Automotive PCB Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Vehicle Type (Passenger Car and Commercial Vehicle), By Propulsion Type (IC Engine and Electric), By Regional, By Competition
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 6.5 Billion |
| CAGR (2023-2028) | 5.8% |
| Fastest Growing Segment | Internal Combustion Engine |
| Largest Market | Asia-Pacific |
Download Sample Ask for Discount Request Customization
Market Overview
Global Automotive PCB Market worth USD 6.5 billion in 2022 and is expected to exhibit strong growth in the forecast period with a CAGR of 5.8%.
The worldwide Automotive PCB (Printed Circuit Board) market is growing strongly on account of growing demand for cutting-edge vehicles, such as hybrid and electric automobiles, which tend to be based on PCBs significantly. The PCBs are significant in streamlining the connection and operation of diverse electronic parts within vehicles and enhancing performance, security, and connectivity.
Market leaders are aggressively working on innovations and developments in PCB technology to address the increasing demand and aid in the creation of complex electronics in vehicles. One of these innovations is the high-density interconnect (HDI) technology, which allows for the efficient and compact design of PCBs so that more electronic components can be integrated in less space. This development is crucial in the creation of contemporary automobiles that call for advanced electronic systems.
Geographically, the Asia-Pacific area is dominating the Automotive PCB market, with nations such as China, Japan, and South Korea becoming prominent contributors. These nations have well-settled and developed automobile industries, thereby increasing the demand for PCBs in domestic markets. Moreover, the availability of the biggest automobile producers and their suppliers within the region further accelerates the market's growth.
Though, Europe and North America are also reflecting impressive growth opportunities in the Automotive PCB market. These regions are observing a rising use of sophisticated automotive technologies, such as electric and autonomous cars, and henceforth a greater demand for PCBs is coming from these regions. The strict regulatory requirements and standards on vehicle safety and emissions in these regions also fuel demand for sophisticated electronic systems in automobiles.
Key Market Drivers
Electric Vehicle (EV) GrowthThe steep growth in the electric vehicle sector is one of the key drivers for the Automotive PCB Market. Since EVs need complex electronic systems for power management, infotainment, and safety features, the need for more advanced and high-density PCBs increases, thus driving market growth.
Advanced Driver-Assistance Systems (ADAS)The use of ADAS in vehicles, to enhance safety and driving comfort, significantly boosts the demand for automotive PCBs. ADAS relies on a huge number of sensors and electronic components, all of which need robust and reliable PCBs to function correctly.
Connectivity RequirementsIncreased customer demand for cars with connectivity features like onboard diagnostics, telematics, and infotainment systems is propelling the Automotive PCB Market forward. These functionalities require the use of advanced PCBs to handle high-speed data transfer and consistent performance.
Vehicle ElectrificationThe world's drive for vehicle electrification to reduce emissions increases demand for automotive PCBs. Electrification devices like battery management systems, inverters, and converters are dependent mainly on PCBs to function best, spurring market growth as producers work towards sustainability goals.
Key Challenges
- High Reliability and Durability Standards Automotive PCBs need to grow in harsh circumstances such as high temperatures, vibrations, and dampness, posing substantial reliability and durability challenges. Ensuring that these PCBs meet the strict quality standards of the automobile industry demands innovative materials and manufacturing techniques, which raises costs and complexity and limits market growth.
- Complex Supply Chain Management The Automotive PCB Market has supply chain management problems such as material shortages, logistics delays, and variable demand. These challenges contribute to longer manufacturing times and higher costs, limiting the ability to satisfy market demands efficiently
-
Key Trends
- Miniaturization and High-Density Interconnect (HDI) PCBs There’s an increasing trend toward downsizing and HDI PCBs as car electronics get more sophisticated. These enable more components to be crammed into smaller locations, enhancing performance and allowing cars to incorporate modern features without increasing size.
- Flexible and Rigid-Flex PCBs Flexible and rigid-flex PCBs are becoming more popular due to their ability to accommodate limited spaces and complex geometries in automobile designs. They provide increased reliability in tough environments, making them perfect for modern cars’ dynamic and versatile electronic requirements.
- Increased Use of Advanced Materials Automotive PCBs are increasingly adopting sophisticated materials, such as high-frequency laminates and metal substrates, to improve heat dissipation, durability, and performance. These materials are critical to addressing the needs of power electronics, particularly in electric and hybrid automobiles.
Segmental Insights
Download Sample Ask for Discount Request Customization
Propulsion Type Insights
Propulsion type plays a pivotal role in shaping the dynamics of the global automotive PCB market. The market can be broadly segmented into Internal Combustion Engines (ICE), Hybrid Electric Vehicles (HEV), and Electric Vehicles (EV). The ICE segment has traditionally dominated the market, owing to the widespread use of these engines globally. However, with increasing environmental concerns and the push for greener alternatives, the HEV and EV segments are experiencing robust growth. This trend is expected to escalate demand for automotive PCBs specifically designed for these vehicles, driving market growth.
Vehicle Type Insights
In the global Automotive Printed Circuit Board (PCB) market, several vehicle types stand as significant contributors. Passenger vehicles, for instance, hold a significant share due to the growing demand for advanced safety features, infotainment systems, navigation services, and other electronic components. The presence of numerous PCBs in these vehicles aids in seamlessly integrating these complex features. Commercial vehicles, on the other hand, are expected to exhibit notable growth over the forecast period. The adoption of fleet management services, telematics, and other electronic systems in commercial vehicles is driving the demand for automotive PCBs in this sector. As technology advances, it's anticipated that hybrid and electric vehicles will also present substantial opportunities for the PCB market, considering the significant electronic content in these vehicles.
Regional Insights
The global automotive PCB (Printed Circuit Board) market is witnessing substantial growth, driven by the rise in vehicle electrification and the increased demand for advanced safety features in automobiles. In terms of regional insights, Asia-Pacific is projected to dominate the market, attributed to the robust automotive industry and the growing adoption of electric vehicles, especially in countries like China and Japan. North America and Europe follow closely, with significant growth propelled by the integration of advanced electronics in vehicles and the presence of prominent automobile manufacturers. However, the market growth in these regions is expected to face challenges due to regulatory norms related to vehicle emissions.
Recent Developments
- In August 2022, Meiko Electronics Co.Ltd. acquired the automotive electronics business of NEC Corporation, NECEmbedded Products. Ltd. for JPY 11 billion to bolster its own ElectronicManufacturing Services (EMS) business.
- In June 2022, Hitachi Astemo Ltdintroduced a new compact and energy-saving inverter technology that integratesall the power electronics on a printed circuit board with inverter circuitcomponents. This technology is specifically developed for EVs.
Key Market Players
- Infineon Technologies AG
- Samsung Electro Mechanics
- CMK Corporation
- Amitron Corporation
- KCE Group
- Deaduck Phil. Inc.
- MEIKO ELECTRONICS Co., Ltd.
- CHIN POON Industrial Co.,Ltd.
- Unimicron Group
- STMicroelectronics N.V.
|
By Propulsion |
By Vehicle Type |
By Region |
|
|
|
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy