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Forecast of Global PCB Output Growth in 2024

Views: 0     Author: Site Editor     Publish Time: 2024-01-15      Origin: Site

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Forecast of Global PCB Output Growth in 2024

The output value of road panels will rebound to $78.2 billion, an estimated growth of 6.3% over 2023.

 According to a report by Juheng network on January 22, 2024, the imbalance between supply and demand during the covid-19

led to excessive expansion of global consumption, and after the covid-19, it was faced with destocking and interest rate hikes to curb inflation Pressure.

so in 2023 the global PCB industry suffered a recession, TPCA on January 22, 2024 quoted the International Institute of Obstetrics and 

Technology Research Institute estimates that the global PCB output value in 2023 is $73.9 billion, down 15.6%In 2024, it is estimated that the global circuit board output value will rebound to $78.2 billion, an increase of 6.3% from 2023.

At the same time, until the growth momentum of the overall consumer market gradually approaches the global economic performance, 

the growth rate of the global circuit board output value will return to the long-term average of 4%-5%,Allowed The recession is better than the global average

 at 9% in 2024  In contrast, South Korea has the highest proportion of carrier boards and focuses on consumer electronics memory applications.  

A recession of more than 20%; Although the carrier board accounts for a considerable proportion in Japan and Taiwan, the product composition is 

relatively balanced and has the support of automotive applications, so The recession lies between China and South Korea.

At the same time, due to the low base period in 2023, the overall electronics industry will feel higher growth momentum in 2024, and the circuit board industry 

will also be expected to usher in inventory replenishmentThe next growth cycle. Although it will take time for overall consumer demand to return to a positive cycle,

 it can still benefit from the improvement of some product specifications. Projected global electricity in 2024

The output value of road panels will rebound to $78.2 billion, an estimated growth of 6.3% over 2023.


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