HardwareBee
https://www.nuvation.com/
  • Find ASIC Vendors
  • Design Services Directory
    • FPGA Design Services
    • Electronic Design Services
    • Embedded Software Companies
    • Add your company
  • Get Price Quotes From Vendors
    • Electronic Design Companies
    • FPGA Design Companies
    • Embedded Software Companies
    • Design & Manufacturing Companies
    • Get IC Device Prices
  • Emerging ICs Directory
    • UWB
      • Spark Microsystems
    • FPGA
      • Colonge Chip
      • Rapid Silicon
    • Radar
      • Acconeer
    • Add your IC
  • Get IC Prices
  • WikiBee
  • Resources
    • FPGA Academy
    • Embedded Academy
    • FPGA vs ASIC Calculator
    • Watt to dBm Converter
    • dBm to Watt Converter
  • Pricing
    • Get Your Company Listed
    • Book a Demo
    • Get a Monthly Lead List
HardwareBee
  • Design Services Directory
    • FPGA Design Services
    • Electronic Design Services
    • Embedded Software Companies
    • Add your company
  • Get Price Quotes From Vendors
    • Electronic Design Companies
    • FPGA Design Companies
    • Embedded Software Companies
    • Design & Manufacturing Companies
    • Get IC Device Prices
  • Emerging ICs Directory
    • UWB
      • Spark Microsystems
    • FPGA
      • Colonge Chip
      • Rapid Silicon
    • Radar
      • Acconeer
    • Add your IC
  • Get IC Prices
  • WikiBee
  • Resources
    • FPGA Academy
    • Embedded Academy
    • FPGA vs ASIC Calculator
    • Watt to dBm Converter
    • dBm to Watt Converter
  • Pricing
    • Get Your Company Listed
    • Book a Demo
    • Get a Monthly Lead List
2548 Views

Automotive PCBs are Bucking the Trend With a Forecast of 12% CAGR from 2022 to 2026

19/07/2023, hardwarebee

Get a Price Quote

TrendForce’s global automotive PCB market outlook report indicates that as over half of the PCB industry’s end-use applications are in consumer electronics, the economic downturn has had a more pronounced impact on the PCB industry compared to other components, especially when end-market demand has yet to show a significant recovery. The report further predicts a 5.2% contraction in the global PCB market for 2023, estimating a value of US$79 billion. Despite this downturn, the automotive PCB market presents a countervailing growth trajectory, primarily driven by the continuous rise in global EV penetration and the increasing electrification of vehicles.

 

TrendForce predicts a 14% annual increase in the automotive PCB market, reaching a value of US$10.5 billion in 2023 and accounting for 13% of the total PCB market—up from 11% last year. By 2026, this figure is expected to grow to US$14.5 billion, increasing its share of the total PCB market to 15%. This growth indicates a projected CAGR of 12% from 2022 to 2026.

 

EV adoption is a significant growth driver for the automotive PCB market, given average PCB values for a BEV are around 5 to 6 times that of a conventional fuel vehicle. Over half of these PCBs are installed in the BEV’s control system, which houses the battery management system connected via a wire harness. Moreover, the growing popularity of automotive lightweighting is leading to a gradual shift toward the use of flexible printed circuits, which will further increase the PCB within the electric control system.

 

The rise of autonomous driving tech and its growing adoption rate, which means the integration of more cameras, radars, and other electronic devices, is also expected to further boost the automotive PCB sector. Automotive PCBs mostly rely on 4 to 8-layer boards; autonomous driving systems often adopt higher-priced HDI boards, which are triple in price. HDI boards used in light detection and ranging systems—equipped in L3 and more advanced autonomous driving systems—can cost tens of dollars and are a major contributor to the automotive PCB market’s future growth in value.

 

Looking at the types of PCBs, 4 to 8-layer boards are expected to account for about 40% of the total automotive PCBs by 2023, falling to 32% by 2026. In contrast, the proportion of HDI boards is projected to increase from 15% to 20%, and the proportion of FPC boards from 17% to 20%. Additionally, the percentage of thick copper and RF boards will rise from 8% and 8.8% to 9.5% and 10.8%, respectively, while the proportion of lower-priced single and double-layer boards is predicted to decrease from 11.2% to 7.7%.

