According to the latest IC Insights forecast, the market size of ICs for automobiles and other vehicles was 22.9 billion U.S. dollars in 2016, an increase of 11% year-on-year. Estimated sales in 2017 reached 28 billion U.S. dollars, an increase of 22% year-on-year; sales in 2018 increased to 32.4 billion U.S. dollars. , a year-on-year growth of 16%; the market size is expected to grow to 42.9 billion U.S. dollars by 2021, with a compound annual growth rate of 13.4%.
The driving dynamics of various emerging automotive electronics applications such as assisted driving ADAS systems, battery management BMS systems for electric vehicles, automotive intelligent control panels, and reversing images are strong. Regardless of whether the automobile is a traditional energy or a new energy source in the future, the intelligent, entertainment, and informatization of the automobile is an inevitable trend. The two major trends of electrification and intelligence will lead to a dramatic increase in the use of electronic components, and the deployment of electronic components in automobiles. The proportion will be higher and higher. As the "mother of electronic products", the automotive PCB industry has benefited from the automotive electronics trend.
At present, the degree of electronicization of traditional automobiles is not high, the demand for PCB is small, and the amount of PCB value is also relatively low. According to PCB network data, PCB accounts for about 2% of the total cost of electronic devices. The average PCB usage per vehicle is about 1 square meter, and the value is 60 US dollars. The usage of high-end models is 2-3 square meters. The value is 120-130 US dollars. However, as the car becomes more intelligent and entertaining, these functions are becoming more and more complicated, which makes the demand for traditional PCBs not only increase in terms of usage (layers), but also the demand for quality and high-end boards.