Global Automotive Printed Circuit Board (PCB) Market Analysis 2020 report has been released by ResearchAndMarkets.com.
According to the report, the market is expected to reach $15.07 billion by 2026 growing at a CAGR of 7.3 per cent per annum during 2019 to 2026.
PCB is mainly used to mechanically support and electrically connecting electronic or electrical components utilizing pads, conductive tracks and other features, it added.
The boards consist of printed pathways which connect different components on the PCB, such as resistors, transistors and integrated circuits. Utilization of PCB in the automotive industry includes management of the radar, GPS, mirror controls, engine, entertainment systems, digital displays and power relays timing systems.
Battery electric vehicle segment
The report said that based on fuel type, the battery electric vehicle (BEV) segment is going to have a lucrative growth as BEVs are incorporated with more number of electric components, ECUs, and PCBs in the drive train, interior, and body areas and BEV manufacturers are also adopting advanced technologies to attract more customers.
Factors like increasing demand for vehicles coupled with infotainment systems, increased incorporation of advanced safety, convenience, and comfort systems and growing demand for electric vehicles are driving the market growth. On the other hand, increasing consumer preference for BYOD is restraining the market growth, said the report.
Amitron, Chin Poon Industrial, CMK, Daeduck Electronics, Delphi, Infineon, KCE Electronics, Meiko Electronics, Nippon Mektron, Samsung Electro-Mechanics, Tripod Technology and Unimicron Technology are the key vendors which have been mentioned in the latest research report.
(With inputs from Automotive Lead Research Team)
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