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Indian Printed Circuit Board (PCB) Market Size, Share: By Manufacturing Type: Bare PCBs, Populated PCBs; By Product Type: Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits, HDI/Microvia/Build-Up, Rigid Flex, Others; By Number of Layers; By Type; By Laminate Type; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Indian Printed Circuit Board (PCB) Market Size

The Indian printed circuit board (PCB) market reached USD 4.53 billion in 2023. The market is expected to grow at a CAGR of 18.1% between 2024 and 2032, reaching almost USD 20.17 billion by 2032.

 

Key Takeaways:

  • The Semicon India Programme, initiated in 2022 with INR 76,000 crore, by MeitY, aims to enhance India's self-reliance and global presence in ESDM, thereby fueling growth in the Indian printed circuit board PCB market.
  • The Indian semiconductor industry is forecasted to grow to approximately USD 110 billion by 2030, as per the International Trade Administration's estimates.
  • PCBs are utilized in various sectors such as aerospace, medical devices, industrial machinery, computers, and communication, control, and entertainment systems.

 

A printed circuit board (PCB) is a flat board made of non-conductive material coated with copper, designed for linking components without the necessity for wires. Crafted from materials like epoxy and fibreglass, these boards simplify the intricacy of circuit designs. PCBs are available in various types including rigid 1-2-sided boards, standard multilayer boards, flexible circuits, high-density interconnect (HDI), micro via or build-up boards, and rigid-flex boards.

 

Despite being flat and rigid, their flexible substrates allow them to fit into intricate spaces, making them valuable in industries such as automotive, electronics, medical, aerospace, and military and defence sectors across India.

 

As per the Indian printed circuit board (PCB) market report, MeitY aims to boost India's self-reliance and global status in ESDM through the Semicon India Programme launched in 2022, approved with INR 76,000 crore. This is expected to foster semiconductor and display manufacturing infrastructure and thus boost the Indian printed circuit board (PCB) market growth.

 

Indian Printed Circuit Board (PCB) Market Report Snapshots

Indian Printed Circuit Board (PCB) Market Size

Indian Printed Circuit Board (PCB) Market Trends

Indian Printed Circuit Board (PCB) Companies

Indian Printed Circuit Board (PCB) Market Regional Analysis

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Indian Printed Circuit Board (PCB) Market Overview

