
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)
Description
The Indian PCB (printed circuit board) market size reached USD 6.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.7 Billion by 2033, exhibiting a growth rate (CAGR) of 15.58% during 2025-2033. The rising utilization in consumer electronic products, increasing application in electric vehicles (EVs), and favorable government policies represent some of the key factors driving the market.
Favorable Government Policies Augmenting Market Growth
Favorable government policies represent one of the primary drivers increasing the sales of PCBs in India. The Government of India is encouraging the manufacturing and utilization of PCBs across the country by offering various initiatives, such as Make in India and Digital India. In addition to this, it is supporting manufacturers to set up more local plants in the country by providing easy tax regime and reducing bureaucratic hurdles.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
What is PCB (Printed Circuit Board)?
Printed Circuit Board (PCB) refers to the non-conductive and copper laminated board that is designed to connect components without the use of wires. It is manufactured through various materials, such as epoxy and fiberglass, that reduce the complexity of the overall circuit design. It is widely available as rigid 1-2 sided, standard multilayer, flexible circuits, high-density interconnect (HDI), microvia or build-up, and rigid flex. It is flat and rigid with flexible substrates that allow boards to fit in convoluted spaces. As a result, it is employed in the automotive, electronics, medical, aerospace, and military and defense industries across India.
COVID-19 Impact:
The COVID-19 pandemic outbreak caused a severe problem for the PCB (Printed Circuit Board) industry and imposed unprecedented challenges. The implementation of social distancing and lockdown measures forced manufacturing companies to downscale the production process or temporarily pause output. In addition, the pandemic impacted the logistics and transportation sector due to cross-border restrictions. It reduced the supply of raw materials and finished PCB equipment in a short period of time. Besides this, the shortage of manpower at ports to unload ships and conduct a variety of trade processes, such as physical inspections, testing, and certification, hampered the market growth. Many players in this industry faced huge losses and various innovative plans or projects were postponed or canceled due to the widespread of the virus. However, the PCB industry players resumed their operations as the cases of coronavirus reduced, which is expected to boost the market growth.
Indian PCB (Printed Circuit Board) Market Trends:
The increasing demand for PCBs in consumer electronic products, such as computers, laptops, cameras, and mobile phones, represents one of the major factors strengthening the growth of the market in India. Besides this, the rising utilization of PCBs in the automotive industry in electric and hybrid vehicles in the country is contributing to the growth of the market. In addition, the increasing demand for high-frequency and high-speed boards among the masses is propelling the growth of the market. Apart from this, the Government of India is encouraging the adoption of PCBs by supporting manufacturers to build PCBs plants and offering an easy tax regime with reduced bureaucratic hurdles. Furthermore, the increasing popularity of miniaturization and more efficient interconnect product solutions in electronic devices is supporting the growth of the market in India.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian PCB (printed circuit board) market report, along with forecasts at the country and state level from 2025-2033. Our report has categorized the market based on product type, application, layer, segment, laminate type and manufacturing type.
Manufacturing Type Insights:
Application Insights:
Product Type Insights:
Layer Insights:
Segment Insights:
Laminate Type Insights:
State Insights:
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the Indian PCB (Printed Circuit Board) market. Some of the companies covered in the report include:
1.What was the size of the Indian PCB (printed circuit board) market in 2024?
2.What is the expected growth rate of the Indian PCB (printed circuit board) market during 2025-2033?
3.What are the key factors driving the Indian PCB (printed circuit board) market?
4.What has been the impact of COVID-19 on the Indian PCB (printed circuit board) market?
5.What is the breakup of the Indian PCB (printed circuit board) market based on the product type?
6.What is the breakup of the Indian PCB (printed circuit board) market based on the application?
7.What is the breakup of the Indian PCB (printed circuit board) market based on the layer?
8.What is the breakup of the Indian PCB (printed circuit board) market based on the segment?
9.What is the breakup of the Indian PCB (printed circuit board) market based on the laminate type?
10.What is the breakup of the Indian PCB (printed circuit board) market based on the manufacturing type?
