Automotive PCB Market: Industry Size, Share, Growth, Forecasts 2017 - 2025

Research Report on "Automotive PCB Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025".

The objectives of this study are as follows:

To define, describe, and forecast the "Automotive PCB" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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A PCB (printed circuit board) is a board base for physically supporting and wiring the components in most electronic applications. PCBs consist of printed pathways which connect different components on the PCB, such as transistors, resistors, and integrated circuits. PCB is used in several automotive applications including power relays, ECU control modules, antilock brake systems, digital displays, transmission sensors, on board radar, and stereo & audio components.

Rising demand for more accessories and features in cars that can be powered by increasingly sophisticated electronic systems, by consumers, is expected to drive the automotive PCB market during the forecast period. Increasing production of both passenger as well as commercial vehicles is further expected to propel the automotive PCB market during the forecast period. Increasing penetration of radar systems such as millimeter wave radar in various ADAS (advanced driver assistance systems) is anticipated to boost the automotive PCB market during the forecast period.

The growing consumer preference towards bring your own device (BYOD) is expected to hamper the growth of the automotive PCB market during the forecast period. The operation failures in PCBs is anticipated to further decline the growth of the automotive PCB market in the next few years.

Based on number of layers, the automotive PCB market can be classified into single-layer PCBs, double-layer PCBs, and multi-layer PCBs. The single-layer PCB segment is estimated to expand at a rapid pace during the forecast period owing to its cost-effectiveness and ease of manufacturing. Increasing usage of single-layer PCBs in electronic systems that are utilized in lighting systems, wiper systems, and electronic throttle module is projected to drive the automotive PCB market in the next few years.

Based on application, the automotive PCB market can be segmented into ADAS & safety systems, body, comfort & lighting, infotainment components, and powertrain components. The ADAS & safety systems segment is anticipated to witness considerable growth in the automotive PCB market during the forecast period owing to the rising public preference for vehicles equipped with ADAS and other safety systems for security purposes.

Based on vehicle type, the automotive PCB market can be segregated into passenger vehicles and commercial vehicles. Luxury vehicles (passenger Vehicle) segment is estimated to hold the largest market size during the forecast period, as these vehicles are equipped with advanced vehicle electronics functions for comfort and convenience. The vehicle manufacturing companies are trying to introduce advanced functions, such as voice recognition, gesture control, and fatigue monitoring, to stand out among the competition. The increasing number of such applications is fueling the growth of automotive PCB market for luxury light vehicle segment.

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Based on fuel type, the automotive PCB market can be classified into ICE (internal combustion engine), electric, and hybrid. The ICE segment is expected to expand at a considerable growth rate at the beginning of the forecast period due to the increasing production of ICE-operated vehicles across the world. However, the electric vehicles segment is likely to expand at a high growth rate towards the end of the forecast period owing to the increasing demand for electric vehicles, which is estimated to be witnessed primarily toward the end of the forecast period.

Based on level of automation, the automotive PCB market can be segmented into autonomous vehicles, semi-autonomous vehicles, and conventional vehicles. The semi-autonomous vehicles segment is expected to expand at a considerable growth rate during the initial few years of the forecast period owing to the growing public preference for ADAS equipped semi-autonomous vehicles at the beginning of the forecast period for safety and security purposes. Increasing efforts being undertaken by OEMs as well as governments of various nations across the world to develop and implement the concept of fully autonomous vehicles on the road is likely to propel the automotive PCB market toward the end of the forecast period.

Based on end-user, the automotive PCB market can be segregated into economic vehicles, mid-priced vehicles, and luxury vehicles. Luxury vehicles are primarily equipped with ADAS (advanced driver assistance systems). ADAS require PCBs for their operation. Demand for ADAS equipped luxury vehicles has been increasing in the last few years, which in turn is projected to propel the automotive PCB market during the forecast period.

Based on sales channel, the automotive PCB market is divided into OEM (original equipment manufacturer) and aftermarket. The aftermarket segment is anticipated to grow at the fastest rate owing to the operational failures associated with PCBs after their prolonged use.

Based on geographical region, the automotive PCB market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The automotive PCB market in Asia Pacific is expected to expand at a significant growth rate during the forecast period, on account of the increasing production of both passenger and commercial vehicles in Asia Pacific and the strong presence of key vehicle manufacturers in some countries of Asia Pacific such as China, Japan, and South Korea.

Key players operating in the global automotive PCB market include CMK CORPORATION, CHIN-POON INDUSTRIAL CO., LTD., MEIKO ELECTRONICS CO., LTD., NIPPON MEKTRON, LTD., KCE ELECTRONICS PUBLIC COMPANY LIMITED, TTM Technologies, Unimicron Germany, and Daeduck Electronics Co., Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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