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Allied Market Research

Automotive PCB Market by Type (Single-Sided, Double-Sided, and Multi-Layer), Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, and Internal Combustion Engine Vehicles), End User (Passenger Car, and Commercial Vehicle), Application (ADAS, Body, Comfort, Infotainment System, Powertrain Components, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12244
Pages: NA
Sep 2021 | 55 Views
   
Author(s) : Sonia Mutreja
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COVID-19

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Automotive PCB Market Outlook 2030 -

A printed circuit board (PCB) is a board base for physically supporting and wiring the components in most electronic applications. A PCB consists of printed paths that connect different components on the PCB, such as transistors, resistors, and integrated circuits. PCBs are used in a variety of automotive applications, including power relays, ECU control modules, anti-lock braking systems, digital displays, transmission sensors, vehicle radars, and stereo and audio components. The significant increase in the use of PCBs in modern cars can be attributed to factors such as the growth of the electric vehicle (EV) segment and the increasing focus on occupant safety, convenience, and comfort. Luxury vehicles use a variety of PCBs because these vehicles are equipped with advanced electronic systems that can provide end users with better safety, comfort, and convenience. Therefore, it is expected that the light luxury car segment will occupy an important market share in the global passenger car market during the forecast period. The ADAS and basic safety segment is estimated to attain the largest market size in the global market. The regulatory bodies of many countries are mandating some of the ADAS features and the execution of basic safety systems such as ABS, anti-lock braking system, and TPMS.

Market scope and structure analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Type, Vehicle Type, End User, Application, and Region

 Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

 Companies covered

Delphi Technologies, Samsung Electro-Mechanics, Meiko Electronics Co.,Ltd., Unimicron Technology Corporation, Chin Poon Industrial Co., Ltd., Daeduck Electronics, KCE Electronics, Tripod Technology Corporation, Amitron, and Nippon Mektron Ltd.

 

COVID-19 Impact analysis

The COVID-19 impact on the automotive PCB market is unpredictable and is expected to remain in force till the second quarter of 2021. The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. Consequently, several organizations started work from home programs as safety measures. This led to sudden fall in demand for automobiles across the world. Moreover, nationwide lockdowns disrupted the supply-chain as several manufacturing facilities across the globe had to partially or fully shut down their operations. The adverse impacts of the COVID-19 pandemic resulted in huge supply-demand issues globally.

Top Impacting Factors

  • Growing electric vehicles sales, rising demand for automatic automotive switches, and rising demand for accessories & features are driving the growth of the market.
  • Increasing consumer preference for Bring Your Own Device (BYOD) is expected to hamper the growth of the market.
  • Growing economy, and rising disposable income can be seen as an opportunity for the market investments.

The automotive PCB market trends are as follows:

Growth in Electric Vehicles Sales

Sales of electric vehicles are expected to grow at a higher compound annual growth rate during the forecast period. Owing to the increasing concern on global emissions from vehicles as well as growing government initiatives to increase the sales of electric vehicles. For instance, the Norway government is providing benefits such as no road tax, exemption from import duty and also investing heavily in infrastructure to promote sales of electric vehicles and make the region eco-drive zone by 2025. Companies manufacturing automotive PCB are signing contract with the automaker and joint venture with other company to lead the market. For instance, in February 2020, Lumax Industries extends a joint venture with Stanley Electric, Japan. The joint venture will provide a complete range of Stanley Electric products, current and future, to the Indian automotive industry.. The joint venture will extend its product line to Heating Ventilation Air Conditioning panel (HVAC) in the near future. The product will be localized and manufactured at the newly set up electronic facility at Bawal, Haryana and the company is already in discussion with Japanese OEMs. With increasing sales of electric vehicles as well as adoption of advance driver assistance system (ADAS) technology installed in vehicle are likely to drive the demand for automotive PCB market during the forecast period.

Key segments covered:

Segments

Subsegments

 Type

  • Single-Sided
  • Double-Sided
  • Multi-Layer

 Vehicle Type

  • Battery Electric Vehicles
  • Hybrid Electric Vehicles
  • Internal Combustion Engine Vehicles

 End User

  • Passenger Car
  • Commercial Vehicle

 Application

  • ADAS
  • Body
  • Comfort
  • Infotainment System
  • Powertrain Components
  • Others

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the automotive PCB market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive PCB market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the automotive PCB market growth scenario.
  • The report provides a detailed automotive PCB market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive PCB market research report:

  • Which are the leading market players active in the automotive PCB market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive PCB market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
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  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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