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Indian PCB (Printed Circuit Board) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Indian PCB (Printed Circuit Board) market reached a value of US$ 2.97 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Indian PCB (Printed Circuit Board) Market:  Drivers

  • India represents one of the largest and fastest growing consumer electronics market in the Asia Pacific region. Computers, laptops, mobile phones, etc. often use rigid PCBs in areas vital to the functionality of these devices, such as the motherboard, thereby creating a positive impact on the growth of the PCB industry.
  • PCBs find application in large number of industries which includes electronic products, automotive (dashboards, engine management system, power supplies etc.), medical (heart monitors, imaging probes, drug metering devices), defence (radar, armoured car control and security), lighting, broadcasting, Aerospace etc. It represents the foundation of a majority of electronic products and continues to evolve into new industries and applications.
  • The advancements made in the PCB functionalities and manufacturing along with the miniaturisation of semiconductor devices are expected to drive the demand for more complex PCBs with higher number of layers.
  • The Government of India is strongly encouraging the manufacturing and usage of PCBs in the country. It has launched many initiatives such as ‘Make in India’, ‘Digital India’ etc. Under these schemes, the government aims to encourage manufacturers to set up more local plants in the country by easing tax regime, reducing bureaucratic hurdles, etc. This is expected to bring in significant achievement in various end-use industries (automotive, electrical, etc.), thereby creating a positive impact on the overall PCB demand.
  • PCBs are the back bone of the electronics industry as it is deployed in almost all the electronic products from consumer gadgets to industrial high-tech products. The Indian electronic devices market has witnessed double digit growth rates driven by rising disposable incomes and increasing urbanisation levels in the country. This coupled with miniaturisation of semiconductor devices and enhanced functionality in electronic products is expected to drive the demand for more complex PCBs in the near future.
  • PCBs represent a fundamental component for the manufacturing of devices which are required for military navigation, guidance and control, electronic warfare, missiles and surveillance, and communication.  India currently has the 5th largest defense budget in the world and these figures are expected to increase continuously over the next five years. Moreover, catalyzed by rising demand and increasing government initiatives, the defense equipment manufacturing industry in the country is also undergoing strong growth. This is also expected to drive the demand of PCBs in the next five years.


Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian PCB (Printed Circuit Board) market report, along with forecasts for growth at the country and state level from 2021-2026. Our report has categorized the market based on product type, application, layer, segment, PCB laminate type and manufacturing type.

Breakup by Product Type:

  • Rigid 1-2 Sided
  • Standard Multilayer
  • Flexible Circuits
  • HDI/ Microvia/Build-Up
  • Rigid Flex
  • Others

 

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:

  • Consumer Electronics
  • Communication
  • Industrial Electronics
  • Computers
  • Military & Aerospace
  • Automotive
  • Medical Instrumentation
  • Others

 

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 represents the largest application segment for PCBs.

Breakup by Layer:

 

 
 

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  • Single-Sided
  • Double-Sided
  • Multi-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 market share.

Breakup by Segment:

  • Rigid PCBs
  • Flexible PCBs

 

Based on the segment, rigid PCBs dominate the market, holding the largest share. Rigid PCBs are followed by flexible PCBs.

Breakup by PCB Laminate Type:

  • FR-4
  • Polyamide
  • CEM-1
  • Paper
  • Others

 

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:

  • Bare PCBs
  • Populated PCBs

Based on the manufacturing type, bare PCBs dominate the market, holding the largest share. Bare PCBs are followed by populated PCBs.

