Recently, the PCB sector has quietly strengthened. Last week, in sharp contrast with the sharp fluctuations in the index, a number of PCB concept stocks gained better momentum, with Shiyun Circuits, Shanghai Electronics Co., Ltd., Suntak Technology, Jingwang Electronics, and Shennan Circuits rising more than 10%.
If you look back on the timeline, since the fourth quarter, the PCB sector has performed equally well: 27 of the 34 PCB concept stocks recorded positive returns.
The three main lines of new energy bring huge incremental space
Previously, PCBs were mostly closely connected with concepts such as consumer electronics and 5G. However, as the development of new energy vehicles has gradually improved, the application of PCBs in automotive electronics has also begun to attract market attention.
On the one hand, in the automotive industry, PCBs are mainly used for assisted driving, in-vehicle communications, and electric control. For traditional fuel vehicles, the average PCB consumption is 1 square meter, while that of high-end models is 2-3 square meters. The value of PCB for bicycles is about 500-600 yuan.
However, due to the addition of BMS, MCU and other devices to new energy vehicles, the PCB area has increased to 3-5 square meters, and the value of PCBs for bicycles exceeds RMB 2,000, which is four times that of traditional fuel vehicles. Prismark data show that last year, the global automotive PCB output value was US$6.19 billion, and it is estimated that the output value will reach US$8.75 billion in 2024, accounting for 10.6% of the total global PCB output value, and the compound growth rate in 2020-2024 can reach 9%.
On the other hand, it is the subdivision field FPC (flexible circuit board/soft board). In traditional fuel vehicles, the amount of bicycle FPC is about 100 or more. It is mainly used in vehicle display groups and vehicle electronic equipment, engine systems, seats, doors, vehicle control and other electronic control automatic systems, and vehicle imaging systems and sensors. system.
In new energy, both power batteries and energy storage batteries open up new capacity for FPC.
In the power battery segment, FPC has become one of the new materials selected by manufacturers to reduce costs. It has significant advantages in safety performance, lightweight, process flexibility, and automated production. It has been awarded by Ningde Times, BYD, Guoxuan High-tech , AVIC Lithium Battery, Tafel, Funeng Technology and many other enterprise applications.
