Yet some of them already make deployments in the market, with increasing revenues from automotive PCBs. In Chinese Mainland, local companies take a small share in the automotive PCB market.
Most of these players have built production bases in Chinese Mainland. The same is true of the Chinese automotive PCB market. Local vendors cut a figure in the severer market competition.Īt present, the global automotive PCB market is dominated by Japanese players such as CMK and Mektron and Taiwan's players like CHIN POON Industrial and TRIPOD Technology. It is predicted that the global new energy vehicle PCB market will be worth RMB38.25 billion in 2026, as new energy vehicles become widespread and the demand from higher levels of vehicle intelligence favors a growth in PCB value per vehicle. It is conceivable that the global penetration of new energy vehicles will ramp up in the years to come. These moves will be a major contributor to the expansion of new energy vehicles. Major countries have formulated benign new energy vehicle industry policies mainstream automakers race to launch their development plans for new energy vehicles as well. In recent years, the global penetration of new energy vehicles has been on the rise. Examples include Tesla Model 3, a model with total PCB value higher than RMB2,500, 6.25 times that of ordinary fuel-powered vehicles. Vehicle electrification stimulates demand for PCBs.ĭiffering from conventional vehicles, new energy vehicles need PCB-based power systems like inverter, DC-DC, on-board charger, power management system and motor controller, which directly boosts demand for PCBs. On one estimate, the PCB for Tesla Model 3 ADAS sensors is valued at RMB536 to RMB1,364, or 21.4% to 54.6% of total PCB value, which makes it clear that vehicle intelligence boost demand for PCBs. An example is Tesla Model 3 which packs 8 cameras, 1 radar and 12 ultrasonic sensors. In ADAS sensor's case, the average intelligent vehicle carries multiple cameras and radars to enable driving assistance functions. Vehicle intelligence therefore directly spurs demand for PCBs.
ADAS needs many PCB-based components such as sensor, controller and safety system. Vehicle intelligence pushes up demand for PCBs.Īs consumers demand safer, more comfortable, more intelligent automobiles, vehicles tend to be electrified, digitalized and intelligent. By one estimate, China's automotive PCB market was worth up to USD3,501 million in 2020. As the largest PCB manufacturing base and also the biggest vehicle production base in the world, China demands a great many of PCBs.
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