Press Release

Global Automotive PCB Market to Grow with a CAGR of 5.8% through 2028

The Global Automotive PCB (Printed Circuit Board) Market is primarily driven by the increasing adoption of electric and autonomous vehicles, which rely heavily on advanced PCBs to support complex electronics and sensor systems. Additionally, the rising demand for in-car connectivity, infotainment systems, and advanced driver-assistance features is fuelling the need for more sophisticated PCBs in modern vehicles, contributing to market growth.

  

According to TechSci Research report, “Global Automotive PCB Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive PCB Market stood at USD 6.5 Billion in 2022 and is anticipated to grow with a CAGR of 5.8% in the forecast period, 2024-2028. The global automotive PCB (Printed Circuit Board) market is experiencing robust growth due to the increased adoption of advanced electronics in vehicles. This trend is driven by various factors, including the rising trend of vehicle electrification, the proliferation of electric and hybrid vehicles, and the growing consumer demand for safety and comfort features in their cars.

One of the key drivers of market growth is the rising trend of vehicle electrification. As the automotive industry shifts towards greener and more sustainable transportation options, there is a growing demand for electric and hybrid vehicles. These vehicles rely heavily on advanced electronics and sophisticated PCBs to power their electric drivetrains, manage energy storage systems, and control various vehicle functions. This increasing adoption of electric and hybrid vehicles is expected to fuel the demand for automotive PCBs in the coming years.

Additionally, the growing consumer demand for safety and comfort features in vehicles is also contributing to the market growth of automotive PCBs. Modern cars are equipped with a wide range of features such as advanced driver assistance systems (ADAS), infotainment systems, and connectivity solutions. These features rely on complex electronic systems and PCBs to function effectively. As consumers seek enhanced safety, convenience, and entertainment options in their cars, the demand for advanced electronics and PCBs in the automotive industry is expected to rise.

Furthermore, advancements in autonomous driving technology and the integration of the Internet of Things (IoT) in automotive systems are also significant drivers for the automotive PCB market. Autonomous vehicles require sophisticated electronic systems and PCBs to enable various functionalities, including sensor fusion, real-time data processing, and decision-making algorithms. Moreover, the integration of IoT technology in cars allows for enhanced connectivity, data sharing, and remote control capabilities, all of which rely on advanced electronic components and PCBs.

In conclusion, the global automotive PCB market is experiencing growth due to the increased adoption of advanced electronics in vehicles. Factors such as the rising trend of vehicle electrification, the proliferation of electric and hybrid vehicles, the growing demand for safety and comfort features, advancements in autonomous driving technology, and the integration of IoT in automotive systems are driving the market forward. As the automotive industry continues to evolve, the demand for innovative PCB solutions in vehicles is expected to grow further, creating opportunities for manufacturers and suppliers in this market segment.

 

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The Global Automotive Printed Circuit Board (PCB) Market is a vital component of the automotive electronics industry, serving as the foundational technology behind the electronic systems in modern vehicles. PCBs are essential for connecting and supporting various electronic components, ensuring the functionality of critical systems such as engine control, safety features, infotainment, and connectivity. This market overview provides valuable insights into the dynamics, drivers, challenges, and trends shaping the Global Automotive PCB Market.

The Global Automotive PCB Market has been experiencing robust growth in recent years, driven by the increasing electronic content in vehicles and the industry's transition towards electric and autonomous vehicles. As vehicles become more technology-driven, the demand for PCBs continues to rise. The market represents a significant share of the global automotive industry, reflecting its critical role in vehicle design and innovation.

Rapid technological advancements are a defining characteristic of the Automotive PCB Market. PCBs have evolved from basic single-layer boards to highly complex, multi-layer designs that support advanced electronic functions. Miniaturization, increased component density, and enhanced materials have enabled PCBs to accommodate the diverse and sophisticated electronic systems found in modern vehicles.

The global push for sustainable transportation has led to the electrification of vehicles, including hybrid and electric cars. As a result, automotive PCBs have had to adapt to manage the unique demands of electric powertrains, battery management systems, and charging infrastructure. The electrification trend has significantly expanded the scope of the Automotive PCB Market.

