Automotive PCB market Trend Analysis II

PCB value distribution of the five automotive systems.

Automobile electronization resonates with the trend of new energy, automotive PCB market expansion. Five automotive electronic systems promote PCB product upgrade. From the perspective of automotive PCB application scale division, among the five systems, market size order ranks as below: power engine control system > car body control safety system > vehicle communication system > vehicle interior installation system > lighting system. The functional upgrade of the five systems in the future will promote the application level of PCB products to a higher level:

1) Power engine control, high voltage, high current, thick copper processing technology;

2) Body control safety system: high frequency signal transmission, using high frequency materials;

3) Vehicle-mounted communication and interior decoration, switching from multi-layer boards to high-density interconnection boards;

4) Lighting: LED lights are used, and metal substrate is required for heat dissipation.

HDI products will be further penetrated in the automotive systems.

Automobile PCB currently has 4-6 layers, and the proportion of HDI, thick copper plate and high-frequency plate is expected to increase. In the future, with the trend of automobile electronic development, millimeter wave radar should be added and high-frequency materials should be used to increase the demand for RF boards. The demand of new energy vehicles for high current and high voltage is increasing, and the demand for thick copper board is expected to reach a higher level. HDI products are expected to be further penetrated in the in-car entertainment system.

The increase in sales of electric vehicles drives the growth of the automotive PCB market.

Under the background of increasing the value of automotive PCB, the growth rate of automotive PCB market gradually gets rid of the auto sales cycle. 

Auto sales are picking up, and auto electronization resonates with the penetration trend of new energy vehicles, driving the rapid expansion of automotive PCB market. Compared with traditional fuel vehicles, the power system of new energy vehicles has increased the PCB value. The amount of PCB in new energy systems such as inverters, DC-DC, on-board chargers, BMS and motor controllers is higher than that of fuel vehicles.

People are increasingly concerned about global car emissions and government initiatives to increase sales of electric vehicles. The demand for convenience and comfort systems and the market growth apply to hybrid electric vehicles and battery electric vehicles. As a result, the sales of electric vehicles will grow at a higher compound annual growth rate. 

Growing electric vehicles sales are driving the PCB market growth. With the increasing adoption of advanced driver assistance systems (ADAS) technology in electric vehicles, the demand for the automotive PCB market has gradually increased.  It is expected that in the next few years, the use of automotive PCBs in ADAS systems will become more and more widespread.