Automotive PCB Market Trends, Overview, Industry Growth and Forecast To 2025

The automotive PCB market is projected to grow at a CAGR of 5.33 %, from USD 8.21 billion in 2017 to USD 12.43 billion by 2025. The implementation of basic safety systems such as ABS, anti-lock braking systems, TPMS, and electronic stability programs, along with the rising demand for advanced cockpit electronics and advanced telematics, is expected to drive the automotive PCB market. The growth can also be attributed to the increasing demand for BEVs and PHEVs, which have more electronic components than conventional ICE vehicles do.

The multi-layer PCB segment is estimated to be the largest segment in the Automotive PCB Market

The multi-layer PCB segment is estimated to be the largest and fastest growing segment of the automotive PCB market during the forecast period. The rising demand for advanced electronics such as windshield HUDs, infotainment & navigation units, rear seat entertainment, drive mode selector, electric powertrain, and advanced telematics are expected to drive the multi-layer PCB market.

Request Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=12448564

ADAS and basic safety segment is estimated to be the fastest growing segment in the Automotive PCB

The ADAS and basic safety segment is estimated to be the fastest growing market during the forecast period, as majority of the luxury and mid-segment vehicles are equipped with basic safety functions such as ABS, anti-lock braking system, and TPMS. Stringent safety norms and growing awareness about road safety are also fueling the growth of ADAS and basic safety segment in the automotive PCB market.

Asia Pacific: Largest regional market for Automotive PCB

Asia Pacific market is the largest regional market for automotive PCB, as the Asia Pacific region is the largest market for automobiles, with a market share of around 50% of the global automobile production. The Asia Pacific region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The increasing application of advanced electronics in vehicles, growing purchasing power of the consumer, and good consumer awareness for safety features in the developing countries are the key factors driving the automotive PCB market in Asia Pacific Region.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=12448564

The automotive PCB market for Battery Electric Vehicles (BEVs) segment is estimated to be the fastest growing market as BEVs are incorporated with more number of electric components, ECUs, and PCBs in the drive train, interior, and body areas. BEV manufacturers are also adopting advanced technologies to attract more customers.

A key factor restraining the growth of the automotive pcb market is the increasing consumer preference for BYOD (Bring Your Own Device) and the approach of ECU consolidation. Unlike conventional cockpit electronics system, this BYOD technology completely removes the need for embedded display and infotainment systems from the vehicle. It also indirectly reduces the use of PCBs, which are required to run these technologies. In addition to this, OEMs are adopting BYOD technology as this technology is convenient to use and helps cut down the overall cost of the vehicle.

Key Players

The report covers all the major players in the automotive PCB market, including CMK (Japan), Chin Poon Industrial (Taiwan), Meiko Electronics (Japan), Nippon Mektron (Japan), and KCE Electronics (Thailand).

View Detail TOC: https://www.marketsandmarkets.com/Market-Reports/automotive-pcb-market-12448564.html

Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: newsletter@marketsandmarkets.com
Phone: 18886006441
Address: 630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

This release was published on openPR.