Automotive PCB Market End-use Sectors Analysis 2019-2027

Press Release

Amidst fierce competition and price-wars between leading players, keen vendors in the Automotive PCB market are considering technological upgrades to remain competitive in the said market, says Transparency Market Research (TMR) in a recent business intelligence publication. At present, Automotive PCB system are increasingly becoming indispensable part of passenger cars, heavy commercial vehicles (HCVs), and light commercial vehicles (LCVs). This is because Automotive PCB receive valuable information from electronic control unit (ECU), fuel pumps, and engine sensors of automobiles and impacts performance of engine.

Currently, fast paced growth of the overall automotive industry and immense scope for technological upgrades are paving way for demand of Automotive PCB . Automobile manufacturers are seeking add-on components for engines that can boost overall fuel efficiency and reduce carbon emissions. This shows way of growth for the Automotive PCB market to exhibit significant growth rate over the forecast period.

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From a geographical consideration, Europe displays leading demand among other regions in the overall Automotive PCB market. Long-established presence of the region as a manufacturing hub validates substantial share of the region in the Automotive PCB market. The region being home to some world’s top-notch luxury car makers also accounts for its leading share in the overall Automotive PCB market. Vast ownership of high-end cars such as Mercedes Benz and BMW and substantial spending on automotive add-ons for higher performance are some key reasons behind growth of Automotive PCB market in Europe.

Nonetheless, Asia Pacific is deemed to emerge as a key region for Automotive PCB in the forthcoming years. Rapid economic growth in some emerging economies of the region and strengthened purchasing power have led to vast automobile ownership in these countries in recent years. New-age consumers in emerging economies of the region are spending large sums of money on new models of automobiles, and for technical upgrades of internal components as well. This has led to spurt in demand for Automotive PCB in emerging economies of Asia Pacific.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

Besides this, infrastructural development in emerging economies of Asia Pacific is stoking adoption of Automotive PCB for automobiles. Automobile manufacturers are increasingly upgrading new models of automobiles with technologically advanced add-on components that are suitable for improved infrastructure and improved physical nature of roads. Benefits of improved engine performance and higher fuel efficiency are likely to lead to continued adoption of Automotive PCB in newer models of automobiles.

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Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This post was originally published on Space Market Research


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