Press release
Automotive PCB Market Research 2024-2033: Outlook, Overview, and Competitor Analysis
Automotive PCB Market
The Business Research Company presents an extensive market research report on the Automotive PCB Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automotive PCB market size has grown strongly in recent years. It will grow from $9.49 billion in 2023 to $10.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased electronic content in vehicles, autonomous and semi-autonomous driving, efficiency and weight reduction, demand for advanced infotainment, globalization of automotive supply chains, R&D and innovation.
The automotive PCB market size is expected to see strong growth in the next few years. It will grow to $14.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing complexity of ads, digital cockpit evolution, v2x communication, increasing demand for compact electronics, shift to advanced materials, supply chain resilience and localization. Major trends in the forecast period include autonomous driving technologies, smart manufacturing and industry 4.0, miniaturization and integration, flexible and rigid-flex PCBs, AI and machine learning integration.
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Key Market Players:
Major companies operating in the automotive PCB market report are Tripod Technologies, Flex Ltd., Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Delphi Technologies, Zhen Ding Technology Holding Limited, Kingboard Holdings Limited, Unimicron Corporation, Compeq Manufacturing Co. Ltd., Shinko Electric Industries Co. Ltd., TTM Technologies Inc, Nan Ya Printed Circuit Board Corporation, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, SIIX Corporation, Shenzhen Kinwong Electronic Co. Ltd., Meiko Electronics Co. Ltd., Rogers Corporation, Shenzhen Fastprint Circuit Tech Co. Ltd., Daeduck Electronics, Aoshikang Technology Co. Ltd., Chin Poon Industrial Co. Ltd., KCE Electronics Co. Ltd, CMK Corporation, Ventec International Group, WUS Printed Circuit Co. Ltd., MFS Technology Ltd., Amitron Corp, Dynamic Electronics Co. Ltd., Nanotron Technologies GmbH, Nippon Mektron Ltd., Dyna Image Corporation, Shenzhen Sunnic Technology & Co. Ltd., Jiangsu Changjiang Electronics Technology Co. Ltd.
Market Drivers:
The rise in demand for hybrid electric vehicles and battery-operated electric vehicles is expected to propel the growth of the automotive PCB market. 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. According to a study by JP Morgan, by 2025, EVs and HEVs will account for an estimated 30% of all vehicle sales. Therefore, the rise in demand for hybrid electric vehicles and battery-operated electric vehicles is driving the growth of the automotive PCB market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/automotive-pcb-global-market-report
The automotive PCB market covered in this report is segmented -
1) By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
2) By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
3) By Application: ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, Powertrain Components
4) By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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