PCB supplier is applied to multiple parts of automobile. In the whole vehicle, PCB supplier is currently applied in many fields, including control system, video and audio system, GPS module, and so on, with rich application scenarios. We believe that the degree of automotive electronics will continue to improve in the future, the application demand for automotive PCB will continue to increase, and the development trend of automotive PCB is good. (Report source: Future Think Tank)

According to the understanding of the automobile soft board factory, according to the type, the main types of automobile PCB include five types, namely, flexible PCB (FPC), rigid PCB (RPCB), soft and hard combination board, HDI board and LED PCB. Due to different materials and characteristics, each type of PCB has different application scenarios. HDI application growth. According to the data of Zos Auto Research, HDI, RF board and flexible board for automobile are highly related to automobile intelligence, and the application proportion keeps growing. In addition, there is a high correlation between high-current PCB and new energy vehicles, which can maintain a slight growth. The investment in HDI, RF board and flexible board is large, especially HDI can't be made by non-large manufacturers.

The value of PCB single car is not high at present, and it is expected to continue to increase with the promotion of the new four modernizations of automobiles in the future. According to the data of Zhanxin AI Industry Think Tank, as of July 2019, the value of a single PCB for low-end, mid-end and high-end cars was US $30-40, US $50-70 and US $100-150 respectively. We expect that with the continuous promotion of the new four modernizations of automobiles in the future, the value of single car PCB is expected to continue to increase.

Wide market space and rapid growth of Asia-Pacific market

The global automotive PCB market continued to grow. According to the understanding of the automobile soft board factory, the automobile PCB market will maintain growth from 2021-2028, with a CAGR of 5.30%. The market size will increase from US $7.81 billion in 2020 to US $12.48 billion in 2028. The Asia-Pacific region is the largest and fastest growing market. From a regional perspective, the Asia-Pacific automotive PCB market scale ranks the first in the world, accounting for 38% of the global market share. In the future, the Asia-Pacific market will become the fastest growing market. We believe that the Chinese market will also become a rapidly growing market full of opportunities.

Demand side: the new four modernizations of automobile promote the value of automobile pcb

The cost share of automobile electronics in the whole vehicle has gradually increased. The penetration rate of automobile electronics has been increasing, and the trend of electronization is obvious. It is estimated that the permeability will reach about 50% in 2030. The increase in the proportion of automobile electronic costs is mainly due to: 1) the continuous improvement of ADAS penetration rate and automation degree under the wave of intelligence, and the overall improvement of automobile electronic degree; 2) Under the wave of electrification, the penetration of new energy vehicles has accelerated. The cost of electronic components of a single vehicle has at least doubled compared with that of traditional cars. The cost of electronic devices in traditional luxury cars accounts for about 25%, while that in new energy vehicles accounts for 45% - 65%; 3) Some automotive electronic components, such as anti-lock braking system (ABS), electronic stability control system (ESC) and reverse image system, which were originally used in mid-to-high-end models, accelerate to penetrate into mid-to-low-end models.

According to the automobile soft panel factory, the new trend of new energy vehicles drives the proportion of automobile electronics to further increase rapidly. The proportion of new energy vehicles and automobile electronics is higher. The proportion of automobile electronics in the cost of the whole vehicle is different, among which the proportion of compact passenger cars is 15%, the proportion of high-end passenger cars is 28%, the proportion of hybrid passenger cars is 47%, and the proportion of pure electric passenger cars is 65%.

Under the new four modernizations, the proportion of automobile electronic vehicles continues to increase, and PCB is an important base support in automobile electronic applications, improving the application demand of automobile PCB.