Regional Insights:

  • Maharashtra
  • Tamil Nadu
  • Karnataka
  • Gujarat
  • Other States

 

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:

  • 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)


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 industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Application, Layer, Segment, PCB Laminate Type, Manufacturing Type, State
States Covered Maharashtra, Tamil Nadu, Karnataka, Gujarat, Other States
Companies Covered 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 and India Circuit Ltd (Garg Electronics)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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 Layer
    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    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market Breakup by Supply
    6.6    Market Breakup by Manufacturing Type
    6.7    Market Breakup by Application
    6.8    Market Breakup by Product Type
    6.9    Market Breakup by Region
    6.10    Market Breakup by Layer
    6.11    Market Breakup by Segment
    6.12    Market Breakup by Laminate Type
    6.13    Market Forecast
    6.14    SWOT Analysis
        6.14.1    Strengths
        6.14.2    Weaknesses
        6.14.3    Opportunities
        6.14.4    Threats
    6.15    Value Chain Analysis
        6.15.1    Research and Development
        6.15.2    Designing
        6.15.3    Raw material Procurement
        6.15.4    Manufacturing and Testing
        6.15.5    Exports
        6.15.6    Sales Distribution
        6.15.7    End-User
        6.15.8    Post-Sale Services
    6.16    Porter’s Five Forces Analysis
        6.16.1    Overview
        6.16.2    Bargaining Power of Buyers
        6.16.3    Bargaining Power of Suppliers
        6.16.4    Degree of Rivalry
        6.16.5    Threat of New Entrants
        6.16.6    Threat of Substitutes
    6.17    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 Layer
    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 Segment
    11.1    Rigid PCBs
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Flexible PCBs
        11.2.1    Market Trends
        11.2.2    Market Forecast
12  Market Breakup by Laminate Type
    12.1    FR-4
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Polyamide
        12.2.1    Market Trends
        12.2.2    Market Forecast
    12.3    CEM-1
        12.3.1    Market Trends
        12.3.2    Market Forecast
    12.4    Paper
        12.4.1    Market Trends
        12.4.2    Market Forecast   
    12.5    Others 
        10.5.1    Market Trends
        10.5.2    Market Forecast
13  Performance by Various States
    13.1    Maharashtra
        13.1.1    Market Trends
        13.1.2    Market Forecast
    13.2    Tamil Nadu
        13.2.1    Market Trends
        13.2.2    Market Forecast
    13.3    Karnataka
        13.3.1    Market Trends
        13.3.2    Market Forecast
    13.4    Gujarat
        13.4.1    Market Trends  
        13.4.2    Market Forecast
    13.5    Other States
        13.5.1    Market Trends
        13.5.2    Market Forecast
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
15  Manufacturing Process
    15.1    Product Overview
    15.2    Detailed Process Flow
    15.3    Various Types of Unit Operations Involved
16  Profile of Key Players
    16.1    AT&S
    16.2    Epitome Components Ltd
    16.3    Shogini Technoarts
    16.4    Cipsa Tec India Pvt Ltd
    16.5    Sulakshana Circuits Ltd
    16.6    PCB Power Limited
    16.7    Hi-Q Electronics Pvt Ltd
    16.8    Vintek Circuit India Pvt Ltd
    16.9    India Circuit Ltd (Garg Electronics)
    16.10    Nano Electrotech Pvt Ltd
    16.11    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 US$ Billion), 2015-2020
Figure 3: Global: PCB Market: Breakup by Manufacturing Type (in %), 2020
Figure 4: Global: PCB Market: Breakup by Application (in %), 2020
Figure 5: Global: PCB Market: Breakup by Product Type (in %), 2020
Figure 6: Global: PCB Market: Breakup by Layer (in %), 2020
Figure 7: Global: PCB Market: Breakup by Segment (in %), 2020
Figure 8: Global: PCB Market: Breakup by Laminate Type (in %), 2020
Figure 9: Global: PCB Market Forecast: Production Value Trends (in US$ Billion), 2021-2026
Figure 10: Global: PCB Market: Breakup by Key Players (in %), 2020
Figure 11: India: PCB Market: Sales Value (in US$ Million), 2015-2020
Figure 12: India: PCB Market: Total Production Cost Breakup (in %), 2020
Figure 13: PCB Manufacturing: Price Structure Analysis (in US$/Square Metre)
Figure 14: India: PCB Market: Average Price Trends (in US$/Sq. Metre), 2015 and 2020-2026
Figure 15: India: PCB Market: Breakup by Supply (in %), 2020
Figure 16: India: PCB Market: Breakup by Manufacturing Type (in %), 2020
Figure 17: India: PCB Market: Breakup by Application (in %), 2020
Figure 18: India: PCB Market: Breakup by Product Type (in %), 2020
Figure 19: India: PCB Market: Breakup by States (in %), 2020
Figure 20: India: PCB Market: Breakup by Layer (in %), 2020
Figure 21: India: PCB Market: Breakup by Segment (in %), 2020
Figure 22: India: PCB Market: Breakup by Laminate Type (in %), 2020
Figure 23: India: PCB Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 24: India: Printed Circuit Board Industry: SWOT Analysis
Figure 25: India: Printed Circuit Board Industry: Value Chain Analysis
Figure 26: India: Printed Circuit Board Industry: Porter’s Five Forces Analysis
