The latest report by IMARC Group, titled “Indian PCB (Printed Circuit Board) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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.
Indian PCB (Printed Circuit Board) Market Overview:
A printed circuit board (PCB) is a non-conductive, copper-laminated board that helps connect electronic and electrical components without the use of wires. It comprises fiberglass, epoxy, and other composite materials. It is widely installed in numerous gadgets, ranging from consumer electronics, such as smartphones, tablets, computers and gaming consoles, to industrial and high-tech electronic products. PCBs also find extensive applications across various industries, including electronics, medical, defense, aerospace, lighting and automotive.
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 Indian PCB market is primarily driven by the increasing use of consumer electronics, such as computers, laptops and mobile phones, that use rigid PCBs in areas vital to the functionality of these devices. Additionally, several favorable initiatives undertaken by the Government of India, such as “Make in India” and “Digital India,” have encouraged the establishment of consumer electronics manufacturing units across the country, thereby contributing to the market growth.
Furthermore, the emerging miniaturization of semiconductor devices and advancements in the PCB functionalities and production process have catalyzed the market growth. Other factors, including rising disposable incomes, rapid urbanization, and increasing investments in digitization, are also anticipated to create a favorable market outlook.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
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:
- 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)
Key Market Segmentation Breakup by:
- Rigid 1-2 Sided
- Standard Multilayer
- Flexible Circuits
- HDI/ Microvia/Build-Up
- Rigid Flex
- Consumer Electronics
- Industrial Electronics
- Military & Aerospace
- Medical Instrumentation
- Rigid PCBs
- Flexible PCBs
PCB Laminate Type:
- Bare PCBs
- Populated PCBs
Breakup by Region:
- Tamil Nadu
- Other States
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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
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 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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