Summary

Market Overview
India PCB (Printed Circuit Board) Market was valued at USD 5.23 Billion in 2025 and is projected to reach USD 8.27 Billion by 2031, growing at a CAGR of 7.94% during the forecast period. Printed circuit boards form the essential backbone of modern electronic devices, serving both mechanical and electrical functions by connecting components through copper-etched pathways. With the rapid digitization of lifestyles and increased reliance on consumer electronics, industrial automation, automotive electronics, and medical devices, the demand for PCBs in India has seen a notable surge. From smartphones and computers to electric vehicles and defense systems, PCBs are a critical component of technology infrastructure, and India’s growing emphasis on indigenous electronics production is propelling market expansion.
Key Market Drivers
Government Led Electronics and Make in India Initiatives
India's PCB market is significantly driven by government-backed initiatives such as "Make in India" and the Production-Linked Incentive (PLI) scheme, which are fostering a robust domestic electronics manufacturing ecosystem. These programs offer financial incentives, regulatory easing, and infrastructure development to encourage local PCB production. As global and domestic OEMs look to reduce import dependency and boost local sourcing, Indian PCB manufacturers are increasingly being integrated into supply chains. This policy-driven momentum has improved the business environment for PCB players and is laying the groundwork for long-term self-reliance in electronic component manufacturing.
Key Market Challenges
Inadequate Raw Material Ecosystem and Import Dependency
India’s PCB industry remains heavily reliant on imported raw materials such as copper-clad laminates, specialty chemicals, and soldering compounds. This dependency exposes manufacturers to fluctuating global prices, shipping delays, and geopolitical tensions, which can disrupt production schedules and escalate costs. Additionally, logistical inefficiencies and inconsistent customs procedures contribute to unpredictability in the supply chain. These issues undermine competitiveness and highlight the urgent need for a localized, resilient materials ecosystem to support sustainable PCB manufacturing in India.
Key Market Trends
Rise of Domestic Assembly-Integrated PCB Manufacturing
A growing trend in the Indian PCB market is the move toward vertically integrated manufacturing models where companies not only fabricate boards but also offer end-to-end services including surface-mount technology (SMT), assembly, testing, and turnkey delivery. This model appeals to global OEMs seeking faster production cycles and streamlined vendor management. Indian PCB players are investing in automation, quality testing, and engineering talent to provide these value-added services, especially in high-demand segments like consumer electronics, automotive systems, and medical equipment. With support from government production-linked schemes and design-centric policies, this integrated approach is strengthening India’s position as a full-service electronics manufacturing destination.
Key Market Players
• AT&S India Pvt. Ltd.
• Shogini Technoarts Pvt. Ltd.
• Genus Electrotech Ltd.
• CIPSA-TEC India Pvt. Ltd.
• Epitome Components Ltd.
• Fine-Line Circuits Ltd.
• Meena Circuits Pvt. Ltd.
• Ascent Circuits Pvt. Ltd.
Report Scope:
In this report, the India PCB (Printed Circuit Board) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• India PCB (Printed Circuit Board) Market, By Product Type:
o Rigid 1-2 Sided
o Standard Multilayer
o Flexible Circuits
o HDI/ Microvia /Build Up
o Rigid Flex
o Others
• India PCB (Printed Circuit Board) Market, By Segment:
o Rigid PCBs
o Flexible PCBs
• India PCB (Printed Circuit Board) Market, By Application:
o Consumer Electronics
o IT & Telecom
o Defense & Aerospace
o Automotive
o Healthcare
o Others
• India PCB (Printed Circuit Board) Market, By Region:
o South India
o North India
o West India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India PCB (Printed Circuit Board) Market.
Available Customizations:
India PCB (Printed Circuit Board) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. India PCB (Printed Circuit Board) Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (Rigid 1-2 Sided, Standard Multilayer, Flexible Circuits, HDI/ Microvia /Build Up, Rigid Flex, Others)
5.2.2. By Segment (Rigid PCBs, Flexible PCBs)
5.2.3. By Application (Consumer Electronics, IT & Telecom, Defense & Aerospace, Automotive, Healthcare, Others)
5.2.4. By Region (South India, North India, West India, East India)
5.2.5. By Company (2025)
5.3. Market Map
6. South India PCB (Printed Circuit Board) Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Segment
6.2.3. By Application
7. North India PCB (Printed Circuit Board) Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Segment
7.2.3. By Application
8. West India PCB (Printed Circuit Board) Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Segment
8.2.3. By Application
9. East India PCB (Printed Circuit Board) Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Segment
9.2.3. By Application
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
11.1. Merger & Acquisition (If Any)
11.2. Product Launches (If Any)
11.3. Recent Developments
12. Policy and Regulatory Landscape
13. India Economic Profile
14. Company Profiles
14.1. AT&S India Pvt. Ltd.
14.1.1. Business Overview
14.1.2. Key Revenue and Financials
14.1.3. Recent Developments
14.1.4. Key Personnel/Key Contact Person
14.1.5. Key Product/Services Offered
14.2. Shogini Technoarts Pvt. Ltd.
14.3. Genus Electrotech Ltd.
14.4. CIPSA-TEC India Pvt. Ltd.
14.5. Epitome Components Ltd.
14.6. Fine-Line Circuits Ltd.
14.7. Meena Circuits Pvt. Ltd.
14.8. Ascent Circuits Pvt. Ltd.
15. Strategic Recommendations
16. About Us & Disclaimer