USD 10.36 Billion
Automotive PCB Market Size, Share, and Growth Analysis
Automotive PCB Market By Type, By Fuel Type, By Level of Autonomous Driving, By Application, By End User, By Region -Industry Forecast 2025-2032
Report ID:
SQMIG25C2150 |
Region:
Global |
Published Date: December, 2024
Pages:
183
|Tables:
0
|Figures:
0
Format -
Automotive PCB Market Insights
Automotive PCB Market size was valued at USD 10.36 Billion in 2023 and is poised to grow from USD 10.95 Billion in 2024 to USD 16.14 Billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
Increasing electrification of vehicles around the world is forecasted to be the primary factor driving sales of automotive PCBs. Rising manufacturing and sales of electric vehicles around the world are also expected to benefit market growth over the coming years. The imposition of new road and vehicle safety mandates are promoting the use of advanced safety systems such as ADAS (advanced driver assistance system), which in turn is also boosting the demand for automotive PCBs as well.
Evolving consumer preferences have also resulted in high demand for advanced infotainment and navigation systems thereby benefiting sales of automotive PCBs. High investments in the development of autonomous vehicles and the rising use of multiple electric systems in such vehicles will also create new opportunities for automotive PCB companies operating in this market. Advancements in semiconductor technologies and growing emphasis on development of automotive-focused chips are also estimated to drive market development going forward. However, supply chain disruptions, complex manufacturing process, and high costs of advanced automotive PCBs are slated to slow down market growth potential in the future.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Passenger Cars
Fastest Growth
Commercial Vehicles
Growth Rate
5.7% CAGR
Global Automotive PCB Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive PCB Market Segments Analysis
Global Automotive PCB Market is segmented by Type, by Fuel Type, by Level of Autonomous Driving, by Application, by End User and by Region. Based on Type, the market is segmented into Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB. Based on Fuel Type, the market is segmented into BEV, Hybrid, ICE. Based on Level of Autonomous Driving, the market is segmented into Autonomous Vehicles, Conventional Vehicles, Semi-Autonomous Vehicles. Based on Application, the market is segmented into ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, Powertrain Components. Based on End User, the market is segmented into Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Vehicle Type
Passenger cars are forecasted to spearhead the sales of automotive PCBs over the coming years. Growing sales of passenger cars around the world owing to rising disposable income is slated to help this segment maintain its dominance across the forecast period and beyond. Rising number of electric passenger vehicles and the growing use of electronics in multiple passenger vehicles to enhance safety and driving experience are also driving up the sales of automotive PCBs. Use of advanced infotainment and navigation systems in passenger cars will also create an opportune setting for automotive PCB companies going forward.
On the other hand, the demand for automotive PCB in commercial vehicles is slated to increase at a notable CAGR over the coming years. Imposition of stringent safety mandates for commercial vehicles and growing use of electronic systems in commercial vehicles to enhance efficiency and safety are also expected to bolster the demand for automotive PCBs in the long run. Rising popularity of smart and connected transportation systems and solutions in the commercial sector will also benefit automotive PCB market development in the future.
Analysis by Type
Double-sided automotive PCBs are projected to bring in the most revenue for all market players in the future. High versatility and low costs are key benefits of double-sided automotive PCBs that allow them to lead global market growth. Rising demand from automotive companies to fit more electronic components in their vehicles at a low cost is expected to help bolster the sales of double-sided automotive PCBs around the world. Mostly double-sided automotive PCBs are used in lighting systems, power supplies, and instrumentation applications. These types of PCBs are highly suitable for semi-autonomous vehicles.
Meanwhile, the demand for multi-layered automotive PCBs is slated to surge at an impressive pace over the coming years. The growing complexity of electronics and electronic systems in modern vehicles is promoting the demand for multi-layered automotive PCBs. Rising investments in the development of autonomous vehicles and a growing fleet of connected vehicles are slated to primarily present new opportunities for automotive PCB companies operating in this segment. Advanced electric vehicles are also expected to bolster the adoption of multi-layered automotive PCBs across the study period and beyond.
Global Automotive PCB Market By Vehicle Type
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Automotive PCB Market Regional Insights
The presence of key automotive giants and a robust semiconductor manufacturing industry in the Asia Pacific region makes it the leading market for all automotive PCB companies. Rising demand for electric vehicles, growing sales of vehicles, and increasing adoption of advanced vehicle safety systems are all expected to contribute to the dominance of this region. China is slated to be the most opportune country in this region followed by Japan and India. Launch of new supportive government initiatives to promote the development of autonomous and electric vehicles will also create new business scope for automotive PCB companies in the long run.
