Market overview
Except for the simplest electronic products, printed circuit boards are used. In some electrical products, such as passive switch boxes, they are used. While wire wrap and point-to-point construction were once common alternatives to PCB, they are now rarely used. PCB production and assembly can be automated, but additional design is needed to layout the circuit. A large portion of the layout work can be completed using electronic computer-supported design software. As components are mounted and wired in one step, PCB mass production of circuits is quicker and less expensive than other wiring techniques.
More numbers of PCB can be made-up simultaneously, and the layout has to be done only once. With decreased benefits, PCB can also be made manually in small quantities. The automotive PCB market is estimated to have a CAGR of 6% during the predicted period.
The growing electric vehicles sales are operating the market growth due to the increase in concern of emissions from vehicles globally and growing government initiatives to increase the sales of electric vehicles. The Norway government is providing advantages like exemption from import duty, no road tax, and also investing a heavy amount in structure to promote the sales of electric vehicles and make the region an Eco-drive zone by 2025. A rise in sales of electric vehicles and the adoption of advanced driver assistance system technology are likely to operate the demand for the automotive printed circuit boards market during the estimated period.
Industrial news
This automotive printed circuit boards market report says it has explored the new developments, trends, and prospects and forecasts the current status and prospects of the market from 2022 to 2029.
Regional analysis
Asia pacific is expected to dominate the PCB market for automotive by volume and value. The growth of the market is due to the rising in production and demand for passenger cars and electric vehicles. The rise in the market share of growing purchasing power of the consumers, advanced electronics in vehicles and good consumer awareness of safety structures in the developing countries are the main factors operating the PCB market for automotive in Asia pacific region.
Market segmentation
The market is segmented by type, end-user, application, and region.
By type
- Single-sided
- Double-sided
- Multi-layer
By vehicle type
- Battery electric vehicles (bevs)
- Hybrid electric vehicles (hevs)
- Internal combustion engine (ice) vehicles
By end-user
- Passenger car
- Commercial vehicle
By application
- Adas
- Body and comfort
- Infotainment system
- Power traincomponents
- Others
By level of autonomous driving
Autonomous
- Semi-autonomous
- Conventional
By region
- North America
- Europe
- Asia pacific
- Rest of the world
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