    8.1    Key Industry Highlights
    8.2    Indian Printed Circuit Board (PCB) Historical Market (2018-2023)
    8.3    Indian Printed Circuit Board (PCB) Market Forecast (2024-2032)
9    Indian Printed Circuit Board (PCB) Market by Manufacturing Type
    9.1    Bare PCBs
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Populated PCBs 
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Indian Printed Circuit Board (PCB) Market by Product Type  
    10.1    Rigid 1-2 Sided
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Standard Multilayer
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Flexible Circuits
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    HDI/Microvia/Build-Up
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Rigid Flex
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    Indian Printed Circuit Board (PCB) Market by Number of Layers  
    11.1    Single-Sided
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Double-Sided
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Multi-Layer   
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
12    Indian Printed Circuit Board (PCB) Market by Type  
    12.1    Rigid PCBs
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Flexible PCBs
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    Indian Printed Circuit Board (PCB) Market by Laminate Type
    13.1    FR-4
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Polyamide
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    CEM-1
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Paper
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Indian Printed Circuit Board (PCB) Market by Application  
    14.1    Consumer Electronics
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
    14.2    Communication
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
    14.3    Industrial Electronics
        14.3.1    Historical Trend (2018-2023)
        14.3.2    Forecast Trend (2024-2032)
    14.4    Computers
        14.4.1    Historical Trend (2018-2023)
        14.4.2    Forecast Trend (2024-2032)
    14.5    Military and Aerospace
        14.5.1    Historical Trend (2018-2023)
        14.5.2    Forecast Trend (2024-2032)
    14.6    Automotive
        14.6.1    Historical Trend (2018-2023)
        14.6.2    Forecast Trend (2024-2032)
    14.7    Medical Instrumentation
        14.7.1    Historical Trend (2018-2023)
        14.7.2    Forecast Trend (2024-2032)
15    Indian Printed Circuit Board (PCB) Market by States
    15.1    Maharashtra
        15.1.1    Historical Trend (2018-2023)
        15.1.2    Forecast Trend (2024-2032)
    15.2    Tamil Nadu
        15.2.1    Historical Trend (2018-2023)
        15.2.2    Forecast Trend (2024-2032)
    15.3    Karnataka
        15.3.1    Historical Trend (2018-2023)
        15.3.2    Forecast Trend (2024-2032)
    15.4    Gujarat
        15.4.1    Historical Trend (2018-2023)
        15.4.2    Forecast Trend (2024-2032)
    15.5    Others
16    Market Dynamics
    16.1    SWOT Analysis
        16.1.1    Strengths
        16.1.2    Weaknesses
        16.1.3    Opportunities
        16.1.4    Threats
    16.2    Porter’s Five Forces Analysis
        16.2.1    Supplier’s Power
        16.2.2    Buyers Power
        16.2.3    Threat of New Entrants
        16.2.4    Degree of Rivalry
        16.2.5    Threat of Substitutes
    16.3    Key Indicators for Demand
    16.4    Key Indicators for Price
17    Value Chain Analysis
18    Competitive Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Epitome Components Ltd.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Shogini Technoarts Pvt. Ltd.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications    
        18.2.3    India Circuit Ltd
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications    
        18.2.4    Hi-Q Electronics Pvt. Ltd 
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Genus Electrotech Ltd
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Ascent Circuits Pvt Ltd
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Fine-Line Circuits Limited
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    S.B Electronics
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Indian Printed Circuit Board (PCB) Market: Key Industry Highlights, 2018 and 2032
2.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by Manufacturing Type (USD Billion), 2018-2023
3.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by Manufacturing Type (USD Billion), 2024-2032
4.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by Number of Layers (USD Billion), 2018-2023
7.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by Number of Layers (USD Billion), 2024-2032
8.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by Type (USD Billion), 2018-2023
9.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by Type (USD Billion), 2024-2032
10.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by Laminate Type (USD Billion), 2024-2032
11.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by Laminate Type (USD Billion), 2018-2023
12.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by Application (USD Billion), 2018-2023
13.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by Application (USD Billion), 2024-2032
14.    Indian Printed Circuit Board (PCB) Historical Market: Breakup by States (USD Billion), 2018-2023
15.    Indian Printed Circuit Board (PCB) Market Forecast: Breakup by States (USD Billion), 2024-2032
16.    Indian Printed Circuit Board (PCB) Market Structure

Key Questions Answered in the Report

The market was valued at USD 4.53 billion in 2023.

The market is projected to grow at a CAGR of 18.1% between 2024 and 2032.

The market is expected to reach USD 20.17 billion in 2032.

The market is being driven by various factors such as government initiatives, the automotive sector, the expanding semiconductor industry, and technological advancements.

The printed circuit board (PCB) market is categorised according to its product type, which includes rigid 1–2-sided, standard multilayer, flexible circuits, HDI/microvia/build-up, rigid-flex and others.

The key players are Epitome Components Ltd., Shogini Technoarts Pvt. Ltd., India Circuit Ltd, Hi-Q Electronics Pvt. Ltd, Genus Electrotech Ltd, Ascent Circuits Pvt Ltd, Fine-Line Circuits Limited, and S.B Electronics among others.

Based on type, it is divided into rigid PCBs and flexible PCBs.

The major market areas include Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Others.

Based on the application, the printed circuit board (PCB) market is divided into consumer electronics, communication, industrial electronics, computers, military and aerospace, automotive and medical instrumentation.

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