The overall automobile PCB market share is relatively scattered.In 2019, the CR5 of the global automobile PCB market was about 43%, and the CR10 was about 70%. The overall market pattern was relatively scattered, mainly with enterprises in Japan, the United States and Taiwan.Mainland enterprise Jingwang Electronics accounted for 3.7%, Shanghai Electric shares for 3.6%, and world transport circuits for 2.3%.
In the mainland China, the local PCB manufacturers are closer to the end customers, and their stable supply capacity is conducive to seizing the first opportunity.At present, the new energy vehicle market continues to expand, and the PCB needed for electrification has created the industry increment.From January to September 2021, China's production of new energy vehicles increased by 204% year on year. In September, the overall penetration rate of new energy has reached 17%, the output ranked first in the world, and the penetration rate also ranks among the top in the world. The largest PCB market required for electrification will come from the Chinese market.In the incremental market, we believe that local manufacturers can meet the needs of downstream customers with the advantage of rapid response and seize the market opportunities with strong service ability.In addition, the verification of automobile PCB takes a long time, and the coordination cost is large. The current epidemic hinders normal business activities, and the development costs of new suppliers increase, consolidating the position of the original supplier.In the development of new suppliers, we believe that local enterprises are relatively sufficient production capacity preparation, thanks to the high stability of epidemic prevention and control production capacity in the mainland, which is conducive to the supply chain security of downstream customers. The opportunities of local manufacturers are far greater than in the normal period.
Mainland enterprises have the leading layout and has entered the supply chain of large customers.After long-term accumulation, China's automobile PCB has formed a strong competitiveness. Some manufacturers have been recognized by the world-class vehicle customers, and have generally entered the supply chain of the world's famous auto parts suppliers.
