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 plays a crucial role in the automotive industry by enabling the functionality of various electronic components used in vehicles. PCBs are essential for applications such as engine control units, infotainment systems, advanced driver assistance systems (ADAS), and electric powertrains. The increasing demand for electronic features in vehicles has driven the growth of the automotive PCB industry. Manufacturers are focusing on developing high-performance and durable PCBs to meet the evolving needs of modern automobiles.
Market’s Growth Drivers:
Several factors contribute to the growth of the automotive PCB market, including:
- Rise in Vehicle Electrification: The growing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) has significantly increased the demand for advanced PCBs to support battery management systems, power inverters, and charging infrastructure.
- Technological Advancements in Automotive Electronics: The integration of advanced technologies such as ADAS, vehicle-to-everything (V2X) communication, and autonomous driving solutions has led to a higher need for reliable PCBs.
- Government Regulations and Safety Norms: Stringent regulations on vehicle emissions and safety have prompted automakers to incorporate electronic control units (ECUs) that rely on efficient PCBs.
- Consumer Demand for Connectivity and Infotainment: The rising demand for smart infotainment systems, digital dashboards, and connected car features has further fueled the need for advanced PCBs.
- Miniaturization and Weight Reduction: Automakers are emphasizing lightweight vehicle components to improve fuel efficiency, leading to the adoption of compact and high-density PCBs.
Major Key Players:
- Nippon Mektron
- Samsung Electro-Mechanics
- Delphi Automotive
- Meiko Electronics
- Tripod Technology
- CMK Corporation
- KCE Electronics
- Unimicron Technology
- Daeduck Electronics
- Chin Poon Industrial
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/automotive-pcb-market
Automotive PCB Industry Developments:
- May 2024: Chin Poon Industrial announced an additional investment of USD 27.3 million to expand its factory site in Thailand.
- June 2023: Meiko Electronics disclosed plans to invest USD 200 million in establishing a new factory in Hao Binh.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
By Type Outlook
- Single-Sided PCB
- Double-Sided PCB
- Multi-Layer PCB
By Vehicle Type Outlook
- Passenger Vehicles
- Commercial Vehicles
By Application Outlook
- Powertrain
- Body and Lighting
- Infotainment
- ADAS and Safety
- Others
By Fuel Type Outlook
- Internal Combustion Engine
- Hybrid
- Electric
By Sales Channel Outlook
- OEM
- Aftermarket
The automotive PCB market is witnessing significant advancements driven by the rapid electrification of vehicles, the proliferation of smart automotive technologies, and the stringent regulatory landscape. As automakers continue to integrate sophisticated electronic features, the demand for high-performance PCBs is expected to rise further. Innovations in PCB design, materials, and manufacturing processes will be key in shaping the future of the market, ensuring efficiency, reliability, and sustainability in the automotive industry.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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