With more automotive entertainment and safety features and the growth of new energy vehicles, the share of electronics in the total vehicle mass is rising and is expected to reach 34.3% by 2020. This is directly driving the demand for automotive printed circuit boards (PCB).

The 2020 New Crown Pneumonia outbreak drastically cut down the global automotive sales, resulting in a significant reduction in the industry size to USD 6,261 million. However, the gradual control of the epidemic has significantly boosted sales growth. In addition, the growing popularity of ADAS and new energy vehicles will favor continued growth in demand for PCB, which is expected to exceed US$12 billion by 2026.

As the world's largest PCB production base and the largest automotive production base, China has a high demand for PCBs. China's automotive PCB market is estimated to be worth up to US$3.501 billion in 2020.

Automotive intelligence drives the demand for PCB.

As consumers demand safer, more comfortable, and smarter cars, automobiles tend to be electrified, digitalized, and intelligent.ADAS requires many PCB-based components such as sensors, controllers, and safety systems. Therefore, automotive intelligence directly stimulates the demand for PCB.

In case of ADAS sensors, an average smart vehicle carries multiple cameras and radars to enable driver assistance features. An example of this is the Tesla Model 3, which is equipped with eight cameras, one radar, and 12 ultrasonic sensors. The PCB value of the Tesla Model 3 ADAS sensors is estimated to be $536 to $1,364, which is 21.4% to 54.6% of the total PCB value, indicating that vehicle intelligence is driving the demand for PCBs.