Global Automotive PCB Market size was valued at US$ XX Bn. in 2019 and is expected to grow at a CAGR of 5.82% over 2020-2026, to account for US$ 13.02 Bn. in 2026.
Electric Vehicle Sales by Countries:
Global Automotive PCB Market 2
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Global Automotive PCB Market Overview:
The PCB (Printed Circuit Board) is a board base used to mechanically support and electrically connect the electronic components by the conductive paths. The future of the automotive sector looks optimistic with the continuing development of electric vehicles (EVs), and self-driven cars. The development of the PCB industry in the automotive sector is expected to increase fast with the emphasis on electric and autonomous vehicles.
Electric Vehicles Sales Growing Rapidly:
The growth of the PCB in the automotive industry is expected to increase furiously with the focus on electric vehicles (EVs). Owing to the increasing concern on worldwide emissions from vehicles as well as rising government initiatives to upsurge the sales of electric vehicles (EVs). For example, the government of Norway is providing benefits such as no road tax, exception from import duty and also dedicating heavily in the organization to help sales of EVs and make the county eco-drive zone by 2026.
The launch of new electric vehicles is projected to drive the demand for PCB. China is expected to witness a rise in the penetration of new energy vehicles by 5 - 6% throughout 2020−2026. Henceforth, the introduction of electric cars is expected to develop the adoption of automotive PCB during the forecast period.
Growing Advanced Driver Assistance Systems (ADAS) is Driving Growth of Automotive PCB Market
The utilization of PCB in ADAS systems is projected to witness major traction in the upcoming years.
Henceforth, vendors catering to the global market for automotive PCB are observing to capitalize on this rising trend of ADAS installation in vehicles in the coming 2-3 years. The regulatory bodies of various economies are mandating some of the ADAS features and the implementation of basic safety systems like anti-lock braking system, ABS, and TPMS. This is driving the growth of ADAS in the global automotive PCB market.
Hampering Factors on Global Automotive PCB Market:
The rising consumer preference towards BYOD (Bring Your Own Device) is projected to hamper the growth of the global automotive PCB market during 2020-2026. The operation failures in PCBs is expected to further decline the growth of the global automotive PCB market in the upcoming 2-3 years.
By type, the multi-layer PCB segment is expected to grow at the largest CAGR of nearly 7.02% during the forecast period. This growth is attributed to the growing demand for advanced electronics such as camera modules, drive mode selector, windshield HUDs, and advanced telematics
BEV Fuel Type Segment to Witness Fastest Growth in Industry
By Fuel Type, the BEV segment is expected to grow at the largest CAGR of nearly 23.02% during the forecast period. The BEVs are incorporated with a various number of electric components, ECUs, and PCBs in the interior, drive train, and body areas. Manufacturers of BVE are also implementing advanced technologies to attract more consumers.
APAC Captures Major Automotive PCB Market Share
APAC Automotive PCB Market accounted for US$ XX Bn. in 2019 and is expected to grow at a CAGR of XX.51 % over 2020-2026, to account for US$ XX Bn. in 2026. The APAC accounts for almost 60% of the global population and major emerging economies of the world such as China and India. During 2020-2026, these countries are expected to grow much faster because of the activities in transportation, construction, industrialization etc.
With these trends, the demand for automotive vehicles increased in the APAC and driven various governments in the region to command few active and passive safety features in vehicles which in turn increased the APAC automotive PCBs market growth.
The Asian governments are providing subsidies to EV buyers to drive the purchase rate of EVs in the APAC. For example, the Japanese government is aiming to remove the adoption of internal combustion engine vehicles in the country by 2050, to support this objective, the country started offering a one-time subsidy for buyers when purchasing an electric vehicle.
Global Automotive PCB Market by Country Wise Analysis:
The increased penetration of hybrid and electric vehicles in the U.S. and Canada has made North America the second-largest regional segment in the automotive PCB market globally. The growing demand for EVs in Germany, the U.K, and France are some of the major drivers for automotive PCB market growth in Europe. Brazil is the foremost market in the South America automotive PCB market.
Leading market key players are working to demonstrate the opportunity to Automotive PCB Market.
The MMR report includes the profiles of leading companies operating in the global automotive PCB market. Such as in June 2019, TTM Technologies, Inc., a leading global PCB manufacturer, announced that it will acquire certain manufacturing and intellectual property effects from i3 Electronics, Inc. to support its advanced technology PCB capabilities and IP portfolio for developing applications in the aerospace and defense end market and high-end commercial consumers.
The objective of the report is to present a comprehensive analysis of the Global Automotive PCB Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive PCB Market dynamics, structure by analyzing the market segments and project the Global Automotive PCB Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive PCB Market make the report investor’s guide.
Global Automotive PCB Market, Key Highlights:
• Global Automotive PCB Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Automotive PCB Market
• Global Automotive PCB Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Automotive PCB Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Automotive PCB Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Automotive PCB Market are also profiled.
Scope of the Global Automotive PCB Market: Inquire before buying
Global Automotive PCB Market, by Type
• Double-Sided PCB
• Multi-Layer PCB
• Single-Sided PCB
Global Automotive PCB Market, by Fuel Type
Global Automotive PCB Market, by Level of Autonomous Driving
• Autonomous Vehicles
• Conventional Vehicles
• Semi-Autonomous Vehicles
Global Automotive PCB Market, by End User
• Economic Light Duty Vehicles
• Luxury Light Duty Vehicles
• Mid-Priced Light Duty Vehicles
Global Automotive PCB Market, by Application
• ADAS and Basic Safety
• Body, Comfort, and Vehicle Lighting
• Infotainment Components
• Powertrain Components
Global Automotive PCB Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Global Automotive PCB Market Key Players
• Samsung Electro-Mechanics
• CMK CORPORATION
• Unimicron Technology
• Meiko Electronics
• Chin Poon Industrial
• KCE Electronics
• Daeduck Electronics
• Tripod Technology
• Nippon Mektron
• Austria Technologies & Systemtechnik Aktiengesellschaft
• TTM Technologies
• Amitron Corp (US)
• Kyoden (Japan)
• Multek Flexible Circuits (US)
• Samsung Electro-Mechanics (South Korea)
• Shirai Electronics (Japan)
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