Automotive Printed Circuit Board (PCB) Market Analysis by Top Key Players 2019-2024
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The global automotive PCB market is expected to reach over US $ 14 billion between 2018-2024. The growing applicability of rigid flex PCBs, the widespread adoption of in-vehicle infotainment systems, the emergence of new energy vehicles, and the growing potential of ADAS are expected to contribute to the growth of the global automotive PCB market.
The increasing adoption of Advanced Driver Assistance Systems (ADAS) is driving the growth of the automotive printed circuit board (PCB) market. The use of printed circuit boards in ADAS systems is expected to witness significant traction over the next few years. Therefore, vendors responding to the global automotive PCB market are focused on taking advantage of this growing trend of incorporating ADAS in vehicles. In addition, increased installation of in-vehicle infotainment (IVI) systems is expected to drive demand for flexible PCBs.
Market Segments The
automotive PCB market is divided by application, product, vehicle, and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
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The detailed market segments and subsegments are as follows:
Engine control component
Vehicle lighting and safety
Small commercial vehicle
Based on the product, the single-sided PCB segment occupied the largest part of the automotive PCB market in 2018. The widespread use of single-sided circuit boards in electronic equipment such as automotive lighting systems, wiper systems and electronic throttle modules has the potential to drive the growth of the PCB market. Countries such as China, Taiwan and South Korea are the largest producers of single-sided PCBs. Multilayer and flexible printed circuit boards, on the other hand, are expected to witness significant growth during the forecast period.
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In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. In the Asia-Pacific region, vehicle production is skyrocketing due to low labor and logistic cost availability. Increased capacity, the rise of digitization, and consistent investment in the automotive industry are expected to drive growth in the automotive PCB market in the region. Meanwhile, the growing popularity of electric and hybrid vehicles in the United States and Canada has made North America the second largest regional segment of the global automotive PCB market. High demand for electric vehicles in Germany, the United Kingdom and France is one of the major drivers of European market growth.
For more detailed analysis, each region is further divided into countries:
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, etc. Asia Pacific)
- North America (US and Canada)
- Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
- Latin America (Brazil, Mexico, Argentina, and other Latin America)
- Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)
Details of the survey report
Key Players on the Market Key players
on the automotive PCB market include Chin Poon, CMK Corp., KCE Electronics, Kingboard Holdings, Meiko Electronics, NOK, Tripod Technology, TTM Technologies, A-Flex, Amphenol, AT & S or Austria Technologie & Systemtechnik, Cisel, Daeduck Electronics, ELNA, Elvia PCB, Genus Electrotech, GUH Holding Berhad, Kyoden, Liang Dar Technology, Multek, RayMing Technology, Ronak Circuits and more. The survey includes a detailed competitive analysis of these major companies in the automotive PCB market, corporate profiles, recent developments, and key market strategies.
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