HOME Top Market Reports Automotive PCB Market by Type (Single-sided, Double-sided, and Multi-layer), Application, Fuel Type (BEVs, HEVs, and ICE), Level of Autonomous Driving (Autonomous, Semi-autonomous, and Conventional), End User, and Region – Global Forecast to 2025

Automotive PCB Market by Type (Single-sided, Double-sided, and Multi-layer), Application, Fuel Type (BEVs, HEVs, and ICE), Level of Autonomous Driving (Autonomous, Semi-autonomous, and Conventional), End User, and Region – Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: AT 5922

 

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The automotive PCB market was valued at USD 7.43 Billion in 2016 and is projected to reach USD 12.43 Billion by 2025, growing at a CAGR of 5.33% during the forecast period. The base year for the report is 2016 and the forecast period is 2017 to 2025.

Objectives of the Report

  • To define, segment, and forecast the automotive PCB market (2017–2025) in terms of volume (million units) and value (USD million)
  • To provide detailed analyses of the various forces acting in the automotive PCB market (drivers, restraints, opportunities, and challenges)
  • To segment the automotive PCB market and forecast its size, by application, type, fuel type, level of autonomous driving, end-user, and region (Asia Pacific, Europe, North America, and the rest of the world)
  • To segment the automotive PCB market and forecast the market size, by volume and value, based on application-ADAS and basic safety, body, comfort, vehicle lighting, infotainment components, and powertrain components
  • To segment the automotive PCB market and forecast the market size, by volume and value, based on PCB type- single-sided PCB, double-sided PCB, and multi-layer PCB
  • To segment the automotive PCB market and forecast the market size, by volume and value, based on fuel type-BEV, hybrid, and ICE
  • To segment the automotive PCB market and forecast the market size, by volume and value, based on end-user-economic light duty vehicles, mid-priced light duty vehicles, and luxury light duty vehicles
  • To segment the automotive PCB market and forecast the market size, by volume and value, based on level of autonomous driving-autonomous, conventional, and semi-autonomous
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants

The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for the purpose of data triangulation. The study involves the country-level OEM and model-wise analysis of automotive PCB market. This analysis involves historical trends as well as existing market penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and adoption rate by OEMs. The analysis has been discussed with and validated by primary respondents, including experts from the automotive industry, manufacturers, and suppliers. Secondary sources include associations such as China Association of Automobile Manufacturers (CAAM), International Organization of Motor Vehicle (OICA), European Automobile Manufacturers Association (EAMA), Environmental Protection Agency (EPA), Society of Indian automotive manufacturers, SAE International, and paid databases and directories such as Factiva.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive PCB Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the PCB market for automotive consists of automotive PCB manufactures such as CMK (Japan), Chin Poon Industrial (Taiwan), Meiko Electronics (Japan), Nippon Mektron (Japan), and KCE Electronics (Thailand). The automotive PCBs are supplied to the Tier 1 companies manufacturing electronic systems and to the automotive OEMs.

To know more about the assumptions considered for this research report, download the pdf brochure.

Target AudiencE

  • Automotive PCB Manufacturers
  • Automotive Cockpit Electronics Manufacturers
  • Automotive Powertrain Manufacturers
  • Automotive Safety and Comfort System Manufacturers
  • Industry Associations
  • Raw Material Suppliers for Automotive PCB Manufacturers
  • The Automobile Industry as an End User, Traders, Distributors, and Suppliers of Automotive PCBs

Scope of the Report

  • Automotive PCB market, By Type
    • Double-Sided PCB
    • Multi-Layer PCB
    • Single-Sided PCB
  • Automotive PCB market, By Fuel Type
    • BEV
    • Hybrid
    • ICE
  • Automotive PCB market, By End User
    • Economic Light Duty Vehicles
    • Luxury Light Duty Vehicles
    • Mid-Priced Light Duty Vehicles
  • Automotive PCB market, By Application
    • ADAS and Basic Safety
    • Body, Comfort, and Vehicle Lighting
    • Infotainment Components
    • Powertrain Components
  • Automotive PCB market, By Level of Autonomous Driving
    • Autonomous Vehicles
    • Conventional Vehicles
    • Semi-Autonomous Vehicles
  • Automotive PCB market, By Region
    • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)
    • Europe (Germany, France, Italy, the UK, and Rest of Europe)
    • North America (US, Mexico, and Canada)
    • Rest of the World (Brazil, Russia, and South Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