Autonomous driving technology represents a paradigm shift in the automotive industry, and PCBs play a pivotal role in its realization. Autonomous vehicles rely on a multitude of sensors, cameras, and control systems that generate and process vast amounts of data in real-time. PCBs are critical for sensor integration, data processing, and decision-making, making them indispensable for autonomous driving.

Vehicle safety and ADAS have become top priorities for automakers and consumers alike. Automotive PCBs are integral to the functioning of ADAS features such as adaptive cruise control, collision avoidance systems, and lane-keeping assist. The increasing demand for safety features is fueling the development of specialized PCBs optimized for ADAS applications.

Today's consumers expect vehicles to offer seamless connectivity and advanced infotainment options. PCBs enable the integration of smartphone connectivity, touchscreen displays, voice recognition, and in-car Wi-Fi, delivering an enhanced in-car experience. The Automotive PCB Market is influenced by consumer preferences for technology-rich vehicles.

Sustainability and environmental concerns are shaping the Automotive PCB Market. PCB manufacturers and automakers are increasingly adopting eco-friendly materials, energy-efficient production processes, and recycling initiatives to reduce the environmental impact of PCBs throughout their lifecycle. This aligns with broader industry goals to reduce the carbon footprint of vehicles.

The automotive industry is subject to stringent regulatory standards, including safety, emissions, and electromagnetic compatibility (EMC) regulations. PCBs used in vehicles must comply with these standards, which can vary by region and market. Ensuring that PCBs meet the necessary regulatory requirements is a complex challenge that requires rigorous testing and validation.

The global supply chain, including PCB manufacturing, is subject to various challenges, such as disruptions due to natural disasters, trade tensions, and component shortages. These disruptions can impact production schedules and lead to increased costs. Managing supply chain risks and ensuring a resilient supply chain is crucial for the Automotive PCB Market.

The Automotive PCB Market is highly competitive, with numerous manufacturers and suppliers vying for market share. Intense competition can lead to price wars, emphasizing the importance of innovation and product differentiation. Companies that offer advanced PCB solutions and excel in quality and reliability gain a competitive edge in the market.

In conclusion, the Global Automotive PCB Market is integral to the automotive industry's evolution, driven by technological advancements, electrification, autonomous driving, safety demands, connectivity, sustainability, and regulatory compliance. As vehicles become more sophisticated and interconnected, PCBs will continue to play a central role in shaping the future of automotive innovation and mobility. Manufacturers and stakeholders in the Automotive PCB Market must remain agile and adaptive to meet the evolving needs of the automotive industry.

 

Major companies operating in Global Automotive PCB Market are:  

  • Infineon Technologies AG
  • Samsung Electro Mechanics
  • CMK Corporation
  • Amitron Corporation
  • KCE Group
  • Deaduck Phil. Inc.
  • MEIKO ELECTRONICS Co., Ltd.
  • CHIN POON Industrial Co., Ltd.
  • Unimicron Group
  • STMicroelectronics N.V.

 

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 “The global automotive PCB market is primarily driven by increased adoption of advanced electronics in vehicles. Factors such as the rising trend of vehicle electrification, the proliferation of electric and hybrid vehicles, and the growing demand for safety and comfort features are propelling the market growth. Furthermore, advancements in autonomous driving technology and the integration of IoT in automotive systems also serve as significant drivers for this market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.    

Global Automotive PCB Market By Vehicle Type (Passenger Car and Commercial Vehicle), By Propulsion Type (IC Engine and Electric), By Regional, By Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Automotive PCB Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Automotive PCB Market.                  

 

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The Global Automotive PCB (Printed Circuit Board) Market is primarily driven by the increasing adoption of electric and autonomous vehicles, which rely heavily on advanced PCBs to support complex electronics and sensor systems. Additionally, the rising demand for in-car connectivity, infotainment systems, and advanced driver-assistance features is fueling the need for more sophisticated PCBs in modern vehicles, contributing to market growth.

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