Europe is projected to emerge as the second-largest market for automotive PCB companies in the future. The presence of multiple automotive manufacturers and rising use of advanced digital safety systems, infotainment systems, and navigation systems are expected to help this region boost automotive PCB sales. The growing popularity of electric vehicles in this region to curb emissions will also present new opportunities for automotive PCB providers going forward. Germany, France, Italy, and the United Kingdom are slated to be the most opportune markets for automotive PCB providers operating in the European region. Surging sales of luxury vehicles in European countries owing to the rising number of wealthy individuals will also create new business opportunities for market players.
Global Automotive PCB Market By Region
- Largest
- Fastest
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Automotive PCB Market Dynamics
Drivers
Electrification of Vehicles
- Automotive companies are focusing on adding more advanced digital technologies and electronic components to their vehicles to enhance the driving experience. Moreover, the use of electronic motors and other systems to enhance performance of vehicles is also contributing to the high electrification of automotive industry thereby promoting automotive PCB sales as well.
Emphasis on Advanced Vehicle Safety
- Rising incidence of road accidents and mortality rates due to the same has resulted in high demand for advanced vehicle safety systems and solutions. Most advanced safety systems such as advanced driver assistance system (ADAS) require data from sensors and process it to provide better safety for drivers and passengers thereby benefiting market growth potential.
Restraints
High Costs of Advanced PCBs
- Automotive PCBs are mostly affordable these days due to advancements in semiconductor technologies. The same cannot be stated for advanced automotive PCBs as they often involve expensive development or manufacturing approaches resulting in higher product costs. These high costs of advanced automotive PCBs are expected to inhibit market growth in the future.
Supply Chain Disruptions
- Raw materials required to produce automotive PCBs are subject to supply chain disruptions that could affect the demand and supply for finished products. These disruptions could reduce the profits of automotive PCB companies and even cause potential losses if not handled correctly, which in turn, results in slowed market development.
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Automotive PCB Market Competitive Landscape
Automotive PCB Market companies should invest in the development of new manufacturing techniques to make advanced PCBs more affordable. Collaborating with leading semiconductor manufacturing companies can also offer lucrative opportunities for automotive PCB providers in the future. Developing automotive PCBs specifically for electric and hybrid vehicles will also offer good returns for automotive PCB market players in the long run.
Top Players in Automotive PCB Market
- TTM-Technologies
- Schweizer Electronic AG
- Rogers Corporation
- Meiko Electronics
- Tripod Technology
- CMK Corporation
- KCE Electronics
- Unimicron Technology
- Chin Poon Industrial Company Limited
- Ventec International Group Ltd.
- Samsung Electro-Mechanics
- Nippon Mektron
- Amitron Corp
- Delphi
- RayMing Technology.
Recent Developments
- In July 2024, Omron Electronic Components Europe, a renowned provider of PCBs announced the launch of a new PCB relay for EV charger wallboxes. The new G9The new G9KC relay offers low contact resistance and high reliability to ensure faster and more efficient charging of electric vehicles.
- In January 2024, Texas Instruments, a renowned semiconductor manufacturer, announced the launch of its new automotive chips to promote safety and autonomy in vehicles. The new offerings were intended to provide sensor fusion and other advanced capabilities for automotive companies.
- In April 2024, Meiko Electronics, a leading provider of PCBs based in Japan announced the initiation of its new factor construction in Hao Binh, Vietnam. The company has plans to invest around $186.4 million in this project to expand its manufacturing capabilities to satisfy the rising demand for PCBs
Automotive PCB Key Market Trends
- Use in Commercial Vehicles: Automotive PCB companies can explore the use of their offerings in commercial vehicles to maximize their business scope going forward. Increasing demand for electrification of commercial vehicles and growing use of advanced safety systems in the same will offer lucrative business scope for automotive PCB providers in the long run.
- Adoption of Flexible and Rigid-Flex Electronics: Automotive PCB companies can focus on the development of flexible and rigid-flex PCBs as their use in automotive manufacturing is projected to increase in the future. High durability and ability to fit more electronic components due to flexibility are some key benefits that are slated to help this trend generate highly rewarding business opportunities in the long run.
Automotive PCB Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing electrification of the automotive industry and rising use of advanced safety systems are slated to drive up the sales of automotive PCBs over the coming years. On the contrary, supply chain disruptions and high costs of advanced automotive PCBs are slated to inhibit market growth potential in the future. Rising sales of electric vehicles owing to stringent emissions regulations are slated to make Europe the second-largest market for automotive PCB companies in the future. Developing automotive PCBs for commercial vehicle use is estimated to offer lucrative returns for market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.36 Billion |
| Market size value in 2032 | USD 16.14 Billion |
| Growth Rate | 5.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive PCB Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive PCB Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive PCB Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive PCB Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive PCB Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive PCB Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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