How big is the automotive PCB market?
According to 6Wresearch internal database and industry insights,
Global automotive PCB market was valued at approximately
USD 10.7 billion in 2024 and is projected to reach
USD 16.1 billion by 2031, growing at a
CAGR of 6.0% during the forecast period.
This growth is driven by the rapid increase in electronic content in vehicles, rising adoption of electric and hybrid vehicles, and demand for advanced driver-assistance systems (ADAS), infotainment systems, and connectivity solutions. Miniaturization, reliability, and thermal management requirements are pushing demand for high-performance, multilayer PCBs in automotive applications.
Key Growth Factors of the Automotive PCB Market
- Rising integration of electronic control units (ECUs) in modern vehicles
- Expansion of electric and hybrid vehicle production
- Increasing demand for safety, connectivity, and infotainment systems
- Growth of autonomous driving technologies requiring sensor-heavy systems
- Advancements in PCB technology such as flexible, HDI, and ceramic PCBs
- OEM preference for lightweight and compact PCB designs for space optimization
Automotive PCB Market Trends
The industry is shifting toward high-density interconnect (HDI) and flexible PCBs to meet space and performance demands in next-gen vehicles. Demand for multilayer PCBs is increasing, especially for EV battery management systems, ADAS, and telematics. OEMs are increasingly sourcing automotive-grade PCBs that meet stringent temperature, vibration, and humidity standards. Regional PCB production hubs are emerging to meet local sourcing policies.
Emerging Developments in the Automotive PCB Market
Recent innovations include the development of metal-core PCBs for improved heat dissipation in EVs and high-current applications. Manufacturers are investing in automated optical inspection and testing to meet zero-defect requirements. Collaborations between auto component suppliers and PCB manufacturers are growing to co-develop platform-specific solutions. There is also rising adoption of AI and IoT in PCB design and manufacturing processes.
Major Companies in the Automotive PCB Market
- TTM Technologies Inc.
- Chin Poon Industrial Co., Ltd.
- Meiko Electronics Co., Ltd.
- KCE Electronics Public Company Limited
- Nippon Mektron, Ltd.
- Tripod Technology Corporation
- CMK Corporation
How big is the automotive PCB market : FAQs
The automotive PCB market is projected to reach USD 16.1 billion by 2031.
The automotive PCB market is expected to grow at a CAGR of 6.0% during upcoming years.
ADAS, infotainment, powertrain control, EV battery systems, and body electronics are key drivers of PCB demand.
EVs require high-reliability, heat-resistant PCBs for battery and power electronics, significantly boosting demand.
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