Press release
Automotive PCB Market: Unveiling Growth Rates, Key Market Influences, and Industry Players till 2029
Automotive PCB Market Outlook
What Is The Projected Market Size Of The Global Automotive PCB Market And Its Growth Rate?
The automotive PCB market has seen steady growth in recent years, with projections revealing a promising trajectory:
• Market size in 2024 - $10.05 billion
• Market estimation for 2025 - $10.74 billion, reflecting a growth rate (CAGR) of 6.9%. This growth is driven by increased electronic content in vehicles, autonomous and semi-autonomous driving, and the demand for advanced infotainment.
• By 2029, the market is expected to reach $14.88 billion, with a CAGR of 8.5%. This expansion is attributed to factors like digital cockpit evolution, v2x communication, shift to advanced materials and an increasing demand for compact electronics.
What Is Driving The Growth In The Automotive PCB Market?
The surge in demand for hybrid and battery-operated electric vehicles is a key factor propelling the automotive PCB market. PCBs play a pivotal role in ensuring the functionality of automobile sensors and components. According to a study by JP Morgan, electric vehicles and hybrid electric vehicles will account for 30% of all automotive sales by 2025, directly increasing the demand for automotive PCBs.
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Who Are the Key Players Driving Automotive PCB Market Growth?
Major companies involved in the automotive PCB market include:
• Tripod Technologies
• Flex Ltd.
• Murata Manufacturing Co. Ltd.
• Samsung Electro-Mechanics Co. Ltd.
• Delphi Technologies and many more.
What Are The Key Trends In The Automotive PCB Market?
Trends shaping the automotive PCB market include:
• Autonomous driving technologies
• Smart manufacturing and industry 4.0
• Miniaturization and integration
• Development of flexible and rigid-flex PCBs
• AI and machine learning integration
What Are The Segments Of The Global Automotive PCB Market?
The global automotive PCB market is segmented into:
• By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
• By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
• By Application: ADAS And Basic Safety, Body, Comfort And Vehicle Lighting, Infotainment Components, Powertrain Components
• By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
Which Region Leads The Automotive PCB Market?
In 2024, Asia-Pacific held the largest share in the automotive PCB market, with Europe projected as the fastest-growing region in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive PCB Market Global Market Report?
• Market Size Analysis: Analyze the Automotive PCB Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Automotive PCB Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Automotive PCB Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Automotive PCB Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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