11.What are the key regions in the Indian PCB (printed circuit board) market?
12.Who are the key companies/players in the Indian PCB (printed circuit board) market?
Favorable Government Policies Augmenting Market Growth
Favorable government policies represent one of the primary drivers increasing the sales of PCBs in India. The Government of India is encouraging the manufacturing and utilization of PCBs across the country by offering various initiatives, such as Make in India and Digital India. In addition to this, it is supporting manufacturers to set up more local plants in the country by providing easy tax regime and reducing bureaucratic hurdles.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
What is PCB (Printed Circuit Board)?
Printed Circuit Board (PCB) refers to the non-conductive and copper laminated board that is designed to connect components without the use of wires. It is manufactured through various materials, such as epoxy and fiberglass, that reduce the complexity of the overall circuit design. It is widely available as rigid 1-2 sided, standard multilayer, flexible circuits, high-density interconnect (HDI), microvia or build-up, and rigid flex. It is flat and rigid with flexible substrates that allow boards to fit in convoluted spaces. As a result, it is employed in the automotive, electronics, medical, aerospace, and military and defense industries across India.
COVID-19 Impact:
The COVID-19 pandemic outbreak caused a severe problem for the PCB (Printed Circuit Board) industry and imposed unprecedented challenges. The implementation of social distancing and lockdown measures forced manufacturing companies to downscale the production process or temporarily pause output. In addition, the pandemic impacted the logistics and transportation sector due to cross-border restrictions. It reduced the supply of raw materials and finished PCB equipment in a short period of time. Besides this, the shortage of manpower at ports to unload ships and conduct a variety of trade processes, such as physical inspections, testing, and certification, hampered the market growth. Many players in this industry faced huge losses and various innovative plans or projects were postponed or canceled due to the widespread of the virus. However, the PCB industry players resumed their operations as the cases of coronavirus reduced, which is expected to boost the market growth.
Indian PCB (Printed Circuit Board) Market Trends:
The increasing demand for PCBs in consumer electronic products, such as computers, laptops, cameras, and mobile phones, represents one of the major factors strengthening the growth of the market in India. Besides this, the rising utilization of PCBs in the automotive industry in electric and hybrid vehicles in the country is contributing to the growth of the market. In addition, the increasing demand for high-frequency and high-speed boards among the masses is propelling the growth of the market. Apart from this, the Government of India is encouraging the adoption of PCBs by supporting manufacturers to build PCBs plants and offering an easy tax regime with reduced bureaucratic hurdles. Furthermore, the increasing popularity of miniaturization and more efficient interconnect product solutions in electronic devices is supporting the growth of the market in India.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian PCB (printed circuit board) market report, along with forecasts at the country and state level from 2025-2033. Our report has categorized the market based on product type, application, layer, segment, laminate type and manufacturing type.
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
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the Indian PCB (Printed Circuit Board) market. Some of the companies covered in the report include:
- 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)
1.What was the size of the Indian PCB (printed circuit board) market in 2024?
2.What is the expected growth rate of the Indian PCB (printed circuit board) market during 2025-2033?
3.What are the key factors driving the Indian PCB (printed circuit board) market?
4.What has been the impact of COVID-19 on the Indian PCB (printed circuit board) market?
5.What is the breakup of the Indian PCB (printed circuit board) market based on the product type?
6.What is the breakup of the Indian PCB (printed circuit board) market based on the application?
7.What is the breakup of the Indian PCB (printed circuit board) market based on the layer?
8.What is the breakup of the Indian PCB (printed circuit board) market based on the segment?
9.What is the breakup of the Indian PCB (printed circuit board) market based on the laminate type?
10.What is the breakup of the Indian PCB (printed circuit board) market based on the manufacturing type?
11.What are the key regions in the Indian PCB (printed circuit board) market?
12.Who are the key companies/players in the Indian PCB (printed circuit board) market?
