The "Automotive Printed Circuit Board (PCB) Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The Automotive PCB Market is anticipated to register a CAGR of about 6%, during the forecast period (2020-2025).
Samsung Electro mechanics
Deaduck Phil. Inc.
Key Market Trends
Growing Electric Vehicles Sales Driving the Market Growth
Among the vehicle fuel types, battery electric vehicles sales are expected to grow at a higher CAGR during the forecast period. Due to the increasing concern on global emissions from vehicles as well as growing government initiatives to increase the sales of electric vehicles. For instance, the Norway government is providing benefits like no road tax, exemption from import duty and also investing heavily in infrastructure to promote sales of electric vehicles and make the region eco-drive zone by 2025.
With increasing sales of electric vehicles as well as adoption of advance driver assistance system (ADAS) technology in them are likely to drive the demand for automotive PCB market during the forecast period.
Asia Pacific Captures Major Market Share
The region accounts for almost 60% of world's population and major developing economies of the world like China and India. During the forecast period, these economies are expected to grow much faster owing to the activities in construction, transportation, industrialization, etc. With these trends, the demand for automobiles increased in the Asia-Pacific and driven several governments in the region to mandate few active and passive safety features in vehicles which in turn boosted the automotive PCBs market growth in Asia-Pacific.
The governments in the region are providing subsidies to the electric vehicle buyers to drive the purchase rate of EVs in the region. For instance, the government in Japan is aiming to eliminate the adoption of internal combustion engine vehicles in the country by 2050, to support this objective, the country started providing one-time subsidy for buyers when purchasing an EV. For instance, 30-kWh Nissan Leaf owners can get approximately USD 3000 grant. The maximum subsidy is capped at around USD 7700, and it is based on a driving range of a vehicle. Also, a 50% reduction of annual automobile tax for Consumers purchasing zero-emission EVs.
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Passenger Car
5.1.2 Commercial Vehicle
5.2 Propulsion Type
5.2.1 IC Engine
5.3.1 North America
18.104.22.168 United States
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.3 Rest of the World
188.8.131.52 United Arab Emirates
184.108.40.206 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/scsoh4
View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005769/en/
Laura Wood, Senior Press Manager
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