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Metal Core PCB (MCPCB) Market Size

Report ID: GMI11859
Published Date: Oct 2024
Report Format: PDF

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Metal Core PCB Market Size

The global metal core PCB market size was valued at USD 13.7 billion in 2023 and is estimated to grow at a CAGR of over 4% from 2024 to 2032 driven by increasing demand for LED lighting.

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The global transition toward energy-efficient lighting solutions has significantly increased the demand for Light Emitting Diode (LED) technology, which relies heavily on metal core PCBs (MCPCBs) for effective heat dissipation. As LED lighting systems increasingly replace traditional incandescent and fluorescent bulbs across residential, commercial, and automotive applications, the need for MCPCBs with superior thermal management capabilities is rising. Additionally, the expansion of smart lighting and automotive lighting segments, particularly in electric vehicles, is further driving market growth. This trend positions MCPCBs as essential components in the evolving landscape of energy-efficient lighting solutions.

The automotive industry is undergoing a technological transformation driven by the rise of electric vehicles (EVs), autonomous driving systems, and advanced driver-assistance systems (ADAS). These innovations necessitate robust and heat-resistant electronic components, positioning metal core PCBs (MCPCBs) as essential due to their superior heat dissipation and durability. Furthermore, the increasing integration of high-power electronics in vehicles, such as battery management systems and power converters, serves as a significant growth driver for the MCPCB market within the automotive sector.

As manufacturers seek reliable solutions to meet the demands of evolving technologies, the importance of MCPCBs is set to rise in this dynamic landscape. For instance, in February 2024, Amitron announced the expansion of its Metal Core PCB product line, focusing on high-performance applications in the LED lighting and automotive sectors. This expansion aims to meet growing customer demands for efficient thermal management solutions.

Metal Core PCB Market Report Attributes
Report Attribute	Details
Base Year:	2023
Metal Core PCB Market Size in 2023:	USD 13.7 billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4%
2032 Value Projection:	USD 20 billion
Historical Data for:	2021 - 2023
No. of Pages:	125
Tables, Charts & Figures:	280
Segments covered:	Type, Layer Type, Application
Growth Drivers:	Increasing demand for LED lighting Rising adoption in automotive electronics Expansion of consumer electronics market Advancements in telecommunications and 5G infrastructure
Pitfalls & Challenges:	High manufacturing costs Competition of emerging technologies

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Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global metal core PCB industry was valued at USD 13.7 billion in 2023 and is estimated to grow at a CAGR of over 4% from 2024 to 2032, driven by increasing demand for LED lighting.

The single-layer MCPCBs segment is expected to register a CAGR of over 3% over the forecast period due to their cost-effectiveness and widespread use in industries such as LED lighting, automotive lighting, and consumer electronics.

Asia-Pacific dominated the global metal core PCB industry in 2023, accounting for a share of over 30%, driven by its well-established electronics and manufacturing industries in countries like China, Japan, and South Korea.

Key players in the industry include ABP Electronics Limited, Advanced Circuits, Inc., Aoshikang Technology Co., Ltd., AT&S Austria Technologie & Systemtechnik AG, Best Technology, Cirexx International, Epec, LLC., and ExPlus Co.