The PCBA industry is benefiting from favorable policies, and the domestic and foreign markets are recovering

1. Domestic policy support

The Chinese government has issued a number of policies to support the development of the PCB and PCBA industries. Eight departments have issued the "14th Five-Year Plan for the Development of Intelligent Manufacturing", which aims to guide all regions and industries across the country to achieve high-quality development of intelligent manufacturing. The plan proposes the goals, key tasks, safeguards and supervision and management of intelligent manufacturing. The "Plan" proposes the development goals of intelligent manufacturing in 2025 and the long-term goals in 2035, and deploys actions to tackle key problems in intelligent manufacturing technology, build intelligent manufacturing demonstration factories, upgrade the industry's intelligent transformation and upgrading, and innovate and develop intelligent manufacturing equipment. The implementation of intelligent manufacturing policies has promoted the development of the PCBA industry and promoted technological innovation and intelligent upgrading in the industry. The high-quality development of intelligent manufacturing has brought new opportunities and challenges to the PCBA industry.

2. Recovery of foreign markets

The output value of the global PCB industry is expected to rebound in 2024, mainly driven by the growth in demand for servers and automotive electronics. The recovery of foreign markets has brought new growth opportunities to the PCBA industry.

3. 5G technology promotion

The promotion and commercialization of 5G technology has driven the growth of PCBA demand. The high-speed and low-latency characteristics of 5G technology have brought innovation and development opportunities to the PCBA industry.