Press release
Indian PCB (Printed Circuit Board) Market 2024: Predicted to Achieve US$ 21.3 Billion Revenue by 2032 - Report
The Indian PCB (printed circuit board) market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.4% during 2024-2032.
A Printed Circuit Board (PCB) is a critical component in electronic devices, serving as a substrate to mechanically support and electrically connect various electronic components. It consists of a flat, rigid board made of insulating material, often fiberglass-reinforced epoxy, with a layer of conductive copper traces forming electrical connection pathways. PCBs provide a stable platform for mounting components like resistors, capacitors, and integrated circuits, facilitating the creation of compact and organized electronic circuits. Modern PCBs use advanced manufacturing techniques, such as surface-mount technology, to maximize component density. They are integral to the functionality of electronic devices, ranging from smartphones and computers to complex industrial equipment.
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Indian Printed Circuit Board (PCB) Market Trends and Drivers:
The Indian market is primarily driven by the rise in electronic manufacturing. The escalating focus on local production of consumer electronics, automotive electronics, and communication devices boosts the market. Besides, the rapid growth of smartphones and the increasing digitization across industries contribute significantly. As mobile devices and other electronics become integral to daily life, the demand for sophisticated, high-performance PCBs rises. Moreover, the automotive sector plays a crucial role. The evolution towards electric vehicles, smart vehicles, and advancements in in-car electronics heighten the demand for specialized PCBs, driving innovation and market growth.
Additionally, the growing adoption of Internet of Things (IoT) devices and emerging technologies like 5G contribute to the demand for advanced PCBs capable of supporting complex functionalities and high-speed data transmission. Furthermore, supportive government policies, incentives, and the establishment of electronic manufacturing clusters foster a conducive environment for PCB manufacturing. Initiatives encouraging Research and Development (R&D) activities and skill development also contribute to the market's growth trajectory. As India is a significant player in the global electronics manufacturing landscape, the PCB market is poised for sustained expansion, reflecting the dynamic technological landscape and the country's increasing role in the global supply chain.
By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:
• 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)
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/indian-pcb-market
Key Market Segmentation:
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
Breakup by Region:
• Maharashtra
• Tamil Nadu
• Karnataka
• Gujarat
• Other States
Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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