  • Automotive PCB market for heavy commercial vehicles, by region
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World
  • automotive pcb market for battery electric vehicles, by Region
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Market Segmentation
           1.4.1 Years Considered for the Study
    1.5 Currency
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Data Triangulation
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand-Side Analysis
                    2.5.2.1 Growing Demand for Safety Features
                    2.5.2.2 Growth in Luxury Vehicle Sales
           2.5.3 Supply-Side Analysis
                    2.5.3.1 Focus On Comfort and  Convenience Features in Vehicles By OEMs
                    2.5.3.2 Technological Advances in the Automotive Industry
    2.6 Market Size Estimation
    2.7 Assumptions

3 ExECUtive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Automotive PCB Market
    4.2 Automotive PCB Market, By Region
    4.3 Automotive PCB Market, By Country
    4.4 Automotive PCB Market, By Level of Autonomous Driving
    4.5 Automotive PCB Market, By End Market
    4.6 Automotive PCB Market, By Fuel Type
    4.7 Automotive PCB Market, By Application
    4.8 Automotive PCB Market, By Type

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increased Incorporation of Advanced Safety, Convenience, and  Comfort Systems
                    5.2.1.2 Growing Demand for Electric Vehicles
           5.2.2 Restraints
                    5.2.2.1 Increasing Consumer Preference for BYOD
                    5.2.2.2 Operation Failure in PCBs
           5.2.3 Opportunities
                    5.2.3.1 Advent of Concept Cars and  Autonomous Vehicles
                    5.2.3.2 Increasing Rate of Installation of Advanced Applications in Luxury and  Mid-Range Vehicles
           5.2.4 Challenges
                    5.2.4.1 Growing Trend of Ecu Consolidation
                    5.2.4.2 Cost and  Quality Trade-Off in the Manufacture of PCBs

6 Technological Overview (Page No. - 50)
    6.1 Introduction
    6.2 Automotive PCB Market: Segmentation
           6.2.1 Rigid PCB
           6.2.2 Flexible PCB
           6.2.3 Rigid-Flex PCB
           6.2.4 Single-Sided PCB
           6.2.5 Double-Sided PCB
           6.2.6 Multi-Layer PCB

7 Automotive PCB Market, By Type (Page No. - 54)
    7.1 Introduction
    7.2 Double-Sided PCB
    7.3 Multi-Layer PCB
    7.4 Single-Sided PCB

8 Automotive PCB Market, By Application (Page No. - 60)
    8.1 Introduction
    8.2 Adas and  Basic Safety
    8.3 Body, Comfort and  Vehicle Lighting
    8.4 Infotainment Components
    8.5 Powertrain Components

9 Automotive PCB Market, By Fuel Type (Page No. - 67)
    9.1 Introduction
    9.2 Bevs
    9.3 Hevs
    9.4 Ice Vehicles

10 Automotive PCB Market, By Level of Autonomous Driving (Page No. - 74)
     10.1 Introduction
     10.2 Autonomous Vehicles
     10.3 Conventional Vehicles
     10.4 Semi-Autonomous Vehicles

11 Automotive PCB Market, By End User & Region (Page No. - 81)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 India
             11.2.3 Japan
             11.2.4 South Korea
             11.2.5 Rest of Asia Pacific
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 Italy
             11.3.4 UK
             11.3.5 Rest of Europe
     11.4 North America
             11.4.1 Canada
             11.4.2 Mexico
             11.4.3 US
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
             11.5.2 Russia
             11.5.3 South Africa

12 Competitive Landscape (Page No. - 110)
     12.1 Introduction
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario

13 Company Profiles (Page No. - 114)
     13.1 Delphi
     13.2 Samsung Electro-Mechanics
     13.3 CMK
     13.4 Unimicron Technology
     13.5 Meiko Electronics
     13.6 Chin Poon Industrial
     13.7 KCE Electronics
     13.8 Daeduck Electronics
     13.9 Tripod Technology
     13.10 Nippon Mektron
     13.11 Amitron

