A recent report published by Infinium Global Research on automotive printed circuit board market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive printed circuit board market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive printed circuit board market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive printed circuit board market.
The automotive industry is undergoing a major transformation with a focus on electrification, automation, and vehicle connectivity. High-density interconnect (HDI) and rigid-flex printed circuit boards (PCBs) are increasingly being utilized to meet the demands of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). Additionally, metal-core and ceramic-based PCBs are being adopted for their superior thermal management capabilities. The shift towards centralized electronic architectures is changing PCB designs, allowing for higher data throughput and multifunctional processing. The expanding connected vehicle ecosystems are driving the demand for high-frequency and radio frequency (RF)-compatible PCBs, essential for telematics, vehicle-to-everything (V2X) communication, and 5G modules. These trends are prompting manufacturers to innovate in materials, design, and reliability. However, the automotive PCB market faces significant challenges, including reliability concerns, rising production costs, complex manufacturing standards, and supply chain disruptions. PCBs must withstand harsh environments, necessitating strict adherence to automotive quality standards. Raw material shortages and geopolitical tensions can impact the timely availability of substrates, copper foils, and specialty laminates. To tackle these issues, companies are investing in automation, advanced testing equipment, and thermal management technologies. They are also forming strategic partnerships with original equipment manufacturers (OEMs) and Tier-1 suppliers to reduce development cycles and costs. Some manufacturers are localizing supply chains or expanding production in emerging markets to mitigate global risks and decrease lead times. Innovations in materials science are enhancing heat resistance and durability, ensuring that products meet the performance requirements of next-generation vehicles.
The growing adoption of electric vehicles (EVs) is driving the growth of the automotive PCB market. EVs require more PCBs than internal combustion engines, especially in power electronics and energy management systems. Advanced PCBs are crucial for efficient energy transfer, heat dissipation, and real-time control. The increasing complexity and high voltage demand in EV powertrains push for multilayer, metal core, and high-density interconnect PCBs. The emergence of solid-state batteries, fast-charging technologies, and integrated power modules also creates new opportunities for material innovation and circuit design optimization. The expansion of EV charging infrastructure and vehicle-to-grid systems further stimulates the demand for automotive-grade PCBs. Governments around the world are indirectly fueling the PCB supply chain, leading Tier-1 automotive suppliers and manufacturers to invest heavily in automotive-compliant production capabilities. Additionally, the market is growing due to the rise of advanced driver-assistance systems (ADAS) and autonomous driving technologies. These technologies require electronic control units, sensors, and data processing modules, including LiDAR, radar, ultrasonic sensors, and high-resolution cameras. High-performance PCBs are needed to support these systems' computational demands. As vehicles transition from Level 1 to Level 3 automation, the complexity of electronic components increases, driving the demand for multilayer, high-frequency, and HDI PCBs. Automakers are making these features standard across vehicle segments, increasing the volume of automotive PCBs needed. However, the growth of the automotive PCB market is significantly stifled by the intricate manufacturing process of automotive-grade PCBs. These PCBs must meet stringent performance, safety, and reliability standards. To meet these requirements, manufacturers must invest in advanced materials and adopt specialized processes, increasing production complexity, cost, and time. Nonetheless, the automotive PCB market is poised for growth opportunities due to the increasing popularity of connected and smart vehicles, which heavily rely on advanced electronics and high-speed data processing. These vehicles, equipped with telematics systems, GPS navigation, and communication modules, require compact, multilayer PCBs for handling large data volumes with minimal signal loss and electromagnetic interference. Reliable PCBs are essential for V2X communication, over-the-air updates, cybersecurity modules, and predictive maintenance systems. The shift towards digital cockpits, AI-based voice assistants, smart climate controls, and mobile device integration further intensifies the need for flexible PCB solutions.
The global automotive printed circuit board market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among the regions, the Asia-Pacific region dominates the global automotive printed circuit board market, accounting for the largest share of revenue. This is due to its strong automotive manufacturing base, rapid growth in electric vehicle adoption, and the presence of leading PCB and electronic component manufacturers in countries such as China, Japan, South Korea, and Taiwan. China leads in EV production and has a highly integrated supply chain for automotive electronics, making it a major consumer of advanced PCBs. The region's skilled labour, large-scale production capabilities, and continuous technological advancements make it a central hub for automotive PCB manufacturing and innovation. Moreover, Europe is expected to witness a significant growth rate during the forecasted period of the global automotive printed circuit board market due to its strong push towards electric mobility, stringent environmental regulations, and widespread adoption of ADAS and autonomous driving technologies. Countries such as Germany, France, the UK, and the Netherlands are leading in EV adoption and automotive innovation, driving demand for advanced PCB solutions in electric drivetrains, battery systems, infotainment, and safety modules. European automakers are investing heavily in vehicle electrification and digitalization, fostering collaboration with high-tech suppliers for reliable, high-performance PCBs.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 9.58 Billion |
| Market Size by 2032 | USD 15.76 Billion |
| Growth Rate from 2024 to 2032 | CAGR of 5.72% |
| Largest Market | Asia Pacific |
| No. of Pages | 300 |
| Market Drivers |
|
| Market Segmentation | By Type, By Vehicle Type, By Level of Autonomy, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global automotive printed circuit board market provides a detailed analysis of segments in the market based on Type, Vehicle Type, Level of Autonomy, and Application.
· Double-sided PCBs
· Multi-layer PCBs
· Single-sided PCBs
· Passenger Cars
· Commercial Vehicles
· Autonomous Vehicles
· Conventional Vehicles
· Semi-autonomous Vehicles
· ADAS & Basic Safety
· Body, Comfort & Vehicle Lighting
· Infotainment Components
· Powertrain Components
· MEIKO ELECTRONICS Co., Ltd.
· TTM Technologies Inc.
· KCE Electronics Public Company Limited
· Amitron
· CMK CORPORATION
· NOK CORPORATION
· Fujikura Printed Circuits Ltd.
· CHIN POON Industrial Co., Ltd.
· Sumitomo Electric Industries, Ltd.
· RAYMING Technology
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automotive printed circuit board market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.