Automotive PCB Market Trends

Drivers

Electrification of Vehicles

• Automotive companies are focusing on adding more advanced digital technologies and electronic components to their vehicles to enhance the driving experience. Moreover, the use of electronic motors and other systems to enhance performance of vehicles is also contributing to the high electrification of automotive industry thereby promoting automotive PCB sales as well.

Emphasis on Advanced Vehicle Safety

• Rising incidence of road accidents and mortality rates due to the same has resulted in high demand for advanced vehicle safety systems and solutions. Most advanced safety systems such as advanced driver assistance system (ADAS) require data from sensors and process it to provide better safety for drivers and passengers thereby benefiting market growth potential.

Restraints

High Costs of Advanced PCBs

• Automotive PCBs are mostly affordable these days due to advancements in semiconductor technologies. The same cannot be stated for advanced automotive PCBs as they often involve expensive development or manufacturing approaches resulting in higher product costs. These high costs of advanced automotive PCBs are expected to inhibit market growth in the future.

Supply Chain Disruptions

• Raw materials required to produce automotive PCBs are subject to supply chain disruptions that could affect the demand and supply for finished products. These disruptions could reduce the profits of automotive PCB companies and even cause potential losses if not handled correctly, which in turn, results in slowed market development.