Automotive PCB Market Overview
The automotive PCB market size is forecast to reach $11.9 billion by 2026, growing at a CAGR of 5.3% from 2021 to 2026. Printed circuit boards (PCBs) are the foundational building block of most modern electronic devices. PCBs consist of printed pathways which connect different components on the PCB such as transistors, resistors and integrated circuits. PCB is used in several automotive applications such as power relays, in vehicle informational, antilock brake systems, digital displays, audio systems, engine timing systems, battery control systems and many more functions.
Printed circuit boards are used in many ways in the
automotive industry and have changed the way that people drive. The need for
PCBs is increasing as vehicle owners and drivers demand more accessories in
vehicles. A printed circuit board which is used in car or truck must be highly reliable
and long-lasting. The improving electromagnetic shielding and electronic design automation capabilities will drive the adoption of Multi layer PCBs.
Automotive PCB Market Report Coverage
The report: “Automotive PCB Industry – Forecast (2021-2026)”, by IndustryARC
covers an in-depth analysis of the following segments of the automotive PCB Industry Outlook
Key Takeaways
- The demand for automotive PCBs is high in the forecast period due to growing demand for hybrid electric vehicles (HEV) and Battery electric Vehicles (BEV)
- Printed circuit boards are used in several automotive applications like anti-lock brake systems, safety and security features, ECU systems, control engines and GPS navigation systems.
- PCBs can be programmed to perform system essential commands irrespective of their sizes.
- Asia-Pacific is projected to dominate the market share in the forecast period. Due to economies like China, Japan, South Korea and Taiwan is witnessing a high surge in automotive production due to availability of low labour and logistical costs.
Automotive PCB Market, By Geography, 2020
Automotive PCB Market Segment Analysis
- By Type
There are three types of printed circuit boards - single-sided, double-sided and multi-layer PCBs. Multi Layer PCB is projected to grow at the fastest rate from 2021-2026 at 7.2% CAGR driven by improving electromagnetic shielding and electronic design automation. Each type of PCB has various price points and uses and they are widely used in automotive applications such as in vehicle infotainment and audio systems.
Single-sided PCB is something which comes with only one layer of conducting
material on one side of the board and other side is used for incorporating
different electronic components on the board. Double-sided PCBs are same as
single-sided PCBs but the difference is they have two sided traces with top and
bottom layer. Multi-layer PCB’s can support a high level of circuit complexity
as they are made up of three or more copper layers laminated together.
Automotive PCB Market Segment Analysis - By Vehicle Type
Printed circuit boards are commonly used in vehicles these days in passenger cars and commercial vehicles. Passenger Vehicles dominate the market with a share of 67% in 2020. The main function of the PCB is to provide mechanical support and electric connection to different components of the vehicle which is helped by improving electromagnetic shielding and electronic design automation.
One of
the most common uses of printed circuit boards for vehicles deals with
deployment of airbags which is necessary to prioritize safety. The circuit
board is incorporated in the airbag deployment rate sensor which helps in
dissipating static electricity and triggering the bag when needed. Likewise it
is used in in-vehicle infotainment, GPS systems, and power converters and
others.
Automotive PCB Market Segment Analysis
– By Geography
Asia-Pacific is projected to dominate the market share in the forecast
period with 35% share in 2020. The economies such as China, Japan, South Korea
and Taiwan are witnessing a high surge in automotive production due to
availability of low labor and logistical costs. Due to enhanced production
capacities and the rise of digitalization together are driving the automotive PCB
in this region. Additionally China and India are expected to grow much faster
due frequent activities in construction, transportation and industrialization
contributing to the market growth.
Automotive PCB Market Drivers
Growing electric vehicles sales driving the market growth
The demand for electric vehicles is higher in the coming years than petrol and diesel vehicles. Unlike vehicle fuel types, battery electric vehicles have more demand due to increasing concern towards global emissions from vehicles as well as government initiatives to increase the sales of electric vehicles. As the move to electrically powered cars takes place the PCBs will play an important role in production and running of cars, buses and other electrically powered vehicles. Additionally increasing sales of electric vehicles as well as adoption of advanced driver assistance system and in vehicle infotainment technology in them are likely to drive the demand for automotive PCB market.
Automotive electronics drive growth of automotive PCB
With the continuous advancement of the automobile
industry, the automobile has evolved from a complete electromagnetic shielding based mechanical device in the
past to a combination of machinery and electronics. The use of electronic design automation technology in PCB manufacturing for automobiles has increased which has made comfort, safety and
entertainment in automobiles more important. On the other hand proportion of
automobile electronics in the manufacturing cost of the vehicle is continuously
increasing which in turn demand for automotive PCB is increasing.