14 Appendix (Page No. - 136)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
             14.5.1 Automotive PCB Market for Heavy Commercial Vehicles, By Region
                        14.5.1.1 Asia Pacific
                        14.5.1.2 Europe
                        14.5.1.3 North America
                        14.5.1.4 Rest of the World
             14.5.2 Automotive PCB Market for Battery Electric Vehicles, By Region
                        14.5.2.1 Asia Pacific
                        14.5.2.2 Europe
                        14.5.2.3 North America
                        14.5.2.4 Rest of the World
     14.6 Related Reports
     14.7 Author Details


List of Tables (89 Tables)

Table 1 Currency Exchange Rates (Wrt USD)
Table 2 Regulations for Driving Assistance Safety Systems
Table 3 Automotive PCB Market Size, By Type, 2015–2025 (Million Units)
Table 4 Automotive PCB Market Size, By Type, 2015–2025 (USD Million)
Table 5 Double-Sided PCB: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 6 Double-Sided PCB: Automotive PCB Market Size, By Region, 2015–2025(USD Million)
Table 7 Multi-Layer PCB: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 8 Multi-Layer PCB: Automotive PCB Market Size, By Region, 2015–2025(USD Million)
Table 9 Single-Sided PCB: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 10 Single-Sided PCB: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 11 Automotive PCB Market Size, By Application, 2015–2025 (Million Units)
Table 12 Automotive PCB Market Size, By Application, 2015–2025 (USD Million)
Table 13 Adas and Basic Safety: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 14 Adas and Basic Safety: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 15 Body, Comfort and Vehicle Lighting: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 16 Body, Comfort and Vehicle Lighting: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 17 Infotainment Components: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 18 Infotainment Components: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 19 Powertrain Components: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 20 Powertrain Components: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 21 Automotive PCB Market Size, By Fuel Type, 2015–2025 (Million Units)
Table 22 Automotive PCB Market Size, By Fuel Type, 2015–2025 (USD Million)
Table 23 Bevs: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 24 Bev: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 25 Hevs: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 26 Hevs: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 27 Ice Vehicles: Automotive PCB Market Size, By Region, 2015–2025 (Million Units)
Table 28 Ice Vehicles: Automotive PCB Market Size, By Region, 2015–2025 (USD Million)
Table 29 Automotive PCB Market, By Level of Autonomous Driving, 2015–2025 (Million Units)
Table 30 Automotive PCB Market, By Level of Autonomous Driving, 2015–2022 (USD Million)
Table 31 Autonomous Vehicles: Automotive PCB Market, By Region, 2015–2025 (Million Units)
Table 32 Autonomous Vehicles: Automotive PCB Market, By Region, 2015–2025 (USD Million)
Table 33 Conventional Vehicles: Automotive PCB Market, By Region, 2015–2025 (Million Units)
Table 34 Conventional Vehicles: Automotive PCB Market, By Region, 2015–2025 (USD Million)
Table 35 Semi-Autonomous Vehicles: Automotive PCB Market, By Region, 2015–2025 (Million Units)
Table 36 Semi-Autonomous Vehicles: Automotive PCB Market, By Region, 2015–2025 (USD Million)
Table 37 Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 38 Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 39 Automotive PCB Market, By Region, 2015–2025 (Million Units)
Table 40 Automotive PCB Market, By Region, 2015–2025(USD Million)
Table 41 Asia Pacific: Automotive PCB Market, By Country, 2015–2025 (Million Units)
Table 42 Asia Pacific: Automotive PCB Market, By Country, 2015–2025 (USD Million)
Table 43 Asia Pacific: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 44 Asia Pacific: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 45 China: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 46 China: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 47 India: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 48 India: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 49 Japan: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 50 Japan: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 51 South Korea: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 52 South Korea: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 53 Rest of Asia Pacific: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 54 Rest of Asia Pacific: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 55 Europe: Automotive PCB Market, By Country, 2015–2025 (Million Units)
Table 56 Europe: Automotive PCB Market, By Country, 2015–2025 (USD Million)
Table 57 Europe: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 58 Europe: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 59 France: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 60 France: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 61 Germany: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 62 Germany: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 63 Italy: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 64 Italy: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 65 UK: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 66 UK: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 67 Rest of Europe: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 68 Rest of Europe: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 69 North America: Automotive PCB Market, By Country, 2015–2025 (Million Units)
Table 70 North America: Automotive PCB Market, By Country, 2015–2025 (USD Million)
Table 71 North America: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 72 North America: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 73 Canada: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 74 Canada: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 75 Mexico: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 76 Mexico: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 77 Us: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 78 Us: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 79 RoW: Automotive PCB Market, By Country, 2015–2025 (Million Units)
Table 80 RoW: Automotive PCB Market, By Country, 2015–2025 (USD Million)
Table 81 RoW: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 82 RoW: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 83 Brazil: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 84 Brazil: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 85 Russia: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 86 Russia: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 87 South Africa: Automotive PCB Market, By End-User, 2015–2025 (Million Units)
Table 88 South Africa: Automotive PCB Market, By End-User, 2015–2025 (USD Million)
Table 89 Competitive Business Strategy Landscape


