PCB
FPC
Rigid-Flex
FR-4
HDI PCB
Rogers High-Frequency Board
PTFE Teflon High-Frequency Board
Aluminum
Copper Core
PCB Assembly
LED light PCBA
Memory PCBA
Power Supply PCBA
New Energey PCBA
Communication PCBA
Industrial Control PCBA
Medical Equipment PCBA
Testing Service
PCBA Testing Service
Certification Application
RoHS Certification Application
REACH Certification Application
CE Certification Application
FCC Certification Application
CQC Certification Application
UL Certification Application
Transformers, Inductors
High Frequency Transformers
Low Frequency Transformers
High Power Transformers
Conversion Transformers
Sealed Transformers
Ring Transformers
Inductors
Wires,Cables Customized
Network Cables
Power Cords
Antenna Cables
Coaxial Cables
Net Position Indicator
Solar AIS net position indicator
Capacitors
Connectors
Diodes
Embedded Processors & Controllers
Digital Signal Processors (DSP/DSC)
Microcontrollers (MCU/MPU/SOC)
Programmable Logic Device(CPLD/FPGA)
Communication Modules/IoT
Resistors
Through Hole Resistors
Resistor Networks, Arrays
Potentiometers,Variable Resistors
Aluminum Case,Porcelain Tube Resistance
Current Sense Resistors,Shunt Resistors
Switches
Transistors
Power Modules
Isolated Power Modules
AC-DC Power Modules
DC-AC Module(Inverter)
RF and Wireless2024 PCB Industry Special Report III
2024 PCB Industry Special Report III
IV. The Second Factor Influencing the Current Major Cycle - Automobiles
Drivers of Increased PCB Value in Automotive ApplICations: Electrification and Intelligence of New Energy Vehicles
With the rapid development of the new energy vehicle market, automotive PCBs have become the fastest-growing market outside the communications sector. Both the electrification and intelligence of automobiles drive rapid growth in PCB value. Prismark predicts that from 2023 to 2028, the global automotive PCB market size will increase from 9.2billionto11.9 billion in 2028.
According to data from the China Automobile Dealers AsSOCiation, global sales of new energy vehicles increased from approximately 770,000 in 2016 to about 14.29 million in 2023, with an annual growth rate exceeding 50%. Sales of new energy vehicles in China increased from approximately 510,000 in 2016 to about 9.5 million in 2023, accounting for over 60% of the global market, with an annual growth rate consistent with the global rate at 52%.
Based on data from the China Automobile Dealers Association and the China Association of Automobile Manufacturers, the penetration rate of new energy vehicles has risen rapidly since 2020. In 2023, the penetration rates of new energy vehicles globally and in China were 16.1% and 35.7%, respectively. As the penetration rate of new energy vehicles increases, the value of automotive PCBs will be driven up.
New Energy Vehicles Entering the Intelligence Stage
According to the classification of autonomous driving levels by the Society of Automotive Engineers International (SAE), there are six levels, ranging from L0 to L5, with higher levels corresponding to higher degrees of automation. ADAS technology will transition to AD (Auto Driving) systems at L3 and above. Intelligent driving systems include a series of sensors, cameras, radars, and other devices installed on vehicles.
The autonomous driving level of passenger vehicles in China is transitioning from L2 to L3+. According to data predictions from automotive reports, the penetration rate of L2/L3-level autonomous driving passenger vehicles in China will increase from 15% in 2020 to 70% in 2030; for L4-level passenger vehicles, the penetration rate is expected to increase from 0.01% in 2021 to 20% in 2030.
Prismark predicts that the global ADAS electronics market size will grow from 19billionin2023to35 billion in 2028, with a CAGR of 12.5%. The recent rise of the Robotaxi business model may accelerate the penetration rate of intelligent driving and the usage of sensors.