The Automotive PCB Global Market Report 2023 by The Business Research Company, provides automotive pcb market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Automotive PCB Global Market Report 2023, the global automotive PCB market size grew from $8.7 billion in 2022 to $9.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive PCB is expected to grow to $13.08 billion in 2027 at a CAGR of 8.5%.
The rise in demand for hybrid electric vehicles and battery-operated electric vehicles is expected to propel the growth of the automotive PCB market. PCBs play a major role in the automotive industry, as they are essential for the functionality of sensors and other components in the automobile. The growing sales of electric vehicles and battery-operated electric vehicles are directly impacting the demand for automotive PCBs. According to a study by JP Morgan, by 2025, EVs and HEVs will account for an estimated 30% of all vehicle sales. Therefore, the rise in demand for hybrid electric vehicles and battery-operated electric vehicles is driving the growth of the automotive PCB market.
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The automotive pcb market is segmented:
1) By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
2) By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
3) By Application: ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, Powertrain Components
4) By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
The rise in adoption of Advanced Driver Assistance Systems (ADAS) is one of the key trends in the automotive PCB market. The use of PCB in ADAS systems is expected to grow significantly going forward, and companies are focusing on expanding the capacity of automotive PCB to meet the rising demand for ADAS technologies. For example, in 2021, Meiko Electronics, a Japan-based PCB manufacturer, announced plans to open new PCB manufacturing plants in Vietnam and Japan to expand its production capacity of PCB products due to the rising demand for ADAS and EV applications.
Top 5 Major Key Players Are:
Amitron Corp
Chin Poon Industrial Co. Ltd
CMK Corporation
Daeduck Electronics
KCE Electronics
Table Of Contents
1. Executive Summary
2. Automotive PCB Market Characteristics
3. Automotive PCB Market Trends And Strategies
4. Automotive PCB Market – Macro Economic Scenario
5. Automotive PCB Market Size And Growth
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26. Africa Automotive PCB Market
27. Automotive PCB Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive PCB Market
29. Automotive PCB Market Future Outlook and Potential Analysis
30. Appendix
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