Press release
Automotive PCB Market Growth Accelerates: Strategic Forecast Predicts $14.34 Billion by 2029
Automotive PCB
What Will the Automotive PCB Industry Market Size Be by 2025?
The dimension of the automotive pcb market has seen significant expansion in the recent past. There will be an increase from $10.05 billion in 2024 to $10.57 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. Factors such as the heightened electronic constituents in vehicles, the advent of autonomous and semi-autonomous driving, enhanced efficiency and weight reduction, the need for advanced infotainment systems, global expansion of the automotive supply chains, and ongoing R&D and innovation have contributed to this historic period growth.
What's the Long-Term Growth Forecast for the Automotive PCB Market Size Through 2029?
The market size of automotive PCB is projected to experience robust growth in the coming years, reaching a valuation of $14.34 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This substantial growth predicted over the forecast period can be credited to factors such as the growing complexity of ads, the progression of the digital cockpit, v2x communication, the rise in demand for compact electronics, the transition to superior materials, supply chain robustness, and localization. Other key trends for the forecast period comprise of self-driving technologies, intelligent manufacturing and Industry 4.0, shrinkage and incorporation, bendable and rigid-flex PCBs, the integration of AI and machine learning.
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What Are the Key Growth Drivers Fueling the Automotive PCB Market Expansion?
The increasing popularity of hybrid electric vehicles and battery-powered electric vehicles is set to stimulate the expansion of the automotive PCB market. PCBs are critical in the automotive sector as they are necessary for the operation of sensors and other parts in the vehicle. The escalating sales of electric vehicles and battery-run electric vehicles are directly influencing the need for automotive PCBs. As per a survey by JP Morgan, by 2025, EVs and HEVs are predicted to make up around 30% of total vehicle sales. Hence, the heightened demand for hybrid electric vehicles and battery-powered electric vehicles is fuelling the progression of the automotive PCB market.
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What Are the Key Trends Driving Automotive PCB Market Growth?
The automotive PCB market is seeing a significant trend in the increasing adoption of Advanced Driver Assistance Systems (ADAS). The integration of PCB into these ADAS systems is predicted to further increase, prompting companies to widen the capabilities of automotive PCB to cater for the escalating demand for ADAS technologies. For instance, Cadence Design Systems, Inc., a California-based corporation, launched the Cadence Allegro X AI technology in April 2023. This technology offers a wide range of products and solutions aimed at revolutionizing the design process across various industries. Allegro X AI automates important processes such as placement and routing, sharply reducing the time for these tasks from days to minutes. This progression is especially advantageous for small to medium scale designs, addressing the customary challenges tied to physical layouts and analysis. Allegro X AI, through the use of cloud resources, bolsters productivity through scalable compute power, thereby facilitating efficient design automation.
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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