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Automotive PCB Market to be $14 Billion

2019-11-01

The automotive PCB market is highly competitive. The margin for error is extremely loss due to the stringent regulatory standards followed in the automotive sector and its ancillary components. However, the leading 5-6 vendors constitute the majority of the share in the market, which has led to moderate fragmentation.

Also, the market competitiveness is expected to intensify further with an increase in product/service extensions, technological innovations, and M&As. Global players are likely to grow by acquiring regional or local players in the future.

Further, companies with better technical and financial resources can develop innovative products to kill the competition. Therefore, vendors are expected to develop new technologies and remain abreast with upcoming technologies to have a competitive advantage over other vendors.

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