Automotive Printed Circuit Boards Market by Type, Substrate, Application, Vehicle Type

Description

List of Tables

[196 Pages Report] The Automotive Printed Circuit Boards Market size was estimated at USD 10.59 billion in 2023 and expected to reach USD 11.16 billion in 2024, at a CAGR 5.63% to reach USD 15.54 billion by 2030.

Automotive printed circuit boards (PCBs) are specialized electronic components designed for vehicle use. They are the foundation for many electronic systems within a car, supporting and connecting components such as sensors, controls, and displays. These PCBs are built to withstand the unique demands of the automotive environment, including vibrations, temperature fluctuations, and exposure to moisture and chemicals. They are crucial in facilitating the reliable performance of various automotive functions, including lighting and entertainment systems and complex systems such as engine management and safety features. The automotive industry is showcasing a significant shift toward electric vehicles (EVs), amplifying the demand for sophisticated automotive printed circuit boards (PCBs). Modern vehicles, particularly EVs, rely heavily on advanced electronics for critical functions, including battery management, infotainment systems, and enhanced safety features. This dependency improves vehicle performance and efficiency and propels market expansion for automotive PCBs, catering to contemporary automotive design's increasing complexity and technical requirements. However, integrating new printed circuit boards (PCBs) with existing technologies in the automotive industry frequently presents significant hurdles that impede market expansion. Issues with product compatibility often arise due to each vehicle model having distinct system architectures and power requirements. A significant demand for intricate PCBs capable of handling extensive real-time data processing and connectivity challenges arises as research and development in autonomous vehicles continue to grow. Investment in this sector offers market expansion opportunities by driving the need for advanced circuitry designs.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.59 billion
Estimated Year [2024]	USD 11.16 billion
Forecast Year [2030]	USD 15.54 billion
CAGR (%)	5.63%

Regional Insights

In the Americas, particularly in the United States and Canada, there is substantial investment and development in automotive technologies. The market growth in this region is stimulated by advancements in electric vehicles (EVs) and the increasing adoption of safety features such as airbags and anti-lock braking systems (ABS), which rely on sophisticated electronics supported by PCBs. The technological innovation and stringent regulations for vehicle safety further propel market expansion. The automotive printed circuit boards market growth in the Asia-Pacific region is fueled by the development of automotive technology and production in countries such as China and Japan. An increased production of electric and hybrid vehicles and rise in consumer demand for vehicles equipped with advanced driver-assistance systems (ADAS) propel the demand for advanced and multi-layer PCBs. The region's focus on cost-effective manufacturing techniques is also critical in the expanding PCB market. The automotive printed circuit boards market in the EMEA region, particularly in Europe, is growing with a strong focus on automotive innovation, environmental sustainability, and safety standards, directly influencing the PCB market. European automakers are implementing next-generation automotive technology, including connected car systems and automated driving, which require complex PCBs. The Middle East and Africa are showcasing growth owing to increasing vehicle sales and an expanding automotive sector.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Printed Circuit Boards Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Shift toward electric vehicles due to growing environmental concerns
- Modern vehicles reliance on electronics to perform essential functions

Market Restraints
- Challenges in raw material availability impacting supply chains

Market Opportunities
- Government push for sustainable transportation worldwide
- Investment in autonomous and semi-autonomous vehicle technology

Market Challenges
- Issues with product compatibility and integration with existing automotive technologies

Market Segmentation Analysis
- Type: Growing demand for multi-layer PCBs due to their ability to support complex, compact, and high-performance electronic architectures
- Vehicle Type: Increasing adoption in passenger vehicles due to the systems' complexity and rapid incorporation of new technologies

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Printed Circuit Boards Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Printed Circuit Boards Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Partnership Boosts Indian PCB Manufacturing Through Collaboration with South Korean Tech Firms

Amber Group, an Indian technology company, has recently signed a Memorandum of Understanding (MoU) with Korea Circuit and A YoungPoong Group, both South Korean firms in the manufacturing of semiconductor substrates and printed circuit boards (PCBs). This partnership is poised to strengthen India's capabilities in producing flexible HDI (High-Density Interconnect) PCBs, a crucial component in the automotive industry and various electronic devices. By collaborating with these established South Korean companies, Amber Group aims to leverage their advanced technological expertise and substantial industry experience to enhance the production quality and capacity of PCBs in India. [Published On: 2024-01-25]

ICAPE Group Expands Global Presence through Strategic Acquisitions in the U.S.

