The production value of the global PCB industry is expected to grow 12.4% on year to US$46.316 billion in 2010 after posting a decline of 14.8% in 2009, according to Shiuh-Kao Chiang, managing partner at market research firm Prismark Partners.
The PCB industry will continue to expand by 7.1% in 2011, according to Prismark data.
This year's growth has been driven by increasing demand and inventory build-ups, which has in return pushed up PCB prices, Chiang commented.
However, Chiang warned that the second half of 2010 will remain a challenge for the industry after a strong rebound in the first half and also due to a slow pace of recovery in the US and Europe.
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Prismark: Production value changes of PCB products by application: 2009-2010 |
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|
Application |
2009 |
2010 |
|
Automotive |
(25.8%) |
14.2% |
|
Communications |
(13.5%) |
11.2% |
|
PC products |
(17.1%) |
10.8% |
|
Consumer products |
(8.2%) |
15.2% |
|
Industrial/medical care |
(21.5%) |
16.5% |
|
Defense/aerospace industries |
(1.5%) |
3.5% |
|
IC substrate |
(15.3%) |
15.7% |
|
Total |
(14.8%) |
12.4% |
Source: Prismark, compiled by Digitimes, July 2010