The Automotive PCB market is estimated to be worth USD 8.21 billion in 2017 and is projected to reach to USD 12.43 billion by 2025, growing at a CAGR of 5.33% from 2017 to 2025. The market growth is primarily driven by factors such as increasing demand for safety and comfort features in a vehicle.
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However, the ECU consolidation is considered a restraint for the global automotive PCB market.
- Automotive PCB Manufacturers
- Automotive Cockpit Electronics Manufacturers
- Automotive Powertrain Manufacturers
- Automotive Safety and Comfort System Manufacturers
- Industry Associations
- Raw Material Suppliers for Automotive PCB Manufacturers
- The Automobile Industry as an End User, Traders, Distributors, and Suppliers of Automotive PCBs
Asia Pacific is estimated to be the fastest growing region in the automotive PCB market during the forecast period.
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The region comprises technologically advanced markets for automotive such as China and Japan along with the developing countries such as India. The growing number of luxury vehicles and the increasing demand for advanced cockpit electronics and basic safety system are propelling the growth of automotive PCBs in the region.
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The Multi-Layer PCB segment is estimated to be the fastest growing segment of the automotive PCB market during the forecast period. Most of the automotive OEMs are incorporating advanced electronic systems such as HUDs, reconfigurable instrument cluster, rear seat entertainment, drive mode selector, advanced telematics, and electric power train.
This is anticipated to drive the multi-layer PCB market.
Luxury light duty vehicles segment is estimated to hold the largest market size during the forecast period, as these vehicles are equipped with advanced vehicle electronics functions for comfort and convenience. The vehicle manufacturing companies are trying to introduce advanced functions, such as voice recognition, gesture control, and fatigue monitoring, to stand out among the competition.
The increasing number of such applications is fueling the growth of automotive PCB market for luxury light duty vehicle segment.
Automotive PCB Market, By Application
2 Adas and Basic Safety
3 Body, Comfort and Vehicle Lighting
4 Infotainment Components
5 Powertrain Components
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The report covers automotive PCB market by type (double-sided, multi-layer, and single-sided), by end user (economic, mid-priced, and luxury light-duty vehicles), by application (ADAS and basic safety, body, comfort & vehicle lighting, infotainment components, and power train components), by fuel type (BEV, hybrid, and ICE), by level of autonomous driving (autonomous, conventional, and semi-autonomous) and by region (Asia Pacific, Europe, North America, and Rest of the world)
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