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Smart transportation, PCB will usher in a big explosion
PCB News
Smart transportation, PCB will usher in a big explosion

Smart transportation, PCB will usher in a big explosion

2021-11-08
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Author:Downs

The following is an introduction about smart transportation coming, PCB board will usher in a big explosion

According to the report, the size of the global smart city market in 2018 was US$308 billion, and this figure is expected to grow to US$717.2 billion by 2023, with a compound annual growth rate of 18.4% during the forecast period from 2018 to 2023.

The overall trend is definitely going up, and many related vertical industry companies in the PCB industry have been linked to smart cities.

In addition, the need for public safety, the increase in urban population, and the increase in government initiatives will become the three major driving forces for the development of smart cities.

How to understand?

Security has always been an important part of urban construction. AI security has begun to rise, and black technologies such as face recognition and biometrics have begun to embrace traditional security; while population migration promotes the process of urbanization, urban expansion is an inevitable phenomenon, but urban boundaries need to be reasonably controlled; the government; In urban construction, more attention was paid to scientific and reasonable planning, and "plan every inch of land before starting construction", which became the most eye-catching sentence in "Hebei Xiong'an New District Master Plan (2018-2035)".

pcb board

This of course also reflects that the policy has begun to focus on the scientific nature of smart cities from the top-level design.

The smart transportation sector is estimated to account for the largest market size in 2018

The report pointed out that during the forecast period (that is, 2018-2023), smart transportation will grow at an amazing compound annual growth rate. Smart transportation solutions provide an important impetus for existing and new transportation infrastructure projects.

However, what MarketsandMarkets has to remind is: the rapid increase in urban population and the increasingly serious environmental problems.

Smart transportation drives the rapid growth of automotive PCB

Automobiles have evolved from a complete mechanical device in the past to a combination of machinery and electronics. The proportion of automotive electronics in the total vehicle manufacturing cost is constantly increasing, and the market scale of automotive electronics is also expanding.

The combination of automotive industry machinery and electronics

Due to the complex working environment of automobiles, automobile PCBs have extremely high requirements for reliability. Secondly, the automobile industry has a recall system. Manufacturers need to bear the risk of product errors. Small-scale manufacturers cannot afford it, so they will be excluded.

Moreover, the entry barriers for automotive PCBs are high, and a series of verification tests must be passed. The certification cycle is long. Once certified, manufacturers generally will not easily change suppliers, and orders are relatively stable.

Intelligent driving has opened up greater imagination space for the automobile economy, and the penetration rate in the automobile market is currently increasing. The ADAS system (advanced driver assistance system) market has grown rapidly, gradually infiltrating the mid-range market from the original high-end market, and improved new sensor technologies are also creating new opportunities for system deployment.

At present, the penetration rate of ADAS is less than 5%. With the further expansion and improvement of functions, and policy encouragement and even mandatory requirements, it is expected to grow at a rate of more than 20% in the future, and the market size is expected to be close to 30 billion U.S. dollars by 2020.

ADAS stipulates that a variety of operation control, safety control, and peripheral control functions need to be implemented by PCBs. It is expected that in the future, fully autonomous vehicles will be equipped with more PCBs to meet driving needs.

China's smart driving market scale and forecast

The demand for PCBs for new energy vehicles is also huge. With the support of industrial policies, the domestic new energy vehicle market has maintained rapid growth since 2014. BMS in new energy vehicles is one of the core components, and as one of the basic components of BMS, PCB boards will also benefit from the development of new energy vehicles.