As indicated in the latest market research report published by IMARC Group, titled "India PCB Components Market Size, Share, Trends and Forecast by Component Type, PCB Type, End Use Industry, and Region, 2025-2033," the report presents a thorough review featuring the India PCB components market trends, share, growth, and research of the industry.Market Size & Future Growth Potential:
The India PCB components market size reached USD 926.10 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,958.47 Million by 2033, exhibiting a growth rate (CAGR) of 11.20% during 2025-2033.
Latest Market Trends:
The India PCB Components Market is rapidly evolving as demand surges from consumer electronics, automotive systems, industrial automation, and telecom infrastructure. Printed circuit boards (PCBs) are becoming increasingly complex, requiring high-density interconnects, multi-layer designs, and robust components that support faster processing and improved thermal performance. Moreover, the rise of smartphones, smart home devices, and wearable technology has accelerated the need for miniaturized PCB components that deliver high efficiency while occupying minimal space. Additionally, India’s growing EV ecosystem is driving the use of power electronics components such as MOSFETs, IGBTs, sensors, and connectors designed to handle higher voltage and temperature requirements.
In addition, telecom expansion—especially with 5G rollout—is boosting demand for RF components, antenna modules, and advanced PCB materials with superior signal integrity. The shift toward automation in manufacturing is further encouraging PCB producers to adopt surface-mount technology (SMT), automated optical inspection (AOI), and advanced testing tools to maintain international quality standards. Furthermore, the emergence of localized electronics manufacturing and increased emphasis on backward integration are motivating OEMs to source more PCB components domestically. Together, these trends reveal a market transitioning toward high-performance, miniaturized, and technologically advanced PCB component solutions across multiple sectors.
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Market Scope and Growth Factors:
The India PCB Components Market is expanding steadily driven by government incentives, rising electronics manufacturing, and strong demand across multiple high-growth industries. The Production Linked Incentive (PLI) schemes and Make in India initiatives are encouraging global and domestic companies to invest in localized PCB fabrication and component manufacturing.
Moreover, rapid growth in consumer electronics—such as televisions, smartphones, laptops, and home appliances—is creating continuous demand for capacitors, resistors, ICs, connectors, transistors, and other critical PCB components. Additionally, the expansion of India’s electric vehicle industry is fueling demand for high-reliability power components integrated into battery management systems, motor controllers, and onboard chargers.
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