Most of the automotive PCB market share is concentrated in Japan and the United States, and it is expected to further transfer to the mainland, and manufacturers with first-mover advantages will fully benefit. In 2020, global automotive PCB companies will be dominated by companies from Japan, the United States, and Taiwan, and Jingwang Electronics is the only CR10 company in mainland China. The mainland has accounted for more than 50% of the overall PCB output value, and the domestic automotive PCB share is far lower than the overall PCB share. The new energy vehicle market has continued to expand in the Chinese market in recent years, and the main demand for PCBs required for electrification also comes from the Chinese market. Mainland manufacturers can better adapt to the needs of downstream customers by virtue of their quick response and strong service capabilities. It is expected that the production capacity of automotive PCBs will be further transferred to the mainland, and manufacturers with first-mover advantages will fully benefit.
