1 / 21

India Printed Circuit Board Market: Analysis, Trends & Forecast 2034

In 2024, the Indian printed circuit board (PCB) market was valued at USD 4.53 billion. It is anticipated to grow at a CAGR of 18.10% from 2025 to 2034, reaching approximately USD 23.91 billion by 2034.

Prashant126
Download Presentation

India Printed Circuit Board Market: Analysis, Trends & Forecast 2034

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Indian Printed Circuit Board (PCB) Market Analysis, Growth & Industry Trends Report - Forecast Trends (2025-2034)

  2. About Claight Claight Corporation is the literal incorporation of clarity and insights. We have one principal objective for our clients- Growth! With our robust plan of action, a team of seasoned insight analysts, and experienced consultants, we deliver Success! Dedicated Team: 400+ Our team, with its diverse backgrounds and expertise, is dedicated to providing clients with high-quality, actionable insights. Competent Experts: 3000+ Our panel of consultants know where you are exactly stuck and what should be the right strategy for you to get that pull-back off your back! Industry Reports: 10000+ Our reports are fueled by vast databases covering an array of industries. We provide insights backed by the latest, most relevant data. Industry Domains: 15+ With our deep-rooted expertise and extensive experience, we craft market research solutions specifically designed for your industry's needs.

  3. Indian Printed Circuit Board (PCB) Market Outlook 2025-2034 The Indian printed circuit board (PCB) market was valued at USD 4.53 billion in 2024 and is projected to grow at a robust CAGR of 18.10% from 2025 to 2034, reaching an estimated value of approximately USD 23.91 billion by the end of the forecast period.

  4. Indian Printed Circuit Board (PCB) Market Growth The Indian printed circuit board (PCB) industry is witnessing remarkable growth, driven by the country’s expanding electronics manufacturing sector, rising demand for consumer electronics, and increased localization efforts. As India strengthens its position as a global hub for electronics assembly and semiconductor design, PCBs—being the backbone of all electronic devices—have become an essential component fueling this industrial surge. The growth in sectors such as automotive, telecom, healthcare, aerospace, and industrial automation has also contributed to the rising need for high-performance and cost-effective PCB solutions. Additionally, the demand for compact, durable, and lightweight circuit boards is increasing as next-generation devices push the boundaries of technological design. According to Expert Market Research, the Indian PCB market reached a valuation of USD 4.53 billion in 2024 and is expected to register a strong compound annual growth rate (CAGR) of 18.10% during the forecast period of 2025–2034. By 2034, it is anticipated to hit nearly USD 23.91 billion. The report highlights key drivers such as the government’s “Make in India” initiative, increasing domestic production of electronic goods, and a growing emphasis on reducing import dependence. Expert Market Research also emphasizes the technological advancements and rising investment in multilayer, high-density interconnect (HDI), and flexible PCB technologies, which are expected to reshape the landscape of electronics manufacturing in India. Furthermore, the establishment of electronics manufacturing clusters and the influx of foreign direct investments (FDI) are boosting production capabilities and infrastructure development. Additionally, the country’s favorable policy support, coupled with rapid digitalization and the rollout of 5G infrastructure, is opening new avenues for PCB manufacturers. As industries adopt smart technologies and automation, the demand for advanced and miniaturized circuit boards is surging. With a strong talent pool, supportive ecosystem, and rising investor confidence, India’s PCB market is poised for dynamic and sustained growth over the coming decade. 05 This is a sample text. 01 Trade Data Analysis

  5. Indian Printed Circuit Board (PCB) Market Trends The Indian PCB market is evolving rapidly, shaped by technological advancements and the rising demand for compact, high-performance electronic components. A key trend is the growing adoption of multilayer and high-density interconnect (HDI) PCBs, which are crucial for supporting the miniaturization of modern electronic devices. As products like smartphones, wearables, and automotive electronics become more complex and compact, manufacturers are focusing on improving board density, reliability, and thermal management. This shift is also encouraging greater investment in research and innovation within the domestic PCB manufacturing sector. Indian companies are increasingly collaborating with international technology providers to gain access to advanced fabrication techniques and design tools. Another notable trend is the increasing push for sustainable and eco-friendly manufacturing processes. Indian PCB manufacturers are gradually adopting green practices such as lead-free soldering, water-based cleaning, and waste recycling systems. The shift toward environmentally responsible production is being driven by both global regulations and growing consumer awareness. Sustainability is also becoming a key factor for brand differentiation, with companies highlighting their eco-conscious efforts to appeal to environmentally aware clients. These practices not only contribute to environmental protection but also help in meeting global export standards and certifications. Moreover, the integration of PCBs with emerging technologies like IoT, 5G, and AI is shaping new design and functionality requirements. Smart devices, industrial automation, electric vehicles, and medical equipment are all demanding more sophisticated and reliable circuit boards. This has led to a rise in customized and application-specific PCB solutions across industries. The emphasis on domestic manufacturing and reducing dependence on imports is further pushing Indian companies to upgrade their capabilities, invest in automation, and build resilient, high-quality production ecosystems. 05 This is a sample text. 01 Trade Data Analysis

  6. Indian Printed Circuit Board (PCB) Industry Segmentation Based On the Manufacturing Type: • Bare PCBs • Populated PCBs Based on the Product Type: • Rigid 1-2 Sided • Standard Multilayer • Flexible Circuits • HDI/Microvia/Build-Up • Rigid-Flex • Others Based on the Number of Layers: • Single-Sided • Double-Sided • Multi-Layer 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis

  7. Indian Printed Circuit Board (PCB) Industry Segmentation Based On the Type: • Rigid PCBs • Flexible PCBs Based on the Laminate Type: • FR-4 • Polyamide • CEM-1 • Paper Based on the Application: • Consumer Electronics • Communication • Industrial Electronics • Computers • Military and Aerospace • Automotive • Medical Instrumentation 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis

  8. Indian Printed Circuit Board (PCB) Industry Segmentation Based on the States: • Maharashtra • Tamil Nadu • Karnataka • Gujarat • Others 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis

  9. Leading Companies in the Indian Printed Circuit Board (PCB) Market Indian PCB makers are ramping up local production to cut import dependence. Maharashtra’s tech hubs and Tamil Nadu’s auto industry are driving demand for HDI and flexible PCBs, while firms invest in sustainability and stronger regional supply chains to support the growing electronics sector. Epitome Components Ltd. Epitome Components Ltd. is one of India’s leading manufacturers of printed circuit boards, known for offering a wide range of single-sided, double-sided, and multilayer PCBs. The company caters to various industries including telecommunications, automotive, and consumer electronics. With a focus on quality and reliability, Epitome has established a strong presence both in domestic and international markets and continues to invest in expanding its manufacturing capabilities. ShoginiTechnoarts Pvt. Ltd. ShoginiTechnoarts Pvt. Ltd. is a Pune-based PCB manufacturer specializing in single-sided and double-sided PCBs. It has earned a reputation for delivering consistent quality and fast turnaround times, serving sectors such as LED lighting, power electronics, and automotive. The company emphasizes technological upgrades and efficient processes to meet the changing demands of its customers. India Circuit Ltd. India Circuit Ltd. is a Gujarat-based company focused on the production of high-quality single-sided and double-sided PCBs. Known for its cost-effective manufacturing and customized solutions, the company supports industries like home appliances, instrumentation, and power supplies.

  10. Leading Companies in the Indian Printed Circuit Board (PCB) Market Indian PCB makers are ramping up local production to cut import dependence. Maharashtra’s tech hubs and Tamil Nadu’s auto industry are driving demand for HDI and flexible PCBs, while firms invest in sustainability and stronger regional supply chains to support the growing electronics sector. Hi-Q Electronics Pvt. Ltd. Hi-Q Electronics Pvt. Ltd. is known for its expertise in manufacturing both rigid and flexible PCBs. With a customer-centric approach and a focus on innovation, the company serves industries such as consumer electronics, medical devices, and industrial automation. Its emphasis on precision and advanced technology enables it to deliver complex PCB solutions efficiently. Genus Electrotech Ltd. Genus Electrotech Ltd., headquartered in Gujarat, is a major player in India’s electronics manufacturing sector. Apart from PCB manufacturing, the company offers complete electronic manufacturing services (EMS), including assembly and testing. Genus is well-integrated, operating one of the largest EMS facilities in India, and supports verticals like energy, telecommunications, and consumer electronics. Ascent Circuits Pvt. Ltd. Ascent Circuits Pvt. Ltd., based in Tamil Nadu, is one of India’s largest and most advanced PCB manufacturers. The company specializes in multilayer PCBs and caters to sectors like aerospace, defense, automotive, and medical electronics. With strong export capabilities and certifications, Ascent is recognized for its high-reliability products and global standards in manufacturing and quality control.

