Market overview
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 PCBinclude wire wrap and point-to-point construction, both were once upon a time popular, but now they are rarely used. PCBrequire the additional design to layout the circuit, but manufacturing and assembling can be automated.
Electronic computer-supported design software is available to do much of the layout work. Mass-producing circuits with PCBare faster and cheaper than other wiring methods, as components are climbed up and wired in one operation. More numbers of PCBcan be made-up simultaneously, and the layout has to be done only once. With decreased benefits, PCBcan also be made manually in small quantities.The automotive printed circuit boards marketis estimated to have a CAGRof 6% during the predicted period.
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 Norwaygovernment 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-drivezone by 2025. A rise in sales of electric vehicles and the adoption of advanced driver assistance system technology are likely to operate the demand for theautomotive printed circuit boardsmarketduring the estimated period.
Market segmentation
The market is segmented by type, end-user, application, and region.
By type
lSingle-sided
lDouble-sided
lMulti-layer
By vehicle type
lBattery electric vehicles (bevs)
lHybrid electric vehicles (hevs)
lInternal combustion engine (ice) vehicles
By end-user
lPassenger car
lCommercial vehicle
By application
lAdas
lBody and comfort
lInfotainment system
lPower traincomponents
lOthers
By level of autonomous driving
Autonomous
lSemi-autonomous
lConventional
By region
lNorth america
lEurope
lAsia pacific
lRest of the world
Regional analysis
Asia pacific is expected to dominate the PCBmarket 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 PCBmarket for automotive in Asiapacific region.
Industrial news
This automotive printed circuit boardsmarket report says it has explored the new developments, trends, and prospects and forecasts the current status and prospects of the market from 2022 to 2029.
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