Key Insights

The automotive printed circuit board (PCB) market is experiencing robust growth, driven by the increasing adoption of advanced driver-assistance systems (ADAS), electric vehicles (EVs), and the rising complexity of in-vehicle electronics. The market, valued at $7.49 billion in 2025, is projected to expand at a compound annual growth rate (CAGR) of 6.40% from 2025 to 2033. This growth is fueled by several key factors. The proliferation of EVs necessitates more sophisticated powertrain control systems and battery management systems, demanding higher-density and more specialized PCBs. Simultaneously, the ongoing development of ADAS features, such as autonomous driving capabilities and advanced safety systems, significantly increases the demand for complex and high-performance PCBs. Furthermore, the trend towards connected cars and enhanced infotainment systems contributes to this market expansion. Segmentation reveals that passenger cars currently dominate the market, followed by commercial vehicles, with electric propulsion systems gradually gaining market share against traditional internal combustion engines. Multi-layer PCBs are experiencing faster growth compared to single-layer and double-layer boards due to their ability to accommodate the increasing component density required by modern automotive electronics. Key players like Samsung Electro Mechanics, Infineon Technologies AG, and STMicroelectronics are at the forefront of innovation, driving technological advancements and market competition. Geographic distribution indicates a significant presence across North America, Europe, and Asia Pacific, with China and India emerging as key growth markets.

The restraints on market growth include the relatively high cost of advanced automotive PCBs, particularly those for electric vehicles and ADAS. Supply chain disruptions and fluctuating raw material prices also pose challenges. However, ongoing technological advancements, such as the development of high-frequency PCBs and flexible PCBs, are mitigating these challenges. The continuous miniaturization of electronic components, while increasing density, also leads to challenges in PCB design and manufacturing, demanding more sophisticated processes and higher precision. Nevertheless, the long-term outlook for the automotive PCB market remains positive, driven by the unrelenting demand for advanced automotive technology and the global shift towards electrification and autonomous driving. The market is expected to witness significant expansion across all segments and regions during the forecast period.

Automotive PCB Industry Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the Automotive PCB Industry, offering invaluable insights for industry professionals, investors, and strategic decision-makers. The report covers market size and growth projections, key players, technological advancements, and future trends, enabling informed strategic planning and investment decisions. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report presents a complete picture of the Automotive PCB market landscape. The market is expected to reach $XX Billion by 2033.

Automotive PCB Industry Market Structure & Innovation Trends

The Automotive PCB market is characterized by a moderately concentrated structure, with key players such as Samsung Electro Mechanics, Infineon Technologies AG, Unimicron Group, and others holding significant market share. However, the market also accommodates numerous smaller companies, especially in regional markets. The market share of the top 5 players is estimated at approximately 40% in 2025. Innovation is driven by the increasing demand for advanced driver-assistance systems (ADAS), electric vehicles (EVs), and connected car technologies. Stringent regulatory frameworks concerning vehicle safety and emissions are also pushing innovation. Product substitutes, while limited, include alternative interconnection technologies; however, PCBs remain dominant due to their versatility and cost-effectiveness. M&A activities are frequent, with recent deals focusing on expanding capacity, technological capabilities, and geographic reach. For example, Meiko Electronics Co. Ltd.'s acquisition of NEC Embedded Products Ltd. in August 2022 significantly bolstered its EMS business. The total value of M&A deals within the Automotive PCB industry from 2019 to 2024 is estimated at $XX Billion.

• Market Concentration: Moderately concentrated, top 5 players hold ~40% market share (2025 estimate).
• Innovation Drivers: ADAS, EVs, connected cars, stringent regulations.
• M&A Activity: Significant, focused on capacity expansion and technological advancements; total value of $XX Billion (2019-2024).

Automotive PCB Industry Market Dynamics & Trends

The Automotive PCB market exhibits robust growth, driven primarily by the global expansion of the automotive industry, particularly the rising adoption of EVs and the increasing complexity of vehicle electronics. Technological advancements, such as the integration of SiC chips for improved EV range and efficiency, contribute significantly to market expansion. Consumer preference for advanced features, such as improved infotainment and ADAS, further fuels demand. The competitive landscape is intense, with companies focusing on innovation, cost optimization, and strategic partnerships to maintain a competitive edge. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of xx% from 2025 to 2033. Market penetration of advanced PCB technologies, such as multi-layer PCBs in EVs, is projected to reach xx% by 2033.

Dominant Regions & Segments in Automotive PCB Industry

The Asia-Pacific region currently dominates the Automotive PCB market, fueled by strong automotive production in countries like China, Japan, South Korea, and India. This dominance is driven by favorable economic policies supporting the automotive sector, robust infrastructure, and a large pool of skilled labor.

