Automotive PCB Market to grow at approximately 5.28% CAGR by 2032

Pune, India, February, 2019 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive PCB market. The automotive PCB market is expected to grow at the CAGR of around 5.28% during the period 2024 to 2032.

Automotive PCB Overview:

MRFR’s latest report reveals that the global automotive PCB market is set to capture 5.28% CAGR during the forecast period (2024-2032). Demand for PCB has continued to grow in the automotive sector in recent years. Several factors are linked with this phenomenon. Carmakers are increasingly relying on cutting-edge electronic circuit solution to improve vehicles in various fronts – safety, performance, convenience, connectivity etc. For carmakers, it is important to harness advanced technologies in order to stay ahead of curve. PCBs support a wide range of automotive applications. Moreover, the rapid expansion of the automotive sector in Asia and LatAm is auguring well for market players.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive PCB Market Research Report

Global Automotive PCB Market: Segmental Analysis

MRFR’s report also includes an exhaustive segmental analysis of the market based on vehicle type, PCB type, end user, level of autonomous driving and application.

Based on vehicle type, the market has been segmented into internal combustion engine (ICE) vehicles, battery electric vehicles (BEVs), and hybrid electric vehicles (HEVs). In terms of value, the ICE segment holds the lion’s share of the market. This is owing to ongoing dominance of vehicle with internal combustion engines. By the year 2023, the segment is expected to surpass a valuation of USD 9,000 Mn. By PCB type, the market has been segmented into multi-layer, double-sided and single-side. In 2017, the single-sided segment commanded over 50% share of the market. By the end of the forecast period, the segment is expected to reach a valuation of more that USD 5,400 Mn, reflecting an above average CAGR. By end user, the market is segmented into commercial vehicle and passenger car. The later will continue to outvalue the former throughout the assessment period. The passenger segment is likely to stand at a market valuation of USD 7,700 Mn by 2023. This is mainly owing to the rising sales of the passenger cars. By level of autonomous driving, the market is segmented into conventional, semi-autonomous and autonomous. In terms of value, the conventional segment holds the pole position. The segment is likely to surge at an impressive CAGR of 5.78% till 2023. Meanwhile, growing interest in vehicle automation is likely created attractive opportunities for the other two segments. By application, the market been segmented into infotainment system, body and comfort, ADAS, powertrain components and others. The infotainment system segment commands a significant market share. The segment of projected to witness a 6.24% CAGR during the assessment period. Infotainment systems have become a key area of focus in modern vehicles. It is basically a cluster of components, which include dashboard display, wi-fi, radio, navigation system, in-car media, among others.

Global Automotive PCB Market: Regional Outlook

Key regions covered in the report include North America, Asia Pacific (APAC), Latin America, Europe, and the Middle East & Africa (MEA). APAC is likely to dominate the global automotive PCB market during the assessment period. In recent years, APAC has emerged as major investment destination for automotive manufacturers and OEMs. China, notably, has gained an impressive stride in the global automotive sector. It is home to one of the largest automotive manufacturing sectors in world. Such factors are supporting the growth of the market in the region. APAC command for more one-third share of the market in terms of the revenue. Meanwhile, Europe and North America are other two important market for automotive PCB.

Global Automotive PCB Market: Competitive Landscape

SAMSUNG ELECTRO-MECHANICS, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, Unimicron Corporation, MEIKO ELECTRONICS Co., LTd., NIPPON MEKTRON, LTD., Tripod Technology Corporation, CHIN-POON INDUSTRIAL CO., LTD., Daeduck Electronics Co., Ltd., KCE Group, CMK CORPORATION, and TTM Technologies are among the leading market participants.