The Indian PCB (Printed Circuit Board) market in India was worth US$ 2.02 Billion in 2017. Printed circuit boards (PCBs) are non-conductive, copper laminated boards that help to connect electronic and electrical components without the use of wires. These boards are composed of epoxy, fiberglass and other composite materials which reduce the complexity of the overall circuit design. PCBs are installed in various electronic products, ranging from consumer gadgets, such as PCs, tablets, smartphones and gaming consoles, to industrial and high-tech products. Over the past few years, the demand for PCBs in India has witnessed a steady rise on account of increasing investment in digitization and favorable government initiatives. Looking forward, the PCB market in India is projected to cross US$ 5.35 Billion by 2023, exhibiting a CAGR of 17.7% during 2018-2023.
Indian PCB (Printed Circuit Board) Market: Drivers
Breakup by Product Type:
On the basis of product type, rigid 1-2-sided PCBs represents the most popular type. Other major product types include standard multilayer, flexible circuits, HDI/microvia/ build-up and rigid-flex PCBs.
Breakup by Application:
Based on the application, the market has been segmented into communication, consumer electronics, industrial electronics, automotive, computers, military and aerospace, medical devices, and others. Consumer electronics currently represent the largest application segment for PCBs.
Breakup by Layer:
The market has been further segmented on the basis of layers into single-sided, double-sided and multi-layer PCBs. Single-sided PCBs currently account for the majority of the total market.
Breakup by PCB Laminate Type:
Based on the PCB laminate type, the report finds that FR-4 is the leading segment, holding the largest share. Other types include polyimide, CEM1, paper and others.
Breakup by Manufacturing Type:
Based on the manufacturing type, bare PCBs dominate the market, holding the largest share. Bare PCBs are followed by populated PCBs.
Regional Insights:
Region-wise, the PCB market has been segmented into Maharashtra, Tamil Nadu, Karnataka, Gujarat and Others.
Competitive Landscape:
The market consists of numerous small and large manufacturers. Some of the leading players operating in the market are:
This report provides a deep insight into the Indian PCB market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian PCB market in any manner.
Key Questions Answered in This Report:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Printed Circuit Board Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Manufacturing Type
5.4 Market Breakup by Application
5.5 Market Breakup by Product Type
5.6 Market Breakup by Number of Layers
5.7 Market Breakup by Segment
5.8 Market Breakup by Laminate Type
5.9 Market Forecast
5.10 Market Breakup by Key Players
6 Indian Printed Circuit Board Market
6.1 Market Overview
6.2 Market Performance
6.3 Price Analysis
6.3.1 Key Price Indicators
6.3.2 Price Structure
6.3.3 Price Trends
6.4 Market Breakup by Manufacturing Type
6.5 Market Breakup by Application
6.6 Market Breakup by Product Type
6.7 Market Breakup by Region
6.8 Market Breakup by Number of Layers
6.9 Market Breakup by Segments
6.10 Market Breakup by Laminate Type
6.11 Market Forecast
6.12 SWOT Analysis
6.12.1 Strengths
6.12.2 Weaknesses
6.12.3 Opportunities
6.12.4 Threats
6.13 Value Chain Analysis
6.13.1 Overview
6.13.2 Pre-Manufacturing: Design, Procurement and Logistics
6.13.3 Manufacturing Process
6.13.4 Post-Manufacturing
6.13.5 Marketing and Distribution
6.13.6 Post-Sale Services
6.14 Porter’s Five Forces Analysis
6.14.1 Overview
6.14.2 Bargaining Power of Buyers
6.14.3 Bargaining Power of Suppliers
6.14.4 Degree of Rivalry
6.14.5 Threat of New Entrants
6.14.6 Threat of Substitutes
6.15 Government Initiatives
7 Market Breakup by Manufacturing Type
7.1 Bare PCBs
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Populated PCBs
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Consumer Electronics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Communication
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Computers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Military & Aerospace
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Automotive
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Medical Instrumentation
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Product Type
9.1 Rigid 1-2 Sided
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Standard Multilayer
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Flexible Circuits
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 HDI/ Microvia/Build-Up
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Rigid Flex
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Performance by Number of Layers
10.1 Single-Sided
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Double-Sided
