Strategic Assessment of Worldwide Automotive Pcb Market – Forecast Till 2021: Jsbmarketresearch

Strategic Assessment of Worldwide Automotive PCB Market – Forecast Till 2021

Released on 5th March 2016

Automotive PCB Report Highlight

PCBs are essential components in electronic devices. A PCB is a copper based board on which electrical wires are printed. These electrical wires are connected to other electronic components on the board. PCBs are used to upkeep and electrically connect all electronic components through conductive paths. Hence, the demand for PCBs is directly correlated to the growth of the automotive electronics industry and indirectly correlated to growth in vehicle shipments. PCBs play a very important role in the automotive electronics industry, as they form the fundamental structure for electronic connectivity. Hence as the usage of electronics increase in vehicles, the demand for PCBs is expected to grow. Market research analysts at Beige Market Intelligence, expect the Worldwide Automotive PCB to reach approx. US$10.91 billion by 2021.

Automotive PCB Application Segmentation

The Worldwide Automotive PCB Market has been segmented on the basis of application, which includes Interior Components, Powertrain components, Engine Controls Components, and Vehicle Lighting and Safety systems. The automotive PCB market for interior components is the largest segment in terms of application and accounted for $2.72 billion in 2012 and is expected to grow at a CAGR of around 6% between 2012 and 2021. Engine control components include anti-lock braking systems, ECU control units, electronic fuel injection system and automated locking systems among others. The common industry term for electronics for engine control is termed under the hood electronics. The automotive under the hood market accounted for $44.8 billion in 2014 and were expected to reach $77 billion by 2021, growing at a CAGR of 8% during 2014-2021.

Automotive PCB Geographic Segmentation

The Worldwide Automotive PCB Market has been segmented on the basis of geography. This...