in robotics and energy infrastructure. New opportunities are emerging in the high-reliability PCBs under harsh environmental conditions that serve aerospace and heavy machinery.

Competitive Landscape

The market is highly fragmented. It features leading China printed circuit board market players such as Zhen Ding Technology, Avary Holding, and others, in addition to many small-scale manufacturers. The intense competition in the market mainly drives innovation, cost-efficiency and quality improvement into the air. Some of the China printed circuit board companies are opting for the high-tech, the sustainable and the strategic partnership solutions that differentiate them in this rapidly evolving industry.

Avary Holding Shenzhen Co Ltd

A subsidiary of Zhen Ding Technology, Avary Holding, established in 1999 and headquartered in Shenzen, has made its name as a leading PCB manufacturer specializing in a high-end range of products like HDI and rigid-flex PCBs. This company's principal applications include consumer electronics, automotive, and telecommunications.

JLCPCB

Founded in 2006, JLCPCB is a popular China PCB manufacturing company that specializes in low-cost pr...

Zhen Ding Technology Holding Ltd

Founded in 2006, Zhen Ding Tech. Group Technology Holding Limited is a global leader in PCB manufact...

Wus Printed Circuit Kunshan Co. Ltd

Created in 1992 and headquartered in the Jiangsu province of China, Wus Printed Circuits Kunshan off...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the China printed circuit board market report are RayMing Technology, Viasion Technology Co. Ltd., PCBWay, among others.

Innovative Startups

Innovative high-tech center startups in the China printed circuit board market strive to promote advances like flexible polymer-based circuits, high-density interconnects (HDI), environmentally friendly manufacturing solutions with technological improvements. They are looking at market scales, custom solutions, and cost efficiency for units in areas of wearable devices, IoT, and electric vehicles. Apart from this, the startups are focusing on R&D for further improvement in product performance under meeting future industry needs.

Shenzhen Jiali Chuang Technology Development

Shenzhen Jiali Chuang Technology Development is an innovative startup known for design and production of high-density interconnect (HDI) and flexible PCBs. The company aims at providing advanced circuit solutions with applications mainly in consumer electronics and automotive fields where emphasis is placed primarily on efficient miniaturization and customization in design offered by emerging technologies.

Jieqi Information Technology

Found in 2013, Jieqi Information Technology is well-renowned for high performance flexible and rigid-flex PCBs. The company serves industries like IoT, automotive, and wearables. Jieqi focuses on advanced R&D and green manufacturing processes to satisfy the increasing need for high-tech, sustainable electronic components

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the China printed circuit board market reached an approximate value of USD 43.22 Billion.

The market is projected to grow at a CAGR of 2.90% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 57.52 Billion by 2034.

The major drivers of the market are the expanding consumer electronics sector, the country’s booming electronic vehicles market, and the growing 5G infrastructures.

The key trends of the market include shift to high density interconnect technology, expanding automotive electronics, growing demand for flexible PCBs, and the rise of green technology.

The major regions in the market are Southwestern China, Northwestern China, Southcentral China, North China, East China, and Northeast China.

The various raw materials considered in the market report are epoxy resin, glass fabric, phenolic resin, kraft paper, and others.

The different substrates in the market report are standard multilayer, flexible circuits, High-Density Interconnect (HDI), Integrated Circuits (ICs), rigid 1-2 sided, rigid flex.

The major players in the market are Avary Holding Shenzhen Co. Ltd., JLCPCB, Zhen Ding Technology Holding Ltd., Wus Printed Circuit Kunshan Co. Ltd., RауMing Tесhnоlоgy, Viasion Technology Co. Ltd., PCBWay among others.

The different applications considered in the market report are communication, consumer electronics, industrial electronics, automotive, military, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Raw Material
  • Substrate
  • Application
  • Region
Breakup by Raw Material
  • Epoxy Resin
  • Glass Fabric
  • Phenolic Resin
  • Kraft Paper
  • Others
Breakup by Substrate
  • Standard Multilayer
  • Flexible Circuits
  • High Density Interconnect (HDI)
  • Integrated Circuits (ICs)
  • Rigid 1-2 Sided
  • Rigid Flex
Breakup by Application
  • Communications
  • Consumer Electronics
  • Industrial Electronics
  • Automotive
  • Military
  • Others
Breakup by Region
  • Southwestern China
  • Northwestern China
  • Southcentral China
  • North China
  • East China
  • Northeast China
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Avary Holding Shenzhen Co. Ltd.
  • JLCPCB
  • Zhen Ding Technology Holding Ltd.
  • Wus Printed Circuit Kunshan Co. Ltd.
  • RауMing Tесhnоlоgy
  • Viasion Technology Co. Ltd.
  • PCBWay
  • Others

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