Automotive Printed Circuit Board Market Forecast 2025–2032: What 6.1% CAGR Means for Suppliers

The global automotive printed circuit board (PCB) market is entering a transformative phase, fueled by the rapid integration of electronics in modern vehicles and the growing push toward advanced safety, connectivity, and electrification technologies. According to recent industry analysis, the global automotive PCB market is anticipated to be valued at US$ 10,397.2 million in 2025. The market is projected to expand significantly, growing by US$ 15,680.4 million between 2025 and 2032, reaching a total market size of US$ 26,077.6 million by 2032. This growth represents a compound annual growth rate (CAGR) of 6.1% during the forecast period.

The primary factors driving this growth include the rising adoption of electric vehicles (EVs), advancements in driver-assistance systems, and increasing consumer demand for connected and infotainment technologies. Additionally, regulatory mandates focused on emissions reduction and road safety are accelerating the adoption of PCB-enabled solutions across vehicle architectures.

As vehicles transition from being mechanically dominant systems to electronically driven machines, PCBs serve as the foundation for enabling intelligence, efficiency, and reliability. This demand is not limited to premium vehicles; mass-market models are increasingly adopting advanced PCB solutions to deliver enhanced performance, efficiency, and safety.

Segmentation Analysis

By Type

The automotive PCB market can be segmented into single-sided PCBs, double-sided PCBs, multilayer PCBs, high-density interconnect (HDI) PCBs, and flexible PCBs. Among these, multilayer PCBs currently dominate the market, owing to their extensive use in advanced vehicle systems such as infotainment modules, powertrain electronics, and advanced driver-assistance systems (ADAS).

Multilayer PCBs provide compactness, durability, and efficiency—qualities essential for high-performance automotive applications. The flexible PCB segment is expected to exhibit the fastest growth during the forecast period. Flexible PCBs enable lightweight and compact designs, making them ideal for electric vehicles, where weight reduction directly translates into improved range and efficiency.

By Vehicle Type

The adoption of PCBs differs significantly across vehicle categories. Passenger vehicles account for the largest market share, supported by rising consumer expectations for connected car features, enhanced safety systems, and infotainment solutions. The increasing penetration of mid- and high-range passenger vehicles in emerging economies is further propelling this segment.

On the other hand, the commercial vehicle segment is also experiencing rapid growth, particularly due to the increasing incorporation of telematics, fleet management systems, and electrification in buses and trucks. With logistics and public transport undergoing digital transformation, demand for robust and high-capacity PCB solutions is set to rise in this category.

By Propulsion/Technology

From a propulsion standpoint, the automotive PCB market is segmented into internal combustion engine (ICE) vehicles, electric vehicles (EVs), and hybrid vehicles. While ICE vehicles currently maintain a substantial share, electric vehicles are projected to be the fastest-growing segment during the forecast period.

This shift is primarily attributed to government initiatives promoting zero-emission mobility, falling battery costs, and the accelerated rollout of EV infrastructure. PCBs are indispensable in EVs for applications ranging from battery management systems and power converters to inverters and onboard chargers. The move toward autonomous and semi-autonomous technologies further reinforces the need for advanced PCB solutions across propulsion platforms.

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Regional Insights

Leading Regions

The Asia-Pacific region currently leads the global automotive PCB market, with countries like China, Japan, and South Korea being at the forefront of automotive innovation and electronics manufacturing. Asia-Pacific’s dominance is underpinned by its strong automotive production base, large consumer market, and significant investments in EV infrastructure. China, in particular, is driving demand through aggressive policies aimed at boosting electric mobility adoption and domestic manufacturing of electronic components.

Fastest-Growing Region

The European market is projected to be the fastest-growing region over the forecast period. Europe’s stringent regulatory environment, strong presence of luxury car manufacturers, and rapid adoption of EVs are fueling demand for high-performance PCB solutions. Countries like Germany, France, and the UK are leading the way in incorporating next-generation electronics into vehicles, particularly in safety, connectivity, and sustainability domains.

Meanwhile, North America continues to present steady growth opportunities, supported by increasing penetration of autonomous vehicle technologies and the expansion of EV offerings by domestic automakers.

Unique Features and Innovations in the Market

The automotive PCB landscape is witnessing a wave of innovation as manufacturers integrate cutting-edge technologies into their designs. The rise of artificial intelligence (AI) and machine learning has accelerated the development of intelligent PCB architectures that can process large volumes of data from sensors, cameras, and radar systems in real time, enabling advanced driver-assistance and autonomous driving functionalities.

The incorporation of Internet of Things (IoT) capabilities is also transforming PCBs into communication hubs that support vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity. Meanwhile, the rollout of 5G technology is enhancing data transmission speeds, enabling ultra-low latency communications that are critical for real-time safety systems and connected infotainment platforms.

Flexible and rigid-flex PCB innovations are further enabling compact and efficient designs, addressing the need for space optimization in EVs and advanced electronics integration. Thermal management technologies and materials are also advancing, ensuring PCBs maintain optimal performance under demanding automotive conditions.

Market Highlights

One of the key drivers of PCB adoption in the automotive sector is the growing demand for safety and regulatory compliance. Governments worldwide are mandating the inclusion of features such as electronic stability control, lane departure warnings, and collision avoidance systems—all of which rely heavily on PCB-enabled electronic modules.

Another critical factor is the pursuit of cost reduction and operational efficiency. Modern PCBs not only reduce the size and weight of automotive systems but also improve durability and reliability, leading to reduced maintenance costs. Additionally, sustainability concerns are prompting automakers to adopt eco-friendly materials and energy-efficient PCB designs, aligning with global carbon neutrality goals.

Key Players and Competitive Landscape

The automotive PCB market is highly competitive, with both global electronics giants and specialized automotive PCB manufacturers playing pivotal roles. Leading companies include:

• TTM Technologies, Inc. – Focused on expanding its advanced PCB portfolio for EV and ADAS applications, with strong partnerships across North America and Asia-Pacific.
• KCE Electronics Public Company Limited – Known for its strong presence in Asia and its commitment to producing high-quality multilayer PCBs for global automakers.
• Apex Microelectronics – Actively investing in flexible PCB innovations for EVs and autonomous vehicle electronics.
• Sumitomo Electric Industries, Ltd. – Leveraging its materials expertise to develop PCBs with enhanced thermal and electrical performance for high-power automotive applications.
• Meiko Electronics Co., Ltd. – Expanding globally with a focus on cutting-edge PCB solutions tailored for hybrid and electric vehicles.
• Chin Poon Industrial Co., Ltd. – Strong in traditional automotive PCBs, with a growing shift toward EV-related applications.

These players are engaging in strategic mergers, acquisitions, and collaborations to enhance their technology capabilities, while also expanding their manufacturing footprints in emerging markets to meet rising global demand.

Future Opportunities and Growth Prospects

Looking ahead, the automotive PCB market is poised for sustained expansion as technological, regulatory, and consumer trends converge. The rapid growth of electric and autonomous vehicles will create unprecedented demand for PCBs with higher density, reliability, and integration capacity.

Evolving global regulations on safety and emissions will continue to accelerate adoption, particularly in emerging economies where vehicle standards are tightening. Moreover, opportunities lie in the development of eco-friendly PCB materials, aligning with the automotive industry’s shift toward sustainability.

The combination of technological innovation, regulatory momentum, and consumer-driven transformation ensures that PCBs will remain central to the future of mobility. By 2032, the market’s growth trajectory will reflect not just higher volumes but also a transition to more intelligent, connected, and sustainable PCB solutions.