Global Automotive PCB Market size and share is currently valued at USD 9.72 billion in 2024 and is anticipated to generate an estimated revenue of USD 16.43 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Market Overview:
The automotive printed circuit board (PCB) market is experiencing significant growth, fueled by the increasing integration of electronic components in modern vehicles. PCBs are essential for powering and connecting various electronic systems in vehicles, including infotainment, safety, navigation, engine control, and electric powertrains. With the rise of advanced automotive technologies such as electric vehicles (EVs), autonomous driving, and connected cars, the demand for reliable, efficient, and high-performance PCBs is surging.
Market’s Growth Drivers:
Several factors are propelling the expansion of the automotive PCB market:
- Growth of Electric Vehicles (EVs)
The rapid adoption of EVs has significantly increased the demand for PCBs. These vehicles rely on PCBs for battery management systems, inverters, and charging modules, among other critical components. - Advancements in Autonomous Driving
The development of autonomous and semi-autonomous vehicles requires sophisticated electronic systems. PCBs play a crucial role in supporting sensors, cameras, and control units that enable self-driving technologies. - Rising Demand for Connected Cars
The growing trend of connected cars equipped with IoT-enabled features has driven the need for PCBs to power telematics, infotainment, and vehicle-to-everything (V2X) communication systems. - Focus on Vehicle Safety and Advanced Driver Assistance Systems (ADAS)
Increasing emphasis on safety features such as ADAS, airbags, and electronic stability control has expanded the application of PCBs in vehicles to ensure reliable operation of these systems. - Miniaturization of Automotive Electronics
The trend toward compact and lightweight automotive designs has led to the demand for miniaturized PCBs with high density and multilayer configurations to accommodate advanced functionalities in limited spaces.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/automotive-pcb-market/request-for-sample
List of Key Players in Automotive PCB Market:
- Nippon Mektron
- Samsung Electro-Mechanics
- Delphi Automotive
- Meiko Electronics
- Tripod Technology
- CMK Corporation
- KCE Electronics
- Unimicron Technology
- Daeduck Electronics
- Chin Poon Industrial
Recent Developments in the Automotive PCB Industry:
- May 2024: Chin Poon Industrial announced plans to invest an additional USD 27.3 million to expand its factory operations in Thailand. This expansion aims to strengthen the company’s manufacturing capacity and cater to the growing demand for automotive PCBs in the region.
- June 2023: Meiko Electronics disclosed an investment of USD 200 million for the development of a new factory in Hoa Binh, Vietnam. This facility is expected to enhance the company’s production capabilities and support the increasing demand for advanced PCBs in the automotive sector.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Automotive Pcb Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Automotive PCB Market, Vehicle Type Outlook (Revenue, USD Billion, 2020-2034)
- Passenger Vehicles
- Commercial Vehicles
Automotive PCB Market, Fuel Type Outlook (Revenue, USD Billion, 2020-2034)
- Internal Combustion Engine
- Hybrid
- Electric
Automotive PCB Market, Application Outlook (Revenue, USD Billion, 2020-2034)
- Powertrain
- Body and Lighting
- Infotainment
- ADAS and Safety
- Others
Automotive PCB Market, Type Outlook (Revenue, USD Billion, 2020-2034)
- Single-Sided PCB
- Double-Sided PCB
- Multi-Layer PCB
Automotive PCB Market, Sales Channel Outlook (Revenue, USD Billion, 2020-2034)
- OEM
- Aftermarket
The automotive PCB market is poised for substantial growth as the automotive industry continues to embrace electrification, automation, and connectivity. With advancements in PCB technology and the rising adoption of electric and autonomous vehicles, the market is set to play a crucial role in shaping the future of mobility. As automakers innovate and adapt to changing consumer demands and regulatory requirements, the automotive PCB market will remain at the forefront of this transformation, driving efficiency, safety, and sustainability in vehicles.