According to TechSci Research report, “India PCB (Printed Circuit Board) Market – By Region, Competition Forecast & Opportunities, 2018-2028, The India PCB market is poised for significant growth over the forecast period, driven by several key factors. One of the primary contributors is the increasing demand for electronic devices such as smartphones, laptops, smart televisions, and other consumer gadgets across the country. In the modern digital age, these devices have become essential for consumers, contributing to the rising need for printed circuit boards, which are integral components in these electronics. PCBs are used in various automated machinery and infrastructure, such as cell towers, further expanding their market demand.
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Additionally, the growing adoption of electronic devices across various industries such as consumer electronics, automotive, IT & telecom, and more, has accelerated the demand for printed circuit boards. This trend is further supported by India’s increasing electronic device penetration and population growth. Moreover, the use of PCBs is not limited to consumer electronics alone; sectors such as aerospace, military, and government organizations are incorporating them into a variety of applications, which will further drive the demand for PCBs in the coming years. The expansion of sophisticated electronic equipment used in the defense and military sectors is expected to present a wealth of opportunities, fueling the growth of the PCB market.
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Market Segmentation
The India PCB market is segmented based on manufacturing type, application, product type, segment, laminate type, layer, and region.
Application Trends
In terms of applications, consumer electronics is expected to dominate the India PCB market. The rising demand for smaller, more efficient electronic devices, such as smartphones, laptops, and tablets, is driving an increase in PCB production. As manufacturers focus on providing unique, tailored PCBs for various device designs, the market will continue to see a rise in demand to support the trend toward device miniaturization and customer convenience.
Regional Dynamics
From a regional perspective, the South region is anticipated to lead the India PCB market. Several factors contribute to this dominance, including the expanding consumer electronics market, the growing adoption of Internet of Things (IoT) devices, and the increasing use of PCBs in automotive applications. The South region’s strong performance in these sectors, coupled with the versatility and adaptability of PCBs in packaging and interconnectivity solutions, positions it for continued growth. The region is likely to benefit from its strategic position as a hub for technological innovation, further reinforcing its role in the broader PCB market expansion.
In conclusion, the growth of India’s PCB market is driven by the increasing penetration of electronic devices, the adoption of advanced technologies across various industries, and the expansion of defense and military applications. As demand continues to rise across these sectors, India is poised to become a significant player in the global PCB market, with the South region taking a leading role in its development.
Major market players operating in the India PCB (Printed Circuit Board) Market are:
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 growing demand for the additives manufacturing in electronics industry to provide precise elements is expected to have immense opportunities for the growth of the PCB market during the forecast period in terms of value sales. The manufacturing of additives has exerted influence on designing of printed circuit boards PCBs ahead the prototyping phases that further enhances the functional attributes and performance of the gadgets. Thereby, the continuous improvement in the additive manufacturing and 3D printers propels the market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.
“India PCB (Printed Circuit Board) Market By Manufacturing Type (Bare PCBs, Populated PCBs), By Application (Consumer Electronics, IT & Telecom, Defence & 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”, has evaluated the future growth potential of India PCB (Printed Circuit Board) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India PCB (Printed Circuit Board) Market.
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