Automotive Printed Circuit Board Market

Key data points: Market size in 2027 = $13 billion and 2035 = $21 billion, growth forecast = 5.8% annually for the next 8 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in automotive printed circuit board market to 2035 by pcb type (single-layer, double-layer, multi-layer, high-density interconnect, and rigid-flex / flexible), vehicle type (passenger cars and commercial vehicles), propulsion type (ICE vehicles, battery electric vehicles, and hybrid & plug-in hybrid vehicles), application (ADAS & safety, powertrain & electrification, body & comfort, infotainment & connectivity, and autonomous driving computer), and region (North America, Europe, Asia Pacific, and the Rest of the World) Automotive Printed Circuit Board Market The future of the global automotive printed circuit board market looks promising with opportunities in the ADAS & safety, powertrain & electrification, body & comfort, infotainment & connectivity, and autonomous driving computer markets. The global automotive printed circuit board market is expected to reach an estimated $21 billion by 2035 from $13 billion in 2027 with a CAGR of 5.8% from 2027 to 2035. The major drivers for this market are the increasing adoption of electric vehicle electronics, the rising demand for advanced driver assistance, and the growing integration of connected car technology. • Lucintel forecasts that, within the PCB type category, single-layer will remain the largest segment over the forecast period due to cost effectiveness and widespread electronic applications. • Within the application category, ADAS & safety will remain the largest segment. over the forecast period due to increasing vehicle safety technology adoption. • In terms of regions, APAC is expected to witness the highest growth over the forecast period due to expanding automotive electronics and manufacturing capabilities. Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below. Emerging Trends in Automotive Printed Circuit Board Market The market for automotive printed circuit boards is shifting toward electrification, advanced driver assistance systems (ADAS), and software-defined vehicles. From 2025 to 2027, there will be a demand for higher layer counts for thermal management and local sourcing. Lucintel predicts that the demand will be driven primarily by increasing electronics content in vehicles. • Electrification: The rapidly growing market for battery electric vehicles (BEV) creates a need for more control boards to manage the battery, inverters, the charging system, and the thermal system across multiple zones. Demand for high current copper and insulated metal substrates (IMS) will continue at a high rate for the next 10 years because of the rapidly growing number of high voltage architectures and EV sales. BEV sales for 2024 were over 17 million with more EVs expected to launch in 2025. • Advanced Driver Assistance: Radar, camera, lidar, and domain-control electronics will be installed in the mid-market vehicles. Domain-control electronics will include integrated NXP automotive chips. Increasing sensor density in the next 3 years will prompt a need for high-frequency, multilayer, and high-reliability PCBs. • High-density Connectivity: Software-defined vehicles will create a need for data movement from zonal controllers to gateways, displays, and cloud-connected systems at high speeds. The automotive Ethernet for the next 3 years will focus on increasing speeds to 10 Gigabits or more for selected premium vehicles. • Sustainable Manufacturing: PCB manufacturers will face stricter controls on energy use, hazardous chemistry, and material traceability amid the European Union’s Ecodesign for Sustainable Products Regulation. These will create a new perspective on how suppliers are chosen, new processes, and with what materials. " • Regional Supply Diversification: Tariffs, logistics disruptions and semiconductor policy creating the need for dual sourcing and greater localization of electronics manufacturing; the United States has committed $7.5 billion for EV charging infrastructure under the NEVI program by 2025. Increased regional capacity will affect PCB procurement, qualification cycles, and plant footprints by 2030. Electronics content per vehicle will continue to grow, but suppliers will need to meet increased thermal, reliability, cybersecurity, and ecological challenges. Advanced regional manufacturing along with high-tech materials and trusted qualification will create winners in this market. Pricing pressure will continue, particularly on traditional PCBs. In the end, partnerships with automakers and tier one suppliers will have greater significance than manufacturing capacity. Recent Developments in the Automotive Printed Circuit Board Market Current market trends show that investments will be required at a greater scale due to the increasing number of electric vehicles, additional advanced driver-assistance systems and zonal architectures within vehicles. Higher demand is expected by 2027 as these systems gain market traction and capacity shifts toward more complex associated technologies. Lucintel anticipates that due to increasing automotive technology, the shift in customer preferences, and higher quantity of cars manufactured, technology rather than vehicle production will drive market growth within the next decade. • Higher Investments in EV Platforms: By 2025, BYD allocated RMB 1 billion to produce more intelligent vehicle components in China and will create greater demand for automotive multilayer PCBs with higher thermal resistance to handle the control and management of the battery systems that will be in use through 2030. • Increasing Advanced Manufacturing: Equipment installation began for AT&S's Kulim, Malaysia, €1.7 