Press release
Indian Printed Circuit Board (PCB) Market Size, Trends, Growth and Forecast (2024-2032)
In this blog, we will explore the overview of the Indian PCB market, its size, trends, growth factors, analysis, forecast, and the key players shaping the industry.
India Printed Circuit Board (PCB) Market Size
As of 2023, the Indian PCB market reached a value of USD 4.53 billion, supported by the rising demand for electronic products across various industries. The country's electronics manufacturing sector has seen substantial growth, and PCBs are a vital part of this expansion. With the Indian government's push to promote local manufacturing and reduce import dependency, the demand for domestic PCB production is expected to rise further.
Looking ahead, the market is forecast to grow at a CAGR of 18.1% between 2024 and 2032. By 2032, the Indian PCB market is projected to reach nearly USD 20.17 billion, driven by the increasing adoption of advanced technologies and the need for more sophisticated electronic devices.
India Printed Circuit Board (PCB) Market Trends
Government Initiatives and Policy Support: Initiatives like "Make in India" and the Production Linked Incentive (PLI) scheme for the electronics sector are encouraging domestic manufacturing of PCBs. These programs provide incentives for companies to invest in local production, reducing reliance on imports.
Growth of the Automotive Electronics Market: With the rise of electric vehicles (EVs) and the increasing incorporation of electronic systems in automobiles, the demand for PCBs in the automotive sector is growing rapidly.
5G Rollout and Telecommunications Growth: The upcoming 5G technology rollout is expected to drive the demand for PCBs, as telecommunications infrastructure requires high-performance circuit boards.
Consumer Electronics Boom: With the rapid adoption of smartphones, tablets, and wearable devices, the demand for PCBs in the consumer electronics sector is soaring. This trend is expected to continue as India becomes one of the largest markets for consumer electronics.
Focus on Sustainability: As environmental concerns grow, there is a rising demand for eco-friendly and energy-efficient PCBs. Companies are focusing on developing PCBs with reduced environmental impact by utilizing sustainable materials and production processes.
Get a Free Sample Report with a Table of Contents: https://bit.ly/3TXbAxQ
India Printed Circuit Board (PCB) Market Segmentation
Manufacturing Type
Bare PCBs
Populated PCBs
Product Type
Rigid 1-2 Sided
Standard Multilayer
Flexible Circuits
HDI/Microvia/Build-Up
Rigid Flex
Others
Number of Layers
Single-Sided
Double-Sided
Multi-Layer
Type
Rigid PCBs
Flexible PCBs
Laminate Type
FR-4
Polyamide
CEM-1
Paper
Others
Application
Consumer Electronics
Communication
Industrial Electronics
Computers
Military and Aerospace
Automotive
Medical Instrumentation
Region
Maharashtra
Tamil Nadu
Karnataka
Gujarat
Others
India Printed Circuit Board (PCB) Market Growth
Rising Electronics Manufacturing: India's increasing role as a global electronics manufacturing hub is a major growth driver. The expansion of the electronics manufacturing sector, including smartphones, consumer electronics, and industrial electronics, is boosting demand for PCBs.
Technological Advancements: The integration of cutting-edge technologies like AI, IoT, and 5G into electronic devices is driving the need for advanced PCBs with higher complexity and performance.
Foreign Investments and Partnerships: The Indian government's policies are attracting foreign investments in electronics manufacturing, which in turn is supporting the growth of the PCB market. Several global companies are forming partnerships with Indian manufacturers to produce PCBs locally.
Demand from Key Sectors: Industries such as telecommunications, automotive, and healthcare are increasingly relying on electronic components, leading to a surge in demand for PCBs. This growth is expected to continue as these sectors evolve and incorporate more electronic systems.
India Printed Circuit Board (PCB) Market Analysis
A detailed analysis of the Indian PCB market reveals several critical insights:
Market Segmentation: The PCB market in India can be segmented based on type, including single-sided, double-sided, and multi-layered PCBs. Multi-layered PCBs are expected to witness the highest growth due to their application in advanced electronic devices.
