Views: 0 Author: Site Editor Publish Time: 2025-11-08 Origin: Site
The Indian PCB (Printed Circuit Board) market has exploded in 2025, transforming from a "follower" that relied on imports for 80% of its needs into a "hot commodity" in the global electronics manufacturing circle. Whether you’re looking to expand production capacity or seek cooperation, this wave of growth dividends is well worth focusing on—let’s break down the market realities today.
How strong is the market? The data speaks for itself. The Indian PCB market reached $6.3 billion in 2024 and will maintain a high annual growth rate of over 15% in the coming years, projected to soar to $24.7 billion by 2033. Core demand is driven by three key sectors: nationwide 4G/5G coverage, a 45% year-on-year surge in electric vehicle (EV) sales in April 2025, and India’s position as the world’s second-largest smartphone market. Demand for core products like rigid PCBs and multi-layer PCBs shows no signs of slowing down.
Two major drivers are fueling this momentum. First, the government’s tangible support—"Make in India" is more than just a slogan. The Electronic Components Manufacturing Scheme (ECMS), launched in April, received 249 investment applications totaling 1.15 trillion rupees (approximately $13.8 billion) in just six months. Seven PCB-related projects approved in October involve a total investment of 55.3 billion rupees, with five located in Tamil Nadu. Companies also enjoy tax incentives, simplified approval processes, and higher import tariffs—all designed to push for local production.
Second, downstream demand is booming across multiple sectors. New energy vehicles are the biggest growth driver: a single EV uses four times as many PCBs as a traditional fuel-powered car, with battery management systems and intelligent driving modules heavily dependent on them. In consumer electronics, steady mass production of smartphones and tablets ensures stable demand for rigid PCBs. Additionally, demand for high-precision PCBs in industrial automation and medical equipment is expanding the market further.