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Multi-Layer
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Laminate Type
11.1 FR-4
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Polyamide
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 CEM-1
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Paper
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Others
11.5.1 Market Trends
11.5.2 Market Forecast
12 Performance by Various States
12.1 Maharashtra
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Tamil Nadu
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Karnataka
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Gujarat
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Other States
12.5.1 Market Trends
12.5.2 Market Forecast
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
14 Manufacturing Process
14.1 Product Overview
14.2 Detailed Process Flow
14.3 Various Types of Unit Operations Involved
15 Profile of Key Players
15.1 AT&S
15.2 Epitome Components Ltd
15.3 Shogini Technoarts
15.4 Cipsa Tec India Pvt Ltd
15.5 Sulakshana Circuits Ltd
15.6 PCB Power Limited
15.7 Hi-Q Electronics Pvt Ltd
15.8 Vintek Circuit India Pvt Ltd
15.9 India Circuit Ltd (Garg Electronics)
15.10 Meena Circuit Pvt Ltd
List of Figures
Figure 1: India: Printed Circuit Board (PCB) Market: Major Drivers and Challenges
Figure 2: Global: PCB Market: Production Value Trends (in Billion US$), 2010-2017
Figure 3: Global: PCB Market: Breakup by Manufacturing Type (in %), 2017
Figure 4: Global: PCB Market: Breakup by Application (in %), 2017
Figure 5: Global: PCB Market: Breakup by Product Type (in %), 2017
Figure 6: Global: PCB Market: Breakup by Number of Layers (in %), 2017
Figure 7: Global: PCB Market: Breakup by Laminate Type (in %), 2017
Figure 8: Global: PCB Market Forecast: Production Value Trends (in Billion US$), 2018-2023
Figure 9: Global: PCB Market: Breakup by Key Players (in %), 2017
Figure 10: India: PCB Market: Sales Value Trends (in Million US$), 2010-2017
Figure 11: India: PCB Market: Total Production Cost Breakup (in %), 2017
Figure 12: PCB Manufacturing: Price Structure Analysis (in US$/Square Metre)
Figure 13: India: PCB Market: Average Price Trends (in US$/Sq. Metre), 2010 and 2017-2023
Figure 14: India: PCB Market: Breakup by Supply (in %), 2017
Figure 15: India: PCB Market: Breakup by Manufacturing Type (in %), 2017
Figure 16: India: PCB Market: Breakup by Application (in %), 2017
Figure 17: India: PCB Market: Breakup by Product Type (in %), 2017
Figure 18: India: PCB Market: Breakup by States (in %), 2017
Figure 19: India: PCB Market: Breakup by Number of Layers (in %), 2017
Figure 20: India: PCB Market: Breakup by Laminate Type (in %), 2017
Figure 21: India: PCB Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 22: India: Printed Circuit Board Industry: SWOT Analysis
Figure 23: India: Printed Circuit Board Industry: Value Chain Analysis
Figure 24: India: Printed Circuit Board Industry: Porter’s Five Forces Analysis
Figure 25: India: Printed Circuit Board (Bare PCB) Market: Sales Value (in Million US$), 2010 & 2017
Figure 26: India: Printed Circuit Board (Bare PCB) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 27: India: Printed Circuit Board (Populated PCB) Market: Sales Value (in Million US$), 2010 & 2017
Figure 28: India: Printed Circuit Board (Populated PCB) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 29: India: Printed Circuit Board (Consumers Electronics) Market: Sales Value (in Million US$), 2010 & 2017
Figure 30: India: Printed Circuit Board (Consumers Electronics) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 31: India: Printed Circuit Board (Communication) Market: Sales Value (in Million US$), 2010 & 2017
Figure 32: India: Printed Circuit Board (Communication) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 33: India: Printed Circuit Board (Industrial Electronics) Market: Sales Value (in Million US$), 2010 & 2017
Figure 34: India: Printed Circuit Board (Industrial Electronics) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 35: India: Printed Circuit Board (Computers) Market: Sales Value (in Million US$), 2010 & 2017
Figure 36: India: Printed Circuit Board (Computers) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 37: India: Printed Circuit Board (Military & Aerospace) Market: Sales Value (in Million US$), 2010 & 2017
Figure 38: India: Printed Circuit Board (Military & Aerospace) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 39: India: Printed Circuit Board (Automotive) Market: Sales Value (in Million US$), 2010 & 2017
Figure 40: India: Printed Circuit Board (Automotive) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 41: India: Printed Circuit Board (Medical Instrumentation) Market: Sales Value (in Million US$), 2010 & 2017
