|
Forecast Period
|
2024-2028
|
|
Market Size (2022)
|
USD 560 million
|
|
CAGR (2023-2028)
|
5.10%
|
|
Fastest Growing Segment
|
Multi-Layer PCB
|
|
Largest Market
|
West
|
Market Overview
United States Automotive PCB Market has
valued at USD 560 million in 2022 and is anticipated to project robust growth
in the forecast period with a CAGR of 5.10%. Over the next five years, the
demand for increased safety features in cars and the rising popularity of
hybrid and electric vehicles are likely to drive the growth of the US
automotive PCB market. In most electrical applications, the components are
physically supported and wired using a printed circuit board, or PCB. Power
replays, anti-clock braking systems, digital displays, vehicle radars, ECU
control modules, transmission sensors, and stereo audio components of the car
are just a few of the automotive applications where it is used. The industry is
further stimulated by consumers' growing preference for high-tech hybrid and
electrical vehicles as well as lightweight vehicles. In addition, there are new
energy vehicles, driverless automobiles in the future, and networked vehicles.
Key Market Drivers
Rising
Demand for Electric and Hybrid Vehicles
The
automotive industry is undergoing a significant shift towards electric and
hybrid vehicles as part of the global push for cleaner and more sustainable
transportation. PCBs play a crucial role in these vehicles, enabling the
control and management of electric power systems, battery management, and the
integration of various electronic components. PCBs are essential in electric
and hybrid vehicle battery management systems. They monitor battery health,
balance cells, and ensure the safe and efficient operation of the vehicle's
power source. Electric and hybrid vehicles rely on sophisticated power
electronics for motor control, energy conversion, and regenerative braking.
PCBs with advanced thermal management capabilities are crucial in these
applications. Electric vehicles often incorporate advanced ADAS, including
sensors, cameras, and radar systems. These components rely on PCBs for their
operation. The expansion of electric vehicle charging infrastructure across the
United States requires advanced PCBs to support communication, power
distribution, and billing systems. As the demand for electric and hybrid
vehicles continues to grow, the United States Automotive PCB Market is expected
to witness an increase in demand for PCBs that can handle the specific
requirements of these eco-friendly vehicles.
Advancements
in Autonomous Driving Technologies
Autonomous
driving technologies are rapidly evolving, with self-driving vehicles becoming
a reality. PCBs are the backbone of these technologies, facilitating data
processing, sensor fusion, and real-time decision-making. Autonomous vehicles
rely on an array of sensors, including LiDAR, cameras, radar, and ultrasonic
sensors. PCBs play a critical role in processing and fusing data from these
sensors to enable safe navigation. Autonomous vehicles require powerful onboard
computers with advanced PCBs to handle the immense data processing requirements
for real-time decision-making. PCBs are essential for connectivity, enabling
autonomous vehicles to communicate with each other, infrastructure, and
cloud-based platforms for over-the-air updates and sharing vital information. Ensuring
the highest levels of reliability and redundancy is crucial in autonomous
vehicles. PCBs with built-in redundancy features are in demand to enhance
safety. As automakers and tech companies invest in autonomous driving
technology, the United States Automotive PCB Market is set to experience
increased demand for PCBs that can meet the rigorous demands of self-driving
systems.
Rapid
Growth of In-Car Connectivity and Infotainment Systems
The
increasing consumer demand for in-car connectivity and advanced infotainment
systems has fueled the integration of sophisticated PCBs in modern vehicles. Modern
vehicles feature advanced infotainment systems that incorporate touch screens,
navigation, multimedia, and connectivity to smartphones and the internet. PCBs
enable the functionality and connectivity of these systems. With the advent of
5G technology, vehicles are becoming more connected than ever. PCBs with the
capability to support high-speed data transfer are integral to in-car
connectivity. Consumers expect seamless connectivity and user-friendly
interfaces. PCBs with integrated Wi-Fi, Bluetooth, and other wireless
technologies play a key role in enhancing the user experience. High-quality
audio systems, including surround sound and noise cancellation, rely on
advanced PCBs to deliver optimal sound quality. As the demand for in-car
connectivity and advanced infotainment systems continues to grow, the United
States Automotive PCB Market will experience increased demand for PCBs that can
support these technologies.
