Global Automotive PCB Market Report and Forecast 2024-2032

Global Automotive PCB Market Outlook

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.

Key Trends in the Market

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.

• The automotive PCB market growth is being fuelled by the surge in the number of connected and electric vehicles. These types of vehicles incorporate sophisticated electronic systems to facilitate functions like infotainment, GPS navigation, advanced driver assistance systems (ADAS), and components for electric powertrains. In this integration of intricate electronic systems, PCBs play a vital role.

• One of the major automotive PCB market trends is the increasing trend of Industry 4.0. The automotive sector is wholeheartedly adopting Industry 4.0 principles, which encompass the incorporation of intelligent technologies like IoT devices, AI, and data analytics. As a result, there is a growing need for PCBs that offer improved dependability, accuracy, and the capacity to facilitate advanced manufacturing procedures.

• The global automotive PCB market demand is propelled by the rising demand for lightweight vehicles. Car manufacturers are consistently looking to lower the weight of vehicles, aiming to enhance fuel efficiency and overall performance. This drive has created a need for PCBs that are more compact and employ lighter materials, all the while upholding high standards of durability and dependability.

Market Analysis

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.

• 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.

• Amitron Corporation

• Others

Market Share by Type

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.

Market Share by Region

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.

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.

Competitive Landscape

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.

Key Highlights of the Report