Registering a CAGR of 5.35% over the forecast period of 2021-2026, the automotive PCB market is expected to reach a value of US$ 12,43 billion in the year 2026 from US$ 7.43 billion in 2021.
In the automotive industry, Printed circuit boards are used in several ways and they have changed the way people drive vehicles. As demand for accessories in vehicles is growing by owners and drivers, the PCB requirement is increasing as well. It is important that the PCB should be long-lasting and highly reliable while being used in a truck or a car. The adoption of Multi-layer PCBs will be driven by the ever-improving electromagnetic shielding and electronic design automation capacities.
India and China account for almost 60% of the world’s population and major developing economies. It is estimated that over the forecast period, these economies are anticipated to grow faster due to their activities in the fields of transportation, industrialization, and construction. Due to these trends, Asia-pacific has seen an increase in the demand for automobiles, and several governments are driven to mandate few active and passive safety characteristics in vehicles which in return have boosted the automotive PCBs market in APAC. Governments in the region have been providing subsidies to electric vehicle buyers to encourage more people to buy EVs. For example, Japan government is planning to eradicate the adoption of internal combustion engine vehicles in Japan by 2050. In order to achieve this feat, Japan started providing one-time subsidies for buyers of electric vehicles.
The global Automotive PCB market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes: Jingpeng, TTM, CMK, Meiko, KCE, Jiantao, Jianding, AT&S, Qisheng, Yidun, WUSPRINTED CIRCUIT CO. LTD., KINWANG, Schweizer, Sheng Hong, BPMIN ELECTRONIC, Aoshikang, and others.
The automotive PCB market is segmented based on the type, applications, companies, and regions.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market.
Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2025.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
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