Stringent
Emission Regulations and Fuel Efficiency Standards
To
meet stringent emission regulations and fuel efficiency standards, automakers
are turning to electronics and PCBs to optimize engine performance and reduce
emissions. PCBs are used extensively in engine control units to monitor and
optimize engine performance, ensuring compliance with emission standards. PCBs
play a role in managing the powertrain, including transmission control and
electric power management in hybrid vehicles. Advanced exhaust gas treatment
systems, such as selective catalytic reduction (SCR), rely on PCBs to control
the injection of urea to reduce emissions. PCBs are designed to be lightweight
and compact, contributing to the overall fuel efficiency of the vehicle. As
emission regulations become stricter, PCBs that can support advanced engine
management and emissions control systems will be in high demand in the United
States Automotive PCB Market.
Increased
Focus on Vehicle Safety and ADAS
Vehicle
safety is a top priority for automakers, and Advanced Driver-Assistance Systems
(ADAS) are at the forefront of enhancing safety. These systems rely heavily on
PCBs to function effectively. PCBs are used in the sensors and cameras that
power ADAS features such as adaptive cruise control, lane-keeping assist, and
automatic emergency braking. ADAS systems require real-time processing of
sensor data, which is made possible through advanced PCBs. To ensure safety,
PCBs used in ADAS applications must be highly reliable and resilient. As safety
regulations evolve, PCBs in ADAS systems must meet the latest standards. The
growing emphasis on vehicle safety and the proliferation of ADAS features will
drive demand for specialized PCBs in the United States Automotive PCB Market.
Environmental
Concerns and Sustainable Manufacturing
Environmental
sustainability is a growing concern in the automotive industry. PCB
manufacturers are adapting by employing eco-friendly materials and processes. The
transition to lead-free PCBs supports environmental sustainability and reduces
hazardous materials in manufacturing. Manufacturers are exploring recyclable
and biodegradable materials for PCBs. Sustainable manufacturing practices are
focused on reducing energy consumption during PCB production. Sustainable
practices include responsible e-waste management to minimize the environmental
impact of electronic components at the end of their life cycle. As
environmental awareness continues to grow, PCB manufacturers and automotive
companies in the United States will seek sustainable and eco-friendly solutions
in the production and use of PCBs.
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Key Market Challenges
Complex
Design and Integration Requirements
Modern
vehicles are equipped with an ever-increasing number of electronic systems,
sensors, and advanced technologies. The design and integration of PCBs in
automobiles have become highly complex due to the need for connectivity,
safety, infotainment, autonomous driving features, and electric power
management. The integration of numerous sensors, including LiDAR, cameras,
radar, ultrasonic sensors, and more, requires PCBs to handle the complexity of
data processing and fusion. PCBs must enable seamless communication between
various systems, from engine control units to infotainment, ADAS, and in-car
connectivity. As vehicles become more compact and lightweight, there is a
growing demand for miniaturized PCBs that can fit into smaller spaces while
maintaining performance. The need for high-speed data transmission within the
vehicle and with external networks poses design and integration challenges for
PCBs.
Reliability
and Durability in Harsh Environments
Vehicles
operate in a wide range of environmental conditions, from extreme temperatures
to vibration, humidity, and exposure to road salts. PCBs in automotive
applications must be highly reliable and durable. Under-hood components and
those in the passenger cabin are subjected to temperature fluctuations that can
affect PCB performance. Automotive PCBs must withstand constant vibration and
shock, which can lead to mechanical stress and solder joint failures. PCBs in
regions with high humidity and exposure to road salts must be resistant to
corrosion. Automotive PCBs are expected to have a long lifespan to match the
average vehicle life of around 10-15 years.
