Press release
Automotive PCB Market Analysis, Leading Trends And Global Forecast 2023 To 2032 | Amitron Corp, Chin Poon Industrial Co. Ltd., CMK Corporation, Daeduck Electronics, KCE Electronics
Automotive PCB Market Trends
The Business Research Company's Automotive PCB Global Market Report 2023 identifies rise in demand for hybrid electric vehicles and battery-operated electric vehicles as the major driver for the Automotive PCB market's growth in the forecast period. PCBs play a major role in the automotive industry, as they are essential for the functionality of sensors and other components in the automobile. The growing sales of electric vehicles and battery-operated electric vehicles are directly impacting the demand for automotive PCBs.
The global automotive PCB market size grew from $8.7 billion in 2022 to $9.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive PCB market size is expected to grow to $13.08 billion in 2027 at a CAGR of 8.5%.
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Major competitors in the Automotive PCB market are Amitron Corp, Chin Poon Industrial Co. Ltd., CMK Corporation, Daeduck Electronics, KCE Electronics, Meiko Electronics Co. Ltd., Nippon Mektron Ltd., Samsung Electro-Mechanics, Tripod Technologies, TTM Technologies, Unimicron, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, and Delphi.
A key trend in the Automotive PCB market includes the rise in adoption of Advanced Driver Assistance Systems (ADAS). The use of PCB in ADAS systems is expected to grow significantly going forward, and companies are focusing on expanding the capacity of automotive PCB to meet the rising demand for ADAS technologies.
Read More On The Global Automotive PCB Market Report Here:
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The Automotive PCB market is segmented -
By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
By Application: ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, Powertrain Components
By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive PCB market.
The Business Research Company's "Global Automotive PCB Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive PCB Market Include:
1. Executive Summary
2. Automotive PCB Market Characteristics
3. Automotive PCB Market Trends And Strategies
4. Automotive PCB Market - Macro Economic Scenario
5. Automotive PCB Market Size And Growth
……
26. Africa Automotive PCB Market
27. Automotive PCB Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive PCB Market
29. Automotive PCB Market Future Outlook and Potential Analysis
30. Appendix
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