Figure 27: India: Printed Circuit Board (Bare PCB) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 28: India: Printed Circuit Board (Bare PCB) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 29: India: Printed Circuit Board (Populated PCB) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 30: India: Printed Circuit Board (Populated PCB) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 31: India: Printed Circuit Board (Consumers Electronics) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 32: India: Printed Circuit Board (Consumers Electronics) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 33: India: Printed Circuit Board (Communication) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 34: India: Printed Circuit Board (Communication) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 35: India: Printed Circuit Board (Industrial Electronics) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 36: India: Printed Circuit Board (Industrial Electronics) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 37: India: Printed Circuit Board (Computers) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 38: India: Printed Circuit Board (Computers) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 39: India: Printed Circuit Board (Military & Aerospace) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 40: India: Printed Circuit Board (Military & Aerospace) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 41: India: Printed Circuit Board (Automotive) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 42: India: Printed Circuit Board (Automotive) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 43: India: Printed Circuit Board (Medical Instrumentation) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 44: India: Printed Circuit Board (Medical Instrumentation) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 45: India: Printed Circuit Board (Others) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 46: India: Printed Circuit Board (Others) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 47: India: Printed Circuit Board (Rigid 1-2 Sided) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 48: India: Printed Circuit Board (Rigid 1-2 Sided) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 49: India: Printed Circuit Board (Standard Multilayer) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 50: India: Printed Circuit Board (Standard Multilayer) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 51: India: Printed Circuit Board (Flexible Circuits) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 52: India: Printed Circuit Board (Flexible Circuits) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 53: India: Printed Circuit Board (HDI/ Microvia/Build-Up) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 54: India: Printed Circuit Board (HDI/ Microvia/Build-Up) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 55: India: Printed Circuit Board (Rigid Flex) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 56: India: Printed Circuit Board (Rigid Flex) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 57: India: Printed Circuit Board (Others) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 58: India: Printed Circuit Board (Others) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 59: India: Printed Circuit Board (Single-Sided) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 60: India: Printed Circuit Board (Single-Sided) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 61: India: Printed Circuit Board (Double-Sided) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 62: India: Printed Circuit Board (Double-Sided) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 63: India: Printed Circuit Board (Multi-Layer) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 64: India: Printed Circuit Board (Multi-Layer) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 65: India: Printed Circuit Board (Rigid PCBs) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 66: India: Printed Circuit Board (Rigid PCBs) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 67: India: Printed Circuit Board (Flexible PCBs) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 68: India: Printed Circuit Board (Flexible PCBs) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 69: India: Printed Circuit Board (FR-4) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 70: India: Printed Circuit Board (FR-4) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 71: India: Printed Circuit Board (Polyamide) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 72: India: Printed Circuit Board (Polyamide) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 73: India: Printed Circuit Board (CEM-1) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 74: India: Printed Circuit Board (CEM-1) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 75: India: Printed Circuit Board (Paper) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 76: India: Printed Circuit Board (Paper) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 77: India: Printed Circuit Board (Others) Market: Sales Value (in US$ Million), 2015 & 2020
Figure 78: India: Printed Circuit Board (Others) Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 79: Maharashtra: PCB Market: Sales Value (in US$ Million), 2015 & 2020 
Figure 80: Maharashtra: PCB Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 81: Tamil Nadu: PCB Market: Sales Value (in US$ Million), 2015 & 2020
Figure 82: Tamil Nadu: PCB Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 83: Karnataka: PCB Market: Sales Value (in US$ Million), 2015 & 2020
Figure 84: Karnataka: PCB Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 85: Gujarat: PCB Market: Sales Value (in US$ Million), 2015 & 2020
Figure 86: Gujarat: PCB Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 87: Other States: PCB Market: Sales Value (in US$ Million), 2015 & 2020
Figure 88: Other States: PCB Market Forecast: Sales Value (in US$ Million), 2021-2026
Figure 89: Printed Circuit Board Manufacturing Plant: Detailed Process Flow

