Attributes and Key Statistics of the Indian PCB (Printed Circuit Board) Market Report by IMARC Group:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Units: USD Billion
Market Size in 2024: USD 6.3 Billion
Market Forecast in 2033: USD 24.7 Billion
Market Compound Annual Growth Rate 2025-2033: 15.58%
As indicated in the latest market research report published by IMARC Group, titled “Indian PCB (Printed Circuit Board) Market Report by Manufacturing Type (Bare PCBs, Populated PCBs), Application (Consumer Electronics, Communication, Industrial Electronics, Computers, Military & Aerospace, Automotive, Medical Instrumentation, and Others), Product Type (Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits, HDI/Microvia/Build-Up, Rigid Flex, and Others), Layer (Single-Sided, Double-Sided, Multi-Layer), Segment (Rigid PCBs, Flexible PCBs), Laminate Type (FR-4, Polyamide, CEM-1, Paper, and Others), and Region 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Indian PCB (Printed Circuit Board) Market Size & Future Growth Potential:
The Indian PCB (printed circuit board) industry size was valued at USD 6.3 Billion in 2024 and is projected to grow to USD 24.7 Billion by 2033, with an expected compound annual growth rate (CAGR) of 15.58% from 2025 to 2033.
Core Factors Driving Market Trends:
Indian PCB market is also going through a sea change with the availability of state-of-art technology in the manufacture of electronic boards and the rise of the consumer, automotive and industrial electronics. Among the developments, one of the most important is towards high density interconnect (HDI) PCBs and these are used in small and high-performance devices like smartphones and internet of things (IoT) enabled products. Furthermore, with the emergence of 5G technology, high-frequency and high-speed data transmission drive the demand of high-advanced PCBs. Domestic PCB manufacturing has also been boosted by the Make in India program of the government, which has led to a cut on imports.
Furthermore, green is gaining prominence, and the manufacturers are trying to mimic greener material and processes to ensure that they meet global environmental responsibilities. The increasing use of flexible and rigid-flex PCBs in wearable devices and medical equipment is another interesting trend as they can be more durable and easily designed. Furthermore, the PCB is getting more precise and efficient due to automation and AI integration, which provides a lower turnaround time. The overall point in these trends is that the Indian PCB market is a dynamic one, and forms a vital part of the national electronics supply chain.
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Indian PCB (Printed Circuit Board) Market Scope and Growth Analysis:
There are enormous opportunities in the Indian PCB industry as the industry has grown and the infrastructure is getting more investments. Special PCBs are needed to power electric vehicles (EVs) and advanced driver-assistance systems (ADAS); the automotive industry in general, and the automaker Tesla Inc. in particular is a huge growth engine. Also PCBs are being used in the communication systems, radar technology and avionics that is contributing to the growth of the market in the defense and aerospace sector. Consumer electronics are still a driving force and smartphones, laptops and smart home devices are on their ascend in the quest of keeping the pressure entirely in the consumer side.
In addition, policies by government that advocates local manufacturing like Production Linked Incentive (PLI) scheme are also attracting both local and global players to set up PCB manufacturing base in India. Moreover, the rising expansion of IoT and AI in industries will increase the popularity of PCBs even more. India is a country with a capable workforce and a growing technological advantage and thus India can easily make cement its position as a world leader in PCB manufacturing. The growth trend in the market shows that it is one of the markets that could take centre stage in the economic and industrial growth in India.
By the IMARC Group, the Top Competitive Landscapes Operating in the Industry:
- AT&S
- Epitome Components Ltd.
- Shogini Technoarts
- Cipsa Tec India Pvt Ltd
- Nano Electrotech Pvt Ltd
- PCB Power Ltd
- Sulakshana Circuits Ltd
- Vintek Circuit India Pvt Ltd
- Hi-Q Electronics Pvt Ltd
- Meena Circuit Pvt Ltd
- India Circuit Ltd (Garg Electronics)
Comprehensive Market Report Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Indian PCB (printed circuit board) market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Manufacturing Type Insights:
- Bare PCBs
- Populated PCBs
Application Insights:
- Consumer Electronics
- Communication
- Industrial Electronics
- Computers
- Military & Aerospace
- Automotive
- Medical Instrumentation
- Others
Product Type Insights:
- Rigid 1-2 Sided
- Standard Multilayer
- Flexible Circuits
- HDI/Microvia/Build-Up
- Rigid Flex
- Others
Layer Insights:
- Single-Sided
- Double-Sided
- Multi-Layer
Segment Insights:
- Rigid PCBs
- Flexible PCBs
Laminate Type Insights:
- FR-4
- Polyamide
- CEM-1
- Paper
- Others
State Insights:
- Maharashtra
- Tamil Nadu
- Karnataka
- Gujarat
- Other States
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Key highlights of the Report:
- Historical Market Performance
- Future Market Projections
- Impact of COVID-19 on Market Dynamics
- Industry Competitive Analysis (Porter’s Five Forces)
- Market Dynamics and Growth Drivers
- SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
- Market Ecosystem and Value Creation Framework
- Competitive Positioning and Benchmarking Strategies
Major Advantages of the Report:
- This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
- Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
- The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.
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