Automotive PCB Market Regional Analysis:
APAC Market Insights
Asia Pacific region is anticipated to hold over 47.5% market share by 2035, driven by a strong auto parts manufacturers network and rising vehicle production. For instance, the production volume of integrated circuits in China amounted to more than 350 billion pieces in 2021, with a 37% increase compared to 2020. Additionally, up-surged utilization of autonomous and electric vehicles baked by the higher implementation of government initiatives to control the emission of harmful gases by the vehicles on the road is estimated to enlarge the market size in the region over the forecast period. For instance, in 2021, the electric vehicle (EV) production in Asia Pacific was projected to hit approximately 180,000, which was an increase of around 50% compared to the previous year. In 2020, nearly 120,000 electrical vehicles were produced in the region. Therefore, all these factors are estimated to influence the regional market growth positively over the forecast period.
