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Rising Demand For Hybrid And Battery-Electric Vehicles Fuels Automotive PCB Market Growth: An Emerging Driver Transforming The Automotive PCB Market Landscape
Automotive PCB
What Is the Projected Growth of the Automotive PCB Market?
In the last few years, the automotive PCB market has seen significant growth. The market size is projected to expand from $10.05 billion in 2024 to $10.74 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. This previously observed growth is seen as a result of factors such as the enhanced electronic content in vehicles, the development of autonomous and semi-autonomous driving technology, efficiency improvements, weight reduction efforts, the demand for sophisticated infotainment systems, the globalization of automotive supply chains, alongside considerable investments in research, development, and innovation.
The size of the automotive PCB market is projected to witness significant expansion in the upcoming years, reaching a value of $14.88 billion in 2029, with the compound annual growth rate (CAGR) estimated at 8.5%. The growth drivers during the forecast period are the escalating intricacy of advertisements, the evolution of digital cockpits, v2x communication, the rising demand for small-sized electronics, the transition to superior materials, and the resilience and localization of the supply chain. Main trends for the forecast timeframe are autonomous driving technologies, industry 4.0 and intelligent manufacturing, miniaturization and integration, flexible and rigid-flex PCBs, and the incorporation of artificial intelligence and machine learning.
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What Are the Different Automotive PCB Market Segments?
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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What Are the Primary Drivers Shaping the Automotive PCB Market?
The increasing preference for hybrid electric vehicles and battery-powered electric vehicles is anticipated to stimulate the expansion of the automotive PCB market. In the automotive industry, PCBs hold a pivotal role as they are critical to the operation of sensors and other parts of the automobile. The surge in sales of electric vehicles and battery-powered electric vehicles is directly influencing the need for automotive PCBs. As per research conducted by JP Morgan, by 2025, EVs and HEVs are predicted to make up approximately 30% of all vehicle sales. Hence, the escalating demand for hybrid electric vehicles and battery-powered electric vehicles is steering the advancement of the automotive PCB market.
Which Companies Are Leading in the Automotive PCB Market?
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.
What Are the Major Trends Shaping the Automotive PCB Market?
One of the primary trends being observed within the automotive PCB market is the increased uptake of Advanced Driver Assistance Systems (ADAS). There is expected to be a substantial surge in employing PCB's in ADAS systems and businesses are emphasising on beefing up the production capacity of automotive PCB to cater to the growing requirement for ADAS technologies. Case in point, Cadence Design Systems, Inc., a firm located in California offering a broad spectrum of products and solutions that revolutionize design procedures for several industries, released Cadence Allegro X AI technology in April 2023. This technology, Allegro X AI, automates essential processes like placement and routing, thus drastically cutting down the duration needed for such tasks from several days to just a few minutes. This development is especially advantageous for small to medium-sized designs, offering solutions to the conventional issues related to physical layout and analysis. Allegro X AI, by leveraging cloud resources, bolsters productivity via scalable computing power, thereby enabling effective design automation.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive PCB Market?
2. What is the CAGR expected in the Automotive PCB Market?
3. What Are the Key Innovations Transforming the Automotive PCB Industry?
4. Which Region Is Leading the Automotive PCB Market?
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