Market Size of Automotive Printed Circuit Board (PCB) Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 7.49 Billion |
| Market Size (2029) | USD 9.52 Billion |
| CAGR (2024 - 2029) | 6.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Printed Circuit Board Market Analysis
The Automotive Printed Circuit Board Market size is estimated at USD 7.49 billion in 2024, and is expected to reach USD 9.52 billion by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).
The increasing use of electrical systems in cars and the expanding need for driver comfort and safety in vehicles, coupled with significant expansion of the automotive sector, are anticipated to act as major driving factors for market growth during the forecast period.
Furthermore, with the increasing popularity of vehicle automation and the growing demand for connected cars across the world, the demand for automotive PCBs is expected to grow significantly during the forecast period.
The integration of Artificial Intelligence (AI), cloud, and IoT-enabled devices to improve and enhance vehicle and vehicle-to-infrastructure communication. AI-powered technologies, such as emotional and behavioral recognition and personal assistants, have been fueling the growth of safety and scenarios, such as Vehicle As A Marketplace, which in turn is likely to enhance the demand for power electronics components in vehicles. Thus further propelling the target market.
Over the long term, increasing investments in R&D by major industry players and a rise in sales of electric and hybrid vehicles, as well as rising demand for connected vehicles fare creating demand in the automotive and transportation industry with a surge in sales of automotive printed circuit boards.
Key players in the market are expanding their production capacity to cater to the increased demand for automotive printed circuit boards. For instance,
In July 2022, Denkai America Inc. announced that it would invest USD 430 million in Augusta, Georgia, to set up its North American HQ and manufacturing facility. The manufacturing facility will include a USD 150 million production line to manufacture ED copper foils for EV batteries. In March 2022, Ather Energy and Bharat FIH, a Foxconn Technology Group subsidiary, signed an agreement wherein Bharat FIH will develop and manufacture electric components for Ather Energy, including printed circuit boards (PCBs), in India.