Supply
Chain Disruptions and Component Shortages
The
automotive industry has faced several supply chain disruptions and component
shortages, with ripple effects on PCB manufacturing. These disruptions can be
caused by natural disasters, geopolitical factors, or shifts in demand. The
automotive industry relies on just-in-time manufacturing, which leaves little
room for disruptions in the supply chain. Components for automotive PCBs
are often sourced from various countries, making supply chains vulnerable to
geopolitical events. Shortages of essential components like
semiconductors and other electronic parts can impact PCB manufacturing.
Regulatory
Compliance and Safety Standards
The
automotive industry is subject to rigorous safety and environmental
regulations. Compliance with these standards is vital but can be challenging
for PCB manufacturers. Vehicles must meet strict emission standards,
necessitating complex engine control units and exhaust gas treatment systems,
which rely on advanced PCBs. Ensuring safety in vehicles with advanced features
like ADAS and autonomous driving requires adherence to evolving safety
standards. As vehicles become more connected, ensuring cybersecurity standards
are met is a growing concern. Eco-friendly regulations and standards require
manufacturers to use recyclable or biodegradable materials in PCBs.
Quality
Control and Testing
Ensuring
the quality of PCBs is critical for the safe and reliable operation of
vehicles. This involves thorough testing and quality control processes, which
can be time-consuming and resource intensive. PCBs in modern vehicles are
highly complex, requiring comprehensive testing processes to identify defects
or failures. The demand for fast and efficient testing methods that don't
compromise quality is a significant challenge. As vehicles evolve, PCBs need to
adapt to new technologies and standards, requiring adjustments in testing
procedures. In case of defects or failures, detailed failure analysis is
necessary to determine root causes.
Environmental
Sustainability
The
automotive industry, including PCB manufacturing, is under pressure to adopt
environmentally sustainable practices. PCB materials, manufacturing processes,
and end-of-life disposal must align with sustainability goals. Moving away from
lead-based materials in PCB manufacturing supports environmental
sustainability. Exploring recyclable or biodegradable materials for PCBs aligns
with sustainability goals. Responsible e-waste management and recycling
practices are essential for minimizing the environmental impact of PCB
disposal.
Key Market Trends
Rapid
Electrification of Vehicles
The
shift towards electric vehicles (EVs) is one of the most prominent trends in
the automotive industry. As automakers invest heavily in electrification, PCBs
are playing a critical role in the development and operation of electric
vehicles. Electric vehicles rely on complex battery management systems that
monitor cell health, manage charging and discharging, and ensure safety. PCBs
are central to BMS functionality. EVs require power electronics for motor
control, energy conversion, and regenerative braking. PCBs with advanced
thermal management capabilities are essential in these applications. The growth
of EVs demands an expansion of charging infrastructure. PCBs are used in
charging stations and communication systems to support the charging network. PCBs
designed for high-voltage applications are in demand to handle the specific
requirements of electric vehicles. As the electrification of vehicles continues
to gain momentum, the United States Automotive PCB Market will see increased
demand for PCBs that can meet the unique needs of electric power systems.
Advancements
in Autonomous Driving Technologies:
Autonomous
driving technologies are evolving rapidly, and self-driving vehicles are
becoming more of a reality. PCBs are at the forefront of these innovations,
supporting data processing, sensor fusion, and real-time decision-making. Autonomous
vehicles rely on an array of sensors, including LiDAR, cameras, radar, and
ultrasonic sensors. PCBs are critical for processing and fusing data from these
sensors to enable safe navigation. Autonomous vehicles require powerful onboard
computers with advanced PCBs to handle the extensive data processing
requirements for real-time decision-making. PCBs play a central role in the
connectivity of autonomous vehicles, enabling communication between vehicles,
infrastructure, and cloud-based platforms. Ensuring the highest levels of
reliability and redundancy is essential for the safety of autonomous vehicles.
PCBs with built-in redundancy features are in demand to enhance safety. As
automakers and technology companies continue to invest in autonomous driving
technology, the United States Automotive PCB Market will experience a surge in
demand for PCBs designed to meet the rigorous requirements of self-driving
systems.
In-Car
Connectivity and Advanced Infotainment Systems
The
demand for in-car connectivity and advanced infotainment systems is growing
rapidly, driven by consumer preferences for a connected driving experience.
PCBs are essential in supporting these features. Modern vehicles are equipped
with advanced infotainment systems that include touch screens, navigation,
multimedia, and connectivity to smartphones and the internet. PCBs enable the
functionality and connectivity of these systems. The advent of 5G technology is
making vehicles more connected than ever. PCBs with high-speed data transfer
capabilities are integral to in-car connectivity. Consumers expect seamless
connectivity and user-friendly interfaces. PCBs with integrated Wi-Fi,
Bluetooth, and other wireless technologies are crucial for enhancing the user
experience. High-quality audio systems, including surround sound and noise
cancellation, rely on advanced PCBs to deliver optimal sound quality. The
increasing consumer demand for in-car connectivity and advanced infotainment
systems will drive the United States Automotive PCB Market to see increased
demand for PCBs that can support these technologies.
Stringent
Emission Regulations and Fuel Efficiency Standards
The
need to meet stringent emission regulations and fuel efficiency standards is
pushing automakers to turn to electronics and PCBs to optimize engine
performance and reduce emissions. PCBs are used extensively in engine control
units to monitor and optimize engine performance, ensuring compliance with
emission standards. PCBs play a role in managing the powertrain, including
transmission control and electric power management in hybrid vehicles. Advanced
exhaust gas treatment systems, such as selective catalytic reduction (SCR),
rely on PCBs to control the injection of urea to reduce emissions. PCBs designed
to be lightweight and compact contribute to the overall fuel efficiency of the
vehicle. As emission regulations become stricter, PCBs that can support
advanced engine management and emissions control systems will be in high demand
in the United States Automotive PCB Market.
Increased
Focus on Vehicle Safety and ADAS
Vehicle
safety is a top priority for automakers, and Advanced Driver-Assistance Systems
(ADAS) are at the forefront of enhancing safety. These systems rely heavily on
PCBs to function effectively. PCBs are used in the sensors and cameras that
power ADAS features such as adaptive cruise control, lane-keeping assist, and
automatic emergency braking. ADAS systems require real-time processing of
sensor data, which is made possible through advanced PCBs. To ensure safety,
PCBs used in ADAS applications must be highly reliable and resilient. As safety
regulations evolve, PCBs in ADAS systems must meet the latest standards. The
growing emphasis on vehicle safety and the proliferation of ADAS features will
drive demand for specialized PCBs in the United States Automotive PCB Market.
Environmental
Sustainability
Environmental
sustainability is a growing concern in the automotive industry, and this
extends to PCB manufacturing. PCB materials, processes, and end-of-life
disposal must align with sustainability goals. Moving away from lead-based
materials in PCB manufacturing supports environmental sustainability. Exploring
recyclable or biodegradable materials for PCBs aligns with sustainability
goals. Sustainable manufacturing practices are focused on reducing energy
consumption during PCB production. Responsible e-waste management and recycling
practices are essential for minimizing the environmental impact of electronic
components at the end of their life cycle. As environmental awareness continues
to grow, PCB manufacturers and automotive companies in the United States are
seeking sustainable and eco-friendly solutions in the production and use of
PCBs.
Segmental Insights
Type Insights
Single-Layer
PCBs dominate the market. Single-layer PCBs, also known as single-sided PCBs,
consist of a single layer of conductive material (usually copper) on one side
of an insulating substrate. Single-layer PCBs are commonly used in basic
automotive applications, such as power distribution, lighting control, and some
sensors. They are cost-effective and relatively simple to manufacture.