Regional Analysis: The market is experiencing significant growth across different regions of India, with major manufacturing hubs in states like Karnataka, Tamil Nadu, and Maharashtra. These regions have established electronics ecosystems that support PCB production.
Challenges: The Indian PCB market faces challenges such as high import dependency for raw materials, the need for skilled labor, and competition from low-cost manufacturing countries. However, with increasing investments in local production capabilities, these challenges are being addressed.
India Printed Circuit Board (PCB) Market Forecast
The future of the Indian PCB market looks promising, with robust growth expected through 2032. Key factors driving this growth include:
Expansion of Electronics Manufacturing: India's growing electronics manufacturing capabilities will continue to fuel demand for PCBs. The domestic production of electronic devices is expected to rise significantly, driven by both local demand and exports.
Technological Advancements: The demand for high-performance PCBs will increase as new technologies like AI, IoT, and 5G require more sophisticated electronic components.
Government Support: Continued government initiatives and policy support will play a crucial role in promoting domestic PCB manufacturing, reducing import dependency, and fostering innovation in the sector.
Competitor Analysis
India Circuit Ltd: One of the leading manufacturers of PCBs in India, India Circuit Ltd is known for its high-quality, multi-layered PCBs used in industries like telecommunications, automotive, and consumer electronics.
Hi-Q Electronics Pvt. Ltd: Hi-Q Electronics specializes in producing PCBs for industrial electronics and telecommunication applications. The company is recognized for its advanced manufacturing processes and high-reliability products.
Ascent Circuits Pvt Ltd: Ascent Circuits is a major player in the Indian PCB market, offering a wide range of PCBs, including single-sided, double-sided, and multi-layered boards. The company is known for its focus on innovation and quality.
Others: In addition to these leading players, the market includes several regional and international manufacturers who contribute to the competitive landscape by offering specialized products for various industries.
Read Full Report with Table of Contents: https://bit.ly/3zHcIi8
Explore More:
https://www.expertmarketresearch.com/reports/india-agrochemicals-market
https://www.expertmarketresearch.com/reports/transportation-management-systems-market
https://www.expertmarketresearch.com/reports/united-kingdom-semiconductor-market
https://www.expertmarketresearch.com/reports/computational-fluid-dynamics-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Emily Jacks, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Indian Printed Circuit Board (PCB) Market Size, Trends, Growth and Forecast (2024-2032) here
News-ID: 3677163 • Views: …
More Releases from Expert Market Research
Bed and Bath Linen Market Trends, Growth & Forecast 2025-2034
The global bed and bath linen market is witnessing strong growth due to increasing consumer focus on home décor, comfort, and luxury. Rising disposable incomes, urbanization, and the booming hospitality sector are further boosting demand for premium-quality bed sheets, pillowcases, towels, and bathrobes. Technological innovations in fabrics, such as antimicrobial, wrinkle-resistant, and sustainable textiles, are shaping consumer preferences. In addition, the expansion of online distribution channels has made luxury and…
Global Fruit Juice Market Size, Report and Forecast 2025-2034
The latest report from Expert Market Research titled, "Global Fruit Juice Market Size, Report and Forecast 2025-2034," offers a comprehensive analysis of the global fruit juice market, examining it across various segments such as types, flavours, distribution channels, and key regions.
The report identifies and tracks the latest trends shaping the industry and evaluates their impact on the overall market dynamics. It also provides a thorough assessment of the market, covering…
Global Fluorspar Market Forecast 2025-2034: Growth, Trends, and Key Insights
According to the latest report by Expert Market Research (EMR), the global Fluorspar Market Size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is expected to experience significant growth by 2034, driven by the increasing demand for fluorspar across industries such as manufacturing, chemicals, and metallurgy.
