India PCB (Printed Circuit Board) Market Seen Soaring ~16.40% Growth to Reach USD Million by 2033, Projects UnivDatos

Key Highlights of the Report:

• Consumer Electronics: With internet usage expanding rapidly, the growth of consumer electronics is further driving the PCB market, with over 40 percent of the current usage of PCB in India in the consumer electronics segment.

• Automotive Electronics Segment: Automotive electronics is also a growth area in India, and so is the need for high-density interconnect (HDI) and flexible printed circuits (PCB). With the trend leaning towards electric vehicles (EVs) and advanced driver-assistance systems (ADAS), new opportunities are emerging through high-density interconnect (HDI) and flexible printed circuits (FPCB).

• Domestic Production Push: India wants to wean off its extensive levels of PCB import dependency, which only satisfies an estimated 70-75% of the demand, by ramping up its local fabrication capacities in the form of government and commercial investments.

• Advancement in technology: Technologies like multilayer, rigid-flex, and PCB are gaining momentum and making it possible to miniaturize next-generation applications, not only in the telecom but also in the defense and medical sectors.

According to a new report by UnivDatos, the India PCB (Printed Circuit Board) Market is expected to reach USD Million in 2033 by growing at a CAGR of 16.40% during the forecast period (2025-2033). The booming demand for consumer electronics, electric cars, and IoT technology is playing a big role in driving PCB consumption in India. To this, the encouragement by the government in the form of the Make in India and the Production Linked Incentive (PLI) schemes is inciting investments in domestic production. In addition, the increased activities in telecom infrastructure development, especially 5G deployment, necessitate superior PCBs in network devices. The demand for dependable and high-performance circuit boards is strengthened by rising digitalization and attempts to increase smart cities. For instance, on January 20, 2025, with a total of 24 beneficiaries committing an investment of INR 3,516 crore in the third round, the PLI Scheme is poised to significantly boost the production of Components of ACs & LED Lights across India. In the third round of the online application window of the Production-Linked Incentive (PLI) Scheme, a total of 38 applications were received.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/india-pcb-market?popup=report-enquiry 

The Union Cabinet had given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of INR 6,238 Crore on 7th April 2021. The Scheme was notified by DPIIT on 16.04.2021.

The PLI Scheme on White Goods is designed to create a robust component ecosystem for Air Conditioners and the LED Lights Industry in India and make India an integral part of the global supply chains. The Scheme extends an incentive of 6% to 4% on a reducing basis on incremental sales for a period of five (5) years subsequent to the base year and a year of gestation period. Domestic Value Addition is expected to grow from the current 15-20% to 75-80%.

Trend: Adoption of Automation & Industry 4.0 in PCB Production Lines

The combination of automation and Industry 4.0 technologies in PCB production is changing the Indian industry by revamping production efficiency and quality in the country. Robotic soldering, laser drilling, and intelligent inspection are some of the automated processes improving the turnaround time and reducing error rates. Predictive maintenance allows monitoring and analysis of real-time data to reduce downtime and wastage. The digital transition assists manufacturers in addressing the call for high volume as well as precision in advanced electronics industries. Consequently, the smart factory companies derive a competitive advantage to the effect that the entire PCB market of India in terms of growth and competitiveness in the global market.

For instance, on October 17, 2024, Amber Enterprises India Ltd announced a joint venture (JV) with Korea Circuit Co Ltd to bring advanced printed circuit board (PCB) manufacturing capabilities to India. The 50:50 JV, named Amber Korea Circuit Pvt Ltd, will focus on designing, manufacturing, and supplying PCBs for various industries, including automotive, industrial, medical, and consumer electronics.

According to the report, the impact of PCB (Printed Circuit Board) has been identified to be high for the West India area. Some of how this impact has been felt include:

West India is expected to grow with a significant CAGR during the forecast period (2025-2033). Industrial states such as Maharashtra and Gujarat also dominate West India, which is the largest factor in expanding the PCB market, owing to a high concentration of large electronics clusters and export-oriented manufacturing units. Accessibility to ports and well-developed industrial infrastructure is also conducive to facilitating a streamlined logistics and supply chain of manufactured PCBs and raw materials. In addition, the ongoing investments by the government in electronics parks and intelligent manufacturing zones in this area encourage firms to expand their production capacity and specialize in high-value PCBs.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2025−2033.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Type, By Application, By Region/Country

Competitive Landscape – Top Key Vendors and Other Prominent Vendors