Intelligent Transportation Is Coming, PCB Will Usher In A Big Outbreak

According to reports, the global smart city market in 2018 was $308 billion. It is expected to increase to $717.2 billion by 2023. The compound annual growth rate for 2018-23 is expected to be 18.4%. The overall trend is positive. It is on the rise and many related vertical industry companies are associated with smart cities. In addition, public security needs, urban population growth and increased government initiatives will be the three drivers of smart city development.

Safety has always been an important part of urban construction. The safety of artificial intelligence has begun to increase. Black technologies such as face recognition and biometrics have begun to accept traditional security. Population migration has promoted urbanization. Urban scale expansion is an inevitable phenomenon, but urban boundaries Reasonable control is needed; in urban construction, more scientific and rational planning is emphasized. “Every inch of land has a clear plan and then restarts.” This has become the most striking sentence in the recent “Hebei Xiong’an New District Master Plan (2018-2035)”. This of course also reflects the scientific policy of focusing on smart cities from the top level.

Intelligent Transportation Department estimates the largest market size in 2018

According to the report, it is expected that during the forecast period (ie 2008 to 2023), intelligent transportation will grow at an alarming compound annual growth rate. Intelligent transportation solutions provide an important impetus for existing and new transportation infrastructure projects.

Intelligent transportation promotes the rapid growth of automotive PCB

Cars have evolved from complete mechanical equipment in the past to a combination of mechanical and electronic equipment. The proportion of automotive electronics in the cost of manufacturing vehicles continues to increase, and the market size of automotive electronics is also expanding.

Automotive industry machinery and electronics

Due to the complex working environment of the car, the reliability of the car PCB is very high. Second, the auto industry has a recall system. Manufacturers need to bear the risk of product errors. Small-scale manufacturers can't afford it, so they will be excluded. In addition, the entrance barrier of the vehicle PCB is very high and must pass a series of verification tests with a long certification period. Once the certification is passed, the manufacturer usually does not easily change the supplier and the order is relatively stable.

Intelligent driving opens up more imagination for the car economy. At present, the penetration rate of the automotive market continues to increase. The market for ADAS systems (Advanced Driver Assistance Systems) is growing rapidly, gradually penetrating from the original high-end market to the mid-end market, and improved new sensor technologies have created new opportunities for system deployment.

Currently, the penetration rate of ADAS is less than 5%. With the further expansion of functions and the encouragement or even mandatory requirements of the policy, it is expected to grow by more than 20% in the future. By 2020, the market size is expected to be close to $30 billion. In ADAS, the PCB needs to implement various operational controls, safety controls, and peripheral control functions. Fully automated vehicles are expected to be equipped with more PCBs to meet future driving needs.

China's smart driving market size and forecast

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