Automotive PCB Market Global Industry Analysis 2018 To 2023 Research Report

Posted by Abhijeet Bendre on September 25th, 2018

Automotive PCB Market Research Report - Global Forecast to 2023 by Type (Single-sided, Double-sided, and Multi-layer), Autonomous Driving (Autonomous Vehicles, Conventional Vehicles, and Semi-Autonomous Vehicles), Application (ADAS, Body & Comfort, Infotainment Components, Powertrain Components, and Others), Vehicle Type (Passenger Car and Commercial Vehicle), and region.

Market Scenario

Automotive PCB is mechanical support that provides connection with other electronic and electrical components using conductive tracks, pads, and others. The different components of the circuit are soldered onto the PCB board to make it functional. PCB is used in all types of electronic components and electrical components where passive switch is required. They require additional design to layout the circuit and are manufactured and assembled by means of automation. There is specialized software used to layout the work such as CAD software. There are a large number of PCB that are fabricated simultaneously, and the layout are done at once. PCBs are of different types that include single-sided, double-sided, and multi-layer. In the technology driven automotive industry, there has been an increase in the use of electronics and electrical components, which will result in growing use of PCB in vehicles. This will result in the growth of the market during the forecast period.

On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period due to increase in the production of passenger and commercial vehicles in the emerging countries such as India, China, and Japan. In Asia Pacific, there has been an increase in preference for installation of high end technology in the vehicle. The increased preference of the customers in the vehicle, will result in growing demand for the usage of PCBs. This growing demand for PCBs, will drive the market in future. North America is expected to be the second largest market that is expected to grow during the forecast period due to the increase in demand for high end passenger cars. The growing demand for high end passenger cars will require increased installation of PCBs in the vehicle. This will drive the market in future. Europe is expected to be the third largest market that is expected to grow during the forecast period. In Europe, there has been a growing demand for safety in the vehicles. The growing demand for safety will result in increased installation of electrical and electronic components in the vehicle. This fwill result in the growth of the market in future.

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