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Increase in demand for vehicle safety and comfort features is going to propel the market for automotive PCBs in the upcoming years
The global automotive PCB market is estimated to be USD 8.21 billion in 2017 and is projected to reach to USD 12.43 billion by 2025, growing at a CAGR of 5.33% from 2017 to 2025. The market growth is primarily driven by factors such as increasing demand for safety and comfort features in a vehicle. However, the ECU consolidation is considered a restraint for the global automotive PCB market.
The MultiLayer PCB segment is estimated to be the fastest growing segment of automotive PCB market in terms of value
The MultiLayer PCB segment is estimated to be the fastest growing segment of the automotive PCB market during the forecast period. Most of the automotive OEMs are incorporating advanced electronic systems such as HUDs, reconfigurable instrument cluster, rear seat entertainment, drive mode selector, advanced telematics, and electric powertrain. This is anticipated to drive the multilayer PCB market.
Luxury light duty vehicles segment is estimated to be the largest segment in the automotive PCB market in terms of value
Luxury light duty vehicles segment is estimated to hold the largest market size during the forecast period, as these vehicles are equipped with advanced vehicle electronics functions for comfort and convenience. The vehicle manufacturing companies are trying to introduce advanced functions, such as voice recognition, gesture control, and fatigue monitoring, to stand out among the competition. The increasing number of such applications is fueling the growth of automotive PCB market for luxury light duty vehicle segment.
Asia Pacific is estimated to be the fastest growing region for automotive PCB market in terms of volume
Asia Pacific is estimated to be the fastest growing region in the automotive PCB market during the forecast period. The region comprises technologically advanced markets for automotive such as China and Japan along with the developing countries such as India. The growing number of luxury vehicles and the increasing demand for advanced cockpit electronics and basic safety system are propelling the growth of automotive PCBs in the region.
The study contains insights provided by various industry experts, ranging from automotive PCB manufacturers to automobile OEMs and various automotive associations. The breakup of the primaries is as follows:
By Company Type: Tier I55%, Tier II36% and OEMs9%
By Designation: C Level36%, D Level46% and Other 18%
By Region: Asia Pacific38%, Europe35%, North America18%, RoW 9%
Players profiled in the report are:
Delphi Automotive Gillingham, UK
Samsung ElectroMechanics Suwon, South Korea
CMK Corporation Tokyo, Japan
Unimicron Technology Taiwan
Meiko Electronics Japan
Chin Poon Industrial Taiwan
KCE Electronics Bangkok, Thailand
Daeduck Electronics Siheung, South Korea
Tripod Technology Taoyuan, Taiwan
Nippon Mektron Tokyo, Japan
The report covers automotive PCB market by type doublesided, multilayer, and singlesided, by end user economic, midpriced, and luxury lightduty vehicles, by application ADAS and basic safety, body, comfort vehicle lighting, infotainment components, and powertrain components, by fuel type BEV, hybrid, and ICE, by level of autonomous driving autonomous, conventional, and semiautonomous and by region Asia Pacific, Europe, North America, and Rest of the world
Reasons to Buy the Report:
The report provides insights into the following points:
Market Penetration: The report provides comprehensive information on PCBs offered by the top players in the industry for the automotive market.
Product Development/Innovation: The report provides detailed insights into upcoming technologies, RD activities, and new product launches in the automotive PCB market.
Market Development: The report offers comprehensive information about PCB market for automotive. The report analyzes the market for automotive PCBs across regions and provides comprehensive information about lucrative emerging markets.
Market Diversification: The report provides exhaustive information about emerging trends, market dynamics, and investments in the global PCB market for automotive.
Original Article: Automotive PCB Market by Type Singlesided, Doublesided, and Multilayer, Application, Fuel Type BEVs, HEVs, and ICE, Level of Autonomous Driving Autonomous, Semiautonomous, and Conventional, End User, and Region Global Forecast to 2025 [Report Updated: 24NEXT ARTICLE