Canada Insulated Metal Substrate (IMS) PCB Market

Canada Insulated Metal Substrate (IMS) PCB Market Insights Forecasts to 2035

• The Canada Insulated Metal Substrate (IMS) PCB Market Size is Expected to Grow at a CAGR of Around 6.7% from 2025 to 2035
• The Canada Insulated Metal Substrate (IMS) PCB Market Size is expected to hold a significant share by 2035

According to a research report published by Decisions Advisors, The Canadian Insulated Metal Substrate (IMS) PCB Market Size is Growing at a CAGR of 6.7% from 2025 to 2035. The market is driven by the use of AI, clever development strategies, and the growing demand for circular economy methods. Businesses that embrace creativity and flexibility will gain a great deal in the upcoming ten years.

Market Overview

A metal substrate that is insulated, PCBs, referred to as thermal PCBs or metal core PCBs, are printed circuit boards that have an electrically isolated and thermally conductive metal core. As the insulated metal substrate (IMS) PCB sector enters a revolutionary era, it is being shaped by faster technological advancements, more stringent sustainability requirements, and rising consumer demand from both developed and developing countries.

In August 2025, Canada imported C$42.9 million and exported C$21.5 million worth of printed circuit boards, leaving a $21.4 million negative trade balance. From C$40.9M to C$42.9M, imports rose by C$1.91M (4.68%) over that time. Printed circuit boards were mostly exported by Canada to the United States (C$16.2M), Malaysia (C$1.41M), Australia (C$815k), Israel (C$768k), and the United Kingdom (C$420k) in August 2025.

The market for isolated metal substrate PCBs in Canada has several investment potentials due to the region's expanding industrial and technical developments. For investors hoping to profit from next-generation PCB technology, the growing demand from industries like automotive electronics, LED lighting, and telecoms creates a profitable scenario.

Report Coverage

This research report categorizes the market for the Canada insulated metal substrate (IMS) PCB market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada insulated metal substrate (IMS) PCB market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada insulated metal substrate (IMS) PCB market.

Driving Factors

The insulated metal substrate (IMS) PCB market in Canada is driven by the it has been demonstrated that integrating AI into processes increases output and lowers errors. growing demand for LED lighting. IMS PCBs can be used to accomplish the effective thermal management needed for these lighting systems. Modern driver assistance systems (ADAS) and other electronic technologies are being installed in cars by automakers more frequently.

Restraining Factors

the insulated metal substrate (IMS) PCB market in Canada is majorly restrained by the cost of the essential parts is substantial. Complex manufacturing methods, stringent legal requirements, and rivalry from many substrate kinds. Supply chain disruptions and unstable raw material prices that impact timelines and manufacturing capacity could impede market expansion. This complexity could make it challenging for smaller companies to reach the market.

Market Segmentation

The Canadian insulated metal substrate (IMS) PCB market share is categorised by type and application.

• The aluminium core segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Canada insulated metal substrate (IMS) PCB market is segmented by type into aluminium core, stainless steel core, copper core. Among these, the aluminium core segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by the excellent conductivity and cost-effectiveness; the material for IMS PCB production is aluminium. As a seasoned IMS PCB maker, frequently suggest aluminium due to its superior cost-effectiveness, weight, and thermal conductivity. LED lighting applications and consumer electronics are best suited for aluminium IMS PCBs.

• The automotive segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

Based on application, the Canada insulated metal substrate (IMS) PCB market is segmented into led, automotive, power electronics, solid state relays. Among these, the automotive segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth of the segment is primarily driven by PCB relays, plug-in relays, and high-voltage relays are in increasing demand due to consumer desire for connected vehicles, electric powertrains, and smart safety features.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada insulated metal substrate (IMS) PCB market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Microart Services
• Canadian Circuits Inc
• AIM Solder
• Engima Interconnect
• Omni Circuit Boards
• Bittele Electronics Inc.
• Circuit Tech Inc.
• International Electronics Components
• Actively Electronic Manufacturing
• Vexos Electronic Manufacturing Services
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Canada, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Canada Insulated Metal Substrate (IMS) PCB Market based on the below-mentioned segments:

Canada Insulated Metal Substrate (IMS) PCB Market, By Type

• Aluminium Core
• Stainless Steel Core
• Copper Core

Canada Insulated Metal Substrate (IMS) PCB Market, By Application

• Led
• Automotive
• Power Electronics
• Solid State Relays

FAQ’s

Q: What is the Canadian insulated metal substrate (IMS) PCB market size?

A: The Canada Insulated Metal Substrate (IMS) PCB Market size is growing at a CAGR of 6.7% during the forecast period 2025-2035

Q: What is an insulated metal substrate (IMS) PCB, and its primary use?

A: A metal substrate that is insulated PCBs, referred to as thermal PCBs or metal core PCBs, are printed circuit boards that have an electrically isolated and thermally conductive metal core. As the insulated metal substrate (IMS) PCB sector enters a revolutionary era, it is being shaped by faster technological advancements, more stringent sustainability requirements, and rising consumer demand from both developed and developing countries.

Q: What are the key growth drivers of the market?

A: Market growth is driven by the it has been demonstrated that integrating AI into processes increases output and lowers errors. growing demand for LED lighting. IMS PCBs can be used to accomplish the effective thermal management needed for these lighting systems. Modern driver assistance systems (ADAS) and other electronic technologies are being installed in cars by automakers more frequently.

Q: What factors restrain the Canadian insulated metal substrate (IMS) PCB market?

A: The market is restrained by the substantial cost of the essential parts is substantial. complex manufacturing methods, stringent legal requirements, and rivalry from many substrate kinds. Supply chain disruptions and unstable raw material prices that impact timelines and manufacturing capacity could impede market expansion.

Q: How is the market segmented by type?

A: The market is segmented into aluminium core, stainless steel core, and copper core.

Q: Who are the key players in the Canada insulated metal substrate (IMS) PCB market?

A: Key companies include Microart Services, Canadian Circuits Inc., AIM Solder, Engima Interconnect, Omni Circuit Boards, Bittele Electronics Inc., Circuit Tech Inc., International Electronics Components, Actively Electronic Manufacturing, and Vexos Electronic Manufacturing Services.