Global and China Automotive PCB Market Report 2021-2026
DUBLIN, November 2, 2021 / PRNewswire / – The “Global and Chinese Automotive PCB Industry Report, 2021” report was added to ResearchAndMarkets.com offer.
The share of electronics in the curb weight of a vehicle is increasing, up to 34.3% in 2020, which is accompanied by a greater number of entertainment and safety functions of the vehicle and the growth of new energy vehicles. This gives a direct boost to the demand for automotive printed circuit boards (PCBs).
The COVID-19 outbreak in 2020 has reduced global vehicle sales and caused a sharp contraction of the industry scale for $ 6,261 million. However, the gradual control of the epidemic has boosted sales a lot. In addition, the increasing penetration of ADAS and new energy vehicles will promote sustained growth in demand for PCBs, which is expected to exceed $ 12 billion in 2026.
As the largest PCB manufacturing base and also the largest vehicle production base in the world, China requires a large number of PCBs. From an estimate, from China the automotive PCB market was worth up to $ 3,501 million in 2020.
Vehicle intelligence increases demand for PCBs.
As consumers demand safer, more comfortable, and smarter cars, vehicles tend to be electrified, digitized and smart. ADAS needs many PCB-based components such as sensors, controllers and security systems. Vehicle intelligence therefore directly stimulates the demand for PCBs.
In the case of the ADAS sensor, the average intelligent vehicle is equipped with several cameras and radars to activate the driver assistance functions. An example is Tesla Model 3 which contains 8 cameras, 1 radar and 12 ultrasonic sensors. On an estimate, the PCB for Tesla Model 3 ADAS sensors is rated at RMB536 To 1,364 RMB, or 21.4% to 54.6% of the total value of PCBs, clearly showing that vehicle intelligence drives demand for PCBs.
The electrification of vehicles stimulates the demand for PCBs.
Unlike conventional vehicles, new energy vehicles need PCB-based power systems like an inverter, DC-DC, on-board charger, power management system and motor controller, which directly increases the demand for PCBs. Examples include Tesla Model 3, a model with a total PCB value greater than 2,500 RMB, 6.25 times that of regular gasoline vehicles.
In recent years, the global penetration of new energy vehicles has increased. Major countries have formulated policies favorable to the new energy vehicle industry; Traditional automakers are also rushing to launch their development plans for new energy vehicles. These movements will be a major contributor to the expansion of new energy vehicles. It is conceivable that the global penetration of new energy vehicles will accelerate in the years to come.
The global market for PCBs for new energy vehicles is expected to be worth 38.25 billion RMB in 2026, as new energy vehicles become mainstream and demand for higher levels of vehicle intelligence drives growth in the value of PCBs per vehicle.
Local vendors have played a role in the more severe competition in the market.
At present, the global automotive PCB market is dominated by Japanese players such as CMK and Mektron and from Taiwan actors like CHIN POON Industrial and TRIPOD Technology. The same is true for the Chinese automotive PCB market. Most of these players have built production bases in mainland China.
In mainland China, local companies take a small share of the automotive PCB market. Yet some of them are already making market deployments, with increasing revenues from automotive PCBs. Some companies have a customer base spanning the world’s major auto parts suppliers, which means it’s easier for them to get larger orders to grow stronger. In the future, they could dominate the market more.
The capital market helps local actors.
Over the past two years, automotive PCB companies have sought capital support to expand their capabilities to gain more competitive advantages. With the support of the capital market, local players will naturally become more competitive.
Automotive PCB products are moving towards the high end and local companies are making deployments.
At present, automotive PCB products are dominated by double-layer and multi-layer boards, with relatively low demand for HDI boards and high-speed high-frequency boards, high-value-added PCB products that will be in greater demand at the future as the demand for vehicles, communication and interiors multiply and electrified, smart and connected vehicles grow.
The overcapacity of low-end products and the fierce price war make companies less profitable. Some local businesses tend to deploy high added value products to become more competitive.
Automotive PCB Market Development Trends
- Vehicle electrification drives demand for PCBs
- Vehicle intelligence increases demand for PCBs
- Development of on-board infotainment system increases demand for PCBs
- Capital Market helps local businesses increase their capacity
- Local companies are working to deploy high-end automotive PCB products
- The great efforts of local companies to develop automotive PCBs are expected to increase their market share
Main topics covered:
1 Overview of Automotive PCB Industry
1.3 Classification and application
1.4 Industrial chain
1.5 Development history
1.6 automotive PCB
2 Automotive PCB Industry
2.1 Market size
2.2 Product structure
2.3 Regional development structure
2.4 Competitive model
2.5 TOP 20 Global PCB Companies
2.6 TOP 20 Chinese PCB Companies
2.7 Competitive Model of Global Automotive Printed Circuit Board Industry
2.8 Industrial distribution of PCBs in China
2.9 Competitive model of from China Automotive PCB Industry
2.10 Automotive Printed Circuit Board Market Development Trends
2.11 Automotive PCB Technology Development Trends
3 foreign PCB companies
3.1 TTM technologies
3.2 CMK electronics
3.3 Meiko electronics
3.4 KCE electronics
3.7 Japanese Mektron
3.8 Gul Technologies
4 PCB companies in mainland China
4.1 WUS PCB
4.2 Guangdong Ellington Electronic Technology
4.3 Technology of the Olympic country
4.4 Suzhou Dongshan Precision Manufacturing
4.5 Shenzhen Kinwong Electronics
4.6 Avary Holding
4.7 Shennan Circuits
4.8 Founding technology group
4.9 Victory Giant Technology
4.10 Guangdong Goworld
4.11 Bomin electronics
4.12 Aoshikang technology
4.13 Huizhou China Eagle Electronic Technology
4.14 Suntak technology
4.15 Jiangsu Xiehe electronics
4.16 Sihui Fuji electronic technology
4.17 Guangdong Kingshine Electronic Technology
4.18 Camelot electronic technology
4.19 Kingboard Holdings Limited
4.19.1 PCB Business
5 PCB companies in China Taiwan
5.1 Zhen Ding technology
5.2 Unimicron technology
5.3 CHIN POON Industrial
5.4 Tripod technology company
5.5 Unitech Printed Circuit Board Corp.
5.6 HannStar card
5.7 Nan Ya PCB
5.8 Dynamic electronics
For more information on this report, visit https://www.researchandmarkets.com/r/hhaa7y
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SOURCE Research and Markets