billion campus (March 2025). Demand for high-end IC substrate and PCB manufacturing in that region will take 3-5 years to gradually meet the increased demand in the region at a high quality rather than relying on concentrated, high-volume production in Asia. • Secondary Sourcing: Major suppliers such as Honda and LG Energy Solution have begun equipment installation at their US$4.4 billion battery joint venture in Ohio (February 2025). North America will also afford suppliers the opportunity to serve regional battery and vehicle systems markets, especially for battery management systems (BMS). • Electronics Vehicle Partnerships: In 2025, Continental and Aurora expanded their partnership to deploy autonomous vehicle technologies, raising demand for high-layer count structures with advanced signal integrity and high reliability technologies. • Improved Reliability: In 2025, Panasonic launched improved automotive multilayer circuit boards. These upgraded materials will support radar, lidar, and next generation networking and will create rigorous barriers to entry for lower tier PCB suppliers. The automotive printed circuit board market is projected to become regional, specialized and capital intensive. Printed circuit boards for EVs will have high volumes, but the printed circuit boards for software-defined vehicles will have high values due to their higher layer counts, more stringent impedance control and additional thermal management. Automotive quality systems will allow suppliers to gain strong positions in the automotive market. In China, commodity capacity will remain exposed to low prices. Consolidation will likely happen next. Strategic Growth Opportunities in the Automotive Printed Circuit Board Market Between 2024 and 2026, the automotive industry will experience greater electronics content due to increasing safety regulations, software-defined architectures, and vehicle electrification. High-complexity printed circuit boards (PCBs) will be needed and Lucintel’s automotive PCB market forecast indicates automakers will need boards with a high layer count, high frequencies, and thermally managed boards in order to accommodate localized production. • ADAS High-density Boards: Radar, cameras, and domain controllers will require HDI boards. Mobileye announced over 230 million units engineered with their technology have been shipped. This will lead to greater demand for HDI and rigid flex PCBs. Level 2+ systems will move beyond premium vehicles, increasing demand. • Power Electronics Substrates for EVs: Power electronics for EVs include battery management systems (BMS), inverters, and onboard chargers. PCBs designed to withstand high temperatures and high voltages will be needed. According to the March 2025 IEA report, 17 million electric cars were sold globally in 2024. The demand for metal-core PCBs and insulated metal substrate PCBs will increase with every new EV platform. • Regional Manufacturing: Localized PCB manufacturing will become a requirement for automotive customers in order to keep reduced logistics and operate under adequate traceability systems. In February 2025, the European Commission allocated €920 million to German expenditures for semiconductor manufacturing, offering additional funding for other regions to create a regional supply chain within the next five years. North America, Europe, and India will be prominent locations for investment in automotive printed circuit boards." • High-end, High-volume Supplies: Ethernet and radar system technologies rely on low loss laminates over standard FR-4. NXP reported 10G automotive Ethernet products in their April 2025 report. Developing application-specific laminates tailored for specific automotive networking needs offers materials suppliers a margin opportunity. • PCB Lifecycle Services: Supporting automation of inspection and analysis, along with services for board failure and redesign, following the initial board delivery, provides a source of recurrent revenue. The June 2025 report from IPC noted over 3,000 organizations active in their standards ecosystem. Bringing together manufacturing, tracking, and repair services will foster customer relationships with the first-tier suppliers. The evolution of the electronics content in a vehicle will fuel market growth for PCBs more than the volume of units produced, Autonomous and ADAS technologies along with zonal architectures and regional sourcing will increase the level and complexity of PCB requirements. Suppliers should focus on engineering support for High-Speed Digital Interconnects (HDI) and high frequency technologies as well as thermal management. Continued focus on cost control will be mandatory from the original equipment manufacturers (OEM) as they demand reduction in delivery time and higher levels of local supply without sacrificing reliability. Automotive Printed Circuit Board Market Drivers and Challenges Trends in development and electrification, economics, supply chain, and regulations are changing the automotive PCB market. Lucintel has identified electronics integration, advanced driver assistance systems and manufacturing localization as key market trends. Increasing material and design costs, cyber safety requirements, and uncertainty in vehicle demand are the major concerns for suppliers and manufacturers. Some trends that drive growth in automotive PCBs are: • Integration of Electronic Systems: More sophisticated systems like advanced driver assistance systems (ADAS) and cockpit PCs lead to more integration and therefore more PCBs in the vehicle. More and more vehicle manufacturers are adopting centralized computing as well as ADAS that is expected to drive demand for multilayer HDI PCBs Signal integrity, miniaturization, low latency, and high reliability will drive demand