The Global Automotive Multilayer PCB Market size was valued at US$ 2.34 billion in 2024 and is projected to reach US$ 3.7 billion by 2030, at a CAGR of 7.8% during the forecast period 2024-2030.
The United States Automotive Multilayer PCB Market size was valued at US$ 678.4 million in 2024 and is projected to reach US$ 1.02 billion by 2030, at a CAGR of 7.0% during the forecast period 2024-2030.
Complex printed circuit boards with multiple layers designed specifically for automotive electronics applications.
The market shows strong growth, driven by vehicle electrification. In 2023, production reached 850 million units, with EV sector accounting for 45% of demand. High-density interconnect PCBs grow at 9.2% annually. Market saw 42% increase in advanced materials adoption in 2023. Standard PCBs lead with 58% share, while high-performance boards grow at 10.5% annually. Asia Pacific leads with 48% market share, while Europe shows 8.2% CAGR.
Report Overview
A multilayer PCB is a circuit board that contains three or more layers of conductive material. In the automotive field, multilayer PCBs are mainly used in engine electronic systems, chassis electronic systems, automatic driving systems, body electronic appliances, and infotainment systems.
This report provides a deep insight into the global Automotive Multilayer PCB market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Multilayer PCB Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Multilayer PCB market in any manner.
Global Automotive Multilayer PCB Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
- Unimicron Technology Corporation
- DSBJ
- Nippon Mektron
- TTM Technologies
- Tripod Technology
- Nan Ya PCB Corporation
- Avary Holding
- Shennan Circuits Co., Ltd
- Guangdong Kingshine Electronic Technology
- Sihui Fuji Electronics Technology
- Jiangsu Xiehe Electronic
- Olympic Circuit Technology
- Guangdong Ellington Electronics
- Wus Printed Circuit
- Suntak Technology
- Bomin Electronics
- Guangdong Goworld
- Aoshikang Technology
- Huizhou China Eagle Electronic Technology
- Victory Giant Technology
- Camelot Electronics Technology
- Ibiden
- KYODEN
- CMK Corporation
- MEIKO ELECTRONICS
- IHARA Corporation
- Kawasaka Process
- OKI Circuit Technology
- TOKAI ELECTRONICS
- YKC CORPORATION
- Below 20L
- 20-30L
- 30-40L
- Others
- Engine Control System
- ECU
- Chassis Control System
- Radar
- Infotainment System
- Automated Driving Assistance System
- Battery Management System
- Others
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Automotive Multilayer PCB Market
- Overview of the regional outlook of the Automotive Multilayer PCB Market:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
- This enables you to anticipate market changes to remain ahead of your competitors
- You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
- The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
Customization of the Report
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Drivers
- Increasing Vehicle Electrification: The automotive industry is rapidly integrating electronic systems to support functions like infotainment, safety, and advanced driver assistance systems (ADAS). This trend is accelerating the demand for multilayer PCBs, which can handle the complexity and functionality required by these systems.
- Growth in Electric Vehicles (EVs): The rise of EVs, which require sophisticated electronic control units (ECUs) for battery management, propulsion, and vehicle control, is a major growth driver. EVs typically demand high-performance, compact, and durable PCBs, making multilayer PCBs an ideal solution.
- Demand for Lightweight and Compact Components: Multilayer PCBs enable more compact and lightweight designs compared to single- or double-layer PCBs. As automotive manufacturers seek to reduce vehicle weight to improve fuel efficiency and performance, multilayer PCBs meet the requirement for space-saving, high-density component integration.
- Regulatory and Safety Standards: Increasingly stringent safety and environmental regulations push automakers toward advanced electronic systems to monitor and control vehicle functions. Multilayer PCBs, which support high-speed data transmission and reliability, meet the needs of safety-critical applications such as braking, airbags, and stability control.
Restraints
- High Manufacturing Costs: Multilayer PCB manufacturing is complex and involves high setup costs, including advanced materials and precise production techniques. This results in higher prices compared to single-layer PCBs, which can impact adoption rates, especially in cost-sensitive markets.
- Thermal Management Issues: Multilayer PCBs tend to trap more heat due to multiple layers, which can lead to performance issues if not properly managed. In automotive environments, where temperature fluctuations and heat exposure are common, this can affect the long-term reliability of electronic systems.
- Design Complexity and Testing Challenges: The complexity of multilayer PCBs introduces challenges in designing and testing them effectively. With each added layer, the potential for defects increases, and quality assurance requires more sophisticated techniques, which can limit manufacturers from entering or scaling in the market.
Opportunities
- Advancements in PCB Manufacturing Technologies: Innovations in PCB fabrication, such as the use of advanced materials (e.g., high-temperature laminates and copper composites) and automated testing processes, are reducing production costs and enhancing product quality. These advancements make it feasible to produce multilayer PCBs with improved durability, opening opportunities for wider adoption in the automotive sector.
- Emergence of Autonomous Vehicles: Autonomous vehicles (AVs) require extensive electronic systems to process real-time data from sensors, radar, LiDAR, and cameras. Multilayer PCBs are critical for integrating these high-speed, high-density components, and the increasing focus on AVs represents a significant growth opportunity for the multilayer PCB market.
- Growing Aftermarket for Automotive Electronics: The automotive aftermarket is expanding as consumers seek upgrades in infotainment, navigation, and ADAS technologies. This trend provides opportunities for multilayer PCB manufacturers to supply components for aftermarket electronic modules and systems.
Challenges
- Supply Chain Disruptions: The automotive industry has been vulnerable to supply chain issues, especially in recent years. Shortages of raw materials (e.g., copper and specialty laminates) and delays in component supply can hinder PCB production and affect the availability of multilayer PCBs.
- Intense Competition and Price Pressure: The market is highly competitive, with numerous PCB manufacturers aiming to offer multilayer PCBs at competitive prices. This competition exerts downward pressure on pricing, potentially impacting profit margins for suppliers.
- Environmental and Disposal Concerns: Multilayer PCBs involve materials that are challenging to recycle, and their disposal contributes to electronic waste. As environmental regulations tighten globally, manufacturers face increasing pressure to adopt sustainable practices, which can add to production costs.
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