According to Market Intelo’s latest research, the Insulated Metal Substrate for EV market was valued at approximately USD 420 million in 2024 and is projected to reach USD 870 million by 2032, growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period. The market expansion is fueled by increasing EV production, rising demand for high-efficiency power electronics, and growing adoption of lightweight and thermally efficient materials in automotive applications.