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By states, the Indian printed circuit board market share is led by Maharashtra. The increasing demand for PCBs in consumer electronic products, such as laptops, computers, and mobile phones is fuelling the market growth.
In Karnataka, the rising adoption of PCBs in the medical industry in heart monitors, imaging probes, and drug metering devices is supplementing the market. Moreover, governing authorities are encouraging the manufacturing of PCBs in the state and offering various initiatives, which are propelling the growth of the market.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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
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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