Get a Sample
Schedule a Meeting
Get a Sample
Table Of Content
May 2025
The India automotive printed circuit board market is experiencing strong growth with the rapid shift toward electric vehicles, hybrid cars, and advanced driver-assistance systems. Increasing demand for safety, connectivity, and energy efficiency is pushing automakers to adopt advanced PCB solutions. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The India automotive printed circuit board market is being driven by rising consumer demand for smart mobility and energy-efficient vehicles. With developments in ADAS, EV battery management, and digital dashboards, PCB manufacturers are seeing significant opportunities in the country. This growth is due to the increasing demand for electric vehicles and automotive electronics.
Artificial intelligence is completely revolutionizing the India automotive printed circuit board market, leading to streamlined processes, improved product quality, and reduced manufacturing costs. It also enhances design efficiency, manufacturing precision and leads to a seamless system integration across all vehicles. In the design field, AI driven tools are being used to automate complex PCB layouts and simulate complex automotive requirements. This helps reduce design time and helps designers to boost soldering accuracy as well as facilitate sophisticated inspection procedures. Additionally, these AI Algorithms can go through vast amounts of data in search of any inefficiencies, making quality control efficient. They also help anticipate material needs to optimize inventory levels and track machinery to see when repairs are required, further extending the life of machines and reducing downtime.
PCB board manufacturers have also started using machine learning algorithms to analyze performance and dependability for signal integrity analysis and heat control. By observing problems with production and PCB assembly from early on, this helps keep production error-free and iteration costs down, allowing PCB board manufacturers to attain efficiency and accuracy at all times.
Printed Circuit Boards (PCB) are non-conductive and copper laminated boards that are designed to connect components without the use of wires. They are manufactured through various materials such as epoxy and fiberglass which aim to reduce the complexity of the overall circuit design. The increasing demand for PCBs in consumer electronic products such as computers, laptops, cameras and mobile phones are one of the major factors that are fueling the growth of the automotive printed circuit board market in India. Moreover, the automotive industry is witnessing a rising demand in electric and hybrid vehicles, further increasing the need for high-frequency and high-speed boards. Printed circuit boards are vital components for the functioning of modern vehicles as they provide connectivity for various electronic systems. With the increasing complexity of automotive electronics and the development of autonomous and connected vehicles, the demand for automotive PCBs is continuously on the rise in India. This market is expected to see steady growth for the forecasted years as well.
| Report Coverage | Details |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Product Type, Application Area / Function, Vehicle Type, Technology Type, and End User / Supply Chain Tier |
Expansion of Application in Electric Vehicles
The proliferation of EVs, and IoT-based smart appliances is creating a high demand for PCBs. Additionally, India’s expanding EMS (Electronics Manufacturing Services) ecosystem and favorable labor costs are also attracting global contract manufacturers. Another factor driving the growth of this market is lifestyle change. As the population of the middle class is increasing, disposable income also rises, thus fueling a greater demand for electronic devices like smartphones, tabs and smart home gadgets. This is creating a ripple effect in demand within the PCB industry, as PCBs are integral components of these devices, propelling the growth of the market.
Hinderance in Scrapping Raw Materials
Despite showing strong growth potential, the industry faces several challenges as well. Limited access to high-end raw materials like copper laminates and photoresists make it difficult to widely produce PCBs. As PCB require special materials like copper foil and high-grade laminates coupled with the high cost of acquiring and maintaining advanced manufacturing equipment, it can be financially heavy, making it tricky for small and medium-sized enterprises. Other factors like environmental compliance, wastewater treatment, inadequate manufacturing capabilities and lack of supply chains further slowdown market growth.
Government Initiatives and Demand for High-speed Intercom
The India automotive printed circuit board market is witnessing an increase in the demand for high-density interconnect. This increase is driven by technological innovations and AI integrations in the consumer electronics, automotive and telecommunications domain. Due to rapid digital transformation that is being adopted in the country the demand for more sophisticated and compact electronic components is also growing. Government initiatives have also pushed the market forward, creating fertile conditions for industry growth. Moreover, the aspect of sustainability is also gaining traction, encouraging manufacturers to adopt eco-friendly materials and processes. This is aiding the growth of the market even more.
The rigid PCB segment dominated the India automotive printed circuit board market in 2024. This dominance is because of their widespread use in engine control units, power distribution modules and safety applications. They are the backbone of the traditional automotive electronics domain. Moreover, they are cost effective, highly durable and can handle rugged, harsh environmental conditions, especially Indian roads. All these factors coupled with their significantly low production costs makes them a leading segment in today’s market.
Flexible PCB’s is the fastest growing segment observed for the forecast period. This is due to the rise in demand for compact, lightweight and high-performance automotive electronics. These flexible PCB’s offer design freedom, helping manufacturers reduce wiring complexities while still maintaining superior heat resistance and durability, further pushing their growth and development. India’a top players such as Tata and Mahindra have already adopted FPCB components in their Electric Vehicle production, especially in battery control systems and sensor modules.
