Automotive PCB Market Overview
Electronic computer-supported design software is available to do much of the layout work. Mass-producing circuits with PCBs are faster and cheaper than other wiring methods, as components are climbed up and wired in one operation. More numbers of PCBs can be made-up simultaneously, and the layout has to be done only once. With decreased benefits, PCBs can also be made manually in small quantities. The automotive PCB market is expected to be valued at USD 9.70 Billion with a CAGR of 6% Forecast by 2027.
The Printed circuit boards are used in all but the simplest electronic products. They are used in some electrical products, such as passive switch boxes. Replacements of PCBs include wire wrap and point-to-point construction, both were once upon a time popular, but now they are rarely used. PCBs require the additional design to layout the circuit, but manufacturing and assembling can be automated.
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The growing electric vehicles sales are operating the market growth due to the increase in concern of emissions from vehicles globally and growing government initiatives to increase the sales of electric vehicles. The Norway government is providing advantages like exemption from import duty, no road tax, and also investing a heavy amount in structure to promote the sales of electric vehicles and make the region an eco-drive zone by 2027. A rise in sales of electric vehicles and the adoption of advanced driver assistance system technology are likely to operate the demand for the Automotive PCB Market during the estimated period.
Automotive PCB Market segmentation
The market is segmented by type, end-user, application, and region.
By Vehicle Type
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Internal Combustion Engine (ICE) Vehicles
Body and Comfort
By Level of Autonomous Driving
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Automotive PCB Market Regional Analysis
Asia Pacific is expected to dominate the PCB market for automotive by volume and value. The growth of the market is due to the rising in production and demand for passenger cars and electric vehicles. The rise in the market share of growing purchasing power of the consumers, advanced electronics in vehicles and good consumer awareness of safety structures in the developing countries are the main factors operating the PCB market for automotive in Asia Pacific Region.
Rest of the World
This Automotive PCB market report says it has explored the new developments, trends, and prospects and forecasts the current status and prospects of the market from 2022 to 2030.
1 Executive Summary
2 Market Introduction
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 List Of Assumptions 22
2.4 Market Structure 23
3 Research Methodology
3.1 Research Process 25
3.2 Primary Research 26
3.3 Secondary Research 27
3.4 Market Size Estimation 27
3.5 Forecast Model 28
4 Market Dynamics
4.1 Introduction 30
4.2 Drivers 30
4.2.1 Surge In Demand For Electric Vehicles Worldwide 30
4.2.2 Increasing Demand For Advanced Safety, Convenience, And Comfort Systems 31
4.2.3 Growth Of Automotive Industry 32
4.2.4 Drivers Impact Analysis 33
4.3 Restraints 33
4.3.1 Risk Of Operational Failures 33
4.3.2 BYOD Trend 33
4.3.3 Restraints Impact Analysis 34
4.4 Opportunity 34
4.4.1 Increasing Adoption Autonomous Vehicles 34
4.5 Trends 34
4.5.1 Artificial Intelligence In Automotive Industry 34
4.5.2 Augmented Reality (AR) In Automotive Industry 35
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