List of Figures (54 Figures)

Figure 1 Automotive PCB Market: Market Segmentation
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Luxury Vehicle Y-O-Y Sales GRoWth (2011–2016)
Figure 6 Automotive PCB Market: Bottom-Up Approach
Figure 7 Automotive PCB Market: Top-Down Approach
Figure 8 The Adas & Basic Safety Segment to Drive the GRoWth of the Automotive PCB Market, 2017 vs 2025 (USD Million)
Figure 9 The Ice Vehicle Segment to Be the Largest Contributor to the Automotive PCB Market, 2017 vs 2025 (USD Million)
Figure 10 Multi-Layer PCBs to Be the Fastest Growing Segment of the Automotive PCB Market, 2017 vs 2025 (USD Million)
Figure 11 Luxury Light Duty Vehicles to Be the Largest Contributor to the Automotive PCB Market, 2017 vs 2025 (USD Million)
Figure 12 Asia Pacific to Hold the Largest Share of the Automotive PCB Market, By Region, 2017 vs 2025 (USD Million)
Figure 13 Increasing Adoption of Multi-Layer PCBs By Component Manufacturers to Drive the Market in the Next 5 Years
Figure 14 Asia Pacific to Be the Largest Automotive PCB Market, 2017 (By Value)
Figure 15 The Chinese Market is Expected to Grow at the Highest Cagr During the Forecast Period (By Value)
Figure 16 The Conventional Vehicles Market is Expected to Be the Largest During the Forecast Period, 2017 vs 2025 (By Value)
Figure 17 Luxury Light Duty Vehicles to Hold the Largest Market Share, 2017 vs 2025 (By Value)
Figure 18 The Ice Vehicles Segment is Expected to Lead the Market, 2017 vs 2025 (By Value)
Figure 19 The Adas & Basic Safety Segment to Have the Largest Market Size, 2017 vs 2025 (By Value)
Figure 20 The Multi-Layer PCB Segment to Have the Largest Market Size, 2017 vs 2025 (By Value)
Figure 21 Automotive PCB Market: Market Dynamics
Figure 22 BEV Sales in Major Regions, 2017 vs 2022
Figure 23 Adoption Trend of Autonomous Vehicles, 2015-2050
Figure 24 ECU Consolidation Evolution
Figure 25 Technological Evolution of The Applications of Automotive PCBs
Figure 26 Major Automotive PCB Application Areas
Figure 27 Types of Automotive PCBs
Figure 28 Automotive PCB Market, By Type, 2017 vs 2025 (Million Units)
Figure 29 Automotive PCB Market, By Application, 2017 vs 2025 (USD Million)
Figure 30 Automotive PCB Market, By Fuel Type, 2017 vs 2025 (USD Million)
Figure 31 Levels of Autonomous Driving
Figure 32 Automotive PCB Market, By Level of Autonomous Driving, 2017 vs 2022 (USD Million)
Figure 33 Automotive PCB Market, By End User, 2017 vs 2025
Figure 34 Automotive PCB Market, By Region, 2017 vs 2025
Figure 35 Asia Pacific: Automotive PCB Market Snapshot
Figure 36 Europe: Automotive PCB Market, By Country, 2017 vs 2025 (Million Units)
Figure 37 North America: Automotive PCB Market Snapshot
Figure 38 RoW: Automotive PCB Market, By Country, 2017 vs 2025 (Million Units)
Figure 39 Key Developments By Leading Players in the Automotive PCB Market
Figure 40 Automotive PCB Market Ranking: 2016
Figure 41 Delphi: Company Snapshot
Figure 42 Delphi: Swot Analysis
Figure 43 Samsung Electro-Mechanics: Company Snapshot
Figure 44 Samsung Electro-Mechanics: Swot Analysis
Figure 45 CMK: Company Snapshot
Figure 46 CMK: Swot Analysis
Figure 47 Unimicron Technology: Company Snapshot
Figure 48 Unimicron Technology: Swot Analysis
Figure 49 Meiko Electronics: Company Snapshot
Figure 50 Meiko Electronics: Swot Analysis
Figure 51 Chin Poon Industrial: Company Snapshot
Figure 52 KCE Electronics: Company Snapshot
Figure 53 Daeduck Electronics: Company Snapshot
Figure 54 Tripod Technology: Company Snapshot

