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Base Year
Historical Year
Forecast Year
The global automotive PCB market size reached approximately USD 9.53 billion in 2023. The market is projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 15.64 billion by 2032.
Global Automotive PCB Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 9.53 |
Market Size 2032 | USD Billion | 15.64 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.6% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 6.4% |
CAGR 2024-2032 - Market by Country | India | 7.4% |
CAGR 2024-2032 - Market by Country | China | 6.1% |
CAGR 2024-2032 - Market by Type | Multi-Layer | 6.3% |
CAGR 2024-2032 - Market by End Use | Passenger Cars | 6.2% |
Market Share by Country 2023 | UK | 3.5% |
An automotive PCB, also known as an automotive printed circuit board, is a vital component found in vehicles. Its primary function is to establish electrical connections between different electronic parts within the vehicle. Much like a conventional PCB, which is a flat board constructed from insulating material with conductive pathways etched or printed onto it, an automotive PCB is purpose-built to cater to the distinctive needs of the automotive sector.
Based on type, the market can be segmented into single-sided, double-sided, and multi-layer. The global automotive PCB market segmentation, based on fuel type, includes battery electric vehicles, hybrid electric vehicles, and internal combustion engine vehicles.
The market, based on application, is categorised into ADAS and basic safety, body, comfort and vehicle lighting, infotainment components, and powertrain components. Based on end-use, the market is divided into passenger cars and commercial vehicles. The major regional markets for automotive PCB are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive PCB market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Multi-layer PCB is likely to account for a significant portion of the global automotive PCB market share in the coming years. This type of printed circuit board boasts dual transmission and spans approximately 50 layers in thickness, making it well-suited for intricate electrical tasks. Additionally, such PCBs are lightweight and pliable, aligning with the trend towards smaller and thinner products.
With the growing integration of sensor technology and the gradual integration of the Internet of things (IoT) into automobiles, electric vehicle manufacturers have begun adopting multi-layer PCBs for powertrain solutions, chassis control systems, and automotive electronic control systems.
According to the global automotive PCB market analysis, the Asia Pacific is likely to show substantial growth during the forecast period. The region encompasses major automobile manufacturing nations like India, China, Japan, and South Korea.
CAGR 2024-2032 - Market by | Country |
India | 7.4% |
China | 6.1% |
Canada | 5.7% |
UK | 5.1% |
Germany | 4.6% |
USA | XX% |
France | XX% |
Italy | XX% |
Japan | 3.8% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
India and China stand as some of the world's major markets for electric vehicles. This positioning solidifies the Asia Pacific as the most profitable market for automotive printed circuit boards. These circuit boards find widespread use in a majority of vehicles across the region, overseeing critical functions of electric vehicles.
Unimicron Technology Corporation is a company, based in Taiwan, with expertise in producing printed circuit boards (PCBs) and various electronic components. Its client base spans multiple industries, encompassing consumer electronics, telecommunications, automotive, medical devices, and industrial. Unimicron is known for manufacturing a variety of advanced PCBs, such as HDI PCBs, flexible PCBs, rigid-flex PCBs, substrate-like PCBs, and IC substrates.
Meiko Electronics Co., Ltd. is a Japanese firm with expertise in crafting and producing printed circuit boards (PCBs) and electronic components. The company's main office is situated in Tokyo, Japan. It has established operations and manufacturing facilities in several global locations, spanning Japan, China, Thailand, Vietnam, and Mexico.
KCE Group, officially known as KCE Electronics Public Company Limited, holds a significant position in the electronics manufacturing sector, with a special focus on printed circuit boards (PCBs). Since its inception in 1987, and with its main base in Pathum Thani, Thailand, KCE Group has established itself as a leading producer of top-notch PCBs and associated electronic parts. Its offerings encompass a wide variety of PCBs, ranging from single-sided and double-sided boards to multi-layered and high-density interconnect (HDI) PCBs.
Other global automotive PCB market players include CMK Corporation, Zhen Ding Tech. Group, Austria Technologie & Systemtechnik Aktiengesellschaft, TTM Technologies Inc., Rayming Technology, CHIN POON Industrial Co., Ltd., and Amitron Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Fuel Type |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 9.53 billion.
The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 15.64 billion by 2032.
The market is driven by the increasing number of connected and electric vehicles and the rising demand for lightweight vehicles.
The growing trend of Industry 4.0 and the increasing number of manufacturers developing PCBs for the implementation of advanced technologies are expected to propel the development of the market in the coming years.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications are ADAS and basic safety, body, comfort and vehicle lighting, infotainment components, and powertrain components.
The key players in the market include CMK Corporation, Meiko Electronics Co., Ltd., KCE Group, Unimicron Technology Corporation, Zhen Ding Tech. Group, Austria Technologie & Systemtechnik Aktiengesellschaft, TTM Technologies Inc., Rayming Technology, CHIN POON Industrial Co., Ltd., and Amitron Corporation, among others.
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