Double-layer PCBs consist of two layers of conductive material separated by an
insulating layer. They are commonly used in various automotive systems. Double-layer
PCBs are suitable for more complex applications, including infotainment
systems, engine control units, and some ADAS components. They provide increased
functionality and flexibility while still being cost-effective. Limited
compared to multi-layer PCBs in terms of complexity. Multi-layer PCBs have
three or more layers of conductive material separated by insulating layers,
allowing for more complex circuits. Multi-layer PCBs are used in advanced
automotive systems, including ADAS, autonomous driving, infotainment, and
complex engine control units. They offer high functionality, smaller form
factors, and support for high-speed data transfer. More complex and costly to
manufacture compared to single or double-layer PCBs.
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Regional Insights
The West
region dominates the market. California and Silicon Valley: The West Coast,
particularly California, is a hub for electric and autonomous vehicle
development. PCB demand is high due to the presence of numerous tech companies
and startups. These PCBs are used in autonomous driving systems, electric
powertrains, and advanced infotainment. The Midwest, with states like Michigan,
Ohio, and Indiana, is known for its automotive manufacturing. PCBs are widely
used in engine control units, powertrain systems, and advanced safety features.
The region's focus on traditional and electric vehicle manufacturing drives
significant demand. The Northeast, including states like New York and Massachusetts,
is home to leading research institutions and tech companies. PCBs are used in
R&D for autonomous driving technologies, AI integration, and innovative
infotainment systems. Southern states like Texas and Tennessee are major hubs
for automotive manufacturing and logistics. PCBs are essential in engine
control, telematics, and supply chain management systems, given the high
concentration of distribution centers and shipping hubs.
Recent Developments
- Meiko Electronics said in June 2021 that
it would invest a total of USD 453.72 million over the fiscal years 2021 to
2024, with an emphasis on increasing automotive PCB capacity to fulfill the
high demand for ADAS and electrical vehicle applications.
- Samsung Electro-Mechanics Company
revised its expansion strategy in February 2021 by using an online promotion
program called MLCC through a European electronic component medium. Samsung
Electro-Mechanics intends to improve its capabilities for international
marketing starting with this promotion.
Key Market Players
- Samsung Electro-Mechanics
- Delphi
- Chin Poon Industrial
- Daeduck Electronics
- Nippon Mektron
- Amitron
- CMK
- Unimicron Technology
- Meiko Electronics
- KCE Electronics
By Type
|
By Level of
Autonomous
|
By Application Type
|
By Propulsion Type
|
By Region
|
- Single-Sided PCB
- Double-Sided PCB
- Multi-Layer PCB
|
- Autonomous Vehicles
- Conventional Vehicles
|
- Body, Comfort &
Vehicle Lighting
- Powertrain Components
- Infotainment
Components
- ADAS & Basic
Safety Bread
|
|
- South
- West
- Mid-West
- Northeast
|
Report Scope:
In this report, the United States Automotive PCB Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- United States Automotive PCB
Market, By
Type:
o Single-Sided PCB
o Double-Sided PCB
o Multi-Layer PCB
- United States Automotive PCB
Market, By
Level of Autonomous:
o Autonomous Vehicles
o Conventional Vehicles
- United States Automotive PCB
Market, By
Application Type:
o Body, Comfort & Vehicle Lighting
o Powertrain Components
o Infotainment Components
o ADAS & Basic Safety Bread
- United States Automotive PCB
Market, By
Propulsion Type:
o ICE
o BEV
o HEV
- United States Automotive PCB
Market, By Region:
o South
o West
o Mid-West
o Northeast
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents
in the United States Automotive PCB Market.
Available Customizations:
United States Automotive PCB Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India United States Automotive PCB Market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]