Automotive PCB Market is estimated to be US$7.1 billion by 2022 with a CAGR of 6.9% over the forecast period (2022-2032)

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Published Date: April 2023

Automotive PCBs are circuit boards used in automotive electronics, from engine controls, anti-lock brake systems, and GPS, to rearview cameras and front lights. Rising automotive industry in Asia Pacific is expected to foster the Automotive PCB market. Further, rising adoption for electric vehicles and use of flex rigid PVB are prominent trends in the target market.

Furthermore, as per the research, the companies are increasing the automotive electronic content per vehicle significantly. Rising in use of advanced & comfort features in Vehicles is also expected to boost the growth of Automotive PCB Market. In addition, the European and North America government have implemented safety regulation on Anti-lock braking system (ABS) which also might spur the Automotive PCB market.

The report “Automotive PCB Market, By Type (Double-Sided PCB, Multi-Layer PCB, and Single-Sided PCB), By Fuel Type (BEV, Hybrid, and ICE), By End User (Economic Light Duty Vehicles, Luxury Light Duty Vehicles, and Mid-Priced Light Duty Vehicles), By Application (ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, and Powertrain Components), By Level Of Autonomous Driving (Autonomous Vehicles, Conventional Vehicles, and Semi-Autonomous Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032“

Key Highlights:

In November 2022, IBE Electronics Co., Ltd. has become a leading name in the global PCBA market and the company has recently established its position as a go-to step solutions provider adding to its long list of offerings.
In November 2022, Altium LLC licensed Keysight’s advanced electromagnetic simulation technology to produced power analysis solutions for Printed circuit boards designers.

Analyst View:

Automotive PCBs are most important in vehicles and other fields, automotive PCBs have led to significant advancements such as: Improved performance in terms of fuel efficiency, reliable safety and security systems that reduce traffic accidents, which is fosters the market of automotive PCB. Automotive PCBs market innovation is increasing worldwide, with technological developments in automotive PCB products making them more efficient to use, is also expected to support the growth of automotive PCB market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Automotive PCB Market, By Type (Double-Sided PCB, Multi-Layer PCB, and Single-Sided PCB), By Fuel Type (BEV, Hybrid, and ICE), By End User (Economic Light Duty Vehicles, Luxury Light Duty Vehicles, and Mid-Priced Light Duty Vehicles), By Application (ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, and Powertrain Components), By Level Of Autonomous Driving (Autonomous Vehicles, Conventional Vehicles, and Semi-Autonomous Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Automotive PCB Market accounted for US$ 7.1 billion in 2022 and is estimated to be US$ 13.4 billion by 2032 and is anticipated to register a CAGR of 6.9%. The global automotive PCB market is segmented based on type, fuel type, end user, application, level of autonomous driving, and region.

Based on type, the global automotive PCB market is segmented into the double-sided PCB, multi-layer PCB, and single-sided PCB.
Based on the fuel type, the target market is segmented into BEV, hybrid, and ICE.
Based on end user, the global market is classified into economic light duty vehicles, luxury light duty vehicles, and mid-priced light duty vehicles.
Based on application, the target market is bifurcated into ADAS and basic safety, body, comfort, and vehicle lighting, infotainment components, and powertrain components.
Based on level of autonomous driving, the target market tis characterized into autonomous vehicles, conventional vehicles, and semi-autonomous vehicles.
By Region, the Automotive PCB Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Automotive PCB Market:

The prominent players operating in the Automotive PCB Market includes, Nippon Mektron Ltd, Unimicron Technology Corp, Hannstar Board Cor, Zhen Ding Technology Holding Ltd, Ibiden Co Ltd, Tripod Technology Corp, Chin Poon, CMK Corp., KCE Electronics, and TTM Technology. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period