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, Paper, Others), By Layer (Single Sided, Double Sided, Multilayer), By Region, Competition Forecast & Opportunities, 2018-2028.

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

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.


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Market Segments

India PCB (Printed Circuit Board) Market is segmented into manufacturing type, application, product type, segment, laminate type, layer, and by region. Based on manufacturing type, the market is segmented into bare PCBs and populated PCBs. Based on application, the market is segmented into consumer electronics, IT & telecom, defense & aerospace, automotive, healthcare, and others. Based on product type, the market is segmented into rigid 1–2-sided, standard multilayer, flexible circuits, HDI/ microvia /build up, rigid flex, and others. Based on segment, the market is segmented into rigid PCBs and flexible PCBs. Based on laminate type, the market is segmented into FR4, polyamide, CEM1, paper, and others. Based on layer, the market is segmented into single sided, double sided, and multilayer.

 

Recent Developments in the India PCB (Printed Circuit Board) Market:

  • In December 2021, AT&S India, has announced the execution of a Memorandum of Understanding (MoU) with the Vidya Vikas Institute of Engineering Technology and Educational Trust (VVIET) in Mysuru for the development of a curriculum specifically geared towards PCB manufacturing and for enhancing the skill set and knowledge base of both engineering students and faculty members.
  • In August 2021, Dixon has entered into an agreement with Rexxam Co., Ltd to form a joint venture to make printed circuit boards for air conditioners for domestic and international markets.
  • In 2023, The Directorate General of Trade Remedies (DGTR) has initiated investigation into dumping allegations on imports of certain printed circuit boards (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.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, India PCB (Printed Circuit Board) Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India PCB (Printed Circuit Board) Market, By Manufacturing Type:
    • Bare PCBs
    • Populated PCBs
  • India PCB (Printed Circuit Board) Market, By Application:
    • Consumer Electronics
    • IT Telecom
    • Defence
    • Aerospace
    • Automotive
    • Healthcare
    • Others
  • India PCB (Printed Circuit Board) Market, By Product Type:
    • Rigid 1-2 Sided
    • Standard Multilayer
    • Flexible Circuits
    • HDI/Microvia /Build Up
    • Rigid Flex
    • Others
  • India PCB (Printed Circuit Board) Market, By Segment:
    • Rigid PCBs
    • Flexible PCBs
  • India PCB (Printed Circuit Board) Market, By Laminate Type:
    • FR 4 Polyamide
    • CEM 1 Paper
    • Others
  • India PCB (Printed Circuit Board) Market, By Layer:
    • Single Sided
    • Double Sided
    • Multilayer
  • India PCB (Printed Circuit Board) Market, By Region:
    • South Region
    • North Region
    • West Region
    • East Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India PCB (Printed Circuit Board) Market.

Available Customizations:

India PCB (Printed Circuit Board) Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

India PCB (Printed Circuit Board) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Study

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Methodology Followed for Calculation of Market Size

2.3.  Methodology Followed for Calculation of Market Shares

2.4.  Methodology Followed for Forecasting

3.    Impact of COVID-19 on India PCB (Printed Circuit Board) Market

4.    Executive Summary

5.    Voice of Customer

6.    India PCB (Printed Circuit Board) Market Outlook

6.1.   Market Size & Forecast

6.1.1.    By Value

6.2.   Market Share & Forecast

6.2.1.    By Manufacturing Type (Bare PCBs, Populated PCBs)

6.2.2.    By Application (Consumer Electronics, IT & Telecom, Defence & Aerospace, Automotive, Healthcare, Others)

6.2.3.    By Product Type (Rigid 1 2-Sided, Standard Multilayer, Flexible Circuits, HDI/ Microvia /Build Up, Rigid Flex, Others)

