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At present, the demand for printed circuit boards (PCBs) as an important part of electronic components in the auto parts industry continues to grow, which stems from the competitive development of auto electronic components by auto enterprises to meet the needs of consumers in terms of safety, convenience, comfort and entertainment. From 2013 to 2015, the average annual compound growth rate of the world's automobile printed circuit board market value was 7.1%. It is expected that the market value of automobile printed circuit board will increase from US $5.264 billion in 2016 to US $5.638 billion in 2017 and US $6.270 billion in 2019.
Thailand is an important production base of the automotive industry. Domestic and foreign enterprises intend to invest in the development of automotive printed circuit boards, so that the production capacity of automotive printed circuit boards in Thailand can meet the domestic use and export demand. Thai enterprises have ranked among the top five companies in the world in terms of sales of automotive printed circuit boards. From the above-mentioned trend that automobile manufacturers strengthen 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 for Thai enterprises engaged in R & D and production of automobile printed circuit boards.
Thailand's automobile printed circuit board production focuses on export. The export markets with strong demand include the European Union, the United States, Japan and China. These countries are the world's large automobile production bases, and their output accounts for 72.6% of the world's total automobile output. The world's total auto sales are expected to continue to grow, reaching 90million in 2016 and 92million in 2017.
Although Thailand's automobile PCB export will increase significantly in the future, existing enterprises and new enterprises still need to adjust to maintain production capacity and improve production quality. An important factor for the success of an enterprise is R & D. a single enterprise may not be able to do it because R & D requires a lot of funds. Therefore, joint venture or merger of enterprises can become an option to improve production potential and efficiency.