• By Vehicle Type: Passenger cars account for the largest segment, driven by high demand and production volumes.
• By Propulsion Type: The electric vehicle segment is experiencing exponential growth, surpassing IC engine vehicles in growth rate.
• By Type: Multi-layer PCBs are gaining traction due to their ability to accommodate complex circuitry required for advanced features.
• By Application: ADAS and infotainment systems are leading applications, driving high demand for sophisticated PCB technologies.

The European and North American regions are also significant markets, with growth projected to be driven by increasing EV adoption and advancements in autonomous driving technologies.

Automotive PCB Industry Product Innovations

Recent product innovations center around higher density, smaller form-factor PCBs, and integration of advanced components like SiC chips to enhance vehicle performance and efficiency. Infineon's collaboration with Schweizer Electronic to embed 1200V CoolSiC chips directly onto PCBs exemplifies this trend. This technology enables increased EV range and lower system costs, offering a significant competitive advantage. The integration of power electronics onto a single PCB, as demonstrated by Hitachi Astemo's compact inverter technology, further highlights the trend toward miniaturization and improved efficiency.

Report Scope & Segmentation Analysis

This report segments the Automotive PCB market by vehicle type (passenger cars, commercial vehicles), propulsion type (IC engine, electric), PCB type (single-layer, double-layer, multi-layer), and application (ADAS, body and comfort, infotainment system, powertrain components, other applications). Each segment is analyzed individually, providing market size, growth projections, and competitive dynamics. For example, the electric vehicle segment is projected to exhibit the highest CAGR, driven by rising EV adoption globally. Similarly, the multi-layer PCB segment is poised for significant growth due to increasing complexity of vehicle electronics.

Key Drivers of Automotive PCB Industry Growth

Several key factors drive the growth of the Automotive PCB industry. These include the increasing demand for electric and hybrid vehicles, leading to higher PCB usage per vehicle; the proliferation of advanced driver-assistance systems (ADAS) and connected car features, requiring complex and sophisticated PCBs; and stringent government regulations on vehicle safety and emissions, necessitating advanced PCB technologies for compliance.

Challenges in the Automotive PCB Industry Sector

The Automotive PCB industry faces several challenges, including the volatility of raw material prices, fluctuations in global automotive production, supply chain disruptions, and intense competition among manufacturers. The complexity of manufacturing advanced PCBs, requiring high precision and specialized equipment, also presents a significant hurdle for many companies. These factors can impact profitability and production capacity.

Emerging Opportunities in Automotive PCB Industry

Emerging opportunities exist in the development and adoption of advanced PCB materials and technologies for next-generation vehicles. The integration of 5G connectivity, increasing demand for autonomous driving systems, and the growth of the shared mobility market offer significant growth potential for Automotive PCB manufacturers.

Leading Players in the Automotive PCB Industry Market

• Samsung Electro Mechanics
• Infineon Technologies AG
• Tripod Technologies
• Unimicron Group
• Amitron Corporation
• MEIKO ELECTRONICS Co Ltd
• STMicroelectronics NV
• CHIN POON Industrial Co Ltd
• KCE Group
• CMK Corporation
• Daeduck Phil Inc

Key Developments in Automotive PCB Industry

• June 2022: Hitachi Astemo Ltd introduced a new compact and energy-saving inverter technology for EVs, integrating all power electronics onto a single PCB.
• August 2022: Meiko Electronics Co. Ltd acquired NEC Embedded Products Ltd.'s automotive electronics business for JPY 11 billion.
• April 2023: Infineon AG partnered with Schweizer Electronic AG to develop more efficient SiC chips for automotive solutions, enabling direct PCB integration.

Future Outlook for Automotive PCB Industry Market

The future of the Automotive PCB market looks bright, driven by the ongoing trends of electrification, automation, and connectivity in the automotive industry. Continued technological advancements, particularly in materials and manufacturing processes, will shape the market landscape. Strategic partnerships, mergers and acquisitions, and investments in R&D will play a crucial role in the growth and evolution of this dynamic sector.

Automotive PCB Industry Segmentation

• 1. Vehicle Type
  • 1.1. Passenger Cars
  • 1.2. Commercial Vehicles
• 2. Propulsion Type
  • 2.1. IC Engine
  • 2.2. Electric
• 3. Type
  • 3.1. Single Layer
  • 3.2. Double Layer
  • 3.3. Multi-Layer
• 4. Application
  • 4.1. ADAS
  • 4.2. Body and Comfort
  • 4.3. Infotainment System
  • 4.4. Powertrain Components
  • 4.5. Other Applications

Automotive PCB Industry Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Rest of North America
• 2. Europe
  • 2.1. Germany
  • 2.2. United Kingdom
  • 2.3. France
  • 2.4. Rest of Europe
• 3. Asia Pacific
  • 3.1. India
  • 3.2. China
  • 3.3. Japan
  • 3.4. South Korea
  • 3.5. Rest of Asia Pacific
• 4. Rest of the World
  • 4.1. Brazil
  • 4.2. United Arab Emirates
  • 4.3. Other Countries