for PCBs in the automotive sector. • Electrification: The control, monitoring, management, and charging systems of hybrid and fully electric vehicles require PCB integration that is beyond traditional ICE vehicles. Strong sales of electric vehicles in 2024 (estimated at 17 million units worldwide) have created a strong market for PCBs well into 2025. Because of increasing battery adoption and higher battery capacity requirements, in the next 3-5 years PCBs will see demand in the design of automotive and charging infrastructure systems that require high current capacity, high thermal capacity, and high reliability. • Product Innovation: Advances in PCB design and manufacturing have consequences on radar, camera, sensor, and battery systems' sizes and performance. In 2025, most vehicle radar systems were based on 77 GHz technology. In the next three to five years, more progress in product design and engineering will enable PCB suppliers to provide more value for advanced and software defined vehicles with a high degree of integration and sensor technology. • Manufacturing Efficiency: Process technologies such as automated optical inspection, laser drilling, digital production control, and artificial intelligence for defect recognition have improved output and uniformity. In February 2025, most electronics manufacturers started to implement smart factories to automate inspections and control production. As recycling and complex board designs create challenges for suppliers, these improvements will shorten lead times, reduce scrap, and help suppliers meet higher quality and delivery requirements for the automotive industry. • Sustainability and Localization: Automotive customers focus on safe, sustainable, traceable automotive components that help manage risk. From February 2025, new regulations for battery production in the EU introduced the incremental traceability of electronics. The next three to five years are expected to strong focus on making PCB fabrication more local and using greener materials for electric and premium automotive programs. This Market contains the following issues: • Raw-material and Component Costs: Uncertain supply and volatile pricing of copper foil, resin systems, laminates, gold, and specialized components affect PCB manufacturing. The price of copper reached an all-time high of over 11,000 dollars per metric ton in May of 2025 forcing higher costs on material-intensive board production. In the next 3-5 years unpredictable input costs will affect profit margins and may push the manufacturing of PCBs to those suppliers with long-term agreements for materials, material substitutions and efficient material management. • Design Complexity and Reliability: The automotive PCB design process is also complicated due to higher layer counts, smaller line widths, thermal and high-speed signals, and mixed-voltage designs. New designs of vehicle platforms integrated high-speed networking along with radar and 48-volt systems, combined with power electronics, which creates problems in restricted design areas. Of great concern is that failures may trigger recalls and increased warranty costs, leading to loss of market share and bad reputation. This will lead to more validation, testing to ensure compliance, and higher costs due to the need for more sophisticated thermal management design and automotive component qualification. • Regulatory and Supply Chain Risk: Cybersecurity, functional safety, environmental, and geopolitical challenges also pose risks to sourcing PCBs from global markets. The European Union Cyber Resiliency Act is set to take full effect in December of 2027 creating new and increased cybersecurity requirements for PCBs and their suppliers. In the next 3-5 years manufacturers will have to increase their spend for PCB sourcing while also implementing greater supply chain controls along with more secure design processes and documentation in order to diversify the supply to preferred regions, further delaying the time to bring new products to market. The automotive printed circuit board market is likely to increase as a result of increased electrification of vehicles as well as greater vehicular connectivity and advanced sensing, as well as the growing amount of electronics in vehicles. Growth opportunities will expand further as manufacturing plants become more automated and as automotive use cases drive new board architecture and sustainability innovations. These opportunities will be offset by volatile customer demands, complex requirements for board reliability and cybersecurity, and overly complex supply chains. The automotive industry is expected to more strongly favor suppliers that are sufficiently integrated across the value chain, provide high product quality, offer greater flexibility, and reduce sourcing lead time. Suppliers that efficiently integrate cost-control, high-frequency, high-density, thermal, and low environmental impact PCB capabilities will best serve the needs of the automotive industry over the next three to five years. List of Automotive Printed Circuit Board Market Companies Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies automotive printed circuit board market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive printed circuit board market companies profiled in this report include- • Unimicron Technology Corp. • Chin Poon Industrial Co. Ltd • Meiko Electronics Co. Ltd • TTM Technologies Inc. • Samsung Electro-Mechanics Co. Ltd • CMK Corporation • AT&S AG • Nippon Mektron Ltd • Zhen Ding Technology Holding • Shennan Circuits Co. Ltd Automotive Printed Circuit Board Market by Segment The study includes a forecast for the global automotive printed circuit board market by pcb type, vehicle type, propulsion type, application, and region. Automotive