Press release
Key Strategic Developments and Emerging Changes Shaping the Automotive PCB Market Landscape
Automotive PCB Market
Forecasted Market Value and Growth Trajectory of the Automotive PCB Market
The automotive PCB market is anticipated to reach a valuation of $15.5 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.0%. This strong growth projection is supported by several factors, including the rising need for multi-layer high-frequency PCBs, increased adoption in electric vehicle (EV) battery management systems, and the broadening application of PCBs in advanced driver-assistance systems (ADAS). Additionally, the development of flexible and rigid-flex PCB designs, along with the growing production of PCBs for connected vehicle technologies, contributes significantly to the market's expansion. Key trends driving this growth encompass the advancement of automated PCB manufacturing lines, the growth of EV-focused high-density PCB frameworks, integration of autonomous vehicle electronic platforms, introduction of IoT-enabled smart PCB solutions, and progress in secure connected automotive circuitry.
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Leading Corporations Impacting the Automotive PCB Industry
The automotive PCB market is shaped by several prominent companies known for their innovation and manufacturing capabilities. Some of the major players 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., and Shinko Electric Industries Co. Ltd. Others impacting the sector are 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, among many others.
Strategic Acquisition Enhancing Market Position
In November 2024, the U.S.-based investment firm Carlyle Group Inc. acquired Kyoden Company Limited, a Japan-based manufacturer specializing in automotive PCBs, for an undisclosed sum. This move is intended to bolster Carlyle's footprint in the electronics manufacturing industry by accelerating Kyoden's growth and expanding its global production capabilities for automotive PCBs. The acquisition highlights ongoing consolidation and investment activities within the sector to meet rising demand.
View the full automotive pcb market report:
https://www.thebusinessresearchcompany.com/report/automotive-pcb-global-market-report
Innovations and Trends Shaping the Automotive PCB Market
Top companies in the automotive PCB space are heavily investing in the development of advanced materials and technologies to meet the growing needs of vehicle electronics. One focus area is the use of thermoset laminate materials that support high-frequency radar applications by improving signal integrity and sensor performance. These materials consist of reinforcing fibers such as glass cloth combined with thermosetting resins that harden permanently after curing. For example, in February 2025, Rogers Corporation, a U.S.-based engineered materials firm, introduced its RO4830 Plus circuit materials designed specifically for automotive radar applications. These materials provide higher thermal reliability, dimensional stability, moisture resistance, and long-term environmental durability, making them ideal for ADAS radar modules operating in demanding automotive conditions.
Detailed Market Segments Defining the Automotive PCB Landscape
This report categorizes the automotive PCB market into several key segments to provide a comprehensive overview:
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 Systems
- 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
Further breakdown of subsegments includes:
- Double-Sided PCBs subdivided into Standard, High-Density Interconnector (HDI), and Flexible types
- Multi-Layer PCBs segmented into 4-layer, 6-layer, 8-layer and above, and High-Frequency multi-layer PCBs
- Single-Sided PCBs categorized as Standard, Flexible, and Rigid variants
This detailed segmentation facilitates targeted analysis of evolving technologies and demand patterns, helping stakeholders to strategize effectively within the automotive PCB industry.
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