India Auto PCB Market Growing on Rising Vehicle Production, Electrification


Reading time ( words)

India's automotive printed circuit board (PCB) market stood at $6.7 billion in 2018, and is projected to grow at a compound annual growth rate (CAGR) of 13% to reach $16 billion by 2024, on the back of rising vehicle production and increasing application of electronic components in automotive industry, according to a new report by TechSci Research.

The changing government vehicle norms towards vehicle safety standards along with rising cases of road accidents is further positively influencing India’s automotive PCB market.

Moreover, growing penetration of Internet of Things in automotive industry and surging demand for electric vehicles is anticipated to fuel growth in the country’s automotive PCB market in the coming years.

Share

Print


Suggested Items

Perspectives on Supply Chain Ripples

03/13/2019 | Nolan Johnson, I-Connect007
The ripples start at the very front of the process when the engineering and design team make their first choices about the performance characteristics for their project, then select components to fit their performance windows.

Atotech at HKPCA on Announcements and Advancements

01/21/2019 | Edy Yu, I-Connect007
Edy Yu, managing editor for PCB007 China, caught up with Daniel Schmidt, Atotech’s director of global marketing, during the 2018 HKPCA and IPC Show in December. Edy and Daniel discussed Atotech’s new announcements at the show including their new solutions for 5G, high-speed, and high-frequency applications, and more.

Catching Up with Artnet Pro

01/18/2019 | Dan Beaulieu, D.B. Management Group
I recently caught up with my old friend Meir Polack, co-owner with Rony Hod of Artnet Pro, which is a high-tech equipment sales and service company with offices in the U.S., China, and South America. We discussed a new line of direct imaging equipment called Altix (also the name of the company).



Copyright © 2019 I-Connect007. All rights reserved.