Thailand Passes the U.S. as Fifth-Largest Printed Circuit Board Producer
Growth in Thailand’s industry, coupled with the continuing decline in the U.S. industry share, caused Thailand to move ahead of the U.S. and become the fifth-largest PCB-producing country in 2017.
The global printed circuit board (PCB) industry achieved an estimated 13.9% percent real growth in 2017, according to IPC’s recently released “World PCB Production Report for the Year 2017,” representing the fastest growth since the recovery year of 2010. According to the report, China’s share of world PCB production continued to grow in 2017, accounting for more than half of the world production value. Production in Taiwan and Japan declined as percentages of world production in 2017 due to continued off-shore investment.
The greatest growth in the proportion of world PCB production in 2017 was seen in Vietnam and Thailand. Growth in Thailand’s industry, coupled with the continuing decline in the U.S. industry share, caused Thailand to move ahead of the U.S. and become the fifth-largest PCB-producing country in 2017.
Despite its declining share, the value of U.S. PCB production grew an estimated 5.9% in real terms in 2017. Although just 3.9% of world PCB production is done in the U.S., U.S.-based companies own 6.5% of global production. Despite evidence of a small on-shoring trend, most large U.S. companies still produce a substantial share of their PCBs outside the country.
Additional details are available at www.ipc.org.