The global PCB market is expected to contract by 5.2% in 2023, but the automotive PCB market is bucking the trend and is projected to grow by 14%, reports TrendForce. This growth is being driven by the increasing adoption of electric vehicles (EVs) and the rising popularity of autonomous driving technology.
EVs require more PCBs than traditional gasoline-powered vehicles. The average PCB value for a BEV is around 5 to 6 times that of a conventional fuel vehicle. This is because EVs have more complex electronic systems, including battery management systems, power converters, and motor controllers.
The rise of autonomous driving technology is also expected to boost the automotive PCB market. Autonomous vehicles require a wide range of sensors, including cameras, radars, and lidars. These sensors all need PCBs to connect them to the vehicle’s central computer.
The type of PCBs used in the automotive market is also changing. 4 to 8-layer boards are still the most common type of automotive PCB, but the proportion of HDI boards is increasing. HDI boards are more expensive than traditional PCBs, but they offer better performance and are essential for some autonomous driving applications.
The growth of the automotive PCB market is good news for PCB manufacturers. The market is expected to reach $14.5 billion by 2026, and PCB manufacturers that are able to meet the demand for high-performance PCBs will be well-positioned for growth.
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