Automotive PCB Market
Growth Factors of Automotive PCB Market
The global automotive PCB market size was valued at USD 9.15 billion in 2023 and is projected to grow from USD 9.52 billion in 2024 to USD 15.10 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period of 2024-2032.
The outbreak of COVID-19, together with similar influences, turned the Automotive PCB Market significantly, disturbing global transport systems and manufacturing shutdowns due to locked manufacturing units and lack of workforce, which primarily affected the market. This led to a reduction of manufacturing and profits for vehicles that hampered the decision for car PCBs and slowed the of automotive PCB market growth.
The global automobile PCB market is due to increased electric motors, the advent of automobile safety systems, and the increasing use of sophisticated electronics such as ADAS and infotainment in automobiles, driving the automobile PCBs market.
Electric cars (EVs) require greater complicated PCBs to accommodate the tricky electronic systems involved in powertrain control, battery management, and infotainment. Additionally, the call for smaller and lighter components in EVs is using the need for high-density PCBs, expanding the automotive PCB market share globally. These PCBs are designed to pack more additives in a smaller area while preserving the essential electric performance and reliability. This trend is critical for optimizing the efficiency and performance of electric motors.
Comprehensive Analysis of Automotive PCB Market
The Automotive PCB Market is segmented using car kind, type, and application. The passenger vehicle phase dominates, pushed with the aid of the call for electric and hybrid cars, protection features, and a comfortable use revel. In phrases of kind, multi-layer PCBs maintain the most crucial percentage due to their suitability for complicated electric duties. HDI and flexible PCBs are rising in popularity, mainly with EV producers. By application, the ADAS phase leads because of increasing automobile protection regulations and demand for luxurious capabilities, with infotainment and frame & consolation structures contributing to the market boom.
The Asia Pacific region led the automotive PCB market by benefitting a size of USD 5.01 billion in 2023 due to the growing preference for personal mobility following COVID-19. The call for car sales and printed circuit boards is expected to develop.
The leading players in the automotive PCB market significantly influence its growth trajectory and set industry standards. These key players, including Chin Poon Industrial (Taiwan), Meiko Electronics (Japan), Nippon Mektron (Japan), TTM Technologies (U.S.), KCE Electronics (Thailand), Tripod Technology (Taiwan), Unimicron Technology (Taiwan), Kingboard Chem GRP (China), Amitron Corp (U.S.), and CMK Corp. (Japan), contribute to a competitive landscape, driving innovation and market advancement.
In June 2023, Meiko Electronics discovered plans to invest $200 million in constructing a new factory inside the northern mountainous province of Hoa Binh, Vietnam. The facility may be positioned inside the Bo Trai Song Da Industrial Park, spanning 9.2 hectares. To date, Meiko has invested $500 million across three plant life in Vietnam, providing jobs for 7,000 people and contributing $30 million.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Estimated Year 2024
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.9% from 2024 to 2032
Unit Value (USD Billion)
Segmentation
By Vehicle Type
Passenger Car
Commercial Vehicle
By Type
Single or Double layer
Multi-layer
HDI
FPC
Others
By Application
ADAS
Body & comfort
Infotainment
Others
By Region
North America (By Vehicle Type, By Type, By Application)
- U.S. (By Vehicle Type)
- Canada (By Vehicle Type)
- Mexico (By Vehicle Type)
Europe (By Vehicle Type, By Type, By Application)
- U.K. (By Vehicle Type)
- Germany (By Vehicle Type)
- France (By Vehicle Type)
- Rest of Europe (By Vehicle Type)
Asia Pacific (By Vehicle Type, By Type, By Application)
- Japan (By Vehicle Type)
- China (By Vehicle Type)
- India (By Vehicle Type)
- South Korea (By Vehicle Type)
- Rest of Asia Pacific (By Vehicle Type)
Rest of the World (By Vehicle Type, By Type, By Application)