Saudi Arabia Automotive PCB Market size
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The Saudi Arabian automotive PCB market is a significant part of the larger Middle East and Africa (MEA) market. In 2023, the MEA market was worth USD 510.1 million and is expected to grow at a CAGR of 5.4% from 2024 to 2030.
The Saudi Arabian market itself is expected to be driven by the growing demand for vehicle electrification and advanced vehicle electronics. The ADAS and basic safety segments are projected to be the largest in Saudi Arabia.
Saudi Arabia automotive PCB market is further segmented based on type, application, and fuel type. In terms of application, the market is further segmented into powertrain components, infotainment components and ADAS & basic safety. ADAS and basic safety segment is projected to attain the largest market size in the Saudi Arabia Automotive PCB Market during the forecast period as the government is all set to mandate some of the ADAS features and basic safety systems such as TPMS, Anti-lock braking system etc in the country, thereby, fueling the automotive PCB market of the country.
Automotive PCB Market Trends
The increasing use of electric vehicles is fueling the market growth
Market CAGR for the automotive PCB market is being driven by the increasing use of electric vehicles
The rising trend towards technology-based vehicles, such as lightweight vehicles, is expected to be the driving factor for the automotive printed circuit board market worldwide. The increasing awareness of the world emission by cars and increasing government efforts to boost the sale of electric vehicles.
Electric vehicle is increasing demand because of stringent government regulations in key countries concerning Co2 emission and emission standards.
The car manufacturers around the world are starting to embrace customer-centric requirements and change local trends of the customer's preferences. The firms are adding automotive electronic content to every vehicle considerably. According to the forecasts, electronic content per vehicle is expected to reach 50% in 2030.
The manufacturers and suppliers of printed circuit board, with evolution and transformation of application scenario of the automobile sector, is expected that the flexible board will have the advantage in the 5G era, smartphone upgrades, growing IoT, and the increased growth in an automotive electronics firm.
PCB is the backbone of electronic components; its manufacturers are evolving to the new changing landscape and investing extensively to keep up with the frequency which will feed the advanced features & comfort features.
The recent demand for such safety features as collision avoidance systems, lane departure warning systems, pedestrian protection systems, and telematics solutions has significantly increased and will drive the demand for PCB related to these applications in the next year.
The demand for additional features and accessories in vehicles powered by the increasing complex electronic systems is likely to drive the growth of automotive PCB markets worldwide. The increasing production of passenger and commercial vehicles with features such as the application of radar systems, including millimeter-wave radar, in most ADAS(Advanced driver assistance systems) is going to drive the PCB market.
To support the uptake of EVs and make the region's Eco-drive zone by 2025, the government of Norway is offering various schemes. The demand for the automotive PCB market is anticipated to increase during the forecast year due to increasing sales of electric vehicles and the use of DAS technology.
For example, the Japanese government has initiated to provide one-time incentives to owners of electrical vehicles to boost its vision to phase out adoption of internal combustion engine vehicles in this country by 2050. Likewise, the Indian government has enforced mandatory usage of high-end brake systems in all new models of commercial vehicles. So, driving Automotive PCB market revenue.
Key Players
NOK,
CMK Corp,
Nippon Mektron,
Objective of the Study
- To analyse and forecast the market size of Automotive PCB, in terms of value and volume.
- To classify and forecast Saudi Arabia Automotive PCB based on Fuel Type and regional distribution.
- To identify drivers and challenges for Saudi Arabia Automotive PCB.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Automotive PCB.
- To conduct the pricing analysis for Automotive PCB.
- To identify and analyse the profile of leading players involved in the manufacturing of Saudi Arabia Automotive PCB.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across Saudi Arabia. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across Saudi Arabia.
Key Target Audience
- Saudi Arabia Automotive PCB Manufacturers
- Automotive Powertrain Manufacturers
- Automotive OEM’s
- Automotive Safety and Comfort System Manufacturers
- Raw material suppliers
- Dealers
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|
Attribute |
Details |
|
Base Year |
2022 |
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Historical Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F |
|
Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
|
Segments covered |
· Type · Application · Fuel Type |
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Regional scope |
Western Region, Central Region, Southern Region, Eastern Region, Northern Region |
|
Key companies profiled |
KCE Electronics, NOK, TTM Technology, CMK Corp, Chin Poon, Nippon Mektron, are Samsung Electro-Mechanics, Delphi, Daeduck Electronics, Amitron. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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