Automotive PCB Market Size

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.