Automotive PCB Market Challenges
Failure in function of PCB
One of the major challenges faced by automotive
PCB market globally is failure in function of PCBs. Typically, the most common
causes of PCB failure happens due to incorrect placement of components, overheating due to lack of space on the PCB and more. Failure of function in
PCB can even happen due to poor quality components like bad soldering to cold
joints, poor-connectivity to circuit boards, insufficient board thickness and electromagnetic shielding,
bending and breaking. Failure of PCB leads to malfunction of systems in automobile.
Automotive PCB Market Landscape
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the automotive PCB market. The automotive
PCB market is dominated by major companies such Amitron, CMK, Chin Poon
Industrial Co. Ltd, Daeduck Electronics, Delphi Technologies, Meiko Electronics
Co. Ltd, Nippon Mektron Ltd, KCE Electronics, Samsung Electro-Mechanics, and
Tripod Technology Corporation.
Acquisitions/Technology Launches/Partnerships
- In Feb 2020, Lumax Industries extended a joint venture with Stanley Electric. The joint venture will provide a complete range of Stanley Electric products to the Indian automotive industry. Starting with production of printed circuit boards (PCBS) to core component of automotive lighting system for Lumax Company.
- In Sep 2019, Delphi Technologies PLC partnered with Cree Incorporation, a leader in silicon carbide semiconductors to utilize silicon carbide semiconductor device technology to enable faster, smaller, lighter and more powerful electronic systems for future electric vehicles.
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For more Automotive Market reports, please click here
LIST OF TABLES
1.Global Automotive PCB Market By Type Market 2023-2030 ($M)1.1 Double-Sided PCB Market 2023-2030 ($M) - Global Industry Research
1.2 Multi-Layer PCB Market 2023-2030 ($M) - Global Industry Research
1.3 Single-Sided PCB Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive PCB Market By Fuel Type Market 2023-2030 ($M)
2.1 Ice Vehicles Market 2023-2030 ($M) - Global Industry Research
3.Global Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 ($M)
3.1 Autonomous Vehicles Market 2023-2030 ($M) - Global Industry Research
3.2 Conventional Vehicles Market 2023-2030 ($M) - Global Industry Research
3.3 Semi-Autonomous Vehicles Market 2023-2030 ($M) - Global Industry Research
3.3.1 UK Market 2023-2030 ($M)
3.3.2 US Market 2023-2030 ($M)
4.Global Automotive PCB Market By End User & Region Market 2023-2030 ($M)
5.Global Automotive PCB Market By Type Market 2023-2030 (Volume/Units)
5.1 Double-Sided PCB Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Multi-Layer PCB Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Single-Sided PCB Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Automotive PCB Market By Fuel Type Market 2023-2030 (Volume/Units)
6.1 Ice Vehicles Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 (Volume/Units)
7.1 Autonomous Vehicles Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Conventional Vehicles Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Semi-Autonomous Vehicles Market 2023-2030 (Volume/Units) - Global Industry Research
7.3.1 UK Market 2023-2030 (Volume/Units)
7.3.2 US Market 2023-2030 (Volume/Units)
8.Global Automotive PCB Market By End User & Region Market 2023-2030 (Volume/Units)
9.North America Automotive PCB Market By Type Market 2023-2030 ($M)
9.1 Double-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
9.2 Multi-Layer PCB Market 2023-2030 ($M) - Regional Industry Research
9.3 Single-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
10.North America Automotive PCB Market By Fuel Type Market 2023-2030 ($M)
10.1 Ice Vehicles Market 2023-2030 ($M) - Regional Industry Research
11.North America Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 ($M)
11.1 Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
11.2 Conventional Vehicles Market 2023-2030 ($M) - Regional Industry Research
11.3 Semi-Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
11.3.1 UK Market 2023-2030 ($M)
11.3.2 US Market 2023-2030 ($M)
12.North America Automotive PCB Market By End User & Region Market 2023-2030 ($M)
13.South America Automotive PCB Market By Type Market 2023-2030 ($M)
13.1 Double-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
13.2 Multi-Layer PCB Market 2023-2030 ($M) - Regional Industry Research
13.3 Single-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
14.South America Automotive PCB Market By Fuel Type Market 2023-2030 ($M)
14.1 Ice Vehicles Market 2023-2030 ($M) - Regional Industry Research
15.South America Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 ($M)
15.1 Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
