Passenger Car Segment to Continue Dominating India Automotive PCB (Printed Circuit Board) Market through 2024
Increasing automobile
production and rising government rules and regulations towards vehicle safety
to drive India automotive PCB (printed circuit board) through FY2024
According
to TechSci Research report, “India
Automotive PCB (Printed Circuit Board) Market By Vehicle Type, By
Application, By Sidewise, By Demand Category, Competition, Forecast &
Opportunities, FY2024”, India automotive PCB (printed circuit
board) market is projected to cross $ 16 billion by 2024 on account of rising automobile
production and sales, increasing adoption of electronic components in vehicles
and growing penetration of electric vehicles across the country. Additionally, government of India is
focusing on more stringent safety standards in vehicles to reduce rising cases
of road accidents. For instance, the government has mandated the use of ABS,
Airbags, etc., in vehicles, which is further anticipated to compliment India automotive PCB (printed
circuit board) market over the next five years.
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through 90 Pages and an in-depth TOC on "India Automotive PCB Market"
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Among
vehicles, passenger car segment dominated India automotive PCB (printed circuit
board) market with more than 60% market share in FY2018. Dominance of this
segment is led by increasing adoption of electronic components in passenger cars.
India automotive PCB market is witnessed to be largely concentrated in the North
region owing to the region’s high automotive production as major OEMs are
present in the North. Rising presence of various companies such as Continental Automotive Components India Pvt. Ltd, DENSO TEN
Limited, Rane TRW Steering Systems Limited, ROBERT BOSCH GmbH, Autoliv India
Private Limited, Panasonic Corporation, Visteon Corporation, Aptiv PLC, Mitsubishi
Electric Automotive India Pvt. Ltd, BorgWarner Cooling Systems India Private
Ltd., etc., and their increasing operations in India automotive
electronics components market is further anticipated to intensify competition
in India automotive PCB market over the next five years.
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“Increasing
adoption of smart electronic components in vehicle dashboards, even in
two-wheeler segment, and rising inclination towards electric vehicles is
pushing demand for automotive PCB (printed circuit board) market in India.
Moreover, growing penetration of smart phones and internet, which is resulting in
surging demand for smart and connected vehicles in India, is further expected
to back the growth of India automotive PCB (printed circuit board) market during
the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Automotive
PCB (Printed Circuit Board) Market By Vehicle Type, By Application, By
Sidewise, By Demand Category, Competition, Forecast & Opportunities, FY2024” has analyzed the potential of India automotive
PCB market, and provides statistics and information on market sizes, shares and
trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by India automotive
printed circuit board market.
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