Press release
Automotive PCB Market Size to Reach US$ 19.2 Billion by 2035 - TMR Report
Automotive PCB Market
The global automotive PCB industry was valued at US$ 10.3 Billion in 2024 and is projected to reach US$ 19.2 Billion by 2035, growing at a CAGR of 5.4% from 2025 to 2035. The market is witnessing steady growth driven by the rising integration of advanced electronics, safety systems, and connectivity features in modern vehicles. As the automotive sector transitions toward electrification and autonomous technologies, the demand for high-performance and reliable printed circuit boards (PCBs) continues to surge.
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Market Overview
Automotive PCBs are essential electronic backbones that enable the functioning of critical vehicle systems, including engine control, infotainment, lighting, ADAS, and battery management. With the increasing complexity of vehicle electronics, PCBs are evolving to support high-frequency, high-temperature, and high-density applications.
The shift toward electric vehicles (EVs), connected cars, and autonomous driving technologies is fueling the demand for multilayer, flexible, and high-reliability PCBs capable of managing advanced power distribution and data transmission requirements.
Analysts' Viewpoint on the Global Automotive PCB Market
The global automotive PCB market is expanding rapidly, driven by the accelerating transition toward vehicle electrification and the growing integration of advanced electronic control systems. Components such as battery management systems (BMS), electric powertrains, and EV charging modules depend heavily on PCBs to manage power distribution, monitoring, and electronic communication within vehicles.
Stricter environmental regulations and emission standards are further compelling automakers to develop cleaner and more energy-efficient vehicles, increasing the demand for high-performance, technologically advanced PCBs. As vehicles become smarter and more connected, PCBs will remain a critical enabler of innovation across the electric and hybrid vehicle ecosystem.
Analysis of Key Players in the Automotive PCB Market
Leading players in the automotive PCB market are focusing on advancing technologies such as high-density interconnect (HDI), flexible, and rigid-flex PCBs to meet the performance and miniaturization needs of modern vehicles. They are expanding production capacities, strengthening collaborations with automotive OEMs and technology firms, and implementing sustainable manufacturing practices. Furthermore, these companies are enhancing product reliability to meet stringent automotive quality standards (AEC-Q200, ISO/TS 16949) and are increasingly targeting emerging markets where the adoption of electric vehicles (EVs) and ADAS (Advanced Driver Assistance Systems) is accelerating.
Key players operating in the global automotive PCB market include
β’ Amitron Corporation
β’ Chin Poon Industrial Co. Ltd.
β’ CMK Corporation
β’ Delphi Technologies
β’ IBE Electronics
β’ KCE Electronics
β’ Meiko Electronics Co. Ltd.
β’ Millennium Circuits Limited
β’ MOKO Technology
β’ NEXTPCB
β’ Nippon Mektron
β’ Odak PCB
β’ PCBANow
β’ PCBCART
β’ RAYMING TECHNOLOGY
β’ Samsung Electro-Mechanics
β’ Shenzhen SprintPCB CO., LTD.
β’ Shenzhen StarLight Industrial Development Co., Ltd.
β’ Tempo
β’ Think semi Infotech Pvt Ltd.
β’ Tripod Technology Corporation
β’ TTM Technologies Inc.
β’ Unimicron Technology Corporation
β’ Venture
β’ Visteon Corporation
Each of these players has been profiled in the automotive PCB market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
Key Developments in Automotive PCB Market
β’ October 2024 - DuPont and Zhen Ding Technology Group Partnership:
DuPont and Zhen Ding Technology Group signed a strategic cooperation agreement to jointly drive the development of high-end PCB technologies. The collaboration focuses on advancing materials innovation for next-generation applications, particularly in automotive electronics, artificial intelligence, and high-frequency communications.
DuPont contributes its expertise in advanced interconnects and thermal management, while Zhen Ding leverages its manufacturing excellence to create high-performance, sustainable PCB materials. The partnership also emphasizes progress in smart manufacturing, corporate governance, and sustainability, signaling a significant step toward developing the next generation of automotive PCBs tailored for EVs and intelligent mobility.
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Key Player Strategies
βοΈ Miniaturization & High-Density Integration
Manufacturers are developing compact, multilayer PCBs to support the growing number of electronic components in smart vehicles.
π Electrification Focus
EV growth is driving demand for high-voltage PCBs with enhanced thermal and current-carrying capabilities.
π ADAS & Connectivity Integration
PCBs designed for radar, LiDAR, and camera systems are becoming standard in vehicles with advanced driver-assistance features.
π Material Innovation
Introduction of high-Tg laminates and ceramic-based PCBs improves performance under high-temperature automotive environments.
π‘ 5G & IoT-Ready Designs
Development of PCBs optimized for vehicle-to-everything (V2X) communication and onboard computing applications.
Challenges
β’ High design complexity and manufacturing precision requirements
β’ Thermal management issues in high-density circuits
β’ Rising raw material costs for laminates and substrates
β’ Supply chain disruptions impacting component availability
β’ Stringent automotive quality and safety certifications
Opportunities
π EV and Hybrid Vehicle Expansion
The growing adoption of electric and hybrid vehicles creates strong demand for high-performance PCBs in battery and power systems.
π§ Autonomous & Connected Vehicles
Integration of AI-driven sensors, radar, and LiDAR systems enhances PCB application scope.
πΏ Lightweight and Eco-Friendly Materials
Use of recyclable and halogen-free materials aligns with sustainable manufacturing goals.
βοΈ Smart Manufacturing & Automation
Adoption of Industry 4.0 technologies ensures higher production efficiency and quality consistency.
π Emerging Markets
Asia Pacific, particularly China, India, and South Korea, continues to lead PCB production and automotive electronics adoption.
Market Segmentations
β€ By Type
β’ Single-Sided PCB
β’ Double-Sided PCB
β’ Multilayer PCB
β’ Rigid-Flex PCB
β’ HDI PCB
β€ By Application
β’ Powertrain Components
β’ Safety Systems (ADAS, ABS)
β’ Infotainment & Connectivity
β’ Lighting Systems
β’ EV Battery & Charging Systems
β€ By Vehicle Type
β’ Passenger Cars
β’ Commercial Vehicles
β’ Electric & Hybrid Vehicles
β€ By Region
β’ Asia Pacific - Dominant market led by China, Japan, and South Korea
β’ Europe - Strong adoption in EV and premium vehicle segments
β’ North America - Growth driven by ADAS and connected vehicle technologies
β’ Latin America & MEA - Gradual expansion in EV assembly and automotive electronics
Why Invest in the Automotive PCB Market Report?
β Forecasts till 2035 - Detailed revenue and growth analysis for all major segments
β Comprehensive Player Profiles - Understand the innovation roadmap of top global PCB manufacturers
β Technology Insights - Coverage of advanced materials and designs shaping next-gen vehicles
β Regional Outlook - Identify emerging hubs for automotive PCB manufacturing
β Competitive Benchmarking - Track market share, product portfolios, and expansion strategies
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Conclusion
The global automotive PCB market is evolving in tandem with the automotive industry's digital transformation. As vehicles become more electric, connected, and autonomous, PCBs will play a central role in ensuring performance, safety, and communication efficiency. By 2035, the market will be defined by innovation in materials, miniaturization, and intelligent design, driving the next era of automotive electronics and smart mobility.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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