PCB is a crucial electronic interconnect component of electronic products and is widely used in consumer electronics, automotive, communication devices, industrial control, medical, and other fields.

However, since the fourth quarter of 2022, influenced by factors such as weak demand in consumer electronics and overall lower-than-expected demand from end customers, the PCB industry has been experiencing a downward trend.

In the first half of 2023, global trade and investment slowed down, and the world economy faced weak recovery, leading to challenges such as weak demand, inventory adjustments, oversupply, and severe "internal competition" in the electronic information industry. The impact of these multiple factors has suppressed the new demand in the PCB industry. According to Prismark's forecast, the PCB industry's output value in 2023 is expected to be $74.14 billion, a year-on-year decline of 9.3%. The overall PCB market in the first quarter of 2023 decreased by 20.3% compared to the same period in 2022 and decreased by 13.1% compared to the fourth quarter of 2022.

Entering the second half of the year, the overall industry demand is expected to gradually recover.

With the rapid iteration and application expansion of new artificial intelligence technologies such as ChatGPT, the market for computing infrastructure, represented by AI servers, is experiencing explosive growth. Downstream areas of PCB, such as cloud computing and edge computing, will also experience vigorous development, continuously leading the global printed circuit board industry towards high precision, high density, high integration, and high reliability.

The rise of emerging technologies such as 5G communication, autonomous driving, and the Internet of Things will also drive the market demand for advanced products such as high-layer count boards, high-frequency/high-speed boards, and HDI (High-Density Interconnect) boards.

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