Press release
Automotive PCB Market Projected to Show Strong Growth| Meiko Electronics, Lumax Industries
Automotive PCB Market
Major Players in This Report Include: PT Infineon Technologies Batam, Meiko Electronics Co. Ltd., STMicroelectronics N.V., Lumax Industries Limited, Samsung Electro-Mechanics, KCE Electronics Ltd., Amitron Corp., CMK Corp., TTM Technologies, Chin Poon Industrial, Tripod Technology.
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The size of the Automotive PCB Market was valued at USD 6.89 Billion in 2023 and is projected to reach USD 9.88 Billion by 2032, with an expected CAGR of 5.28% during the forecast period. Automotive PCBs form the backbone of modern vehicles, supporting many electronic systems. In such PCBs, several kinds of electronic components interact with and connect to various infotainment, advanced driver assistance systems (ADAS), and powertrain controls, among others. A broader segmentation of the automotive PCB market can be classified into different types of PCBs-single-sided, double-sided, and multi-layer- which are always very specific, dedicated, and complex in their applications. In addition, this includes flex PCBs, rigid-flex PCBs, and high-density interconnect (HDI) PCBs while maintaining support for the growing need for miniaturized and high-performance electronic systems. Primarily, the demand in the market is driven by electric and autonomous vehicles because they need advanced electronics for performance as well as safety. Automotive PCBs' chief advantages are increased reliability, miniaturization, and efficient thermal management. These are found primarily to be the factors leading to better-advanced technology in vehicles. Advanced PCBs would see a high increase in usage in automotive when manufacturing innovation and safety are enhanced, helping to further advance the market.
Recent developments in Automotive PCB:
β’ January 2024: Amber Group acquired Ascent Circuits Pvt. Ltd. to strengthen its electronics manufacturing services portfolio.
β’ February 2024: Renesas Electronics Corporation acquired Altium Limited to create an integrated system for designing electronics.
Market Trend:
β’ Advanced materials and technologies for high-performance applications
β’ Miniaturized and flexible PCBs for space-constrained environments
Market Drivers:
β’ Growing demand for ADAS, infotainment, and body & comfort electronics
β’ Increasing adoption of EVs and HEVs
Restraints:
β’ Cost of production
β’ High design complexity
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In this research study, the prime factors that are impelling the growth of the Global Automotive PCB market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Automotive PCB market study is being classified Type: Single or Double Layer, Multi-Layer, High-Density Interconnect, Flexible PCB, and Others, Application: ADAS, Body & Comfort, Infotainment, and Others
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Automotive PCB market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Extracts from Table of Contents
Automotive PCB Market Research Report
Chapter 1 Automotive PCB Market Overview
Chapter 2 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 3 Global Market Analysis by Application
Chapter 4 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 5 Global Economic Impact on Industry
Chapter 6 Global Market Competition by Manufacturers
Chapter 7 Global Revenue (Value, Volume*) by Region
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This report also analyses the regulatory framework of the Global Markets Automotive PCB Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analysed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.
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About Author: Pro Market Reports is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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