India PCB (Printed Circuit Board) Market By Manufacturing Type (Bare PCBs, Populated PCBs), By Application (Consumer Electronics, IT & Telecom, Defense & Aerospace, Automotive, Healthcare, Others), By Product Type (Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits, HDI/ Microvia /Build Up, Rigid Flex, Others), By Segment (Rigid PCBs, Flexible PCBs), By Laminate Type (FR4, Polyamide, CEM1, Pa
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia PCB (Printed Circuit Board) Market By Manufacturing Type (Bare PCBs, Populated PCBs), By Application (Consumer Electronics, IT & Telecom, Defense & Aerospace, Automotive, Healthcare, Others), By Product Type (Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits, HDI/ Microvia /Build Up, Rigid Flex, Others), By Segment (Rigid PCBs, Flexible PCBs), By Laminate Type (FR4, Polyamide, CEM1, Pa
| Forecast Period | 2023-2028 |
| Market Size (2022) | USD 4.92 Billion |
| CAGR (2023-2028) | 7.53% |
| Market Size (2028) | USD 7.44 Billion |
| Fastest Growing Segment | Multilayer |
| Largest Market | South India |
India PCB (Printed Circuit Board) market is expected to increase during the forecast period. Rigid PCBs are essential for the functionality of computers, tablets, smartphones, and other electronics; as a result, the expansion of the consumer electronics market in India is expected to favour the development of the PCB industry.
A printed circuit board, often known as a PCB or PC board, is made of a non-conductive material with printed or etched conductor lines. A working circuit or assembly is created by mounting electronic components on the board and connecting them with traces. PCBs are crucial because they offer sturdy support to hold components in place, electrical connections between components, and a small packaging that may be included into a product.
Miniaturization of Electronic Devices
The number of components on the printed circuit board increased because of the rapidly expanding trend of miniaturisation of electronic devices. The need for smaller, thinner, and more highly integrated printed circuit boards (PCBs) that are populated with the flip chip is predicted to increase because of this quickly expanding trend. Modern nanotechnology and microelectromechanical systems (MEMS) are becoming more widely accepted and functional in many different industries, including consumer electronics and others. The nation's demand for PCBs will increase as electronic device miniaturisation continues at its current rate.
Growing Demand for Eco-Friendly Printed Circuit Boards
Unfortunately, the imbalance that has an impact on earth's systems is exacerbated by the electronics sector. Traditional PCB manufacture relies on water, glass fibre, epoxy resin, and energy-intensive, high-emission procedures. PCBs are waste products once a product's lifecycle is over. There are currently more than 40 million tonnes of electronic waste in the world, and it is growing by 3-5% per year which includes two million tonnes of printed circuit boards waste. Inkjet and laser printing additive methods, and the limited manufacturing of biodegradable printed circuit boards, are examples of innovative ways to produce printed circuit boards that are environmentally friendly. Additionally, the introduction of a paper PCB (P-PCB) could have a positive environmental impact.
Increasing Government Support
The manufacturing process and use of PCBs in India are actively encouraged by the Indian government with the help of numerous programs, including Make in India and Digital India. By lowering administrative barriers and easing the tax code, the government hopes to encourage firms to build more domestic factories in the nation. This is anticipated to result in considerable progress across a range of end-use industries, including the automotive, electrical, etc. with a favourable impact on PCB demand.
Market Segments
India PCB (Printed Circuit Board) Market is segmented into
Recent Developments in the India PCB (Printed Circuit Board) Market
- InDecember 2021, AT&S India, has announced the execution of a Memorandum ofUnderstanding (MoU) with the Vidya Vikas Institute of Engineering Technologyand Educational Trust (VVIET) in Mysuru for the development of a curriculumspecifically geared towards PCB manufacturing and for enhancing the skill setand knowledge base of both engineering students and faculty members.
- InAugust 2021, Dixon has entered into an agreement with Rexxam Co., Ltd to form ajoint venture to make printed circuit boards for air conditioners for domesticand international markets.
- In2023, The Directorate General of Trade Remedies (DGTR) has initiatedinvestigation into dumping allegations on imports of certain printed circuitboards (PCB) originating from China and Hong Kong.
Market Players
India PCB (Printed Circuit Board) Market players include AT&S Electronics Company, Epitome Components Ltd, Shogini Technoarts Private limited, Cipsa Tec India Pvt Ltd, Sulakshana Circuits Ltd, PCB Power Limited, Hi Q Electronics Pvt Ltd, Vintek Circuit India Pvt Ltd, India Circuit Pvt Ltd, Nano Electrotech Pvt Ltd
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Manufacturing Type By Application By Product Type By Segment By Laminate Type By Layer By Region |
| Regional Scope | South India, North India, West India, East India |
| Key companies profiled | AT&S Electronics Company, Epitome Components Ltd, Shogini Technoarts Private limited, Cipsa Tec India Pvt Ltd, Sulakshana Circuits Ltd, PCB Power Limited, Hi Q Electronics Pvt Ltd, Vintek Circuit India Pvt Ltd, India Circuit Pvt Ltd, Nano Electrotech Pvt Ltd |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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