According to a market report by Lucintel, the future of the automotive PCB market looks promising with opportunities in ADAS and basic safety, body, comfort, and vehicle lighting, infotainment component, and powertrain component applications. The global automotive PCB market is expected to reach an estimated $7.8 by 2028 with a CAGR of 6.7% from 2023 to 2028. The major drivers for this market are growing demand for vehicles with convenience and comfort systems, increasing sales of hybrid electric vehicles (HEV) and battery electric vehicles, and rising trend of miniaturization and electrification in the automotive industry.
In this market, double-sided PCB, multi-layer PCB, and single-sided PCB are the major segments of automotive PCB market by product type. Lucintel forecast that multi-layer PCB is expected to witness the highest growth over the forecast period due to growing demand for highly advanced electronics, such as camera modules, windshield HUDs, and enhanced telematics.
Within this market, ADAS and basic safety is expected to remain the largest application segment due to growing demand for autonomous vehicles and increasing penetration of safety technologies, such as ABS, anti-lock brakes, and TPMS in vehicles.
APAC will remain the largest region due to the increasing demand for passenger cars and electric vehicles, rising consumer awareness towards safety features, and presence of major automakers in the region.
Delphi Technologies, Daeduck Electronics, Meiko Electronics, Unimicron Technology Corporation, and Chin Poon Industrial are the major suppliers in the global automotive PCB market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive PCB market by product type, application, vehicle type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive PCB Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive PCB market by product type, application, vehicle type, and region, as follows:
Automotive PCB Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Double-Sided PCB
Multi-Layer PCB
Single-Sided PCB
Others
Automotive PCB Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
ADAS and Basic Safety
Body, Comfort, and Vehicle Lighting
Infotainment Components
Powertrain Components
Others
Automotive PCB Market by Vehicle Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Passenger Cars
Commercial Vehicles
Automotive PCB Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global automotive PCB market by product type (double-sided PCB, multi-layer PCB, and single-sided PCB), application (ADAS and basic safety, body, comfort, and vehicle lighting, infotainment components, and powertrain components), vehicle type (passenger cars and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?