Electric Vehicles Will Be the Main Driver for the PCB Industry in 2023 — Atonm Insights

According to Digitimes, the rapid development of electric vehicles (EVs) and increasing demand for ADAS and connected-car features are driving PCB shipments. Although the PCB industry still faces inventory adjustments, many manufacturers expect moderate growth in Q3 2022. Most believe EV PCB shipments will become a primary growth driver for 2023 and beyond.

Research indicates that global vehicle sales and EV adoption continue to rise, so demand is not the main issue; supply constraints such as material and labor shortages remain a challenge. However, supply chains are expected to gradually recover in 2023.

Market headwinds in consumer electronics have depressed demand, but server and automotive boards provided support. Automotive electronics benefit from increasing functions per vehicle, each requiring at least one PCB—vehicles are becoming complex electronic systems. As electrification and autonomy progress, demand for automotive PCBs is expected to grow.

Thailand is a major automotive assembly hub in Asia and shows clear growth potential. Many automotive factories have increased certifications and new customers will join next year. Thailand is also expanding HDI capacity for new products.

Electrification and intelligence in vehicles reshape supplier relationships and value chains. New value segments such as powertrain electronics and domain controllers create opportunities for PCB suppliers. Domestic component makers already compete in these areas, which may accelerate Chinese PCB manufacturers entering mainstream automotive supply chains.

Key points:

- Automotive outlook remains stable; innovation-driven changes offer growth opportunities.

- Vehicle electrification and intelligence provide chances for technology catch-up and supply-chain reshaping.

Atonm Metal Double-Sheet Detector enjoys leading positions in automotive, PCB and lithium battery industries, with successful cases at major OEMs and battery manufacturers. Atonm continues to align products with industry needs to solve feeding and stacking challenges.