Table of Contents
121 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Printed Circuit Board Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Manufacturing Type
- 5.4 Market Breakup by Application
- 5.5 Market Breakup by Product Type
- 5.6 Market Breakup by Layer
- 5.7 Market Breakup by Segment
- 5.8 Market Breakup by Laminate Type
- 5.9 Market Forecast
- 5.10 Market Breakup by Key Players
- 6 Indian Printed Circuit Board Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market Breakup by Supply
- 6.6 Market Breakup by Manufacturing Type
- 6.7 Market Breakup by Application
- 6.8 Market Breakup by Product Type
- 6.9 Market Breakup by States
- 6.10 Market Breakup by Layer
- 6.11 Market Breakup by Segment
- 6.12 Market Breakup by Laminate Type
- 6.13 Market Forecast
- 6.14 SWOT Analysis
- 6.14.1 Strengths
- 6.14.2 Weaknesses
- 6.14.3 Opportunities
- 6.14.4 Threats
- 6.15 Value Chain Analysis
- 6.15.1 Research and Development
- 6.15.2 Designing
- 6.15.3 Raw material Procurement
- 6.15.4 Manufacturing and Testing
- 6.15.5 Exports
- 6.15.6 Sales Distribution
- 6.15.7 End-User
- 6.15.8 Post-Sale Services
- 6.16 Porter’s Five Forces Analysis
- 6.16.1 Overview
- 6.16.2 Bargaining Power of Buyers
- 6.16.3 Bargaining Power of Suppliers
- 6.16.4 Degree of Rivalry
- 6.16.5 Threat of New Entrants
- 6.16.6 Threat of Substitutes
- 6.17 Government Initiatives
- 7 Market Breakup by Manufacturing Type
- 7.1 Bare PCBs
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Populated PCBs
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Consumer Electronics
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Communication
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial Electronics
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Computers
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Military & Aerospace
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Automotive
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Medical Instrumentation
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Others
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
- 9 Market Breakup by Product Type
- 9.1 Rigid 1-2 Sided
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Standard Multilayer
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Flexible Circuits
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 HDI/ Microvia/Build-Up
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Rigid Flex
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 10 Performance by Layer
- 10.1 Single-Sided
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Double-Sided
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Multi-Layer
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 11 Market Breakup by Segment
- 11.1 Rigid PCBs
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Flexible PCBs
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 12 Market Breakup by Laminate Type
- 12.1 FR-4
- 12.1.1 Market Trends
- 12.1.2 Market Forecast
- 12.2 Polyamide
- 12.2.1 Market Trends
- 12.2.2 Market Forecast
- 12.3 CEM-1
- 12.3.1 Market Trends
- 12.3.2 Market Forecast
- 12.4 Paper
- 12.4.1 Market Trends
- 12.4.2 Market Forecast
- 12.5 Others
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 13 Performance by Various States
- 13.1 Maharashtra
- 13.1.1 Market Trends
- 13.1.2 Market Forecast
- 13.2 Tamil Nadu
- 13.2.1 Market Trends
- 13.2.2 Market Forecast
- 13.3 Karnataka
- 13.3.1 Market Trends
- 13.3.2 Market Forecast
- 13.4 Gujarat
- 13.4.1 Market Trends
- 13.4.2 Market Forecast
- 13.5 Other States
- 13.5.1 Market Trends
- 13.5.2 Market Forecast
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 15 Manufacturing Process
- 15.1 Product Overview
- 15.2 Detailed Process Flow
- 15.3 Various Types of Unit Operations Involved
- 16 Profile of Key Players
- 16.1 AT&S
- 16.2 Epitome Components Ltd
- 16.3 Shogini Technoarts
- 16.4 Cipsa Tec India Pvt Ltd
- 16.5 Sulakshana Circuits Ltd
- 16.6 PCB Power Limited
- 16.7 Hi-Q Electronics Pvt Ltd
- 16.8 Vintek Circuit India Pvt Ltd
- 16.9 India Circuit Ltd (Garg Electronics)
- 16.10 Nano Electrotech Pvt Ltd
- 16.11 Meena Circuit Pvt Ltd
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.