Automotive PCB Market Key Business Drivers & Industry Forecast

Automotive PCB Market Investment Opportunities & Competitive Benchmarking

The automotive PCB market is forecast to grow from USD 10.29 billion in 2025 to USD 17.21 billion by 2034, driven by a CAGR of 5.93% from 2025 to 2034.

Unlock Infinite Advantages: Subscribe to Annual Membership

Introduction

The automotive PCB market is a prominent segment of the automotive industry. This industry deals in manufacturing and development of PCBs for automotive companies around the globe. There are various types of PCBs developed in this industry consisting of single or double layered PCBs, multi-layer PCBs, HDI, FPC and some others. These PCBs are designed for several types of vehicles including passenger car and commercial vehicles. It finds numerous applications in automotive sector comprising of ADAS, body & comfort, infotainment and some others. The growing sales of commercial vehicles in several parts of the world has increased the demand for PCBs, thereby driving the industrial expansion. This market is projected to rise drastically with the growth of the automotive components across the world.

• According to the International Organization of Motor Vehicle Manufacturers, around 97006 commercial vehicles were sold in 2022 in Saudi Arabia that increased to 113068 in 2023.

Highlights of the Automotive PCB Market

• Asia Pacific held the dominant share of the automotive PCB market due to the rising sales and manufacturing of passenger vehicles in this region.
• Europe is expected to grow with a significant CAGR due to the growing demand for luxury cars in this region.
• The passenger car segment dominated the market due to the increasing adoption of electric vehicles in different parts of the world.
• The ADAS segment led the market due to the rapid integration of ADAS systems for enhancing safety in automotives.

Automotive PCB: Statistics

• According to the Engineers India Research Institute, the PCB market is expected to reach US$ 14.72 billion by 2032.
• According to the Automotive Component Manufacturers Association of India, the Indian automotive component industry was valued at US$ 74.1 billion in 2024.
• According to the Malaysian Automotive Association, around 719,160 passenger cars were sold in Malaysia in 2023.
• According to the Australasian Fleet Management Association, around 81.5 million light vehicles were sold globally in 2024.

Industry Leader Announcement

In September 2024, Ian Yang, the president of ELNA announced that, “As the demand for high-quality and advanced PCBs increase, the plant’s full production capacity is expected to reach 1 million square feet in the future, The existing facility will continue to manufacture double-sided and multi-layer PCBs, while the new plant will add advanced production capabilities to meet customers’ needs for diversified geographical manufacturing and supply chain flexibility.”

Competitive Landscape

The automotive PCB market is a highly fragmented industry with the presence of several dominating players. Some of the crucial players in this industry consists of Chin Poon Industrial (Taiwan), Meiko Electronics (Japan), TTM Technologies (U.S.), KCE Electronics (Thailand), Tripod Technology (Taiwan) and some others. These companies are constantly engaged in developing advanced PCB systems for automotives and adopting various strategies to maintain their dominant position in this industry.

• According to the annual report of Meiko Electronics, the annual revenue of the company in 2023 was 167277 million yen that increased to 179458 million yen in 2024.

Market Segmentations

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
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa