PCB设备行业更新

PCB Industry Update Summary Industry Overview - The PCB industry is expected to grow by 5.8% year-on-year in 2024, with a projected market value of $94.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.2% driven by demand from AI systems, servers, storage, and networking equipment [1][3] - The trend towards high-end PCB products is evident, with high-layer count boards (18 layers and above) and HDI boards expected to grow by 40.3% and 18.8% respectively in 2024, with high-layer count boards projected to have a CAGR of 15.7% by 2029 [1][3] Key Trends - Southeast Asia is becoming a new manufacturing hub, with leading PCB companies increasing investments in Vietnam, Thailand, and Indonesia. By 2025, over 25% of the top 100 PCB manufacturers are expected to establish bases in these regions, boosting demand for high-layer count and packaging substrates [1][6] - The COWP (Chip on Wafer Package) technology is enhancing signal integrity and thermal efficiency while reducing costs, thereby increasing the strategic value of China's semiconductor industry [1][10] Manufacturing Process Insights - The PCB manufacturing process includes several key stages: cutting resin materials, inner layer exposure, lamination, drilling (mechanical and laser), electroplating, outer layer exposure, inspection, and packaging. Inner layer exposure accounts for approximately 6% of the process, while mechanical drilling constitutes 15% [7][8] - The drilling process is evolving towards high-precision small-diameter processing, with mechanical drilling currently dominating at 60% of demand, while laser drilling is gaining traction for smaller holes [12] Equipment and Technology Developments - The demand for drilling machines and drill bits is increasing, with the value of single drilling machines nearly doubling. The need for longer and thinner drill bits is creating challenges in manufacturing and maintaining drill bit longevity [13] - The exposure process is transitioning from traditional film exposure to laser direct imaging (LDI), which meets the demands for finer line widths and flexible production [14] - The electroplating process is shifting from traditional direct current to advanced pulse equipment, with over 50% of orders now for pulse devices, leading to a doubling in order value and a 30% increase in prices [15] Market Dynamics - The PCB industry is experiencing a resurgence, with capital expenditures expected to rise due to increased production value and the need for more processing equipment [2] - The detection phase of PCB manufacturing is increasingly incorporating AI automation and machine vision technologies, with companies like Juzhi Technology and Stak leading in the solder paste printing segment [16] Future Outlook - The PCB industry is anticipated to continue its upward trajectory in the coming years, driven by technological advancements and increased production capacity among companies like Jingwang [17]