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| Automotive PCB Market Research Report - Growth Analysis and Market Forecast 2021 |
Automotive PCB Report Insights
PCBs are essential components in electronic devices. A PCB
is a copper based board on which electrical wires are printed. These electrical
wires are connected to other electronic components on the board. PCBs are used
to upkeep and electrically connect all electronic components through conductive
paths. Hence, the demand for PCBs is directly correlated to the growth of the
automotive electronics industry and indirectly correlated to growth in vehicle
shipments. PCBs play a very important role in the automotive electronics industry,
as they form the fundamental structure of electronic connectivity. Hence as the
usage of electronics increase in vehicles, the demand for PCBs is expected to
grow.
Worldwide Automotive PCB market research report covers the
present scenario and the growth prospects of the Worldwide Automotive PCB
Market for the period 2015-2021. The report provides in-depth analysis of
market size and growth of Worldwide Automotive PCB market. This market research
report includes a detailed market segmentation of the Worldwide Automotive PCB
Market by
Automotive PCB by Technology Segmentation
Single Side PCBs
Flexible PCB
Multi-layer PCB
Automotive PCB by Application Segmentation
Interior Components
Powertrain Components
Engine Controls Components
Vehicle Lighting And Safety Systems
Automotive PCB by Geographic Segmentation
North America
APAC
Europe
Latin America
Middle East & Africa
Automotive PCB – Market Size and Dynamics
Market research analysts at Beige Market Intelligence,
expect the Worldwide Automotive PCB to reach approx. US$10.91 billion by
2021.The Worldwide Automotive PCB Market has been segmented by application,
which includes Interior Components, Powertrain components, Engine Controls
Components, and Vehicle Lighting and Safety systems. The automotive PCB market
for interior components is the largest segment in terms of application and
accounted for $2.72 billion in 2012 and is expected to grow at a CAGR of around
6% between 2012 and 2021. Engine control components include anti-lock braking
systems, ECU control units, electronic fuel injection system and automated
locking systems among others. The common industry term for electronics for
engine control is termed under the hood electronics. The automotive under the
hood market accounted for $44.8 billion in 2014 and were expected to reach $77
billion by 2021, growing at a CAGR of 8% during 2014-2021.
Automotive PCB – Geographic Analysis
The Worldwide Automotive PCB Market has been segmented on
the basis of geography.This market research report has categorised the entire
market into five regions namely North America, APAC, Europe, Latin America and
Middle East & Africa. APAC is the largest PCB market and is expected to
remain the largest during the forecast period. In 2012, APAC region accounted
for 89.7% which was around $5.53 billion of the overall automotive PCB market
and is expected to reach to $9.83 billion by 2021 growing at a CAGR of 6.6%.
North America holds the second largest market followed by Europe, Latin America
and the Middle East and Africa. APAC is the largest producer of automotive PCBs
in the world, in terms of technology this region produces the highest volume of
single-sided PCBs followed by multi-layer PCBs and Flexible PCBs.
Automotive PCB – Drivers and Trends
This market research report provides market overview of the
factors driving and restraining the growth of the market. The report also
outlines the key trends emerging in the market that will contribute to the
growth of the Worldwide Automotive PCB market during the forecast period. The
factors driving the growth of the market include Electrification of automotive
mechanics to achieve higher fuel economy. As automotive is major contributors
of environmental pollution, various governing bodies across the world have
directed regulations to reduce vehicle emissions along with increasing fuel
economy of vehicles. To comply with regulations, OEMs and tire-1 suppliers have
been actively investing in technologies to either reduce the weight of the
vehicle or introduce electronically controlled vehicle mechanism to obtain
higher accuracy in functioning leading to higher fuel efficiency and reducing
tailpipe emissions. Moreover, adoption of infotainment systems in mass mid
segment vehicles is another factor driving the growth of the market.
Some of the major challenges confronting the Worldwide
Automotive PCB market include gradual loss of low-cost advantage from Low-cost
manufacturing countries. In earlier decades, within the automotive industry,
there was an increase in outsourcing of manufacturing activities to low-cost
countries such as China, Taiwan, South Korea and India owing to the
availability of low-cost labour as compared to western countries. However,
these countries are gradually losing its cost advantage due to the raising labour
cost, for instance in China the population has become more affluent and has
moved up the learning curve leading to higher cost of employment. It is
observed that PCB manufacturers, especially in China and Taiwan have been
facing concerns over attrition as labours prefer moving to other manufacturers
for small income raise.
Another major factor curtailing the growth of Worldwide
Automotive PCB market is the shorter life cycle of automotive electronics.
Technological innovations and dynamic consumer expectations are reducing the
average life cycle of vehicles as a whole, which is adding pressure on PCB and
automotive electronics manufacturers to cater to demanding needs of OEMs and
tire-1 suppliers. The report also provides the Porter’s five forces analysis
along with a description of each of the forces and its impact on the market.
Automotive PCB – Market Share and Key Vendors
This market research report profiles the major companies in
the the market and also provides the competitive landscape of key players. Within the report covers the entire market
outlook regarding the value chain operating within the market. The major
players in the market include Meiko, Chin Poon, CMK Corp., TTM Technologies,
KCE Electronics. Other prominent vendors in the market include Daeduck
Electronics, Multek, Tripod Technology.
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