Uncovering the market secrets of Automotive PCB
From 2017 to 2025, the automotive PCB market is expected to develop at a CAGR of 5.33 percent. In 2017, the market for automotive PCBs was predicted to be worth USD 8.21 billion, with a forecast of USD 12.43 billion by 2025. The greater incorporation of improved safety, convenience, and comfort systems, as well as the increased demand for hybrid electric vehicles (HEV) and battery electric cars, are the main drivers of this industry (BEV).
Will Automotive PCB dominate the global market?
In the global market, the ADAS and basic safety sector is expected to have the biggest market size. Many nations' regulatory agencies are requiring the use of ADAS features as well as basic safety systems such as anti-lock braking system, ABS, and tyre pressure monitoring system. The ADAS and Basic Safety segments of the automotive printed circuit board market are growing as a result of this. The multilayer PCB segment of the automotive printed circuit board market is expected to grow at the fastest rate. The multi-layer PCB market is likely to be driven by rising demand for advanced electronics such as windshield HUDs, camera modules, drive mode selectors, and enhanced telematics.
- By end user type, the luxury light duty cars category is expected to be the largest segment of the global market. Luxury automobiles have a high number of PCBs since they are typically equipped with modern vehicle electronics functions for improved comfort, convenience, and safety.
- Furthermore, factors such as the large number of luxury vehicles in Europe and North America, as well as the growing demand for these vehicles in Asia Pacific, are driving up demand for automotive PCBs in this segment, thanks to rising consumer purchasing power and a growing demand for comfort and safety features in vehicles.
- Because BEVs include more electric components, ECUs, and PCBs in the drive train, interior, and body sections, the automotive printed circuit board market for Battery Electric Vehicles (BEVs) is expected to develop at the fastest rate. In order to attract more customers, BEV manufacturers are incorporating innovative technologies.
- The PCB market for automotive is expected to be dominated by Asia Pacific, both in terms of volume and value. The increase in production and demand for passenger automobiles and electric vehicles is driving this industry forward. The PCB market for automotive in the Asia Pacific Region is being driven by an increasing market share of modern electronics in automobiles, rising consumer purchasing power, and increased consumer awareness of safety features in developing countries.
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