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news24-amit · 6 days ago

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Smart Mobility Drives Smart PCBs: Market to Hit $4.4Bn by 2035

The global Printed Circuit Board (PCB) Market for Electric Vehicles (EVs) is set to witness significant expansion over the next decade, according to the latest market analysis. Valued at US$ 1.7 billion in 2024, the market is projected to grow at a CAGR of 8.5% from 2025 to 2035, reaching a valuation of US$ 4.4 billion by the end of the forecast period.

Market Overview: Printed Circuit Boards (PCBs) are the electronic backbone of electric vehicles, enabling power distribution, connectivity, and control across critical systems such as battery management, motor control, infotainment, and advanced safety features. With EV adoption accelerating globally, PCBs have become essential to the performance, reliability, and innovation of next-generation vehicles.

Market Drivers & Trends

One of the primary drivers of this market is the growing investment and strategic partnerships in the EV supply chain. Leading automakers and electronics companies are heavily investing in R&D and manufacturing capacity to meet the increasing demand for high-performance PCBs.

Moreover, the rise of autonomous and connected vehicles has made sophisticated electronics an indispensable part of modern transportation. The proliferation of features like ADAS (Advanced Driver-Assistance Systems), V2X communication, and in-vehicle infotainment is pushing the demand for compact, multi-layer, high-speed, and thermally efficient PCBs.

In 2023, EV sales in the U.S. surged by 60%, while the European Commission invested over US$ 6 billion in EV infrastructure further stimulating demand for advanced PCB solutions.

Latest Market Trends

The industry is witnessing a rapid shift toward flexible and high-density interconnect (HDI) PCBs, which are crucial for compact and space-saving vehicle designs. Flexible PCBs, in particular, are gaining traction in battery management systems and advanced sensor modules due to their lightweight and adaptable nature.

Additionally, regulatory advancements such as the FCC's allocation of the 5.9 GHz band for vehicle safety and autonomous functions have opened doors for new PCB capabilities. Real-time, high-speed data transmission requires advanced PCB materials and multi-layer configurations.

Key Players and Industry Leaders

Some of the most prominent players shaping the global printed circuit board market for electric vehicles include:

ABL CIRCUITS

AT&S Austria Technologie & Systemtechnik Aktiengesellschaft I

Chin Poon Industrial Co., Ltd.

Compeq Manufacturing Co., Ltd.

HannStar Board Corporation

Kinwong Electronic Co. Ltd

LG Innotek

MEIKO ELECTRONICS Co., Ltd.

Nan Ya Printed Circuit Board Corporation

RayMing PCB

Rush PCB Ltd.

SCHWEIZER ELECTRONIC AG

Shenzhen Capel Technology Co., Ltd.

Shenzhen Fastprint Circuit Tech Co., Ltd.

TTM Technologies

Unimicron Technology Corporation

Victory Giant Technology Co., Ltd.

WUS Printed Circuit Co., Ltd.

Young Poong Group

Zhen Ding Tech. Group

Among Others

These companies are prioritizing innovation, expanding global manufacturing footprints, and forging strategic alliances to maintain competitiveness and cater to evolving industry needs.

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Recent Developments

October 2024 – Mektech Manufacturing announced a 920 million baht investment in Thailand to expand production capacity for flexible PCBs and FPCBA used in electric vehicles.

July 2024 – Omron Electronic Components Europe launched a high-power PCB relay for Level 2 EV charging stations. The innovation features double-break contact designs, enabling reduced heat dissipation and enhanced energy efficiency.

Market Opportunities

The market is poised for significant opportunities, particularly in:

OEM collaborations to co-develop application-specific PCBs for power electronics and smart mobility.

Flexible PCB technology, which is expected to revolutionize EV design with lightweight, customizable circuit boards.

Geographical expansion into regions like South Asia and Latin America, where EV adoption is accelerating, and supply chains are emerging.

Additionally, the ongoing reshoring of PCB manufacturing in regions such as North America and Europe presents untapped potential for local players.

Future Outlook

According to analysts, the convergence of EV electrification, autonomy, and connectivity will demand ever more sophisticated PCB solutions. Next-generation EVs will require PCBs capable of managing 50 Gbps data speeds, robust thermal management, and high signal integrity. Flexible, multilayer, and ceramic PCBs are expected to gain ground rapidly.

As regulations around emissions and vehicle safety become more stringent, automakers will rely heavily on advanced PCB solutions to remain compliant and competitive. From battery optimization to smart in-vehicle systems, the demand for high-performance PCBs is set to skyrocket.

Market Segmentation

The global PCB market for EVs is segmented across several parameters:

By Type: Multilayer (dominant with 73.98% market share in 2024), Double-sided, Single-sided

By Substrate Type: HDI/Micro-via/Build-up, Flexible, Rigid-flex, Rigid 1-2 Sided

By Material: FR4, Metal-Based, Ceramic, PTFE, Power Combi-boards

By Application: ADAS, Battery Management, Powertrain, Lighting & Display, Charging, Connectivity, etc.

By Vehicle Type: Passenger Cars, Buses, Two-Wheelers, Trucks, Off-Highway Vehicles

By End Users: OEMs, Tier 1 & 2 Suppliers, Aftermarket

Regional Insights

East Asia is the undisputed leader in the global market, accounting for 68.3% of the total share in 2024. The region’s dominance stems from:

A well-established electronics manufacturing ecosystem

Government support for EV expansion and green technology

Cost-effective production and high R&D capabilities

Japan, South Korea, and China house the majority of leading PCB suppliers and EV component manufacturers. Their early investment in automation and material innovation is positioning East Asia as the global hub for EV electronics.

Other key regions include:

North America, driven by government initiatives like the CHIPS Act

Europe, focused on sustainable manufacturing and reducing supply chain reliance on Asia

South Asia, emerging as a low-cost, high-volume manufacturing zone

Why Buy This Report?

This in-depth industry report offers:

Detailed market sizing and forecast (2020–2035)

Comprehensive segmentation across product, material, vehicle type, and region

Competitive landscape with profiles of 20+ leading companies

Insights into trends, innovations, and regional dynamics

Strategic recommendations for stakeholders, investors, and policymakers

Whether you're an investor, OEM, component supplier, or policy planner, this report serves as a strategic guide to understanding growth dynamics and identifying emerging opportunities in the PCB market for electric vehicles.

Explore Latest Research Reports by Transparency Market Research: Active Optical Cable Market: https://www.transparencymarketresearch.com/active-optical-cables.html

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DC-DC Converter OBC Market: https://www.transparencymarketresearch.com/dc-dc-converter-obc-market.html

About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: [email protected]

#Printed Circuit Board (PCB) Market for Electric Vehicles

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southport-printing · 28 days ago

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Gold Coast Printing Services: High-Quality Solutions for Every Business Need

Looking for top-tier Gold Coast printing services? Discover high-quality, affordable print solutions tailored for businesses, events, and individuals across the Gold Coast.

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parthivilabelsandpapers · 3 months ago

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gireportstory · 4 months ago

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IC Substrate Market Size, Analyzing Forecasted Outlook and Growth for 2025-2031

Global Info Research’s report offers key insights into the recent developments in the global IC Substrate market that would help strategic decisions. It also provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.Our report further provides readers with comprehensive insights and actionable analysis on the market to help them make informed decisions. Furthermore, the research report includes qualitative and quantitative analysis of the market to facilitate a comprehensive market understanding.This IC Substrate research report will help market players to gain an edge over their competitors and expand their presence in the market.

According to our (Global Info Research) latest study, the global IC Substrate market size was valued at US$ 15160 million in 2024 and is forecast to a readjusted size of USD 27020 million by 2031 with a CAGR of 8.7% during review period.

IC substrate is a type of carry material for integrated circuit with internal circuit to connect the chips and PCBs. Additionally, the IC substrate can protect the circuit, special line, it is designed for heat dissipation and acts standardized module of IC components. It is one of the most key materials of the IC packaging.

The main IC substrate players include Ibiden, Unimicron, Semco, Simmtech, Kinsus, etc. The top 5 players account for approximately 45% of the total global market. Asia-Pacific is the largest consumer market accounting for about 87%, followed by Europe and North America. In terms of type, FC-BGA is the largest segment, with a share about 30%. And in terms of application, the largest application is smart phones, followed by PC (tablet, laptop).

This report is a detailed and comprehensive analysis for global IC Substrate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

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Estimation of historical data based on secondary and primary data.