Figure 42: India: Printed Circuit Board (Medical Instrumentation) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 43: India: Printed Circuit Board (Others) Market: Sales Value (in Million US$), 2010 & 2017
Figure 44: India: Printed Circuit Board (Others) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 45: India: Printed Circuit Board (Rigid 1-2 Sided) Market: Sales Value (in Million US$), 2010 & 2017
Figure 46: India: Printed Circuit Board (Rigid 1-2 Sided) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 47: India: Printed Circuit Board (Standard Multilayer) Market: Sales Value (in Million US$), 2010 & 2017
Figure 48: India: Printed Circuit Board (Standard Multilayer) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 49: India: Printed Circuit Board (Flexible Circuits) Market: Sales Value (in Million US$), 2010 & 2017
Figure 50: India: Printed Circuit Board (Flexible Circuits) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 51: India: Printed Circuit Board (HDI/ Microvia/Build-Up) Market: Sales Value (in Million US$), 2010 & 2017
Figure 52: India: Printed Circuit Board (HDI/ Microvia/Build-Up) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 53: India: Printed Circuit Board (Rigid Flex) Market: Sales Value (in Million US$), 2010 & 2017
Figure 54: India: Printed Circuit Board (Rigid Flex) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 55: India: Printed Circuit Board (Others) Market: Sales Value (in Million US$), 2010 & 2017
Figure 56: India: Printed Circuit Board (Others) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 57: India: Printed Circuit Board (Single-Sided) Market: Sales Value (in Million US$), 2010 & 2017
Figure 58: India: Printed Circuit Board (Single-Sided) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 59: India: Printed Circuit Board (Double-Sided) Market: Sales Value (in Million US$), 2010 & 2017
Figure 60: India: Printed Circuit Board (Double-Sided) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 61: India: Printed Circuit Board (Multi-Layer) Market: Sales Value (in Million US$), 2010 & 2017
Figure 62: India: Printed Circuit Board (Multi-Layer) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 63: India: Printed Circuit Board (FR-4) Market: Sales Value (in Million US$), 2010 & 2017
Figure 64: India: Printed Circuit Board (FR-4) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 65: India: Printed Circuit Board (Polyamide) Market: Sales Value (in Million US$), 2010 & 2017
Figure 66: India: Printed Circuit Board (Polyamide) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 67: India: Printed Circuit Board (CEM-1) Market: Sales Value (in Million US$), 2010 & 2017
Figure 68: India: Printed Circuit Board (CEM-1) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 69: India: Printed Circuit Board (Paper) Market: Sales Value (in Million US$), 2010 & 2017
Figure 70: India: Printed Circuit Board (Paper) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 71: India: Printed Circuit Board (Others) Market: Sales Value (in Million US$), 2010 & 2017
Figure 72: India: Printed Circuit Board (Others) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 73: Maharashtra: PCB Market: Sales Value (in Million US$), 2010 & 2017
Figure 74: Maharashtra: PCB Market Forecast: Sales Value (in Million US$)
Figure 75: Tamil Nadu: PCB Market: Sales Value (in Million US$), 2010 & 2017
Figure 76: Tamil Nadu: PCB Market Forecast: Sales Value (in Million US$) 2018-2023
Figure 77: Karnataka: PCB Market: Sales Value (in Million US$), 2010 & 2017
Figure 78: Karnataka: PCB Market Forecast: Sales Value (in Million US$) 2018-2023
Figure 79: Gujarat: PCB Market: Sales Value (in Million US$), 2010 & 2017
Figure 80: Gujarat: PCB Market Forecast: Sales Value (in Million US$)
Figure 81: Other States: PCB Market: Sales Value (in Million US$), 2010 & 2017
Figure 82: Other States: PCB Market Forecast: Sales Value (in Million US$)
Figure 82: Printed Circuit Board Manufacturing Plant: Detailed Process Flow
List of Tables
Table 1: Global: Printed Circuit Board (PCB) Market: Key Industry Highlights, 2017 and 2023
Table 2: India: Printed Circuit Board (PCB) Market: Key Industry Highlights, 2017 and 2023
Table 3: India: PCB Market Forecast: Market Breakup by Manufacturing Type (in Million US$), 2018-2023
Table 4: India: PCB Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 5: India: PCB Market Forecast: Market Breakup by Product Type (in Million US$), 2018-2023
Table 6: India: PCB Market Forecast: Breakup by Number of Layers (in Million US$), 2018-2023
Table 7: India: PCB Market Forecast: Market Breakup by Laminate Type (in Million US$), 2018-2023
Table 8: India: PCB Market Forecast: Performance of Key Regions (in Million US$), 2018-2023
Table 9: India: PCB Industry: Competitive Structure
Table 10: India: PCB Market: Major Key Players
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