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Rising Demand For Hybrid And Battery-Electric Vehicles Fuels Automotive PCB Market Growth: Pivotal Factor Influencing Automotive PCB Market Growth in 2025
Automotive PCB
What Will the Automotive PCB Industry Market Size Be by 2025?
In recent times, the automotive PCB market has witnessed robust growth. This market is projected to expand from $10.05 billion in 2024 to $10.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors that have contributed to its historic growth include an upsurge in electronic content in vehicles, the implementation of autonomous and semi-autonomous driving, efforts towards efficiency and weight reduction, an increased demand for sophisticated infotainment, the globalization of automotive supply chains, and investment in R&D and innovation.
What's the Long-Term Growth Forecast for the Automotive PCB Market Size Through 2029?
The market size of automotive PCBs is poised for robust expansion in the coming years, with predictions of reaching $14.88 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.5%. The projection growth for this period is linked to factors like the complexity of ads, the progression of digital cockpits, v2x communication, the surge in demand for compact electronics, the move towards high-tech materials, and endeavors for supply chain resilience and localization. Key trends to watch during the forecast period involve the advancement in autonomous driving technologies, the emergence of smart manufacturing and industry 4.0, further miniaturization and integration, the application of flexible and rigid-flex PCBs, as well as the incorporation of AI and machine learning.
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What Are the Key Growth Drivers Fueling the Automotive PCB Market Expansion?
Expectations are that the automotive PCB market will grow due to the increasing demand for hybrid electric vehicles and battery-driven electric vehicles. PCBs, vital for the operation of various automobile components and sensors, are a major component in the automotive industry. As sales of electric vehicles and battery-operated vehicles increase, so does the demand for automotive PCBs. A JP Morgan study predicts that by 2025, EVs and HEVs will make up around 30% of all vehicle sales. Consequently, the demand for hybrid and battery-operated electric vehicles contributes to the expansion of the automotive PCB market.
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What Are the Key Trends Driving Automotive PCB Market Growth?
Increasing utilization of Advanced Driver Assistance Systems (ADAS) is emerging as a pivotal trend in the realm of automotive PCB market. The incorporation of PCBs in ADAS systems is forecasted to witness a substantial escalation in the future, leading corporations to concentrate on scaling up the capability of automotive PCB to cater to the escalating demand for ADAS technologies. As an illustration, Cadence Design Systems, Inc., a firm based in California and known for its comprehensive product offerings and solutions designed to revolutionize design procedures across diverse sectors, launched Cadence Allegro X AI technology in April 2023. This breakthrough technology automates essential processes such as placement and routing, dramatically curbing down the time consumed for these tasks from several days to just a few minutes. This technological development proves to be particularly advantageous for small to intermediate-scale designs, effectively dealing with the conventional issues related to physical layout and analysis. Allegro X AI optimizes productivity by leveraging cloud resources, empowering efficient design automation through scalable compute power.
How Is the Automotive PCB Market Segmented?
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 Companies Are Leading the Charge in Automotive PCB Market Innovation?
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.
Which Regions Are Leading the Global Automotive PCB Market in Revenue?
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.
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