The PCB market for automotive is projected to grow at a CAGR of 5.33% from 2017 to 2025. The market for automotive PCBs is estimated to be USD 8.21 Billion in 2017 and is projected to reach to USD 12.43 Billion by 2025. The key drivers of this market are the increased incorporation of advanced safety, convenience, and comfort systems and the increase in demand for of hybrid electric vehicles (HEV) and battery electric vehicles (BEV).

The ADAS and basic safety segment is estimated to attain the largest market size in the global automotive PCB market.  The regulatory bodies of many countries are mandating some of the ADAS features and the execution of basic safety systems such as ABS, anti-lock braking system, and TPMS. This is prompting the growth of ADAS and Basic Safety segment in automotive PCB market.

The market for multilayer PCB segment in automotive PCB market is estimated to be the fastest growing segment. Rising demand for advanced electronics such as windshield HUDs, camera modules, drive mode selector, and advanced telematics is expected to drive the multi-layer PCB market.

Luxury light duty vehicles segment is estimated to be the largest segment of the automotive PCB market, by the end user type. Luxury vehicles use a large number of PCBs in their vehicles as these vehicles are mostly equipped with advanced vehicle electronics functions for better comfort, convenience, and safety. Additionally, factors such as the sizeable number of luxury vehicles in Europe and North America and the increasing demand for these vehicles in Asia Pacific, due to the increasing purchasing power of consumers and the growing demand for comfort and safety features in a vehicle, are increasing the demand for automotive PCBs in this segment.

The automotive PCB market for Battery Electric Vehicles (BEVs) segment is estimated to be the fastest growing market as BEVs are incorporated with more number of electric components, ECUs, and PCBs in the drive train, interior, and body areas. BEV manufacturers are also adopting advanced technologies to attract more customers.

Asia Pacific is estimated to dominate the PCB market for automotive, by volume as well as value. The growth of this market is due to the increase in production and demand for passenger cars and electric vehicles. The increasing market share of advanced electronics in vehicles, growing purchasing power of the consumers, and good consumer awareness for safety features in the developing countries are the key factors driving the automotive PCB market in Asia Pacific Region.

Automotive PCB Market

Asia Pacific is estimated to dominate the PCB market for automotive, by volume as well as value. The growth of this market is due to the increase in production and demand for passenger cars and electric vehicles. The increasing market share of advanced electronics in vehicles, growing purchasing power of the consumers, and good consumer awareness for safety features in the developing countries are the key factors driving the automotive PCB market in Asia Pacific Region.

A key factor restraining the growth of the automotive PCB market is the increasing consumer preference for BYOD (Bring Your Own Device) and the approach of ECU consolidation. Unlike conventional cockpit electronics system, this BYOD technology completely removes the need for embedded display and infotainment systems from the vehicle. It also indirectly reduces the use of PCBs, which are required to run these technologies. In addition to this, OEMs are adopting BYOD technology as this technology is convenient to use and helps cut down the overall cost of the vehicle.

Some of the key market players are CMK (Japan), Chin Poon Industrial (Taiwan), Meiko Electronics (Japan), Nippon Mektron (Japan), and KCE Electronics (Thailand).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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