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Automotive PCB Global Market Report 2022

Automotive PCB Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6284094
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players 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.

The global automotive PCB market is expected to grow from $8.06 billion in 2021 to $8.56 billion in 2022 at a compound annual growth rate (CAGR) of 6.27%. The market is expected to grow to $11.08 billion in 2026 at a CAGR of 6.64%.

The automotive PCB market consists of sales of automotive PCB products by entities (organizations, sole proprietors, partnerships) that manufacture and supply printed circuit boards (PCBs) for the automobile industry.Printed circuit boards support, connect and control all the electronic components in automobile vehicles.

Printed circuit boards are used in various parts of a vehicle such as airbag controls, anti-lock brake systems, anti-theft systems, audio-video systems, climate control, digital displays, power steering, and many others.

The main types of automotive PCB covered in this report are double-sided PCB, multi-layer PCB, and single-sided PCB.By vehicle type, automotive PCBs are used in battery electric vehicles (BEVs), hybrid electric vehicles (HEVs) and internal combustion engine (ICE) vehicles.

Major applications of automotive PCB include ADAS and basic safety, body, comfort, and vehicle lighting, infotainment components, and powertrain components. The end users of automotive PCB are economic light duty vehicles, luxury light duty vehicles, and mid-priced light duty vehicles.

Asia Pacific was the largest region in the automotive PCB market in 2021.Europe is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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 the components in the automobile.

The growing sales of electric vehicles and battery-operated electric vehicles are directly impacting the demand for automotive PCB.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.

The rise in adoption of Advanced Driver Assistance Systems (ADAS) is one of the key trends in the automotive PCB market.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.

For example, in 2021, Meiko Electronics, a Japan-based PCB manufacturer announced to open new PCB manufacturing plants in Vietnam and Japan, to expand its production capacity of PCB products due to the rising demand for ADAS and EV applications.

In November 2020, ILFA Feinstleiter Technologie, a Germany-based PCB manufacturer, acquired Skytech Europe GmbH for an undisclosed amount.The acquisition is expected to make ILFA one of the top five PCB suppliers in Germany and will serve existing and new customers on a higher level.

Skytech Europe GmbH, founded in 2008, is a Germany-based manufacturer of a wide range of printed circuit boards for various industries such as consumer electronics and automotive.

The countries covered in the Automotive PCB market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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