The Indian PCB (Printed Circuit Board) market reached a value of US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a CAGR of 18.7% during 2022-2027.

A PCB or printed circuit board refers to a non-conductive and copper laminated board that assists in connecting electronic and electrical components without the use of wires. It is usually composed of epoxy, fiberglass, and other composite materials, which minimize the complexity of the overall circuit design. A PCB is extensively utilized in several electronics items, ranging from consumer gadgets, including PCs, tablets, smartphones, gaming consoles, etc., to industrial and high-tech products. In addition to this, it finds wide-ranging applications to physically support as well as wire the surface-mounted and socketed components.

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Indian PCB (Printed Circuit Board) Market Trends and Drivers:

The expanding consumer electronics industry is primarily driving the Indian PCB (printed circuit board) market. Besides this, the widespread product adoption for military navigation, guidance and control, electronic warfare, missiles and surveillance, etc., is further catalyzing the market growth. Additionally, the leading manufacturers are shrinking the sizes of semiconductor devices not only to reduce the size of electronics and make them aesthetically pleasing but also to improve their overall efficiency. This, coupled with the numerous advancements in the manufacturing process of PCBs, are acting as significant growth-inducing factors. Moreover, the emerging trend of miniaturization of devices is augmenting the market growth in this country. Apart from this, the escalating demand for digitization and modernization in the medical field are anticipated to fuel the Indian PCB (printed circuit board) market over the forecasted period.

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Key Market Segmentation:

Competitive Landscape with Some of these key players include:

• AT&S

• Epitome Components Ltd.

• Shogini Technoarts

• Cipsa Tech India

• Nano Electrotech Pvt Ltd

• PCB Power Ltd

• Sulakshana Circuits Ltd

• Vintek Circuit India Pvt Ltd

• Hi-Q Electronics Pvt Ltd

• Meena Circuit Pvt Ltd

• India Circuit Ltd (Garg Electronics)

Breakup by Product Type:

• Rigid 1-2 Sided

• Standard Multilayer

• Flexible Circuits

• HDI/ Microvia/Build-Up

• Rigid Flex

• Others

Breakup by Application:

• Consumer Electronics

• Communication

• Industrial Electronics

• Computers

• Military & Aerospace

• Automotive

• Medical Instrumentation

• Others

Breakup by Layer:

• Single-Sided

• Double-Sided

• Multi-Layer

Breakup by Segment:

• Rigid PCBs

• Flexible PCBs

Breakup by PCB Laminate Type:

• FR-4

• Polyamide

• CEM-1

• Paper

• Others

Breakup by Manufacturing Type:

• Bare PCBs

• Populated PCBs