Automotive PCB Market Share to Rise at 5.4% CAGR, to Reach $16.43 Billion by 2034

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The global automotive PCB market size is projected to grow from USD 9.72 billion in 2024 to USD 16.43 billion by 2034, at a CAGR of 5.4%, according to a new report by Polaris Market Research.

Market Overview

An automotive PCB is a distinct printed circuit board utilized in several kinds of vehicles. It has an important part in several automotive electronics. One can observe its usage in anti-lock brake systems, digital displays, GPS, airbag controls, and more. They are rendering vehicles more secure and dependable. Dissimilar to customary printed circuit boards, automotive PCBs comprise two or more prefabricated substances. It renders them resist elevated humidity and temperatures. Usually, these substances involve flame-hampering fiberglass epoxy laminate and ceramic-filled PTFE. 

Key Insights from Report

• The market for automotive PCB is significantly shaped by a notable rise in electrification and modernization of vehicles.
• The automotive PCB market segmentation is mainly based on type, vehicle type, application, fuel type, sales channel, and region.
• Based on type, the double-sided PCB segment is expected to experience the highest CAGR during the forecast period.
• By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Market’s Growth Drivers

Technological Progressions: Technological progression and growing safety worries assist in the market growth rate. The surging acquisition of electric and hybrid vehicles and growing cases of road accidents globally fuelled the market demand. Additionally, the initiation of strict government directives in the context of vehicle security and the continuing advancement of autonomous vehicles are expected to offer several growth possibilities for firms in the market, contributing to automotive PCB market growth.

Rise in Connected Cars: There has been a notable surge in demand for secured cars and electric vehicles. These vehicles contain many progressive attributes, such as in-car Wi-Fi, GPS navigation, vehicle-to-vehicle communication, and smartphone connection for the internet approach. A progressive electronic system is required to reinforce these attributes. Automotive PCBs play an important part in generating progressive electronic systems and sanctioning their amalgamation.

Improvement in Vehicle’s Overall Performance: Automotive consumers and manufacturers organize vehicle security and dependability as they are crucial elements that involve a vehicle’s holistic presentation and standards. PCBs in automotive applications are outlined to encounter strict directives established by firms such as the International Organization for Standardization (ISO) and the Automotive Electronics Council (AEC).

List of Automotive PCB Market Key Players 

• Nippon Mektron
• Samsung Electro-Mechanics
• Delphi Automotive
• Meiko Electronics
• Tripod Technology
• CMK Corporation
• KCE Electronics
• Unimicron Technology
• Daeduck Electronics
• Chin Poon Industrial

Geographical Analysis

Asia Pacific accounted for the largest automotive PCB market share. This is due to growing government resourcefulness and growing usage of electric vehicles and autonomous vehicles. The elevated production of the magnitude of vehicles and escalated acquisition of progressive technologies are also pushing regional market growth.

Europe is also expected to grow at the highest CAGR during the forecast period owing to the existence of strict directives and escalating endeavors to decrease carbon discharge and drive the acquisition of electric and hybrid vehicles, thus boosting the demand for progressive PCBs. European vehicle makers are spearheading the amalgamation of autonomous driving technologies.​​​​​​