Automotive PCB Market Analysis
The Global Automotive PCB Market size will grow at a 5.98% CAGR between the forecast period 2018- 2026, states the recent Market Research Future (MRFR) analysis. The printed circuit board (PCB) is the board that is utilized to electrically connect and mechanically support various electronics components with conductive paths. Automotive PCB is of different types such as single-side, double-side, and multi-layer that have wide applications in the internal combustion engine, battery electric vehicles, and hybrid electric vehicles.
Key Players
Automotive PCB Manufacturers include CMK CORPORATION, CHIN-POON INDUSTRIAL CO., LTD., KCE Group, Daeduck Electronics Co., Ltd., TTM Technologies, Tripod Technology Corporation, NIPPON MEKTRON, LTD., MEIKO ELECTRONICS Co., LTD., Unimicron Corporation, AT S Austria Technologies Systemtechnik Aktiengesellschaft, and SAMSUNG ELECTRO-MECHANICS.
Various factors are propelling the global Automotive PCB Market trends. According to the recent MRFR market estimates, such factors include rising applicability of rigid-flex PCBs, penetration of in-vehicle infotainment systems, availability of new energy vehicles, increased potential of ADAS, growing installation of IVI systems, growing demand for electric cars, development of digitalization of printed circuit board design simulation, and introduction of convenient safety systems. Additional factors adding market growth include growing demand for more features and accessories in cars that can be powered by sophisticated electronic systems, increasing production of commercial and passenger cars, and increased penetration of radar systems.
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On the contrary, increasing risk of operation failure, the COVID-19 impact, and the precedence of consumers over BYOD are factors that may limit the global Automotive PCB Market growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the Global Automotive PCB Market based on vehicle type, PCB type, and end user.
By vehicle type, the automotive PCB market i segmented into hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and internal combustion engine (ICE). Of these, the ICE segment will lead the market over the forecast period.
By PCB type, the global automotive PCB market is segmented into single-side, double-side, and multi-layer. Of these, the single-sided segment will dominate the market over the forecast period.
By end user, the global automotive PCB market is segmented into passenger car and commercial vehicle. Of these, the passenger car will spearhead the market over the forecast period.
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Regional Analysis
By region, the Automotive PCB Industry covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa. Of these, the APAC region will spearhead the market over the forecast period. The presence of several semiconductor manufacturers, rising adoption of smart devices, increasing production of commercial and passenger cars, presence of key vehicle manufacturers in South Korea, Japan, and China, China being the largest automotive manufacturing sectors, rising market share of advanced electronics in cars, the rising purchasing power of consumers, and good consumer awareness for safety features in developing countries are adding to the global automotive PCB market growth in the region.
In North America, the Automotive PCB Market is predicted to have healthy growth over the forecast period. Growth in the consumer electronics market, the increasing popularity of IoT, growing applications in the auto industry, and PCBs packaging flexibility and enhanced performance are adding to the global automotive PCB market growth in the region.
In Europe, the automotive PCB market is predicted to have sound growth over the forecast period, and that in the LAMEA is predicted to have steady growth over the forecast period.
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Table OF Content
1 Executive Summary
2 Market Introduction
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 List Of Assumptions 22
2.4 Market Structure 23
3 Research Methodology
3.1 Research Process 25
3.2 Primary Research 26
3.3 Secondary Research 27
3.4 Market Size Estimation 27
3.5 Forecast Model 28
4 Market Dynamics
4.1 Introduction 30
4.2 Drivers 30
4.2.1 Surge In Demand For Electric Vehicles Worldwide 30
4.2.2 Increasing Demand For Advanced Safety, Convenience, And Comfort Systems 31
4.2.3 Growth Of Automotive Industry 32
4.2.4 Drivers Impact Analysis 33
4.3 Restraints 33
4.3.1 Risk Of Operational Failures 33
4.3.2 BYOD Trend 33
4.3.3 Restraints Impact Analysis 34
4.4 Opportunity 34
4.4.1 Increasing Adoption Autonomous Vehicles 34
4.5 Trends 34
4.5.1 Artificial Intelligence In Automotive Industry 34
4.5.2 Augmented Reality (AR) In Automotive Industry 35
4.5.3 Adoption Of Connected, Automated, And Electrified Mobility 35
5 Macro Factor Analysis
5.1 Supply Chain Analysis 37
5.1.1 Design And Development 37
Continued……..
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