Press Release

Passenger Car Segment to Continue Dominating India Automotive PCB (Printed Circuit Board) Market through 2024

Increasing automobile production and rising government rules and regulations towards vehicle safety to drive India automotive PCB (printed circuit board) through FY2024

According to TechSci Research report, India Automotive PCB (Printed Circuit Board) Market By Vehicle Type, By Application, By Sidewise, By Demand Category, Competition, Forecast & Opportunities, FY2024”, India automotive PCB (printed circuit board) market is projected to cross $ 16 billion by 2024 on account of rising automobile production and sales, increasing adoption of electronic components in vehicles and growing penetration of electric vehicles across the country. Additionally, government of India is focusing on more stringent safety standards in vehicles to reduce rising cases of road accidents. For instance, the government has mandated the use of ABS, Airbags, etc., in vehicles, which is further anticipated to compliment India automotive PCB (printed circuit board) market over the next five years.

Browse 55 market data Figures and Tables spread through 90 Pages and an in-depth TOC on "India Automotive PCB Market"

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Among vehicles, passenger car segment dominated India automotive PCB (printed circuit board) market with more than 60% market share in FY2018. Dominance of this segment is led by increasing adoption of electronic components in passenger cars. India automotive PCB market is witnessed to be largely concentrated in the North region owing to the region’s high automotive production as major OEMs are present in the North. Rising presence of various companies such as Continental Automotive Components India Pvt. Ltd, DENSO TEN Limited, Rane TRW Steering Systems Limited, ROBERT BOSCH GmbH, Autoliv India Private Limited, Panasonic Corporation, Visteon Corporation, Aptiv PLC, Mitsubishi Electric Automotive India Pvt. Ltd, BorgWarner Cooling Systems India Private Ltd., etc.,  and their increasing operations in India automotive electronics components market is further anticipated to intensify competition in India automotive PCB market over the next five years.

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“Increasing adoption of smart electronic components in vehicle dashboards, even in two-wheeler segment, and rising inclination towards electric vehicles is pushing demand for automotive PCB (printed circuit board) market in India. Moreover, growing penetration of smart phones and internet, which is resulting in surging demand for smart and connected vehicles in India, is further expected to back the growth of India automotive PCB (printed circuit board) market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Automotive PCB (Printed Circuit Board) Market By Vehicle Type, By Application, By Sidewise, By Demand Category, Competition, Forecast & Opportunities, FY2024 has analyzed the potential of India automotive PCB market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India automotive printed circuit board market.


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India Automotive PCB (Printed Circuit Board) Market By Vehicle Type (Passenger Car, Two Wheeler, etc.), By Application (Dashboard, Steering & Suspension, etc), By Sidewise (Double & Single), By Demand Category, Competition, Forecast & Opportunities, FY2024

Automotive | Jan, 2019

Increasing automobile production and rising government rules and regulations towards vehicle safety to drive India automotive PCB(printed circuit board) through FY2024

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