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.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Automotive PCB Market.”
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.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“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.
Contact
Mr. Ken Mathews
708 Third
Avenue,
Manhattan, NY,
New York 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com