Automotive PCB Market Size

Automotive PCB Market size was valued at USD 11.32 billion in 2024 and is set to reach USD 24.67 billion by the end of 2037, expanding at around 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive PCB is assessed at USD 11.88 billion.

The growth of the market can be attributed to the rising demand for PCBs over the past few years, with an increased focus on improving the technology and ongoing innovations associated with automobiles. In modern cars, a user can find several new features compared to the model which is 10 years older, since technology is developing and competition among key-manufacturers is escalating. Hence, a large gap appears in the automotive industry for PCBs to fill, and it is projected to increase the market’s growth in the upcoming years.  It was found that the global sales of PCBs amounted to more than 80 billion in 2018.

Global Automotive PCB Market trends such as, strict government regulations regarding CO2 emissions and emission standards, backed by the fact that electric vehicles are becoming more and more popular in developed nations are anticipated to hike the market growth over the forecast period. Hence, a demand for the market is expected to be generated by the increasing demand for electronic systems and IoT in automobiles. Also, there has been an increase in government measures in order to encourage the sales of electric vehicles. For instance, the Government of Japan (GOJ) was proposing to subsidize a part of the cost of purchasing CEVs, such as Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). The maximum CEV subsidies awarded per vehicle in 2021 were around USD 7,200 Dollars. Furthermore, the needs of the customer are becoming more important to automotive manufacturers around the world, and regional trends are evolving to reflect consumer preferences.