Market Research Report
Global Automotive PCB Market Research Report Forecast to 2023
|Published by||Market Research Future||Product code||851697|
|Published||Content info||136 Pages
Delivery time: 1-2 business days
|Global Automotive PCB Market Research Report Forecast to 2023|
|Published: April 30, 2019||Content info: 136 Pages||
A printed circuit board (PCB) is an electronic circuit that supports and connects various types of electronic or electric components. It has multiple applications in the automotive industry in airbag controls, anti-lock brake systems, anti-theft systems, GPS support, and others. The global automotive PCB market is driven by various factors such as a surge in demand for electric vehicles worldwide, increasing consumer preference toward advanced safety, convenience, and comfort systems, and the booming automotive industry. Operational failure risk in PCBs and the trend of BYOD (bring your own device), are a few restraints that hinder the growth of the global automotive PCB market.
The global automotive PCB market has been segmented based on type, vehicle type, level of autonomous driving, end -user, application, and region. On the basis of type, the market has been segmented as into single-sided, double-sided, and multi-layer. On the basis of level of autonomous driving, the market has been segmented as into autonomous, semi-autonomous, and conventional. On the basis of end user, the market has been segmentnted into passenger car and commercial vehicle. On the basis of application, the market has been segmentnted into ADAS, body and comfort, infotainment system, powertrain components, and others. On the basis of vehicle type, the market has been segmentnted battery electric, hybrid electric, and internal combustion engine vehicles.
The global automotive PCB market has been segmented, on the basis of region as North America, Europe, Asia-Pacific, and the rest of the world. In 2017, Asia-Pacific accounted for the highest market share due to an increase in the sales of advanced ICE vehicles and sales of electric vehicles in the past years. In 2017, the market was led by Asia-Pacific, with a 47.9% share, followed by Europe and North America with shares of 25.4% and 22.1%, respectively. The global automotive PCB market is expected to grow at 5.98 % CAGR during the forecast period.
Europe is the fastest-growing market for automotive PCB owing to the presence of several well-established OEMs in Germany and the UK. It is estimated that the market for automotive PCB in Europe would register a CAGR of 4.54% during the forecast period. However, the automotive PCB market in North America would register a CAGR of 4.91% during the forecast period. The automotive industry in Asia-Pacific is growing at a fast pace due to the increase in production in developing nations such as China and India. The demand for technologically advanced cars is rising with the growth of the information and communication technology (ICT), automotive, and transportation industries, resulting in the rise in demand for PCB components. It is estimated that the market for automotive PCB in Asia-Pacific would register a CAGR of 7.32% during the forecast period. The rest of the world includes Latin America and the Middle East & Africa. The automotive PCB market in the rest of the world is estimated to exhibit a CAGR of 4.10% during the forecast period.
Some of the key players of the market are AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (Austria), TTM Technologies (US), SAMSUNG ELECTRO-MECHANICS (South Korea), NIPPON MEKTRON, LTD. (Japan), and Unimicron Corporation (Taiwan). Daeduck Electronics Co., Ltd., (South Korea), MEIKO ELECTRONICS Co., Ltd., (Japan), CHIN-POON INDUSTRIAL CO., LTD. (Taiwan), CMK Corporation (Japan), and KCE Group (Thailand) are among others.
Objective of the Global Automotive PCB Market Report-Forecast till 2023