  11. Table of Contents 01 Executive Summary 1.1 Market Size 2024-2025 1.2 Market Growth 2025(F)-2034(F) 1.3 Key Demand Drivers 1.4 Key Players and Competitive Structure 1.5 Industry Best Practices 1.6 Recent Trends and Developments 1.7 Industry Outlook 02 Market Overview and Stakeholder Insights 2.1 Market Trends 2.2 Key Verticals 2.3 Key Regions 2.4 Supplier Power 2.5 Buyer Power 2.6 Key Market Opportunities and Risks 2.7 Key Initiatives by Stakeholders 03 Economic Summary 3.1 GDP Outlook 3.2 GDP Per Capita Growth 3.3 Inflation Trends 3.4 Democracy Index

  12. Table of Contents 3.5 Gross Public Debt Ratios 3.6 Balance of Payment (BoP) Position 3.7 Population Outlook 3.8 Urbanisation Trends 04 Country Risk Profiles 4.1 Country Risk 4.2 Business Climate 05 Indian Printed Circuit Board (PCB) Market Overview 5.1 Key Industry Highlights 5.2 Indian Printed Circuit Board (PCB) Historical Market (2018-2024) 5.3 Indian Printed Circuit Board (PCB) Market Forecast (2025-2034) 06 Indian Printed Circuit Board (PCB) Market by Manufacturing Type 6.1 Bare PCBs 6.1.1 Historical Trend (2018-2024) 6.1.2 Forecast Trend (2025-2034) 6.2 Populated PCBs 6.2.1 Historical Trend (2018-2024) 6.2.2 Forecast Trend (2025-2034) 07 Indian Printed Circuit Board (PCB) Market by Product Type 7.1 Rigid 1-2 Sided 7.1.1 Historical Trend (2018-2024)

  13. Table of Contents 7.1.2 Forecast Trend (2025-2034) 7.2 Standard Multilayer 7.2.1 Historical Trend (2018-2024) 7.2.2 Forecast Trend (2025-2034) 7.3 Flexible Circuits 7.3.1 Historical Trend (2018-2024) 7.3.2 Forecast Trend (2025-2034) 7.4 HDI/Microvia/Build-Up 7.4.1 Historical Trend (2018-2024) 7.4.2 Forecast Trend (2025-2034) 7.5 Rigid Flex 7.5.1 Historical Trend (2018-2024) 7.5.2 Forecast Trend (2025-2034) 7.6 Others 08 Indian Printed Circuit Board (PCB) Market by Number of Layers 8.1 Single-Sided 8.1.1 Historical Trend (2018-2024) 8.1.2 Forecast Trend (2025-2034) 8.2 Double-Sided 8.2.1 Historical Trend (2018-2024) 8.2.2 Forecast Trend (2025-2034)

  14. Table of Contents 8.3 Multi-Layer 8.3.1 Historical Trend (2018-2024) 8.3.2 Forecast Trend (2025-2034) 09 Indian Printed Circuit Board (PCB) Market by Type 9.1 Rigid PCBs 9.1.1 Historical Trend (2018-2024) 9.1.2 Forecast Trend (2025-2034) 9.2 Flexible PCBs 9.2.1 Historical Trend (2018-2024) 9.2.2 Forecast Trend (2025-2034) 10 Indian Printed Circuit Board (PCB) Market by Laminate Type 10.1 FR-4 10.1.1 Historical Trend (2018-2024) 10.1.2 Forecast Trend (2025-2034) 10.2 Polyamide 10.2.1 Historical Trend (2018-2024) 10.2.2 Forecast Trend (2025-2034) 10.3 CEM-1 10.3.1 Historical Trend (2018-2024) 10.3.2 Forecast Trend (2025-2034) 10.4 Paper

  15. Table of Contents 10.4.1 Historical Trend (2018-2024) 10.4.2 Forecast Trend (2025-2034) 10.5 Others 11 Indian Printed Circuit Board (PCB) Market by Application 11.1 Consumer Electronics 11.1.1 Historical Trend (2018-2024) 11.1.2 Forecast Trend (2025-2034) 11.2 Communication 11.2.1 Historical Trend (2018-2024) 11.2.2 Forecast Trend (2025-2034) 11.3 Industrial Electronics 11.3.1 Historical Trend (2018-2024) 11.3.2 Forecast Trend (2025-2034) 11.4 Computers 11.4.1 Historical Trend (2018-2024) 11.4.2 Forecast Trend (2025-2034) 11.5 Military and Aerospace 11.5.1 Historical Trend (2018-2024) 11.5.2 Forecast Trend (2025-2034) 11.6 Automotive 11.6.1 Historical Trend (2018-2024)

