Key Insights

The automotive printed circuit board (PCB) market is experiencing robust growth, driven by the increasing electrification of vehicles and the proliferation of advanced driver-assistance systems (ADAS). The market, valued at $7.49 billion in 2025, is projected to exhibit a compound annual growth rate (CAGR) of 6.40% from 2025 to 2033, reaching an estimated value exceeding $13 billion by 2033. This expansion is fueled by several key factors. The rising demand for electric vehicles (EVs) necessitates more sophisticated and complex PCBs to manage the intricate power electronics and battery management systems. Furthermore, the integration of ADAS features, such as lane keeping assist, adaptive cruise control, and autonomous driving capabilities, significantly increases the number and complexity of PCBs required per vehicle. The shift towards higher-layer count PCBs (double and multi-layer) reflects the growing demand for higher density and improved performance in automotive electronics. While supply chain constraints and material cost fluctuations pose challenges, ongoing technological advancements and the continued adoption of electric and autonomous vehicles are expected to mitigate these restraints. Key players such as Samsung Electro Mechanics, Infineon Technologies, and STMicroelectronics are actively investing in research and development to meet the evolving needs of the automotive industry.

Market segmentation reveals a strong preference towards passenger car applications, but the commercial vehicle sector is poised for substantial growth driven by the increasing demand for safety and connectivity features in commercial fleets. The electric propulsion segment is exhibiting the fastest growth, surpassing the traditional internal combustion engine (ICE) segment due to the aforementioned EV market expansion. Among applications, ADAS components are witnessing the highest demand, followed by body and comfort systems and infotainment. Regional analysis indicates that North America and Asia Pacific are currently the largest markets, benefiting from established automotive manufacturing hubs and significant investments in electric vehicle infrastructure. However, Europe is expected to show strong growth due to stringent emission regulations and government incentives promoting electric vehicle adoption. This combination of technological advancements, regulatory pressures, and market demand creates a highly favorable environment for continued expansion within the automotive PCB industry.

Automotive PCB Industry Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the Automotive PCB Industry, offering invaluable insights for stakeholders across the value chain. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report leverages historical data (2019-2024) to project future market trends and opportunities. The report encompasses a market size exceeding xx Million, with a Compound Annual Growth Rate (CAGR) of xx% during the forecast period.

Automotive PCB Industry Market Structure & Competitive Dynamics

The Automotive PCB market exhibits a moderately consolidated structure, with several key players commanding significant market share. Samsung Electro Mechanics, Infineon Technologies AG, Unimicron Group, and STMicroelectronics NV are among the prominent companies shaping the industry landscape. Market concentration is influenced by factors such as technological capabilities, manufacturing scale, and established supply chain relationships. The industry's innovation ecosystem is robust, driven by continuous advancements in materials science, miniaturization techniques, and integration capabilities. Stringent regulatory frameworks regarding automotive safety and emissions standards significantly impact PCB design and manufacturing. Product substitutes, such as flexible circuits and alternative interconnect technologies, pose a competitive threat but remain niche players currently. End-user trends towards electric and autonomous vehicles are significantly impacting demand for higher-performing, sophisticated PCBs. M&A activities, such as the JPY 11 billion acquisition of NEC Embedded Products Ltd by Meiko Electronics Co. Ltd in August 2022, demonstrate the industry’s dynamism and the pursuit of greater market share and technological synergies. Deal values in the Automotive PCB M&A space are estimated to be in the range of xx Million annually, with a projected increase to xx Million by 2033. Market share of the top 5 players is estimated at xx%, indicating a moderately competitive yet consolidated market.

Automotive PCB Industry Industry Trends & Insights

The Automotive PCB market is experiencing robust growth fueled by several key factors. The increasing adoption of advanced driver-assistance systems (ADAS), the proliferation of electric vehicles (EVs), and the rising demand for in-vehicle infotainment systems are primary growth drivers. Technological disruptions, such as the development of high-speed, high-density PCBs and the integration of silicon carbide (SiC) chips directly onto PCBs, are revolutionizing the industry. Consumer preferences are shifting towards vehicles with enhanced connectivity, safety features, and comfort, translating into increased demand for sophisticated PCBs. The market's competitive dynamics are marked by continuous innovation, strategic partnerships, and mergers and acquisitions. The market penetration rate of high-layer count PCBs is increasing steadily, with a projected increase from xx% in 2025 to xx% by 2033. The CAGR for the overall market is estimated to be xx%, driven largely by the electrification of vehicles and the expanding features in modern automobiles.

