Automotive PCB Market to Add Substantial Market Share By 2023

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Automotive PCB Market Research Report.

Automotive PCB Market – Overview

The upsurge in the use of electrical components and electronics has motivated the growth of the market to a great degree in the forecast period. Market concentrated reports associated with the automobile industry amid others recently have been made available by Market Research Future which issues reports on this industry. The market is expected to demonstrate a phenomenal rate of development in terms of CAGR and revenue in the forecast period.

The widespread development of the market has motivated innovation in technology related to this market which has improved product quality and enhanced the market growth. The rise in the sales of new vehicles and launches of new product types has boosted the demand of the market considerably in the forecast period. The market is also stimulated by the surge in demand for advance driver assistance system, infotainment systems, and powertrain has escalated the growth levels in the market. High volume production of PCBs has increased the market size significantly and is thereby expected to attract investments during the forecast period.

Industry Segments

The automotive PCB Market is segmented by type, autonomous driving, application, vehicle type, and region. By type, the market is segmented into double-sided, single-sided, and multi-layer. The autonomous driving based segment of the market comprises of conventional vehicles, autonomous vehicles, and semi-autonomous vehicles. The application segment of the market includes body & comfort, ADAS, powertrain components, infotainment components and others. The vehicle Type segment of the market consists of Commercial Vehicle and Passenger Car. The region based segment of the market consists of APAC, Europe, North America and rest of the world.

Access Report @ https://www.marketresearchfuture.com/reports/automotive-pcb-market-5419

Detailed

Regional Analysis

The Asia Pacific region is likely to lead the market in the duration of the forecast period due to a surge in the manufacture of commercial and passenger vehicles in developing nations such as China, India, and Japan. In the APAC region, a rise in preference for connection of high end technology in vehicles has been observed. The improved preference of the customers in vehicles is expected to result in mounting demand for the usage of PCBs. This growing demand for PCBs will motivate the market in the future. The North American region is predicted to be the second biggest market that is anticipated to develop during the forecast period owing to the rise in demand for high end passenger cars. The developing demand for high end passenger cars will need improved installation of PCBs in the vehicle. This is expected to drive the market in the future. The European region is foreseen to be the third leading market that is anticipated to develop through the forecast period. In the European region, there has been an increasing demand for safety in the vehicles. The mounting demand for safety will result in the improved installation of electrical and electronic components in the vehicle. This will result in the progress of the market in future.

Global Competitive Analysis

The vital trends and players have established a positive tone for development. By making sure demand and supply are in balance the competitors can unlock new opportunities for growth. The opportunities for growth and innovation have increased at a rapid pace transforming the landscape of the market. The momentum of the market’s growth has altered the competitive background of the market. The key players and trends have created a positive tone for development. The competitors in the market have been spurred to devise strategic road-maps that capitalize on the positive market cues. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably.

The eminent contenders in automotive PCB market are TTM Technologies (U.S.), Chin Poon Industrial (Taiwan), KCE Electronics (Thailand), ELNA (Japan), Kyoden (Japan), WUS (Taiwan), Tripod Technology (Taiwan), CMK (Japan), Nippon Mektron (Japan),Daeduck Electronics (South Korea),  NOK (Japan), Unitech (India), AT&S (Austria), Meiko Electronics (Japan), and Shirai (China).

Industry Updates:

Scorpion Automotive which is a supplier and manufacturer of telematics systems and vehicle security for cars has lately announced intentions for a production site which will be used for a new production line for surface mount technology printed circuit board (PCB).