India’s bare PCB manufacturing set for 45% CAGR surge

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India’s domestic manufacturing of bare printed circuit boards (PCBs) is poised to expand at a compound annual growth rate of 45% through FY29, driven by demand from the electronics industry, government incentives and a shift toward high-value complex PCBs, Avendus Capital said in a report.

The bare PCB market in India currently is worth $5 billion, with an 88% import dependence. Domestic production is expected to expand from $0.6 billion in fiscal 2024 to $3.8 billion by FY29, reducing the dependence on supplies from abroad to 69%, the financial…



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India’s bare PCB manufacturing set for 45% CAGR surge



India’s domestic manufacturing of bare printed circuit boards (PCBs) is poised to expand at a compound annual growth rate of 45% through FY29, driven by demand from the electronics industry, government incentives and a shift toward high-value complex PCBs, Avendus Capital said in a report.

The bare PCB market in India currently is worth $5 billion, with an 88% import dependence. Domestic production is expected to expand from $0.6 billion in fiscal 2024 to $3.8 billion by FY29, reducing the dependence on supplies from abroad to 69%, the financial…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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