Press release
Prominent Automotive PCB Market Trend for 2025: Key Players Advancement Enhanced Growth In The Automotive PCB Market
Automotive PCB
The automotive PCB market is expected to grow, driven by the increasing demand for hybrid electric vehicles and battery-operated electric vehicles. PCBs are critical in the automotive sector as they are required for sensor functionality and other car components. The surge in sales of electric vehicles and battery-operated electric vehicles significantly influences the demand for automotive PCBs. JP Morgan's research indicates that by 2025, approximately 30% of all vehicle sales will be accounted for by EVs and HEVs. Thus, the increasing demand for hybrid electric vehicles and battery-operated electric vehicles is fuelling the expansion of the automotive PCB market.
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What Is the projected market size and growth rate for the automotive pcb market?
The market size of automotive PCB has witnessed robust growth over the past few years. Predicated to rise from $10.05 billion in 2024 to $10.74 billion in 2025, it registers a compound annual growth rate (CAGR) of 6.9%. The surge in growth during the historical phase is linked to factors such as an uptick in electronic components in vehicles, the advent of autonomous and semi-autonomous driving, demand for improved efficiency and weight reduction, a surge in demand for advanced infotainment, the global expansion of automotive supply chains, and emphasis on research and development and innovation.
In the near future, robust expansion is projected for the automotive PCB market. The market value is predicted to hit $14.88 billion by 2029, growing at an 8.5% compound annual growth rate (CAGR). The anticipated expansion during the forecast period is attributed to factors such as evolving ad complexities, digital cockpit development, v2x communication, rising compact electronics demand, transition to superior materials, resilience of supply chain and localization efforts. Key trends during the forecast period will likely involve technologies for autonomous driving, smart manufacturing and industry 4.0, miniaturization and integration, flexible and rigid-flex PCBs, and AI and machine learning integration.
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What new trends are reshaping the automotive pcb market and its opportunities?
The escalating adoption of Advanced Driver Assistance Systems (ADAS) features prominently amongst the emerging trends in the automotive Printed Circuit Board (PCB) market. The utilization of PCBs in ADAS systems is projected to surge substantially in the coming years, prompting businesses to optimize their automotive PCB production to satisfy the escalating demand for ADAS technologies. For example, in April 2023, Cadence Design Systems, Inc, a company based in California that provides a plethora of products and solutions to revolutionize design methods across multiple industries, launched the Cadence Allegro X AI technology. The Allegro X AI automates vital processes like placement and routing, dramatically reducing the timeframe for these tasks from several days to mere minutes. This progress is specifically advantageous for small to mid-sized designs, confronting the typical issues linked to physical layout and analysis. By leveraging cloud resources, Allegro X AI bolsters productivity via scalable computational power, facilitating effective design automation.
What major market segments define the scope and growth of the automotive pcb market?
The automotive PCB market covered in this report is segmented -
1) By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
2) By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
3) By Application: ADAS And Basic Safety, Body, Comfort, And Vehicle Lighting, Infotainment Components, Powertrain Components
4) By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
Subsegments:
1) By Double-Sided PCB: Standard Double-Sided PCBs, High-Density Interconnector (HDI) Double-Sided PCBs, Flexible Double-Sided PCBs
2) By Multi-Layer PCB: 4-Layer PCBs, 6-Layer PCBs, 8-Layer PCBs and Above, High-Frequency Multi-Layer PCBs
3) By Single-Sided PCB: Standard Single-Sided PCBs, Flexible Single-Sided PCBs, Rigid Single-Sided PCBs
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Which region dominates the automotive pcb market?
Asia-Pacific was the largest region in the automotive PCB market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive PCB market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the automotive pcb industry growth?
Major companies operating in the automotive PCB market include Tripod Technologies, Flex Ltd., Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Delphi Technologies, Zhen Ding Technology Holding Limited, Kingboard Holdings Limited, Unimicron Corporation, Compeq Manufacturing Co. Ltd., Shinko Electric Industries Co. Ltd., TTM Technologies Inc, Nan Ya Printed Circuit Board Corporation, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, SIIX Corporation, Shenzhen Kinwong Electronic Co. Ltd., Meiko Electronics Co. Ltd., Rogers Corporation, Shenzhen Fastprint Circuit Tech Co. Ltd., Daeduck Electronics, Aoshikang Technology Co. Ltd., Chin Poon Industrial Co. Ltd., KCE Electronics Co. Ltd, CMK Corporation, Ventec International Group, WUS Printed Circuit Co. Ltd., MFS Technology Ltd., Amitron Corp, Dynamic Electronics Co. Ltd., Nanotron Technologies GmbH, Nippon Mektron Ltd., Dyna Image Corporation, Shenzhen Sunnic Technology & Co. Ltd., Jiangsu Changjiang Electronics Technology Co. Ltd.
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What Is Covered In The Automotive PCB Global Market Report?
• Market Size Forecast: Examine the automotive pcb market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive pcb market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive pcb market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive pcb market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive pcb market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive pcb market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive pcb market.
• Competitive Landscape: Review strategic developments in the automotive pcb market, including expansions, agreements, and new product launches.
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