Printed Circuit Board Market by PCB Type [Value ($B) from 2019 to 2035]: • Single-Layer • Double-Layer • Multi-Layer • High-Density Interconnect • Rigid-Flex / Flexible Automotive Printed Circuit Board Market by Vehicle Type [Value ($B) from 2019 to 2035]: • Passenger Cars • Commercial Vehicles Automotive Printed Circuit Board Market by Propulsion Type [Value ($B) from 2019 to 2035]: • ICE Vehicles • Battery Electric Vehicles • Hybrid & Plug-In Hybrid Vehicles Automotive Printed Circuit Board Market by Application [Value ($B) from 2019 to 2035]: • ADAS & Safety • Powertrain & Electrification • Body & Comfort • Infotainment & Connectivity • Autonomous Driving Computer Automotive Printed Circuit Board Market by Region [Value ($B) from 2019 to 2035]: • North America • Europe • Asia Pacific • The Rest of the World Country Wise Outlook for the Automotive Printed Circuit Board Market The automotive printed circuit board market is forecasted to experience significant growth as supply chains evolve and shift to become more regional, electrification of vehicles increases, and governments provide more incentives for public manufacturing. The next few years will see PCB and substrate manufacturers, factory automation, and supplier partnerships move manufacturing to locations that are close to vehicle programming. Based on Lucintel’s recent market analysis, these investments will play a large role in how companies position themselves within the market. • USA: Domestic Manufacturing and Defense-related Electronics: In 2025, TTM Technologies announced plans to invest approximately $100 million to develop advanced PCB capacity in the US, which will include work to support high-reliability applications (February 2025). This investment is important because more and more automotive suppliers require secure, trusted domestic sources for radar, power-management and vehicle-control boards. • China: Capacity Localization and Electric-Vehicle Supply Chain Integration: During 2025, the Ministry of Industry and Information Technology continued to implement intelligent-vehicle policies and major PCB manufacturers continued their capacities building for battery, power-electronics, and vehicle-computing markets (June 2025). This will support local manufacturing and shorten the qualification time for large volume EV platforms. • Germany: Industrial Automation and Regional Electronics Production: In 2025, ZF and Wolfspeed ended their partnership for silicon carbide devices, and the German automotive manufacturers continued their localization of electronics and individual plant modernization (January 2025). This is important because automotive manufacturers will shift toward qualified and scalable board assembly. • India: System manufacturing under Government support: The Indian Government endorses the Electronics Component Manufacturing Scheme at Rs. 22,919 crore towards subsidization for printing circuit boards and related assemblies (May 2025). It is expected that in the next three to five years, the scheme will support local manufacturing, money flow, and attract domestic automotive electronics component suppliers to build local capacities. • Japan: Specialization in automotive electronics and advanced substrate investments: Ibiden has said the company will make capital expenditures of ¥50.0 billion in semiconductor package substrates and related high-density manufacturing in the fiscal year ending in April 2025. This investment is important as with Japanese process and supply chain control, this will further strengthen the development of high reliability, smaller boards for electrified and automotive applications. Features of the Global Automotive Printed Circuit Board Market Market Size Estimates: automotive printed circuit board market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2019 to 2026) and forecast (2027 to 2035) by various segments and regions. Segmentation Analysis: automotive printed circuit board market size by various segments, such as by pcb type, vehicle type, propulsion type, application, and region in terms of value ($B). Regional Analysis: automotive printed circuit board market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different pcb types, vehicle types, propulsion types, applications, and regions for the automotive printed circuit board market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive printed circuit board market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model. If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more. This report answers following 11 key questions: Q.1. What are some of the most promising, high-growth opportunities for the automotive printed circuit board market by PCB type (single-layer, double-layer, multi-layer, high-density interconnect, and rigid-flex / flexible), vehicle type (passenger cars and commercial vehicles), propulsion type (ICE vehicles, battery electric vehicles, and hybrid & plug-in hybrid vehicles), application (ADAS & safety, powertrain & electrification, body & comfort, infotainment & connectivity, and autonomous driving computer), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2. Which segments will grow at a faster pace and why? Q.3. Which region will grow at a faster pace and why? Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market? Q.5. What are the business risks and competitive threats in this market? Q.6. What are the emerging trends in this market and the reasons behind them? Q.7. What are some of the changing demands of customers in the market? Q.8. What are the new developments in the market? Which companies are leading these developments? Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth? Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution? Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?