Where Is The Indian PCB Industry Headed?

Where does the Indian PCB industry stand today? What are the factors that will drive its growth and what will hinder it? We tried to figure out the answers to these questions, and here is a collation of our findings.

Printed circuit boards (PCBs)are made up of one or more layers of copper laminated non-conductive material. A PCB mechanically supports and electrically connects electronic and electrical components using conductive tracks, pads and other features etched on it.

Printed circuit boards (PCBs) are the backbone of all electronic products, ranging from consumer products such as PCs, tablets, smartphones and gaming consoles to industrial and high-tech products in the strategic and medical electronics domains.

The Indian electronics market is one of the fastest growing in the world, having crossed US$ 140 billion in 2016 and is anticipated to reach the magical figure of US$ 400 billion in 2022, with domestic electronics manufacturing climbing to over US$ 100 billion. This will create tremendous opportunities for PCB manufacturers. Considering this booming market as well as the recent government policies like ‘Make in India’ and ‘Smart Cities’, the PCB market in India is expected to reach new heights.

Market opportunities

The global PCB market was valued at US$ 63.1 billion in 2017 and is expected to reach US$ 76.9 billion by 2024, at a CAGR of 3.1 per cent as per a report published by Energias Market Research. The key factors driving the growth of this market are:

The increasing adoption of automation in various end user industries

The growing demand for wireless devices

The miniaturisation of devices and the need for more efficient interconnect solutions

Higher demand for flexible circuits With more processors and sensors being used in smart gadgets, the size of the PCBs has reduced by approximately 25 per cent, across devices. And the use of flame-retardant chemicals in PCBs has become mainstream, to comply with safety standards.