Automotive Pcb Market Report

Market Insights

"The automotive PCB market size was valued at US$9.52 billion in 2024 and is projected to grow at a robust CAGR of 5.9% during the forecast period to reach US$15.10 billion by 2032."

Market Dynamics

Introduction

Printed Circuit Boards (PCBs) are critical components in modern vehicles, enabling the functionality of electronic systems such as infotainment, ADAS, and powertrain controls. With the automotive industry's rapid shift toward electrification and connectivity, the demand for high-performance, reliable PCBs is surging. This market is further propelled by advancements in PCB materials and manufacturing technologies to meet stringent automotive safety and reliability standards.

Recent Market JVs and Acquisitions:

• A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
• In March 2024, TTM Technologies acquired a leading automotive PCB manufacturer to expand its portfolio for electric vehicle applications.
• In January 2024, Nippon Mektron partnered with a major automotive OEM to develop high-density interconnect (HDI) PCBs for next-generation ADAS.

Recent Product Development:

• Samsung Electro-Mechanics launched a new line of flexible PCBs for automotive lighting systems in 2024.
• Meiko Electronics introduced a high-temperature-resistant PCB for electric vehicle powertrains.

Segment Analysis

By PCB Type

"HDI PCBs are expected to remain dominant, whereas flexible PCBs will be the fastest-growing PCB type in the market during the forecast period."

The automotive PCB market is segmented into single-sided, double-sided, multi-layer, HDI, and flexible PCBs. HDI PCBs dominate the market due to their superior performance in complex automotive electronics like ADAS and telematics systems, where high circuit density and reliability are critical. Flexible PCBs are projected to grow at the highest CAGR, fueled by their space-saving advantages in modern vehicle designs and increasing adoption in curved display applications. The "Others" category (including rigid-flex PCBs) is gaining traction for specialized applications requiring both durability and flexibility.

By Application

"ADAS applications dominate the market, while infotainment systems are the fastest-growing application category."
ADAS systems (including radar, LiDAR, and camera modules) require high-reliability PCBs and thus account for the largest share of automotive PCB demand. Infotainment systems are growing rapidly as consumers demand larger, more sophisticated displays and seamless connectivity. Powertrain applications remain critical, especially for EVs, where PCBs are essential for battery management and power conversion systems. The "Others" category (including lighting and body electronics) is evolving with smart lighting systems and advanced HMI interfaces.

By Vehicle Type

"Passenger cars are expected to remain the largest segment, while electric vehicles will grow at the fastest rate during the forecast period."
Passenger cars account for the majority of PCB demand, driven by the sheer volume of vehicles produced globally and the increasing electronic content per vehicle. Commercial vehicles represent a steady but more specialized segment, with requirements for ruggedized PCBs capable of withstanding harsh operating conditions. The electric vehicle segment is experiencing explosive growth, as EVs typically contain 2-3 times more PCBs than conventional vehicles, particularly for battery management systems and power electronics.

Regional Analysis

"Asia-Pacific is expected to remain the largest market for Automotive PCBs, whereas Europe will be the fastest-growing region during the forecast period."

Asia-Pacific's dominance is anchored by China's position as both the largest automotive market and PCB manufacturing hub. Japan and South Korea contribute significantly through their technological leadership in automotive electronics. Europe's growth is propelled by the EU's strict emissions regulations and rapid EV adoption, requiring advanced PCB solutions. North America maintains strong demand, particularly for premium vehicles with advanced electronics. The Rest of the World shows emerging potential in markets like India and Brazil, where automotive production is increasing.

Key Players

The market is highly competitive. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the automotive PCB market.

Here is the list of the Top Players (Based on Dominance)

• TTM Technologies
• Nippon Mektron
• Samsung Electro-Mechanics
• Meiko Electronics
• Unimicron Technology
• Chin Poon Industrial
• Tripod Technology
• KCE Electronics
• AT&S
• CMK Corporation

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The Automotive PCB Market is segmented into the following categories. 

Automotive PCB Market by PCB Type

• Single-Sided (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Double-Sided (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Multi-layer (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• HDI (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Flexible (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive PCB Market by Application Type

• ADAS (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Infotainment (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
•  Powertrain (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Lightning (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Body Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive PCB Market by Vehicle Type

• Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• EVs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive PCB Market by Region

• North America (Country Analysis: The USA, Rest of North America)
• Europe (Country Analysis: Germany, The UK, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: The Middle East, Latin America, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Automotive PCB Market realities and future market possibilities for the forecast period. 
• The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]