Automotive PCB Market Size, Status and Future Outlook 2027 | Jingpeng, TTM, CMK, Meiko, KCE, Jiantao, Jianding, AT&S, Qisheng
Top leading Manufacturers Profiled in Automotive PCB Market Report are: Jingpeng, TTM, CMK, Meiko, KCE, Jiantao, Jianding, AT&S, Qisheng, Yidun, WUSPRINTED CIRCUIT CO., LTD, KINWANG, Schweizer, Sheng Hong, BPMIN ELECTRONIC, Aoshikang
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In 2020, the global Automotive PCB market size was US$ 6492.7 million and it is expected to reach US$ 10980 million by the end of 2027, with a CAGR of 7.8% during 2021-2027.
Latest Update and Developments
In February 2020, Lumax Industries extends a joint venture with Stanley Electric, Japan. The joint venture will provide a complete range of Stanley Electric products, current and future, to the Indian automotive industry. Starting with the production of Printed Circuit Board (PCB), a core component of the automotive lighting system for Lumax company. The joint venture will extend its product line to Heating Ventilation Air Conditioning panel (HVAC) in the near future. The product will be localized and manufactured at the newly set up electronic facility at Bawal, Haryana and the company is already in discussion with Japanese OEMs. The focus of the joint venture is to expand Lumax portfolio and product offerings in the vast range of advanced electronics components with Stanley Electric.
November 11, 2021 OMRON Launches PCB Inspection System “VT-S10 Series 3D-AOI”- OMRON today announces the global launch of its new PCB inspection system VT-S10 Series, featuring an industry-first imaging technology and AI to automate high-precision inspection processes for PCB sub-assemblies, thus eliminating the need for specialist operator skills. With an increased call for the new global wireless standard 5G, electric vehicles (EVs), and autonomous driving, the inspection of in-vehicle PCB assemblies becomes increasingly challenging. OMRON’s new VT-S10 solution allows for high-precision inspection of such key components to maintain and enhance quality, thus contributing to security and safety.
IMST launches cooperation with PCB market leader AT&S
Automotive PCB is used in the field of automotive electronics PCB products. The use of PCB has increased significantly in modern vehicles this can be attributed to factors such as the growth of electric vehicle (EV) segment and increased focus on occupant safety, convenience and comfort. PCBs are used in a wide range of automotive components and the list is likely to further expand in the forthcoming years. At the same time, growth of the automotive sector in Asia, LatAm and the Middle East reflecting favorably on the market.
The region accounts for almost 60% of the world’s population and major developing economies of the world like China and India. During the forecast period, these economies are expected to grow much faster owing to the activities in construction, transportation, industrialization, etc. With these trends, the demand for automobiles increased in the Asia-Pacific and driven several governments in the region to mandate few active and passive safety features in vehicles which in turn boosted the automotive PCBs market growth in Asia-Pacific. The governments in the region are providing subsidies to electric vehicle buyers to drive the purchase rate of EVs in the region. For instance, the government in Japan is aiming to eliminate the adoption of internal combustion engine vehicles in the country by 2050, to support this objective, the country started providing one-time subsidy for buyers when purchasing an EV. For instance, 30-kWh Nissan Leaf owners can get approximately USD 3000 grant. The maximum subsidy is capped at around USD 7700, and it is based on a driving range of a vehicle. Also, a 50% reduction of annual automobile tax for Consumers purchasing zero-emission EVs.
In terms of market share of major automotive PCB suppliers, Jingpeng leads in this field and is the world's largest supplier, with a production share of more than 10% in the global market in 2018.
Global Automotive PCB Market Split by Product Type and Applications:
Market Research Study Focus on these Types:
Single Layer Rigid PCB
Double and Multilayer Rigid PCB
Market Research Study Focus on these Applications:
Regional Analysis for Automotive PCB Market:
For a comprehensive understanding of market dynamics, the global Automotive PCB market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Avail Discount at-
What is the Impact of Covid-19 Outbreak on the Automotive PCB ?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Automotive PCB.
- Automotive PCB Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Frequently Asked Questions about the Automotive PCB market:
- What are the recent developments and government policies?
- What are the top trends in the Automotive PCB market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Automotive PCB market?
- Which region would offer high growth for vendors in the market?
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