15.2 Conventional Vehicles Market 2023-2030 ($M) - Regional Industry Research
15.3 Semi-Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
15.3.1 UK Market 2023-2030 ($M)
15.3.2 US Market 2023-2030 ($M)
16.South America Automotive PCB Market By End User & Region Market 2023-2030 ($M)
17.Europe Automotive PCB Market By Type Market 2023-2030 ($M)
17.1 Double-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
17.2 Multi-Layer PCB Market 2023-2030 ($M) - Regional Industry Research
17.3 Single-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
18.Europe Automotive PCB Market By Fuel Type Market 2023-2030 ($M)
18.1 Ice Vehicles Market 2023-2030 ($M) - Regional Industry Research
19.Europe Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 ($M)
19.1 Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
19.2 Conventional Vehicles Market 2023-2030 ($M) - Regional Industry Research
19.3 Semi-Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
19.3.1 UK Market 2023-2030 ($M)
19.3.2 US Market 2023-2030 ($M)
20.Europe Automotive PCB Market By End User & Region Market 2023-2030 ($M)
21.APAC Automotive PCB Market By Type Market 2023-2030 ($M)
21.1 Double-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
21.2 Multi-Layer PCB Market 2023-2030 ($M) - Regional Industry Research
21.3 Single-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
22.APAC Automotive PCB Market By Fuel Type Market 2023-2030 ($M)
22.1 Ice Vehicles Market 2023-2030 ($M) - Regional Industry Research
23.APAC Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 ($M)
23.1 Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
23.2 Conventional Vehicles Market 2023-2030 ($M) - Regional Industry Research
23.3 Semi-Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
23.3.1 UK Market 2023-2030 ($M)
23.3.2 US Market 2023-2030 ($M)
24.APAC Automotive PCB Market By End User & Region Market 2023-2030 ($M)
25.MENA Automotive PCB Market By Type Market 2023-2030 ($M)
25.1 Double-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
25.2 Multi-Layer PCB Market 2023-2030 ($M) - Regional Industry Research
25.3 Single-Sided PCB Market 2023-2030 ($M) - Regional Industry Research
26.MENA Automotive PCB Market By Fuel Type Market 2023-2030 ($M)
26.1 Ice Vehicles Market 2023-2030 ($M) - Regional Industry Research
27.MENA Automotive PCB Market By Level of Autonomous Driving Market 2023-2030 ($M)
27.1 Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
27.2 Conventional Vehicles Market 2023-2030 ($M) - Regional Industry Research
27.3 Semi-Autonomous Vehicles Market 2023-2030 ($M) - Regional Industry Research
27.3.1 UK Market 2023-2030 ($M)
27.3.2 US Market 2023-2030 ($M)
28.MENA Automotive PCB Market By End User & Region Market 2023-2030 ($M)
LIST OF FIGURES
1.US Automotive Pcb Market Revenue, 2023-2030 ($M)2.Canada Automotive Pcb Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Pcb Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Pcb Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Pcb Market Revenue, 2023-2030 ($M)
6.Peru Automotive Pcb Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Pcb Market Revenue, 2023-2030 ($M)
8.Chile Automotive Pcb Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Pcb Market Revenue, 2023-2030 ($M)
10.UK Automotive Pcb Market Revenue, 2023-2030 ($M)
11.Germany Automotive Pcb Market Revenue, 2023-2030 ($M)
12.France Automotive Pcb Market Revenue, 2023-2030 ($M)
13.Italy Automotive Pcb Market Revenue, 2023-2030 ($M)
14.Spain Automotive Pcb Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Pcb Market Revenue, 2023-2030 ($M)
16.China Automotive Pcb Market Revenue, 2023-2030 ($M)
17.India Automotive Pcb Market Revenue, 2023-2030 ($M)
18.Japan Automotive Pcb Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Pcb Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Pcb Market Revenue, 2023-2030 ($M)
21.North America Automotive Pcb By Application
22.South America Automotive Pcb By Application
23.Europe Automotive Pcb By Application
24.APAC Automotive Pcb By Application
25.MENA Automotive Pcb By Application
26.Delphi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Samsung Electro-Mechanics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.CMK, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Unimicron Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Meiko Electronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Chin Poon Industrial, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.KCE Electronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Daeduck Electronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Tripod Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Nippon Mektron, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Amitron, Sales /Revenue, 2015-2018 ($Mn/$Bn)