The global automotive PCB market size is expected to grow from $8.06 billion in 2021 to $8.56 billion in 2022 at a compound annual growth rate (CAGR) of 6.27%. The global automotive printed circuit boards market size is expected to grow to $11.08 billion in 2026 at a CAGR of 6.64%.
What is the Global Automotive PCB Market?
The automotive PCB market consists of sales of automotive PCB products by entities (organizations, sole proprietors, partnerships) that manufacture and supply printed circuit boards (PCBs) for the automobile industry. Printed circuit boards support, connect and control all the electronic components in automobile vehicles. Printed circuit boards are used in various parts of a vehicle such as airbag controls, anti-lock brake systems, anti-theft systems, audio-video systems, climate control, digital displays, power steering, and many others.
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What drives the Global Automotive PCB Market?
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 the components in the automobile. The growing sales of electric vehicles and battery-operated electric vehicles are directly impacting the demand for automotive PCB. 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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Global Automotive PCB Market Segments
The global automotive PCB market is segmented:
By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
By Application: ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, Powertrain Components
By End-User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
By Geography: The regions covered in the automotive PCB market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Automotive PCB Global Market Report 2022provides market size and growth forecasts for the global automotive PCB market, global automotive PCB market share, automotive PCB market segments and geographies, automotive PCB market competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive PCB market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Automotive PCB Industry Playersinclude Amitron Corp, Chin Poon Industrial Co. Ltd., CMK Corporation, Daeduck Electronics, KCE Electronics, Meiko Electronics Co. Ltd., Nippon Mektron Ltd., Samsung Electro-Mechanics, Tripod Technologies, TTM Technologies, Unimicron, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, and Delphi. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
