According to the report, the global smart city market size was US$308 billion in 2018, and this figure is expected to grow to US$717.2 billion by 2023, with a compound annual growth rate of 18.4% during the forecast period from 2018 to 2023.
The overall trend is definitely upward, and many companies in related vertical industries in the industry have linked themselves to smart cities.
In addition, the demand for public safety, the increase in urban population, and the increase in government initiatives will become the three major driving forces for the development of smart cities. How to understand?
The editor believes that security has always been an important part of urban construction. Al security has begun to rise, and black technologies such as face recognition and biometrics have begun to embrace traditional security. Population migration promotes the process of urbanization, and urban expansion is an inevitable phenomenon, but urban boundaries require Reasonable control; the government pays more attention to scientific and rational planning in urban construction, "plan every inch of land clearly before starting construction", which has become the most prominent in the recent "Hebei Xiong'an New Area Master Plan (2018-2035)" In a word, this of course also reflects that the policy starts to focus on the scientific nature of smart cities from the top-level design.
The smart transportation segment is estimated to account for the largest market size in 2018
According to the report, smart transportation is expected to grow at an astonishing CAGR during the forecast period (that is, 2018-2023). Smart transportation solutions provide a significant boost to existing and new transportation infrastructure projects.
However, what MarketsandMarkets also has to remind is that the urban population has exploded and environmental problems have become increasingly serious. Smart transportation drives the rapid growth of automotive PCB
Automotive Industry Mechanics and Electronics Combined
Due to the complex working environment of automobiles, automotive PCBs have extremely high requirements for reliability. Secondly, the automotive industry has a recall system. Manufacturers need to bear the risk of product errors. Small-scale manufacturers cannot afford it, so they will be excluded.
Moreover, the entry threshold for automotive PCBs is high, and a series of verification tests must be passed. The certification cycle is long. Once the certification is passed, manufacturers generally will not easily change suppliers, and orders are relatively stable.
Intelligent driving has opened up a greater imagination space for the automotive economy, and its penetration rate in the automotive market is currently increasing. The ADAS system (advanced driver assistance system) market is growing rapidly, gradually penetrating into the mid-end market from the original high-end market, and the improved new sensor technology is also creating new opportunities for system deployment.
At present, the penetration rate of ADAS is less than 5%. With the further expansion and improvement of functions, as well as policy encouragement and even mandatory requirements, it is expected to grow at a rate of more than 20% in the future. By 2020, the market size is expected to be close to 30 billion US dollars.
A variety of operation control, safety control, and peripheral control functions in ADAS require PCBs to be implemented. It is expected that cars that will achieve fully autonomous driving in the future will be equipped with more PCBs to meet driving needs.
China's Intelligent Driving Market Size and Forecast
The demand for PCBs in new energy vehicles also has great potential. With the support of industrial policies, the domestic new energy vehicle market has maintained rapid growth since 2014. in new energy vehicles
