Press Release
Press Release
India's rapidly advancing electronics market is increasing the demand for PCB manufacturing. PCBs are crucial components of a range of consumer electronics, like computers, laptops, and smartphones to medical devices and industrial equipment. Around 35% of India’s PCB requirements are met through domestic production. The favourable government policies to enhance domestic production capabilities support the Indian printed circuit board (PCB) market growth. The Indian government is promoting domestic manufacturing to enhance self-reliance under the Atmanirbhar Bharat scheme.
The current trends shaping the PCB market are Multilayer PCBs with high-density interconnects (HDIs), tiny components, flexible printed circuits, high-frequency PCBs and green PCBs. HDI PCBs are widely targeted for miniaturised applications. They are exhaustively deployed in medical devices like tiny implants and diagnostic tools like CT scan machines. The demand for sustainable PCB designs is gaining traction globally with consumers increasingly focusing on green manufacturing. Consequently, researchers are exploring composite materials for PCBs that can be easily recycled. For instance, biodegradable polymers can potentially be used as binders in PCBs to replace toxic thermosetting resins.
The Indian PCB sector is supported by investments in new manufacturing facilities by major players. For instance, in July 2023, Sanmina Corporation (NASDAQ: SANM) based in the United States announced its plans to establish a PCB manufacturing facility in Odisha. In October 2023, Krypton Solutions based in Texas, announced its plans to set up a PCB fabrication unit in Karnataka.
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The major players in the Indian printed circuit board (PCB) market are Epitome Components Ltd., Shogini Technoarts Pvt. Ltd., India Circuit Ltd, Hi-Q Electronics Pvt. Ltd, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Manufacturing Type |
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Breakup by Product Type |
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Breakup by Number of Layers |
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Breakup by Segment |
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Breakup by Laminate Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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