The automotive PCB market is expected to grow at a CAGR of more than 8% and is anticipated to generate revenues of over $13 billion during the forecast period.
Arizton’s recent market research report on the automotive PCB market identifies TTM Technologies, Chin Poon Industrial, Meiko Electronics, CMK Corporation, and KCE Electronics as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by application (interior components, engine control components, powertrain components, and vehicle lighting & safety), by product (single side PCB, flexible PCB, and multi-layer PCB), and by geography (APAC, Europe, Latin America, MEA, and North America).
The automotive PCB market is divided into three major segments that include by application, product, and geography.
APAC to control the major market share in the automotive PCB market during the forecast period
The automotive PCB market by geography is segmented into APAC, Europe, Latin America, MEA, and North America.
APAC was the largest geographical segment in the automotive PCB market occupying close to 93% of the total market share and is projected to generate revenues of around $12 billion during the forecast period.
Rapid urbanization and development of the automotive industry will propel the growth of the automotive PCB market in the APAC region. China, Japan, India, and South Korea are the highest revenue contributors in the APAC automotive PCB market. The economic development and rising expenditure on high-end products, automobiles, EVs, and HEVs, and luxury cars will drive the growth of the automotive PCB market in APAC. The fast-paced development of countries such as India and China will create new potentials for automotive manufacturers in this region.
Flexible PCBs to grow at the fastest CAGR in the automotive PCB market during the forecast period
The product segment in the automotive PCB market is classified into single side PCB, flexible PCB, and multi-layer PCB. Flexible PCB is the fastest growing product segment in the automotive PCB market at a CAGR of over 10% and is expected to reach revenues over $1 billion during the forecast period. Flexible PCBs is the most advanced technology in fabrication, and its lightweight properties and compact and flexible packaging benefits are propelling the demand for these products in the global automotive PCB market. Some of the other factors driving the growth of flexible PCBs in the automotive PCB market include size and weight reduction, improved reliability and impedance control, stronger signal quality, and more robust operating temperature range.
Interior components to grow at a considerable CAGR in the automotive PCB market during the forecast period
The automotive PCB market by applications is divided into interior components, engine control components, powertrain components, and vehicle lighting & safety. Interior component was the largest application segment in the automotive PCB market occupying more than 31% of the total market and will grow at a CAGR of close to 9% during the forecast period. The installation of electronic equipment such as sensors and cameras across all automobile segments that examine situations and prevent accidents is driving the growth of this market segment in global automotive PCB market. The growing demand for various driver assistance and safety systems such as surround-view systems, NVS, pedestrian protection systems, and FCW will attribute to the development of the global automotive PCB market during the forecast period.
The other prominent vendors in the automotive PCB market are Daeduck Electronics, Multek, Tripod Technology, NOK, AT&S, Unitech, WUS, Kyoden, ELNA, KG Board, and Shirai.
The complete overview of the latest market research report on automotive PCB market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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