6.2.4.    By Segment (Rigid PCBs, Flexible PCBs)

6.2.5.    By Laminate Type (FR4, Polyamide, CEM1, Paper, Others)

6.2.6.    By Layer (Single Sided, Double Sided, Multilayer)

6.2.7.    By Region

6.3.  By Company (2022)

6.4.  Market Map

7.    South India PCB (Printed Circuit Board) Market Outlook

7.1.   Market Size & Forecast

7.1.1.     By Value

7.2.   Market Share & Forecast

7.2.1.    By Manufacturing Type

7.2.2.    By Application

7.2.3.    By Product Type

7.2.4.    By Segment

7.2.5.    By Laminate Type

7.2.6.    By Layer

8.    North India PCB (Printed Circuit Board) Market Outlook

8.1.   Market Size & Forecast

8.1.1.     By Value

8.2.   Market Share & Forecast

8.2.1.    By Manufacturing Type

8.2.2.    By Application

8.2.3.    By Product Type

8.2.4.    By Segment

8.2.5.    By Laminate Type

8.2.6.    By Layer

9.    West India PCB (Printed Circuit Board) Market Outlook

9.1.   Market Size & Forecast

9.1.1.     By Value

9.2.   Market Share & Forecast

9.2.1.    By Manufacturing Type

9.2.2.    By Application

9.2.3.    By Product Type

9.2.4.    By Segment

9.2.5.    By Laminate Type

9.2.6.    By Layer

10.  East India PCB (Printed Circuit Board) Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1. By Manufacturing Type

10.2.2. By Application

10.2.3. By Product Type

10.2.4. By Segment

10.2.5. By Laminate Type

10.2.6. By Layer

11.  Market Dynamics           

11.1.             Drivers

11.2.             Challenges     

12.  Market Trends and Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile              

15.  Company Profiles

15.1.             AT&S Electronics Company

15.1.1. Company Overview

15.1.2. Product Portfolio

15.1.3. Financials (If Available)

15.1.4. Key Personals

15.1.5. Recent Developments/Updates

15.2.             Epitome Components Ltd

15.2.1. Company Overview

15.2.2. Product Portfolio

15.2.3. Financials (If Available)

15.2.4. Key Personals

15.2.5. Recent Developments/Updates

15.3.             Shogini Technoarts Private limited

15.3.1. Company Overview

15.3.2. Product Portfolio

15.3.3. Financials (If Available)

15.3.4. Key Personals

15.3.5. Recent Developments/Updates

15.4.             Cipsa Tec India Pvt Ltd

15.4.1. Company Overview

15.4.2. Product Portfolio

15.4.3. Financials (If Available)

15.4.4. Key Personals

15.4.5. Recent Developments/Updates

15.5.             Sulakshana Circuits Ltd

15.5.1. Company Overview

15.5.2. Product Portfolio

15.5.3. Financials (If Available)

15.5.4. Key Personals

15.5.5. Recent Developments/Updates

15.6.             PCB Power Limited

15.6.1. Company Overview

15.6.2. Product Portfolio

15.6.3. Financials (If Available)

15.6.4. Key Personals

15.6.5. Recent Developments/Updates

15.7.             Hi Q Electronics Pvt Ltd

15.7.1. Company Overview

15.7.2. Product Portfolio

15.7.3. Financials (If Available)

15.7.4. Key Personals

15.7.5. Recent Developments/Updates

15.8.             Vintek Circuit India Pvt Ltd

15.8.1. Company Overview

15.8.2. Product Portfolio

15.8.3. Financials (If Available)

15.8.4. Key Personals

15.8.5. Recent Developments/Updates

15.9.             India Circuit Pvt Ltd

15.9.1. Company Overview

15.9.2. Product Portfolio

15.9.3. Financials (If Available)

15.9.4. Key Personals

15.9.5. Recent Developments/Updates

15.10.           Nano Electrotech Pvt Ltd

15.10.1.               Company Overview

15.10.2.               Product Portfolio

15.10.3.               Financials (If Available)

15.10.4.               Key Personals

15.10.5.               Recent Developments/Updates

16.  Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The leading market players of India PCB (Printed Circuit Board) market 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.

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The challenges faced by the Indian PCB (Printed Circuit Board) industry include inadequate supply of raw materials, Also, the PCB is manufactured through older technologies, due to which many orders are not competed due to lack of logistic support leading to delays in delivery.

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The drivers of India PCB (Printed Circuit Board) market include higher demand for smartphones and tablets, sharp rise in wearable electronics, increasing miniaturization of semiconductor devices, and growing demand for flexible circuits.

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Some of the major recent government policies which drives the India PCB (Printed Circuit Board) market to new heights include Make in India and Smart Cities Mission.

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Sakshi Bajaal

Business Consultant
Press Release

India PCB (Printed Circuit Board) Market is Expected to Dominate by South Region until 2028

May, 2023

Increasing demand for connected devices and rising research and development are expected to increase the growth of India PCB (Printed Circuit Board) Market during the forecast period of 2024-2028.

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