At present, the auto parts industry's demand for printed circuit boards (PCB), an important component of electronic components, continues to grow, as auto companies race to develop automotive electronic components to meet consumers' demand for safety, convenience, comfort and entertainment.From 2013 to 2015, the annual compound growth rate of the world auto printed circuit board market is 7.1%, and the total market value of auto printed circuit board is expected to increase from $2.564 billion in 2016 to $5.638 billion in 2017 and $6.27 billion in 2019.
Thailand is an important production base of automobile industry. Domestic and foreign enterprises intend to invest in developing automobile printed circuit boards, so that the production capacity of automobile printed circuit boards in Thailand can meet the domestic use and export demand.Thai enterprises have become one of the world's top five automobile printed circuit board sales companies.From the above trend of automobile manufacturers strengthening automobile electronic systems to meet consumer demand, the demand for automobile printed circuit boards will continue to be strong, which can bring considerable business opportunities to the enterprises engaged in the development and production of automobile printed circuit boards in Thailand.
Thailand's auto printed circuit board production focuses on exports, with strong demand in export markets including the European Union, the United States, Japan and China.These countries are the world's major automobile production bases, and their combined output accounts for about 72.6 percent of the world's total automobile production.Total world vehicle sales are expected to continue to grow, reaching 90 million in 2016 and rising to 92 million in 2017.
Although the export of printed circuit boards of Thailand will increase obviously in the future, the existing enterprises and new entrants still need to adjust to maintain production capacity and improve production quality.An important factor in the success of a company is research and development, which a single company may not be able to achieve, because research and development requires a lot of money, so a joint venture or merger can be an option to increase production potential and efficiency.