Report Overview

Saudi Arabia Automotive PCB Market is flourishing owing to the increasing demand for various accessories and features of cars, expanding vehicle electrification along with the advanced vehicle electronics functions for better comfort and safety...

Saudi Arabia Automotive PCB Market - Industry Trends & Forecast Report 2028

Saudi Arabia Automotive PCB Market is expected to grow at a CAGR of 12.5% during the forecast period (2022-2028). The fast expansion of the market is primarily due to the rising demand for hybrid electric vehicles (HEV) and battery electric vehicles. Also, the increased integration of improved safety, convenience, and comfort systems (BEV) is driving the demand for automotive PCB. Moreover, increasing demand for passenger cars and commercial vehicles along with a rise in safety concerns among consumers fuel the market growth. Furthermore, improving production technologies that help reduce costs related to manufacturing automobiles supports the Saudi Arabia Automotive PCB market. In addition, luxury automobiles use several PCBs because they have a modern electronic system that gives the end-user increased safety, comfort, and convenience. All these factors bolster the growth of the Saudi Arabia Automotive PCB Market during the forecast period (2022-2028).

Automotive PCB - Overview

A Printed Circuit Board (PCB) is the application used in automobiles known as the automotive PCB. These PCBs are typically built of non-substrate materials with copper circuitry layers. It also covers relevant accessories like connectors, terminals, and other components that are needed to make each type of PCB. Engine management systems, fuel injection systems, traction control devices, and other applications employ automotive PCBs, which are typically found inside ECUs (Electronic Control Unit). The majority of the electronic functions in a car are controlled by an automobile printed circuit board (PCB), which is a complicated circuit system. Furthermore, printed circuit boards are also used in audio and video systems in automobiles. This board connects electrical components in the car's radio and video display gadgets to ensure that they work as expected.

Saudi Arabia Automotive PCB Market Forecast and Trends

Growth Drivers

Surging Demand for Various Accessories and Features of Cars

The Automotive PCB Market is steadily growing owing to the rising customer demand for more accessories and features in cars that can be powered by increasingly complex electronic systems. Increasing passenger and commercial vehicle production are also likely to offer lucrative opportunities for market growth. The fast expansion of the Saudi Arabia Automotive PCB Market is attributed to the increasing use of radar systems such as millimeter-wave radar in various ADAS (advanced driver assistance systems) over the projected period. All these factors boost the growth of the Saudi Arabia Automotive PCB Market during the forecast period (2022-2028).

Expanding Electric Vehicles Production is Driving Automotive PCB Market

Rising sales of electric vehicles are propelling the Saudi Arabia Automotive PCB Market forward. There are increased government measures to increase the sales of electric vehicles, as there is a growing worry about global emissions from vehicles. The Saudi Government, for example, announced that it has signed an agreement with Lucid Motors to purchase a minimum of 50,000 electric vehicles and up to 100,000 electric vehicles during the forecast period. Moreover, increased sales of electric vehicles, as well as the implementation of advanced driver assistance system (ADAS) technology, are expected to fuel demand for automotive PCBs, which results in driving the growth of the Saudi Arabia Automotive PCB Market during the forecast period (2022-2028).

Increasing Automobile Manufacturers Place an Emphasis on Meeting the Wants of their Customers.

In response to consumer demands, automobile manufacturers in Saudi Arabia have begun to adopt customer-centric needs and shifting regional trends. The demand for electronic systems in electric vehicles has increased, and IoT in vehicles will boost market demand. Moreover, firms are rapidly increasing the amount of automotive electrical material per automobile. Furthermore, as the automotive industry evolves and application scenarios change, PCB manufacturers and suppliers anticipate that flexible boards will benefit or be best suited for operation because they are more precise and benefit from the 5G era, smartphone upgrades, the rise of the Internet of Things (IoT), and the increasing complexity of automotive electronics.

Restraints

Complex Design Structure and Failures Hamper the Market Growth

The printed circuit board is different depending on the vehicle's design and application needs. Increased features result in a higher vehicle cost as well as additional costs for installation, serviceability, and other factors. Furthermore, some PCBs may not perform well in a wide range of temperature settings, and their activities may fail in some situations when exposed to extreme temperatures or external interference. The circuit boards' complicated construction affects the vehicle's shelf-life. As a result, all these variables are projected to have a major impact on the growth of the Saudi Arabia Automotive PCB Market.

