Global PCBs in Automotive Electronics Market Set for Sustained Growth Driven by Electrification, Connectivity, and Advanced Safety Systems

PCBs in Automotive Electronics Market

The global market for PCBs in Automotive Electronics was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

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By Type
• HDI PCB
• High Frequency PCB
• FPC PCB
• Multilayer PCB

By Application
• Passenger Car
• Commercial Vehicle

Key Companies
CHIN-POON, CMK, TTM, Mektron, Meiko, KBG, Tripod Technology, KCE, AT&S, WUS Printed Circuit, Kinwong Electronic, Olympic Circuit Technology, Sihui Fuji Electronics, Ellington Electronics Technology, Shengyi Electronics, Shenlian Circuit, Suntak Technology, Mankun Technology, Zhiboxin Technology, First Hi-tec

Major Trends
• Rising adoption of HDI and multilayer PCBs for compact automotive electronics
• Growing use of high-frequency PCBs for radar, infotainment, and V2X systems
• Increasing integration of flexible PCBs in space-constrained vehicle designs
• Expansion of electric and hybrid vehicles boosting PCB demand
• Shift toward centralized and domain-based vehicle electronic architectures
• Strong regulatory focus on vehicle safety, emissions, and smart mobility

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Trends Influencing the Growth of the Market

The global PCBs in automotive electronics market is experiencing sustained expansion as vehicles become increasingly electronic, connected, and software-driven. Automakers are integrating more electronic control units, sensors, power modules, and communication systems across vehicle platforms, significantly increasing the demand for advanced printed circuit boards. This transformation is driven by the convergence of electrification, automation, and digital user experiences, which require reliable, compact, and high-performance PCB solutions that can operate under harsh automotive conditions.

From a type perspective, HDI PCBs and multilayer PCBs are emerging as the most influential contributors to market growth. These PCB types support high component density, compact layouts, and complex circuit routing, making them ideal for advanced driver assistance systems, battery management systems, and digital cockpits. As vehicle architectures evolve toward centralized computing and domain controllers, the demand for high-layer-count and fine-line boards continues to rise. In parallel, high frequency PCBs are gaining importance as radar, navigation, and vehicle-to-everything communication systems become standard across new vehicle models. Flexible PCBs are also seeing increased adoption due to their ability to reduce weight, improve vibration resistance, and enable innovative packaging in constrained automotive environments.

From an application perspective, the Passenger Car segment remains the primary growth engine, driven by increasing consumer demand for safety, comfort, infotainment, and connectivity features. Automakers are embedding advanced electronics across entry-level, mid-range, and premium vehicles, resulting in higher electronic content per unit. The accelerating adoption of electric and hybrid vehicles further strengthens this trend, as electric powertrains require sophisticated power electronics, charging systems, and energy management modules, all of which rely heavily on high-performance PCBs. Meanwhile, the Commercial Vehicle segment is experiencing steady growth as fleet operators invest in telematics, advanced safety systems, and digital fleet management solutions to improve efficiency, compliance, and operational uptime.

Regionally, Asia-Pacific continues to dominate production due to its strong electronics manufacturing ecosystem and large automotive production base. At the same time, North America and Europe are expected to witness strong growth as regulatory frameworks increasingly mandate advanced safety features, emissions reduction, and connectivity standards. These regions are also leading in the deployment of autonomous and connected vehicle technologies, further accelerating the demand for advanced PCB architectures. Industry insights from leading consulting firms such as McKinsey, Deloitte, KPMG, and PwC reinforce that the rising electronic content per vehicle and the transition toward software-defined mobility are structural trends supporting long-term market growth.

Market Share

The global PCBs in automotive electronics market is moderately consolidated, with leading manufacturers holding significant positions through long-term partnerships with automotive OEMs and tier-one suppliers. Market share is shaped by technological capabilities, manufacturing scalability, material innovation, and adherence to stringent automotive quality standards. Companies that invest in high-reliability substrates, advanced fabrication processes, and automation are strengthening their competitive positioning. Regional players continue to expand their footprint by serving localized automotive clusters and responding quickly to evolving design requirements. Strategic collaborations, capacity expansions, and vertical integration across materials, fabrication, and assembly are further influencing competitive dynamics and enabling companies to capture emerging opportunities across electric, connected, and autonomous vehicle segments.

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