What are the Historical Developments and Current Growth Metrics of the Automotive PCB Market?
The automotive pcb market has seen considerable growth due to a variety of factors.
• The automobile PCB market has experienced robust growth in recent years. The market is projected to expand from its $10.05 billion worth in 2024 to a size of $10.74 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.9%.
Factors underpinning this historical growth include the rise in electronic components in vehicles, the development of autonomous and semi-autonomous driving technologies, efficiency improvements and weight reduction measures, an increased demand for sophisticated infotainment systems, the globalization of vehicle supply chains, as well as ongoing research and innovation efforts.
What Is The Forecast For The Automotive PCB Market By 2029?
The automotive pcb market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipated robust expansion in the automotive PCB market size in the coming years. The market is projected to rise to $14.88 billion in 2029, experiencing an 8.5% compound annual growth rate (CAGR). Factors contributing to the growth in this forecast phase include growing sophistication of advertisements, development of the digital cockpit, v2x communication, the rising need for compact electronics, move towards advanced materials, resilience and localization of supply chains. Key trends for this forecast period encompass autonomous driving technologies, smart manufacturing and industry 4.0, miniaturization and integration, flexible and rigid-flex PCBs, and the incorporation of AI and machine learning.
What Key Factors and Trends are Driving the Growth of the Automotive PCB Market?
The surge in the popularity and sales of hybrid electric vehicles and battery-powered electric cars is expected to significantly boost the automotive PCB market. These PCBs, or printed circuit boards, are an integral part of the automotive industry, as they are crucial for the operation of various sensors and components in vehicles. The escalating sales of these types of electric vehicles is directly correlating to a higher demand for automotive PCBs. A study by JP Morgan has projected that by 2025, EVs and HEVs will make up roughly 30% of all vehicle sales. Thus, the soaring demand for hybrid electric and battery-powered electric vehicles is fueling the expansion of the automotive PCB market.
How Is The Globa Automotive PCB Market Divided Into Key Segments?
The automotive PCB market covered in this report is segmented –
1) By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB
2) By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles
3) By Application: ADAS And Basic Safety, Body, Comfort, And Vehicle Lighting, Infotainment Components, Powertrain Components
4) By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles
Subsegments:
1) By Double-Sided PCB: Standard Double-Sided PCBs, High-Density Interconnector (HDI) Double-Sided PCBs, Flexible Double-Sided PCBs
2) By Multi-Layer PCB: 4-Layer PCBs, 6-Layer PCBs, 8-Layer PCBs and Above, High-Frequency Multi-Layer PCBs
3) By Single-Sided PCB: Standard Single-Sided PCBs, Flexible Single-Sided PCBs, Rigid Single-Sided PCBs
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What Trends Are Reshaping The Automotive PCB Market?
One of the main trends in the automotive PCB market is the increased use of Advanced Driver Assistance Systems (ADAS). The application of PCB in ADAS is predicted to experience significant growth in the future, prompting businesses to focus on enhancing the capacity of automotive PCB in order to satisfy the growing need for ADAS. To illustrate, in April 2023, Cadence Design Systems, Inc., a company based in California that offers a wide variety of products and advanced solutions for various industry design processes, introduced Cadence Allegro X AI technology. This new technology automates essential tasks like placement and routing, cutting down the time taken to complete these actions from days to only minutes. This improvement is especially useful for smaller and medium-sized designs, tackling classical issues related to physical layout and analysis. With the use of cloud resources, Allegro X AI boosts productivity due to its scalable computational power, promoting efficient design automation.
Who Are the Key Players in the Automotive PCB Market?
Major companies operating in the automotive PCB market include:
• Tripod Technologies
• Flex Ltd.
• Murata Manufacturing Co. Ltd.
• Samsung Electro-Mechanics Co. Ltd.
• Delphi Technologies
• Zhen Ding Technology Holding Limited
• Kingboard Holdings Limited
• Unimicron Corporation
• Compeq Manufacturing Co. Ltd.
• Shinko Electric Industries Co. Ltd.
• TTM Technologies Inc
• Nan Ya Printed Circuit Board Corporation
• AT & S Austria Technologies & Systemtechnik Aktiengesellschaft
• SIIX Corporation
• Shenzhen Kinwong Electronic Co. Ltd.
• Meiko Electronics Co. Ltd.
• Rogers Corporation
• Shenzhen Fastprint Circuit Tech Co. Ltd.
• Daeduck Electronics
• Aoshikang Technology Co. Ltd.
• Chin Poon Industrial Co. Ltd.
• KCE Electronics Co. Ltd
• CMK Corporation
• Ventec International Group
• WUS Printed Circuit Co. Ltd.
• MFS Technology Ltd.
• Amitron Corp
• Dynamic Electronics Co. Ltd.
• Nanotron Technologies GmbH
• Nippon Mektron Ltd.
• Dyna Image Corporation
• Shenzhen Sunnic Technology & Co. Ltd.
• Jiangsu Changjiang Electronics Technology Co. Ltd.
What are the Regional Insights into the Automotive PCB Market?
Asia-Pacific was the largest region in the automotive PCB market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive PCB market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
