Dan's Biz Bookshelf: 'Getting Naked: A Business Fable'
The Chemical Connection: Common Misconceptions in Wet Processing
It’s Only Common Sense: Selling to Engineers
Taiwan PCB Industry Poised for Growth Driven by AI and Satellite Communications
March 3, 2025 | TPCAEstimated reading time: 1 minute
The Taiwan Printed Circuit Association (TPCA), in collaboration with the Industrial Technology Research Institute's International Industrial Science and Technology Research Institute, released its latest report on the Taiwan circuit board industry during its "Trend Online Seminar" on February 26, 2025. The report highlighted that Taiwan's PCB industry achieved an output value of NT$816.8 billion in 2024, a 6.1% year-on-year increase. Growth was primarily driven by demand for AI servers, satellite communications, and automotive electronics. Looking ahead to 2025, the industry is projected to grow to NT$854.1 billion, a 4.6% increase. Continued demand for AI servers, edge AI applications, and low-orbit satellite PCBs are expected to fuel this growth.
The report also highlighted some key market trends. High-end HDI boards and multi-layer boards saw strong growth due to AI server and satellite communication demand. Automotive electronics demand remains robust, despite a slowing global auto market, and mobile phone boards continue to be a major product segment. Notably, server PCB output value increased by 49% in 2024, reaching NT$50.9 billion, and satellite PCB output value increased by 83% in 2024, reaching NT$19.3 billion. However, the flexible board market share declined due to stagnant mobile phone growth, and IC substrate market growth slowed but is expected to rebound with increased AI application adoption.
Despite the positive outlook, the industry faces challenges and uncertainties. US policy changes, including potential tariff adjustments and electric vehicle policy shifts, pose significant uncertainties. Deflation risks in mainland China could impact consumer market recovery. New production capacity in Thailand from Taiwanese and Chinese manufacturers may intensify price competition, and rising international gold prices and electricity costs may increase manufacturing expenses.
Overall, the Taiwan PCB industry is cautiously optimistic about 2025, with strong growth potential in AI server and satellite communication sectors. However, external factors such as US policy and global economic conditions require careful monitoring.
Share on:
Suggested Items
KLA Reports Fiscal 2025 Q3 Results
05/02/2025 | PRNewswireKLA Corporation announced financial and operating results for its third quarter of fiscal year 2025, which ended on March 31, 2025, and reported GAAP net income of $1.09 billion and GAAP net income per diluted share of $8.16 on revenues of $3.06 billion.
OSI Systems Reports Fiscal 2025 Q3 Financial Results
05/02/2025 | BUSINESS WIREOSI Systems, Inc. announced its financial results for the three and nine months ended March 31, 2025.
Nano Dimension Announces 2024 Financial Results
05/02/2025 | Nano DimensionNano Dimension Ltd., a leader in Digital Manufacturing solutions, announced its 2024 financial results and shared its 2025 strategic outlook.
Wolfspeed Announces Executive Leadership Change
05/02/2025 | WolfspeedWolfspeed, Inc. announced that it has mutually agreed with Neill Reynolds to conclude his role as Executive Vice President and Chief Financial Officer, effective May 30, 2025, to pursue another professional opportunity.
Spirit AeroSystems Reports First Quarter 2025 Results
05/02/2025 | Spirit AeroSystems, Inc.Spirit's revenue in the first quarter of 2025 decreased from the same period of 2024, primarily due to lower production activity on most Boeing programs, particularly the Boeing 737 program.