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user. About Us: Global Info Research is a company that digs deep into Global industry information to IC Substrate enterprises with market strategies and in-depth market development analysis reports. We provide market information consulting services in the Global region to IC Substrate enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

#IC Substrate #global info research

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aishavass · 2 years ago

Link

"The market value and growth rate of the Semiconductor Packaging Materials industry are thoroughly e

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fortunatelylovingluminary · 5 months ago

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digitallabelprinting · 3 years ago

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3 Advantages of Digital Label Printing in Jordan

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news24-amit · 1 month ago

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Rising Demand for EVs Drives PCB Market to 8.5% CAGR

The global printed circuit board (PCB) market for electric vehicles (EVs) was valued at approximately US$ 1.7 billion in 2024. With the rapid growth of the EV industry, this market is poised for significant expansion, projected to reach US$ 4.4 billion by 2035, growing at a robust compound annual growth rate (CAGR) of 8.5% from 2025 to 2035. This growth is driven by increased investments, technological advancements, and the rising integration of autonomous and connected vehicle features.

Printed circuit boards are the electronic backbone of electric vehicles, facilitating seamless communication and power transfer among various vehicle systems. In EVs, PCBs support critical components like battery management systems (BMS), motor control units, advanced driver assistance systems (ADAS), and infotainment modules. They must combine high performance with thermal stability and durability to withstand the demanding operational environments of EVs.

The PCB market for EVs encompasses several advanced technologies, including multilayer, flexible, and high-density interconnect (HDI) PCBs, all contributing to improved vehicle efficiency, safety, and connectivity.

Market Drivers & Trends

Growing Investments and Strategic Partnerships: The global push toward electrification has led to significant investments and collaborations within the EV supply chain. Automakers and tech companies are enhancing vehicle efficiency and connectivity, driving the demand for sophisticated PCBs. For instance, U.S. EV sales surged by 60% in 2023, prompting greater PCB manufacturing capacity expansion. The European Union's investment exceeding US$ 6 billion in EV infrastructure further supports PCB demand.

Integration of Autonomous and Connected Vehicle Features: Advancements from Level 3 to Level 4 autonomous driving systems have increased electronic content per vehicle. This shift necessitates high-speed, multi-layer PCBs capable of handling vast data from sensors and onboard processors. Autonomous vehicles require PCBs that maintain signal integrity at data transfer rates up to 50 Gbps to support real-time decision-making and connectivity features like Vehicle-to-Everything (V2X).

Regulatory Pressures: Government mandates worldwide are enforcing stringent safety and emissions standards, pushing manufacturers to adopt advanced electronic systems embedded on quality PCBs to comply with regulations and enhance vehicle safety and efficiency.

Latest Market Trends

Flexible PCBs: Due to their ability to conform to various shapes and offer space-efficient designs, flexible PCBs are increasingly preferred for battery management and sensor applications.

High-Density Interconnect (HDI) PCBs: These support higher data rates and compact layouts essential for ADAS and autonomous driving systems.

Thermal Management Innovations: Advanced materials improving heat resistance and durability are being incorporated to handle the high power and thermal stresses in EV components.

Shift to Multilayer PCBs: Multilayer PCBs dominate the market with nearly 74% share, driven by their ability to support complex electronic systems while minimizing footprint and weight.

Key Players and Industry Leaders

Prominent manufacturers in the printed circuit board market for electric vehicles include:

ABL CIRCUITS

AT&S Austria Technologie & Systemtechnik Aktiengesellschaft I

Chin Poon Industrial Co., Ltd.

Compeq Manufacturing Co., Ltd.

HannStar Board Corporation

Kinwong Electronic Co. Ltd

LG Innotek

MEIKO ELECTRONICS Co., Ltd.

Nan Ya Printed Circuit Board Corporation

RayMing PCB

Rush PCB Ltd.

SCHWEIZER ELECTRONIC AG

Shenzhen Capel Technology Co., Ltd.

Shenzhen Fastprint Circuit Tech Co., Ltd.

TTM Technologies

Unimicron Technology Corporation

Victory Giant Technology Co., Ltd.

WUS Printed Circuit Co., Ltd.

Young Poong Group

Zhen Ding Tech. Group

Among Others

These companies are heavily investing in R&D, expanding production capacities, and forming strategic alliances to meet the burgeoning PCB demand for EVs.

