Indian Printed Circuit Board (PCB) Market

The Indian PCB (Printed Circuit Board) market reached a value of US$ 3.8 Billion in 2021 and expects to reach US$ 10.7 Billion by 2027, a CAGR of 18.7% by 2027.

SHERIDAN, WYOMING, UNITED STATES, July 13, 2022 /EINPresswire.com/ -- Market Scenario:

The latest report by IMARC Group, titled "Indian PCB (Printed Circuit Board) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the Indian printed circuit board (PCB) market forecast report. 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 is an electrical circuit that is used as the base in most electronics and aids in connecting electronic and electrical components without the use of wires. It is used to physically support and wire the surface-mounted and socketed components in numerous electronics. These copper-laminated boards are usually made from fiberglass, composite epoxy or other composite materials. Whereas simple electronics comprise a single layer of PCBs, complex and sophisticated hardware requires multiple layers, which can go up to twelve. PCBs are widely utilized across numerous industries for diverse applications, which include computers, television sets, mobile phones, digital cameras, tablets, gaming consoles, medical devices, LED lighting and several industrial machines.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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

The market in India is primarily driven by the thriving consumer electronics industry in the country, which is anticipated to exhibit double-digit growth over the next few years. Facilitated by rapid urbanization, improving living standards and the increasing purchasing power of the majority of the population, the sales of computers, mobiles and tablets are escalating in India, which employ PCBs as an indispensable component. This is further supported by favorable initiatives undertaken by the Government of India to provide a thrust to domestic consumer electronics manufacturing units. Several Initiatives, including 'Make in India,' ‘Digital India’ and the National Policy on Electronics, have contributed to a significant rise in the demand for PCBs from domestic manufacturers. Apart from this, the rising trend of miniaturization of devices is also spurring the market growth. Manufacturers are shrinking the sizes of semiconductor devices not only to reduce the size of electronics and make them aesthetically pleasing but also to enhance their overall efficiency. This, in confluence with the advent of numerous advancements in the manufacturing process of PCBs, is providing an impetus to the market growth. The growing adoption of digitization and modernization in the medical field is also expected to influence the demand for PCBs in the coming years, thus creating a positive outlook for the market.

Explore Full Report with TOC & List of Figures: https://bit.ly/2TbJ7Yz

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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

Breakup by Region:

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

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• 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

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• 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.

About Us

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.

Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here

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