Automotive PCB Market is segmented By Type (Single-Sided, Double-Sided and Multi-Layer), By Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles and Internal Combustion Engine Vehicles), By End User (Passenger Car and Commercial Vehicle), By Application (ADAS, Body and Comfort, Infotainment System, Powertrain Components and Others), By Level of Autonomous Driving (Autonomous, Semi-Autonomous and Conventional) and Region – Global Forecast Till 2023. Report provides Automotive PCB Market Trends, Growth, Opportunity Analysis, with Global Forecast To 2023.
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Key Players Studied:
SAMSUNG ELECTRO-MECHANICS, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, Unimicron Corporation, MEIKO ELECTRONICS Co., LTd., NIPPON MEKTRON, LTD., Tripod Technology Corporation, TTM Technologies, Daeduck Electronics Co., Ltd., KCE Group, CHIN-POON INDUSTRIAL CO., LTD., and CMK CORPORATION.
Market Overview:
The global automotive PCB Market is poised to grow at a CAGR of 5.98% by the year-end of 2023. Market Research Future publishes this report and also offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis.
The automotive PCB is a copper laminated and non-conductive board, which is used to connect the electrical and electronic components. Automotive PCBs are broadly used in various applications such as airbag deployment, antilock brake systems, audio and video equipment, communication equipment, DC/AC power converters, digital displays, and electronic computer unit among others. Automobiles use specifically designed PCBs to withstand the harsh conditions to which vehicles are exposed.
It has been observed that the rising demand for additional accessories and features in the vehicles coupled with demand for sophisticated electronic systems is expected to drive the automotive PCB market to propel substantially in the years to come. Hence, the production of automobiles with advanced features has continuously supported the market, and with the help of more factors, the market is still on the verge of rising rapidly.
Global Automotive PCB Market Drivers & Trends:
PCB is popular for its range of applications in the automotive industry such as management of the engine and radar, entertainment systems, GPS, digital displays, mirror controls, and power systems. Advancements and technology enhancements have introduced many hybrid and electric vehicles on roads. With the advent of these, having advanced safety features are propelling the demand for PCB, hence positively raising the PCB market.
The mounting focus production of electric vehicles prefers the use of PCB owing to follow stringent emission rules in concern with environment, fuel economy norms, and rapid adoption of connected cars will expand the growth of the automotive PCB market in the future timeframe. It has also been recorded that, the critical market manufacturers are steadily expanding automotive industry intensifying the competition in the current time, which in turn, is creating more ways of technological developments in vehicles with PCB. This is one of the major factors that is taking the automobile PCB market to proliferate with huge opportunities to take place in the forecast period.
Further, the rising adoption of advanced driver assistance systems (ADAS), automotive infotainment systems, and automotive telematics will boost the demand for automotive PCB in the global market. The escalating focus on transmission, battery capacity, and connectivity will help vendors launch innovative systems in the global automotive PCB market.
In addition, the rising R&D initiatives are expected to create new business opportunities for players in the global automotive PCB market. For instance, the foremost companies such as Audi, Ford, Continental, Bosch, and Delphi are initiating projects to commercializing the concept of autonomous vehicles that will augment the demand for automotive electronic components and the growth of the global automotive PCB market over the next few years.
On the flip side, the mounting consumer preference towards bringing your own device (BYOD) is expected to hamper the growth of the automotive PCB market. In addition, some operation failures in PCBs could be a further point of decline in the growth of the automotive PCB market in the next few years.
Global Automotive PCB Market Segmentation:
In the reports of MRFR, the global automotive PCB market has been segmented by type, vehicles, end-user, application, level of autonomous driving and region.
By the mode of type, the market includes segments of single-sided, double-sided, multi-layer.
By the mode of vehicle type, the market has segments such as battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), internal combustion engine (ICE) vehicles.
By the mode of end-user, the market classifies as a passenger car and commercial vehicle.
By the mode of application, the market includes ADAS, body and comfort, infotainment system, powertrain components, and others.
By the mode of the level of autonomous driving, the market includes autonomous, semi-autonomous, and conventional.
Regional Outlook:
Based on geographical segmentation, North America is the largest regional market for the automotive PCB market accounting growing demand for electric vehicles and hybrid electric vehicles. This is propelling the market to expand significantly in the forecast period.
As Asia Pacific region is the largest market for automobiles, the market share is expected around 50% of the global automobile production. This is due to the emerging economy in countries such as China and India and developed nations such as Japan and South Korea. Therefore, the increasing uses of advanced electronics in vehicles, the growing purchasing power of the consumer are some of the key factors driving the automotive PCB market in the Asia Pacific region.
Europe is also showing a constant rise in the market of automotive PCB market owing to modifications in vehicles with extensive usage of PCBs.
Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive PCB Market, By Transmission Type
5.1 Introduction
5.2 Automatic
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Manual
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.2 Semi-Automatic
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
Continued…
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