 

For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insider.trendforce.com/

 

 

Media Contact

Ms. Esther Feng
Tel: +886-2-8978-6488 ext. 667
[email protected]

 

Ms. Pinchun Chou
Tel: +886-2-8978-6488 ext. 669
[email protected]

 

About TrendForce (www.trendforce.com)

 

TrendForce
TrendForce is a global provider of the latest development, insight, and analysis of the technology industry. Having served businesses for over a decade, the company has built up a strong membership base of 500,000 subscribers. TrendForce has established a reputation as an organization that offers insightful and accurate analysis of the technology industry through five major research divisions: Semiconductor Research, Display Research, Optoelectronics Research, Green Energy Research, ICT Applications Research. Founded in Taipei, Taiwan in 2000, TrendForce has extended its presence in China since 2004 with offices in Shenzhen and Beijing.

linked in icon
Sign up for HardwareBee
* = required field

Recent Stories

What is a Piezo Driver IC and how to Choose one
What is a Piezo Driver IC and how to Choose one
Introduction to Hall Effect Sensor ICs
Introduction to Hall Effect Sensor ICs
The Ultimate Guide to: Oscillator ICs
The Ultimate Guide to: Oscillator ICs
Low Noise Amplifier: Ultimate Guide
Low Noise Amplifier: Ultimate Guide
ASIC Prototyping
FPGA Prototyping Services
FPGA Prototyping Services
QFN Socket
QFN Socket
FPGA in Medical and Healthcare
FPGA in Medical and Healthcare
Get 3 Quotes from Electronic Design Companies
Get 3 Quotes from FPGA Design Companies
Get 3 Quotes from Embedded SW Services
Get 3 Quotes from EMS Companies

Find Design Services

Get IC Prices

Get Price Offers From
  • Electronic Design Services
  • FPGA Design Services
  • Embedded Software Companies
  • PCB Layout Services
  • Printed Circuit Board Manufacturers
  • Design & Manufacturing Services
Welcome New Vendors
  • Spark Product Innovation
  • QBayLogic
  • Fidus Systems
  • nao.design
  • HQ NextPCB
Browse Vendor Directories
  • Electronic Design Companies
  • FPGA Design Companies
  • Embedded Software Services
  • Manufacturing Companies
Featured Vendor

Advanced Electronic Designs

Recent Posts
  • What is a Piezo Driver IC and how to Choose one
  • Introduction to Hall Effect Sensor ICs
  • The Ultimate Guide to: Oscillator ICs
  • Low Noise Amplifier: Ultimate Guide
  • ASIC Prototyping
Most Popular Blog Posts
  • The Ultimate Guide to: Variable Gain Amplifier
  • FPGA for AI (Artificial Intelligence): Ultimate Guide
  • PCB Stackup: Ultimate Guide and Examples
  • The Ultimate Guide to Logic Chips
  • FPGA Video Processing: Ultimate Guide

Never miss an update!

Follow us on LinkedIn

Do you need any price
information?

(Electronic design, FPGA design, Embedded SW services, PCB design, Turnkey)

Yes
No
This page is sponsored by
HardwareBee

Copyright 2017-2024, HardwareBee. All rights reserved.

  • About Us
  • Contact
  • Subscribe
  • News
  • Get Free Support
  • Get listed
  • Send a wiki/article
  • Advertise

Follow Us

Be sure to follow our LinkedIn company page where we share our latest updates LinkedIn
Partner with us Partner with us

Design and Manufacturing Services

  • Engineering Design Services
  • Electronic Design and Manufacturing
  • Electronic Product Development
  • Electronic Product Design
  • Electronic Consulting Services
  • Electronic Engineering Companies
  • Electronic Engineering Services
  • Electronic Product Design and Development
  • Electronics Design Services
  • Electronics Design Company
  • Electronic Design Consultants
  • Electronic Design Company
  • FPGA Design Company
  • FPGA Consultant
  • FPGA Design Services UK
  • Electronics Manufacturing services
  • Electronics Manufacturing Companies
  • Electronic Contract Manufacturing Companies
  • Electronic Manufacturing Services Companies
  • EMS Companies Directory
  • Electronic Design Services
  • FPGA Design Services
  • Embedded Software Companies
  • PCB Layout Services
  • Printed Circuit Board Manufacturers
  • Design and Manufacturing Services
X

Don’t miss anything, follow us on LinkedIn

https://www.linkedin.com/company/hardwarebee/

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Additional Cookies

This website uses the following additional cookies:

(List the cookies that you are using on the website here.)

Please enable Strictly Necessary Cookies first so that we can save your preferences!