  16. Table of Contents 11.6.2 Forecast Trend (2025-2034) 11.7 Medical Instrumentation 11.7.1 Historical Trend (2018-2024) 11.7.2 Forecast Trend (2025-2034) 12 Indian Printed Circuit Board (PCB) Market by States 12.1 Maharashtra 12.1.1 Historical Trend (2018-2024) 12.1.2 Forecast Trend (2025-2034) 12.2 Tamil Nadu 12.2.1 Historical Trend (2018-2024) 12.2.2 Forecast Trend (2025-2034) 12.3 Karnataka 12.3.1 Historical Trend (2018-2024) 12.3.2 Forecast Trend (2025-2034) 12.4 Gujarat 12.4.1 Historical Trend (2018-2024) 12.4.2 Forecast Trend (2025-2034) 12.5 Others 13 Market Dynamics 13.1 SWOT Analysis 13.1.1 Strengths

  17. Table of Contents 13.1.2 Weaknesses 13.1.3 Opportunities 13.1.4 Threats 13.2 Porter’s Five Forces Analysis 13.2.1 Supplier’s Power 13.2.2 Buyers Power 13.2.3 Threat of New Entrants 13.2.4 Degree of Rivalry 13.2.5 Threat of Substitutes 13.3 Key Indicators for Demand 13.4 Key Indicators for Price 14 Value Chain Analysis 15 Competitive Landscape 15.1 Supplier Selection 15.2 Key Global Players 15.3 Key Regional Players 15.4 Key Player Strategies 15.5 Company Profiles 15.5.1 Epitome Components Ltd. 15.5.1.1 Company Overview 15.5.1.2 Product Portfolio

  18. Table of Contents 15.5.1.3 Demographic Reach and Achievements 15.5.1.4 Certifications 15.5.2 ShoginiTechnoarts Pvt. Ltd. 15.5.2.1 Company Overview 15.5.2.2 Product Portfolio 15.5.2.3 Demographic Reach and Achievements 15.5.2.4 Certifications 15.5.3 India Circuit Ltd 15.5.3.1 Company Overview 15.5.3.2 Product Portfolio 15.5.3.3 Demographic Reach and Achievements 15.5.3.4 Certifications 15.5.4 Hi-Q Electronics Pvt. Ltd 15.5.4.1 Company Overview 15.5.4.2 Product Portfolio 15.5.4.3 Demographic Reach and Achievements 15.5.4.4 Certifications 15.5.5 Genus Electrotech Ltd 15.5.5.1 Company Overview 15.5.5.2 Product Portfolio 15.5.5.3 Demographic Reach and Achievements

  19. Table of Contents 15.5.5.4 Certifications 15.5.6 Ascent Circuits Pvt Ltd 15.5.6.1 Company Overview 15.5.6.2 Product Portfolio 15.5.6.3 Demographic Reach and Achievements 15.5.6.4 Certifications 15.5.7 Fine-Line Circuits Limited 15.5.7.1 Company Overview 15.5.7.2 Product Portfolio 15.5.7.3 Demographic Reach and Achievements 15.5.7.4 Certifications 15.5.8 S.B Electronics 15.5.8.1 Company Overview 15.5.8.2 Product Portfolio 15.5.8.3 Demographic Reach and Achievements 15.5.8.4 Certifications 15.5.9 Others

  20. Disclaimer Claight Corp. publishes market research reports on various industry verticals. All reports purchased via the website, email or over the phone are subject to the following disclaimer. A purchase automatically indicates acceptance of the disclaimer. We, at EMR, gather information from various sources such as face-to- face interviews, paid databases, annual reports, surveys and media releases. This information is collated in good faith and used on an as is and as available basis by us. Our reports should only be construed as guidance. We assert that any business or investment decisions should not be based purely on the information presented in our reports. We will not be responsible for any losses incurred by a client as a result of decisions made based on any information included in the reports. We do not guarantee or take responsibility for the accuracy, completeness, reliability and usefulness of any information. In many cases, the opinion expressed in the reports is our current opinion based on the prevailing market trends and is subject to change. The information provided by us is for the sole use of the authorised recipient(s). No part of the information or service may be duplicated or transmitted in any manner or by any medium without prior permission from EMR. Any such act will be considered as the breach of the ‘Terms & Conditions’ under which the report has been purchased. 05 This is a sample text. 01 Trade Data Analysis

  21. Contact Us 05 This is a sample text. https://www.expertmarketresearch.com https://www.linkedin.com/company/expert-market-research https://x.com/expertmresearch https://www.facebook.com/expertmarketresearch https://www.youtube.com/c/Expertmarketresearch https://expertmarketresearch-emr.blogspot.com https://www.instagram.com/expertmarketresearch sales@expertmarketresearch.com 01 Trade Data Analysis +1-415-325-5166

More Related