Increasing automobile production and rising government rules and regulations towards vehicle safety to drive India automotive PCB (printed circuit board) through FY2024
to TechSci Research report, “India Automotive PCB (Printed
Circuit Board) Market By Vehicle Type, By Application, By Sidewise, By Demand
Category, Competition, Forecast & Opportunities, FY2024”, India
automotive PCB (printed circuit board) market is projected to cross $ 16 billion
by 2024 on account of rising automobile production and sales, increasing adoption
of electronic components in vehicles and growing penetration of electric
vehicles across the country.
Additionally, government of India is focusing on more stringent safety
standards in vehicles to reduce rising cases of road accidents. For instance,
the government has mandated the use of ABS, Airbags, etc., in vehicles, which
is further anticipated to
compliment India automotive PCB (printed circuit board) market over the next five
Browse 55 market data Figures and Tables spread
through 90 Pages and an in-depth TOC on“India Automotive PCB Market”
vehicles, passenger car segment dominated India automotive PCB (printed circuit
board) market with more than 60% market share in FY2018. Dominance of this
segment is led by increasing adoption of electronic components in passenger cars.
India automotive PCB market is witnessed to be largely concentrated in the North
region owing to the region’s high automotive production as major OEMs are
present in the North. Rising presence of various companies such as Continental Automotive Components India Pvt. Ltd, DENSO TEN
Limited, Rane TRW Steering Systems Limited, ROBERT BOSCH GmbH, Autoliv India
Private Limited, Panasonic Corporation, Visteon Corporation, Aptiv PLC,
Mitsubishi Electric Automotive India Pvt. Ltd, BorgWarner Cooling Systems India
Private Ltd., etc., and their increasing operations in India automotive
electronics components market is further anticipated to intensify competition
in India automotive PCB market over the next five years.
Customers can also request for 10% free
customization on this report.
adoption of smart electronic components in vehicle dashboards, even in
two-wheeler segment, and rising inclination towards electric vehicles is
pushing demand for automotive PCB (printed circuit board) market in India.
Moreover, growing penetration of smart phones and internet, which is resulting in
surging demand for smart and connected vehicles in India, is further expected
to back the growth of India automotive PCB (printed circuit board) market during
the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Automotive PCB (Printed Circuit Board) Market By Vehicle Type, By Application, By Sidewise, By Demand Category, Competition, Forecast & Opportunities, FY2024” has analyzed the potential of India automotive PCB market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India automotive printed circuit board market.
About TechSci Research
TechSci Research is a leading global
market research firm publishing premium market research reports. Serving 700
global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing innovative
research solutions and tracking global and country specific high growth markets
helps TechSci clients to lead rather than follow market trends.