ICAPE Group, a key player in the electronics industry specializing in printed circuit boards (PCBs) and customized technical parts (CTPs), has significantly bolstered its international market position with the acquisition of three U.S.-based companies, Ustek Incorporated, PCB Solutions, and Nujay Technologies Inc. This strategic move aims to enhance the group's service capability across North America and reflects its commitment to providing enhanced customer service and technical support. [Published On: 2023-10-02]

Enhancements in Automotive PCB Technologies to Boost Electric Vehicle Performance

Infineon Technologies AG and Schweizer Electronic AG announced significant advancements in automotive printed circuit boards (PCBs) designed to enhance the reliability of electric vehicle (EV) systems. With a focus on high-temperature resistance and greater durability, these PCBs are expected to substantially improve the operational efficacy of EV power electronics. This innovation aims to elevate vehicle performance through more efficient electrical designs and contribute to the longevity and safety of electric vehicles. [Published On: 2023-04-26]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Printed Circuit Boards Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Printed Circuit Boards Market, highlighting leading vendors and their innovative profiles. These include Advanced Circuits, Inc., Amitron Corp., Aspocomp Group PLC, AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, CHIN POON Industrial Co., Ltd., CMK CORPORATION, Eltek Ltd. by Delta Electronics, Express Circuits Group, Ibiden Co., Ltd., KCE Electronics Ltd., MEIKO ELECTRONICS CO., LTD., Multek Corporation, Multi-Fineline Electronix, Inc. by Suzhou Dongshan Precision Manufacturing Co.,Ltd, National Technology Inc., NIPPON MEKTRON, LTD., Rogers Corporation, Samsung Electro-Mechanics Co. Ltd., Schweizer Electronic AG, TTM Technologies, Inc., and Zhen Ding Technology Holding Limited.

Market Segmentation & Coverage

This research report categorizes the Automotive Printed Circuit Boards Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Double-Sided PCBs
- Multi-Layer PCBs
- Single-Sided PCBs

Substrate
- Flexible
- Rigid
- Rigid-Flex

Application
- Driver Assistance Systems
- Engine Control Components
- Entertainment Systems
- Navigation Systems
- Transmission Electronics

Vehicle Type
- Commercial Vehicles
- Passenger Vehicles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-5D693B46BFEA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Shift toward electric vehicles due to growing environmental concerns
  - 5.1.1.2. Modern vehicles reliance on electronics to perform essential functions
- 5.1.2. Restraints
  - 5.1.2.1. Challenges in raw material availability impacting supply chains
- 5.1.3. Opportunities
  - 5.1.3.1. Government push for sustainable transportation worldwide
  - 5.1.3.2. Investment in autonomous and semi-autonomous vehicle technology
- 5.1.4. Challenges
  - 5.1.4.1. Issues with product compatibility and integration with existing automotive technologies
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing demand for multi-layer PCBs due to their ability to support complex, compact, and high-performance electronic architectures
- 5.2.2. Vehicle Type: Increasing adoption in passenger vehicles due to the systems' complexity and rapid incorporation of new technologies
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Printed Circuit Boards Market, by Type

6.1. Introduction
6.2. Double-Sided PCBs
6.3. Multi-Layer PCBs
6.4. Single-Sided PCBs

7. Automotive Printed Circuit Boards Market, by Substrate

7.1. Introduction
7.2. Flexible
7.3. Rigid
7.4. Rigid-Flex

8. Automotive Printed Circuit Boards Market, by Application

8.1. Introduction
8.2. Driver Assistance Systems
8.3. Engine Control Components
8.4. Entertainment Systems
8.5. Navigation Systems
8.6. Transmission Electronics

9. Automotive Printed Circuit Boards Market, by Vehicle Type

9.1. Introduction
9.2. Commercial Vehicles
9.3. Passenger Vehicles

10. Americas Automotive Printed Circuit Boards Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive Printed Circuit Boards Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive Printed Circuit Boards Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Partnership Boosts Indian PCB Manufacturing Through Collaboration with South Korean Tech Firms
- 13.3.2. ICAPE Group Expands Global Presence through Strategic Acquisitions in the U.S.
- 13.3.3. Enhancements in Automotive PCB Technologies to Boost Electric Vehicle Performance
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio