Automotive Pcb Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Automotive PCB market in 2021?

The global automotive PCB market size in 2021 was valued at USD 8.3 billion, and it is expected to reach USD 12.5 billion by 2026, growing at a CAGR of 9.8% during the forecast period. The increasing demand for electric vehicles, advancements in automotive technology, and the integration of electronics in vehicles are driving the growth of the automotive PCB market.

COVID-19 Impact on the Automotive PCB Market

The COVID-19 pandemic had a significant impact on the automotive PCB market in 2020. The automotive industry faced disruptions in production and supply chain challenges due to lockdowns and restrictions imposed to curb the spread of the virus. However, as the industry gradually recovered in 2021, the demand for automotive PCBs also started to pick up.

Automotive PCB Dynamics

The automotive PCB market is driven by factors such as the increasing demand for connected and autonomous vehicles, rising adoption of electric vehicles, and advancements in automotive electronics. With the growing focus on vehicle safety, comfort, and convenience features, the demand for automotive PCBs is expected to continue to rise in the coming years.

Segments and Related Analysis

By Type:

The automotive PCB market can be segmented into single-sided PCBs, double-sided PCBs, and multi-layer PCBs. Single-sided PCBs are widely used in automotive applications due to their cost-effectiveness, while multi-layer PCBs are gaining popularity for complex electronic systems in vehicles.

By Vehicle Type:

The market can also be segmented by vehicle type into passenger cars, commercial vehicles, and electric vehicles. Passenger cars account for the largest market share, driven by the increasing consumer demand for advanced infotainment and safety features.

By Region Analysis

North America:

North America is a significant market for automotive PCBs, driven by the presence of key players, technological advancements, and the growing adoption of electric vehicles in the region. The United States dominates the market in North America.

Europe:

Europe is another key region for the automotive PCB market, with countries like Germany, France, and the UK leading the market. The increasing focus on vehicle electrification and connectivity is driving the demand for automotive PCBs in the region.

Asia Pacific:

The Asia Pacific region is witnessing rapid growth in the automotive PCB market, driven by the presence of major automotive manufacturers, increasing vehicle production, and favorable government initiatives supporting electric vehicle adoption. China, Japan, and South Korea are key markets in the region.

Key Market Players and Competitive Landscape

Some of the key players in the global automotive PCB market include Nippon Mektron, Unimicron Technology, Tripod Technology, CMK Corporation, and Daeduck Electronics. These companies are focusing on product innovation, strategic collaborations, and expansion to strengthen their market position.

Recent Happenings in the Automotive PCB Market

In recent years, the automotive PCB market has witnessed several developments, such as the introduction of advanced PCB materials for enhanced performance, the integration of AI and IoT technologies in vehicles, and the rise of autonomous driving systems. These trends are expected to shape the future of the automotive PCB market.