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Indian PCB Market Overview: Trends and Key Players

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This article delves into the Printed Circuit Board (PCB) market in India, highlighting key trends and major players. PCBs form the fundamental building block of almost all electronic devices, including PCs, tablets, phones, and smartphones.

Driven by the Indian government’s “Make in India” initiative, the PCB market in India has experienced significant growth recently. The consumer electronics and IoT (Internet of Things) sectors are major drivers of this growth.

Looking ahead, strategic electronics, automotive electronics, telecommunications, industrial electronics, and continued growth in consumer electronics will further fuel the Indian PCB market.

Here’s a summary of the Indian PCB market landscape:

  • Imports: India imports PCBs primarily from Taiwan, China, Hong Kong, the USA, and Korea. Import prices are comparable to domestic prices, with a difference of only about 5% to 8%. Imports are mainly driven by the gap between demand and supply. However, domestic prices for medium volumes are quite competitive within India.
  • Exports: India exports approximately 24% of its PCB production to countries such as Germany, the USA, Malaysia, Belgium, Austria, Netherlands, Spain, and the UK. The country exports single-sided, double-sided, and multi-layer PCB boards.
  • Domestic: PCB manufacturers in India largely cater to the electronic applications market but rely on external manufacturers for telecom equipment, mobile phones, and motherboards.

PCB Manufacturers in India

The PCB manufacturers in India can be categorized based on the following factors:

  • Large volume manufacturers
  • Small volume manufacturers
  • Small volume, fast delivery manufacturers
  • Small volume, complex design manufacturers

Here is a list of PCB manufacturers in India:

  • AT&S India Pvt. Ltd.
  • Ascent Circuits Pvt. Ltd.
  • BLG Electronics Ltd.
  • CIPSA-TEC India Pvt. Ltd
  • Circuits Systems India Ltd/PCB Power
  • Epitome Components Ltd
  • Fine-Line Circuits Ltd
  • Garg Electronics Pvt Ltd
  • Genus Electrotech Ltd
  • Hi-Q Electronics Pvt Ltd
  • Meena Circuits Pvt Ltd
  • Micropack Ltd
  • Vintek Circuits (India) Pvt. Ltd
  • Sulakshana Circuits Ltd