Impact of COVID-19 on Saudi Arabia Automotive PCB Market

Many electronic component providers have been significantly harmed by the COVID-19 pandemic-induced lockdown and economic crisis. Throughout the year, many suppliers encountered major resource constraints in their material supply and logistics chains, which had a noticeable detrimental impact on their operations. Furthermore, interrupting supply chains has a severe impact on Saudi Arabia's automotive PCB orders. The market, on the other hand, is on the mend and is likely to return to normal owing to rising support from the government. The fastest recovery rates in some regions and rising alternate vehicle sales are expected to drive the market growth during the forecast period (2022-2028).

Saudi Arabia Automotive PCB Market - By Type

Based on the type, the Saudi Arabia Automotive PCB Market is segmented into Single-Sided PCB, Double-Sided PCB, and Multi-Layer PCB. Among these, Multi-Layer PCB accounts for the largest share in the Saudi Arabia Automotive PCB Market. This is because multi-layer PCB type allows dual transmission and is roughly 50 layers thick, which is ideal for a broad range of demanding electrical activities. Moreover, multi-layer PCBs are made through the technique of laminating. The copper foil is printed between two or more sheets of material to form a solid layer that allows circuits and traces to be layered on top of one another. Because there is no limit to the number of layers that can be incorporated into a board's architecture, this feature provides far more design flexibility than single-sided and double-sided PCB designs. All these factors propel the growth of the Saudi Arabia Automotive PCB Market during a forecast period (2022-2028).

Saudi Arabia Automotive PCB Market - By Application

Based on product, the Saudi Arabia Automotive PCB Market is segmented into Body, Comfort & Vehicle Lighting, Powertrain Components, Infotainment Components, and ADAS & Basic Safety. The ADAS & Basic Safety segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). Currently, the development of ADAS & Basic Safety features and their deployment in automobiles is increasing significantly. Furthermore, the government has enforced safety features and has already established laws for anti-lock brakes, airbags, tire pressure monitoring, and a variety of other equipment. Furthermore, increased disposable income and consumer preferences for premium features are moving the market ADAS forward. As a result, the Saudi Arabia Automotive PCB Market is predicted to grow during the forecast period (2022-2028).

Saudi Arabia Automotive PCB Market – By Fuel Type

Based on type, the Saudi Arabia Automotive PCB Market is segmented into ICE’s, BEV’s, and HEV’s. Among these, ICE’s segment holds the largest market share owing to ICEs (Internal Combustion Engines) being significantly more efficient and having lower emissions. Moreover, HEV’s is anticipated to dominate the market because HEV’s have several advantages. Some of these are that they use smaller internal combustion engines with less internal energy loss, they can achieve higher operating efficiency. Regenerative braking is used in HEVs to recover energy that is lost in the form of heat when conventional vehicles brake. All these factors boost the growth of the Saudi Arabia Automotive PCB Market during the forecast period (2022-2028).

Competitive Landscape

The leading market players in the Saudi Arabia Automotive PCB Market are Samsung Electro-Mechanics, Unimicron Technology, Arab Engineers Company, Al-Etkan Kingdom, Pioneer PCB factory, Argus Embedded Systems, Daeduck Electronics Co., Ltd., Meiko Electronics, Tripod Technology Corp., and other prominent players

The Saudi Arabia Automotive PCB Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development:

• On 26^th April 2022, it was announced that RIYADH, Saudi Arabia will purchase between 50,000 and 100,000 electric vehicles over the next decade from Lucid Group Inc., which is backed by the kingdom’s sovereign-wealth fund.

Scope of the Report

By Type

• Single-Sided PCB

• Double-Sided PCB

• Multi-Layer PCB

By Application

• Body, Comfort & Vehicle Lighting

• Powertrain Components

• Infotainment Components

• ADAS & Basic Safety

By Fuel Type

• ICE’s

• BEV’s

• HEV’s