Indian PCB Market to Witness Exponential Growth by 2034: Fueled by 5G Rollout & EV Adoption

DELHI, India - Jan. 30, 2026 - PRLog -- Key Takeaways:

• The Indian PCB (printed circuit board) market was valued at USD 7.26 Billion in 2025 and is projected to reach USD 25.48 Billion by 2034, expanding at a strong CAGR of 14.96% during 2026–2034.
• Market growth is fueled by accelerating electric vehicle (EV) adoption, which requires advanced battery management systems and high-performance electronic components.
• Government support through Production-Linked Incentive (PLI) schemes is strengthening domestic PCB manufacturing and attracting investments into electronics component production.
• Rapid expansion of smartphone manufacturing (India as the world's second-largest producer) and ongoing 5G infrastructure rollout are boosting demand for high-frequency and advanced PCB solutions.
• Increasing localization, capacity expansions, and strategic partnerships are collectively enhancing India's PCB market share in the global electronics supply chain.

For an in-depth analysis, you can refer free sample copy of the report: https://www.imarcgroup.com/indian-pcb-market/requestsample

Segmentation Highlights:

• By Manufacturing Type: Bare PCBs dominate with a 74% share in 2025, supported by PLI-led investments in electronics and component manufacturing ecosystems.
• By Application: Consumer electronics lead the market with a 35% share in 2025, driven by India's electronics manufacturing value reaching INR 11.3 lakh crore over the past decade.
• By Product Type: Rigid 1–2 sided PCBs account for the largest segment with a 50% share in 2025, favored for cost-effectiveness and significantly lower per-unit costs compared to multilayer boards.
• By Layer: Single-sided PCBs hold a 53% share in 2025, widely used in basic electronics, lighting, and entry-level applications due to affordability and simplicity.
• By Segment: Rigid PCBs dominate with an 82% share in 2025, essential for automotive control systems and consumer electronics motherboards across devices and vehicles.
• By Laminate Type: FR-4 leads with a 61% market share in 2025, serving as the industry-standard material balancing performance, durability, and cost efficiency.

Regional Insights:

• By State: Maharashtra leads the market with a 29% share in 2025, supported by strong manufacturing clusters in Pune, Mumbai, and Nashik.

Competitive Landscape:

The market shows moderate to high competitive intensity, with domestic and global players expanding capacities through joint ventures and strategic alliances. Key participants include

• AT&S, Epitome Components Ltd.
• Shogini Technoarts
• Cipsa Tec India Pvt Ltd
• Sulakshana Circuits Ltd
• PCB Power Limited
• Hi-Q Electronics Pvt Ltd
• Vintek Circuit India Pvt Ltd
• India Circuit Ltd (Garg Electronics)
• Nano Electrotech Pvt Ltd
• Meena Circuit Pvt Ltd

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/indian-pcb-market