Fluorspar, also known as fluorite, is a key industrial mineral composed of calcium fluoride (CaF2). It is crucial…
Why will smart pulse oximeters market hit $3.50Bn by 2034?
smart pulse oximeters market Overview
The smart pulse oximeters market has become a pivotal part of modern healthcare infrastructure, especially in the wake of increasing cardiovascular and respiratory ailments. These technologically enhanced devices measure blood oxygen saturation and pulse rate, often offering wireless connectivity to mobile apps for better health tracking. Their growing application in hospitals, ambulatory settings, and home healthcare environments reflects the market's evolving dynamics. Key drivers include the…
More Releases for PCB
Victory PCB Expands Global Reach with Industry-Leading PCB Manufacturing & Assem …
Image: https://www.abnewswire.com/upload/2025/06/aa56d146ab76e34a4f335137dad3dd49.jpg
Victory PCB [https://www.victorypcb.com/], a global leader in printed circuit board (PCB) manufacturing and assembly, continues to set new benchmarks in high-quality PCB production, fast delivery, and customer service excellence. With a legacy of 19 years of innovation and precision manufacturing, Victory PCB is powering the next generation of industries, from automotive and medical equipment to aerospace and advanced communication devices.
Located in the heart of Shenzhen's modern Industrial Park, Victory…
Victory PCB: Pioneering Excellence in Global PCB Manufacturing and Assembly
Image: https://www.abnewswire.com/upload/2025/01/fabf105f8930f331e50cb1ca439637fe.jpg
Victory PCB [https://www.victorypcb.com/] is a renowned global manufacturer of PCBs and assembly services, recognized worldwide for its exceptional precision, innovation, and commitment to quality. With a client base exceeding thousands across various sectors, including automotive, aerospace, medical, industrial automation, and communication technologies, PCB solutions are tailored to meet each client's needs.
With centers covering as much as 30,000 square meters, Victory PCB employs over 450 staff dedicated to producing high-quality…
Victory PCB: Redefining Global Excellence in PCB Manufacturing and Assembly
Image: https://www.abnewswire.com/upload/2025/01/986e29984b844645f2a99a0a5e93a4c8.jpg
Having almost 20 years of expertise in producing and assembling printed circuit boards (PCBs), Victory PCB has established a solid reputation for providing high quality products, creative solutions, and consistent customer satisfaction. Victory PCB [https://www.victorypcb.com/], located in a contemporary 30,000-square-meter facility within Shenzhen's tech district, merges deep expertise with cutting-edge technology to manufacture products that bolster top industries worldwide. Relying on more than 1,000 clients and 80% of its…
Victory PCB Emerges as a Global Leader in PCB Manufacturing
Victory PCB has been delivering custom PCB solutions to global customers since 2005.
Image: https://www.abnewswire.com/uploads/3daf3e2d61300e7406f7fb61c56726fc.png
Victory PCB [https://www.victorypcb.com/], a professional printed circuit board (PCB) manufacturer established in 2005, is setting new standards in the global electronics industry with its commitment to top-quality, high-precision, and high-density PCB solutions. The solutions offered by Victory PCB, which exports 80% of its products worldwide, bridge the gap between concept and reality for clients in a variety…
PCB Ceramic Substrate Market Size, Share and Forecast By Key Players-Panda PCB T …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global PCB Ceramic Substrate market is anticipated to grow at a compound annual growth rate (CAGR) of 13.62% between 2024 and 2031. The market is expected to grow to USD 21.58 Billion by 2024. The valuation is expected to reach USD 52.73 Billion by 2031.
The PCB ceramic substrate market is experiencing robust growth, fueled by the rising demand…
Victory PCB: Leading the Way in High-Quality PCB Manufacturing and Assembly Serv …
Image: https://www.abnewswire.com/uploads/f5969834209751bb72016f135de749db.png
Victory PCB, a professional PCB manufacturer [https://www.victorypcb.com/], has emerged as the leading specialized manufacturer for multiple species, small to medium series, and quick turn production, with a focus on providing 3Hs (high quality, high precision and high density). With a total plant area of 30,000sq.m, their monthly capability currently stands at 60,000sq.m with 3000 parts.
Serving more than 1000 customer groups, the company is a leading manufacturer of 1-16L layer…