Which type is dominant in the market?
Powertrain & engine control segment held a dominant presence in the market in 2024. This is due to the country’s large base of internal combustion engine vehicles and the steady adoption of hybrid solutions. PCBs play a vital role in engine control units, fuel injection systems, transmission models as well as emission control mechanisms. Furthermore, the country’s stringent norms about E20 fuel adoption and emissions compels automakers to upgrade their powertrain electronics, ensuring a consistent demand for this segment.
The battery and power management segment is observed to be the fastest growing during the forecast period. This is fueled by India’s aggressive roadmap regarding electric vehicle adoption. With the help of government initiatives and schemes, the country is witnessing a surging demand for PCBs that can efficiently manage storage, charging systems and thermal regulation. These segments of PCBs are designed for high reliability, heat dissipation and compact integration, making them a popular choice.
Which vehicle type is leading the market?
The passenger vehicles segment dominated the India automotive printed circuit board market in 2024. This segment includes Internal Combustion Engine, Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles and Hybrid Electric Vehicles. The popularity of this segment is due to the increasing demand for electric and hybrid vehicles, as PCBs are the critical components in battery management systems, EV powertrains, lighting systems, power window control, instrument clusters and various other electronic systems within the passenger vehicle. Passenger vehicles today are equipped with advanced features, making the need for high performance PCBs grow even more.
The two wheeler segment is the fastest growing segment observed for the forecast period. This is because two wheelers make up for the majority of vehicles sold in India. This coupled with the growing awareness about electric vehicles is boosting PCB demand. Electric scooters and bikes require advanced PCB battery management, motor control, safety circuits and connectivity features. Along with this, the aspect of affordability also comes into play, making them the preferred transport type.
Which technology dominated the market?
By technology type, the Surface Mount Technology (SMT) segment dominated the India automotive printed circuit board market in 2024. This is because it allows components to be mounted directly on the PCB surface, reducing weight and size while increasing its reliability. These qualities are especially important for automotive electronics, thus making this segment the go to technology for large scale production. Their advantage also lies in the fast that majority of Tier 1 automotive suppliers have standardized SMT, ensuring consistency but at a lower cost.
Substrate Like PCBs (SLP) is observed to be the fastest growing segment during the predicted timeframe due to their ability to support thin, highly complex circuit designs along with superior signal integrity. These features are especially important for future or new generation automotive electronics, such as ADAS, connected car modules and high speed communication networks.
Which end user has dominated the market?
The tier 1 supplier segment dominated the market in 2024. This is because these suppliers play a very critical role in supplying high quality, specialized and integrated electronic modules that incorporate advanced PCBs. Their dominance is due to their expertise in ADAS modules, power electronics. They also benefit heavily from economies of scale, partnerships and strong research and development capabilities, making them a leading force.
On the other hand, the OEMs segment is observed to be the fastest growing during the forecast period. Major automakers such as Tata, Mahindra, Maruti Suzuki etc. are investing heavily in direct sourcing practices as well as integration of advanced PCBs. The advantage of OEM lies in its ability to directly align PCBs design with the vehicle’s architecture, that to in a lower cost, further boosting demand.
This stage is the most important stage in the value chain of this market as it begins with raw material providers and component manufacturers who supply cooper foils, laminates, resins and substrates, all of which are essential for PCB production. In India, this stage is partially import dependent in nature, especially when it comes to high grade laminates and advanced substrates.
Key players: Lamitubes, Atotech India, Jindal Poly Films, Hitech Plastics
Several Indian companies are producing single layer, double layer as well as multi layer PCBs for the automotive industry. These enterprises are investing heavily in HDI, Rigid flex and high power PCB capabilities to cater to the vast ADAS and EV demands. This is the core value creation stage and this stage is led by both domestic players as well as global players setting up local facilities.
Key players: Meena Circuits, Cipsa Tech, Genus Electrotech
Tier 1 suppliers in India act as system integrators, helping bridge the gap between fabricators and vehicle manufacturers. They take bare PCBs from manufacturers and convert them into modules, ECUs, wiring harnesses as well as mechatronic systems that are ready to be deployed inside vehicles. They also collaborate with global OEMs operating domestically in India to ensure that all the domestic PCB vendors are meeting international standards and quality.
Key players: Spark Minda Group, Varroc Engineering, Motherson Sumi Systems, Ashok Leyland
By Product Type
By Application Area / Function
By Vehicle Type
By Technology Type
By End User / Supply Chain Tier
For inquiries regarding discounts, bulk purchases, or customization requests, please contact us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
May 2025
July 2025
April 2025
April 2025