Dominant Markets & Segments in Automotive PCB Industry

The passenger car segment dominates the Automotive PCB market, accounting for the largest share of global demand. However, the commercial vehicle segment is experiencing rapid growth, driven by increasing fleet sizes and the demand for advanced safety and connectivity features in commercial vehicles. Within propulsion types, the electric vehicle (EV) segment is the fastest-growing, outpacing the internal combustion engine (ICE) segment due to stringent emission regulations and increased consumer adoption. Multi-layer PCBs are becoming increasingly prevalent, driven by the need for higher component density and improved signal integrity in modern automotive applications.

• Key Drivers for Passenger Car Segment Dominance: High volume production, established supply chains.
• Key Drivers for Electric Vehicle (EV) Segment Growth: Stringent emission regulations, increasing consumer demand.
• Key Drivers for Multi-layer PCB Dominance: Need for higher component density, improved signal integrity, increased functionality.
• Key Drivers for ADAS Segment Growth: Focus on improving road safety and driver assistance features.

The Asia-Pacific region currently holds the largest market share, driven by strong automotive manufacturing presence and supportive government policies. North America and Europe are also major markets, although growth rates may be marginally lower than in Asia Pacific.

Automotive PCB Industry Product Innovations

Recent product innovations focus on enhancing PCB performance, miniaturization, and cost-effectiveness. The embedding of SiC chips directly onto PCBs, as demonstrated by Infineon's collaboration with Schweizer Electronic AG, is a significant development, promising increased efficiency and range in EVs while reducing system costs. Innovations also extend to flexible PCBs and high-density interconnect technologies, allowing for greater design flexibility and improved signal integrity. These advancements are enhancing the market fit by catering to the evolving demands of the automotive industry for lighter, more efficient, and highly integrated electronic systems.

Report Segmentation & Scope

This report segments the Automotive PCB market based on 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's growth projection, market size, and competitive landscape are thoroughly analyzed, providing a granular understanding of the market dynamics. The market size for passenger cars is estimated at xx Million in 2025, while the commercial vehicle segment is expected to reach xx Million by 2033. The electric vehicle segment is projected to experience the highest growth, with a market size exceeding xx Million by 2033. Multi-layer PCBs, due to their superior functionality, are expected to dominate the market, with a projected size exceeding xx Million. The ADAS application segment is expected to show significant growth driven by the increasing adoption of advanced safety features.

Key Drivers of Automotive PCB Industry Growth

Several key factors are propelling the growth of the Automotive PCB industry. Technological advancements, such as the development of high-speed, high-density PCBs and the integration of advanced semiconductor technologies, are enhancing PCB performance and enabling new functionalities. The increasing adoption of electric and autonomous vehicles is driving demand for sophisticated PCBs capable of handling complex electronic systems. Stringent government regulations promoting vehicle safety and emissions are also contributing to industry growth by necessitating advanced electronic systems. The overall growth is supported by the burgeoning global automotive market and supportive government policies focusing on technological advancement and infrastructure development in various regions.

Challenges in the Automotive PCB Industry Sector

Despite significant growth potential, the Automotive PCB industry faces certain challenges. Supply chain disruptions caused by geopolitical instability and component shortages can impact production and lead times. Stringent quality and safety standards require significant investments in testing and certification processes. The competitive landscape is intense, with companies continuously striving to differentiate their products through innovation and cost-effectiveness. Meeting the ever-increasing demand for high-performance, cost-effective, and environmentally friendly PCBs remains a significant challenge that the industry must address. These factors combined can lead to a reduction in overall profitability of approximately xx% by 2033 if mitigation strategies are not implemented.

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 Sector

• June 2022: Hitachi Astemo Ltd introduced a new compact and energy-saving inverter technology integrated onto a single PCB for EVs, enhancing efficiency and reducing size.
• August 2022: Meiko Electronics Co. Ltd acquired NEC Embedded Products Ltd's automotive electronics business for JPY 11 billion, expanding its EMS capabilities.
• April 2023: Infineon AG partnered with Schweizer Electronic AG to develop more efficient SiC chips embedded directly onto PCBs for EVs, boosting range and reducing costs.

Strategic Automotive PCB Industry Market Outlook

The Automotive PCB market presents significant growth potential driven by the continued electrification of vehicles, the expansion of ADAS features, and advancements in PCB technologies. Strategic opportunities lie in developing high-performance, cost-effective, and sustainable solutions to meet the evolving demands of the automotive industry. Focusing on innovation in materials, miniaturization techniques, and manufacturing processes will be critical for success. Companies with strong technological capabilities, established supply chains, and a focus on customer needs are well-positioned to capitalize on these opportunities and capture a significant market share in this rapidly expanding industry. The future market potential is substantial, with a projected market value exceeding xx Million by 2033.

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