Recent Developments

Mektech Manufacturing’s Expansion: In October 2024, Mektech Manufacturing announced a 920 million baht investment in Thailand to boost FPCB and FPCBA production, supporting increasing EV orders.

Omron’s High-Power PCB Relay Launch: In July 2024, Omron introduced the G9KC relay for Level 2 EV charging stations, enabling energy-efficient and compact designs by mounting directly on PCBs.

U.S. Government Support: The CHIPS and Science Act allocated US$ 3 billion to bolster domestic PCB manufacturing, reducing dependency on Asian supply chains.

Access an overview of significant conclusions from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86464

Market Opportunities and Challenges

Opportunities:

Rising EV Adoption: The International Energy Agency (IEA) projects annual EV sales to reach 45 million units by 2030, significantly boosting PCB demand.

Technological Innovations: Development of ultra-thin, heat-resistant PCBs enhances EV performance and battery longevity.

Expansion in Emerging Markets: Growth in regions like South Asia and Latin America offers untapped opportunities.

Challenges:

Supply Chain Constraints: Despite growth, Europe still produces only 17.5% of its PCB demand, highlighting supply deficits.

High Production Costs: Advanced PCBs with multiple layers and complex materials require expensive manufacturing processes.

Raw Material Availability: Fluctuations in the supply and price of key materials can impact PCB production.

Future Outlook

The printed circuit board market for electric vehicles is set to witness robust growth fueled by accelerating EV adoption, autonomous driving advancements, and evolving regulatory frameworks. East Asia will maintain dominance due to its integrated electronics ecosystem, high manufacturing capability, and government backing. The increasing trend toward multilayer, flexible, and HDI PCBs will drive innovation, efficiency, and sustainability in EV design.

The market is expected to expand beyond US$ 4.4 billion by 2035, with growth in high-performance PCBs for power electronics, battery management, and autonomous vehicle systems shaping the future of electric mobility.

Market Segmentation

By Type:

Multilayer, Double-sided, Single-sided

By Substrate Type:

Standard Multilayer PCBs, Rigid 1-2 Sided PCBs, HDI/Micro-via/Build-up, Flexible PCBs, Rigid-flex PCBs, Others

By Material Type:

FR4 (Flame Retardant 4), Metal-Based PCBs, Ceramic PCBs, Glass-reinforced PTFE, Power Combi-boards, Others

By Application:

Advanced Driver-Assistance Systems (ADAS), Battery Management System (BMS), Power Electronics & Inverters, Electric Powertrain & Motor Control, Infotainment & Connectivity, Lighting and Display Systems, Charging Systems, Anti-lock Braking Systems, Vehicle Control Units (VCUs), Others

By Vehicle Type:

Two Wheeler Vehicles, Passenger Cars, Sport Utility Vehicles, Pick-up Trucks, Vans, Light Duty Commercial Trucks, Medium and Heavy Duty Commercial Trucks, Buses & Coaches, Off-highway Vehicles (Agriculture, Forestry, Construction, Mining), Others

By End-users:

OEMs, Tier 1 & Tier 2 Suppliers, Aftermarket & Replacement Market

Regional Insights

East Asia: Dominating the market with 68.3% share in 2024, East Asia benefits from a comprehensive electronics manufacturing value chain, advanced technology capabilities, and strong government support for EVs. The region’s PCB producers lead innovation in weight-efficient, thermal-resistant, and high-performance PCBs critical for EV powertrains and battery systems.

North America and Europe: Both regions are increasing investments in domestic PCB production to reduce supply chain dependence. Strategic government funding and partnerships aim to close the supply gap and enhance capabilities.

South Asia, Middle East, and Latin America: These regions are emerging markets offering new growth avenues as EV adoption accelerates globally.

Why Buy This Report?

This comprehensive report offers valuable insights into the printed circuit board market for electric vehicles, including:

Detailed market sizing and growth forecasts through 2035

In-depth analysis of market drivers, challenges, and opportunities

Extensive profiling of key players and competitive landscape

Segmentation by type, substrate, material, application, vehicle type, and region

Insights into latest technological trends and regulatory impacts

Strategic recommendations for stakeholders and investors

It is an essential resource for manufacturers, suppliers, automakers, and technology firms looking to capitalize on the expanding EV market. About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: [email protected]

#printed circuit board (PCB) market

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