List of Tables

Table 1: Global: Printed Circuit Board (PCB) Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Printed Circuit Board (PCB) Market: Key Industry Highlights, 2020 and 2026
Table 3: India: PCB Market Forecast: Breakup by Manufacturing Type (in US$ Million), 2021-2026
Table 4: India: PCB Market Forecast: Breakup by Application (in US$ Million), 2021-2026
Table 5: India: PCB Market Forecast: Breakup by Product Type (in US$ Million), 2021-2026
Table 6: India: PCB Market Forecast: Breakup by Layer (in US$ Million), 2021-2026
Table 7: India: PCB Market Forecast: Breakup by Segment (in US$ Million), 2021-2026
Table 8: India: PCB Market Forecast: Breakup by Laminate Type (in US$ Million), 2021-2026
Table 9: India: PCB Market Forecast: Performance of Key Regions (in US$ Million), 2021-2026
Table 10: India: PCB Industry: Competitive Structure
Table 11: India: PCB Market: Major Key Players

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Key Question Answered in this Report

The Indian PCB (print circuit board) market was valued at US$ 2.97 Billion in 2020.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in temporary closure of numerous end-use industries of PCB (print circuit board) and delay in R&D activities.

The expanding consumer electronics sector, along with the rising sales of computers, mobiles, and tablets that use rigid PCBs in areas vital to the functionality of these devices, such as the motherboard, are currently driving the Indian PCB (print circuit board) market.

Based on the product type, the Indian PCB (print circuit board) market has been categorized into rigid 1-2-sided, standard multilayer, flexible circuits, HDI/microvia/build-up, rigid-flex, and others. Currently, 1-2-sided PCBs hold the majority of the total market share.

Based on the application, the Indian PCB (print circuit board) market can be segmented into consumer electronics, communication, industrial electronics, automotive, computers, military and aerospace, medical instrumentation, and others. Among these, the consumer electronics sector represents the largest segment.

Based on the layer, the Indian PCB (print circuit board) market has been divided into single-sided, double-sided, and multi-layer, where single-sided PCBs currently hold the majority of the total market share.

Based on the segment, the Indian PCB (print circuit board) market can be segregated into rigid PCBs and flexible PCBs. Currently, rigid PCBs exhibit a clear dominance in the market.

Based on the laminate type, the Indian PCB (print circuit board) market has been bifurcated into FR-4, polyimide, CEM-1, paper, and others. Among these, FR-4 holds largest share in the market. 

Based on the manufacturing type, the Indian PCB (print circuit board) market can be categorized into bare PCBs and populated PCBs. Currently, bare PCBs hold the majority of the total market share.

On a regional level, the market has been classified into Maharashtra, Tamil Nadu, Karnataka, Gujarat, and other states, where Maharashtra currently dominates the Indian market.

Some of the major players in the Indian PCB (print circuit board) market 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, and India Circuit Ltd (Garg Electronics).

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