Global Flexible Printing Circuit Boards Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Flexible Printing Circuit Boards Market” is an upcoming report by MarketResearch.biz. The global flexible printing circuit boards market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue will be presented in a manner that ensures clear understanding. The analysis is conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to determine various aspects of the flexible printing circuit boards market. The global flexible printing circuit boards market report is segmented on the basis of type, end-use, and regions and countries.
Flexible printed circuits or flex circuits were originally designed as a replacement for conventional wire harnesses. It is a technology that is used for assembling electronic circuits by mounting electronic devices on flexible plastic substrates such as polyimide or transparent conductive polyester. They declutter the overall assembly design by restricting the requirement for wires, and as such, are lightweight and easy-to-install in a range of electronic devices.
Miniaturization of printed circuit boards, development of green printed circuit boards, and features such as quality performance and packaging flexibility are slated to positively influence growth of the global flexible printed circuit boards market. Owing to the effective interconnectivity offered by Flexible Printed Circuit Boards (FPCBs), use in complicated circuitry has been increasing, and this coupled with various technological advancements has been resulting is increasing use in the electronics industry. This is expected to positively influence growth of this market over the next ten years. FPCBs have excellent control performance and electric induction, which is steadily increasing adopted in electronics. In addition, manufacturers are investing in developing highly efficient FPCBs. Manufacturers in countries in North America and Europe face robust competition from companies operating in emerging economies due to availability of low labor and set-up costs, easy availability of raw materials, and ability for these manufacturers to produce low-cost products.
The global flexible printed circuit boards market, in terms of type, is segmented into double-sided PCBs, single-sided PCBs, rigid-flex PCBs, and multi-layered PCBs. Revenue from the multilayer circuit segment is slated to expand at a higher CAGR in the coming years. The density of multilayer PCBs is high, which makes these more efficient and durable. In 2018, the double-sided PCB segment accounted for a majority of the revenue share. These PCBs are designed to enables access to circuit traces from both the bottom and top of the circuit, which allows for better design flexibility.
FPCBs are utilized in electronics across various industry verticals such as industrial electronics, automotive, consumer electronics, aerospace & defense, and IT & telecom among several others. Driven by increasing demand for flexible displays for application in tablets, smartphones, and PCs, revenue from the consumer electronics segment is projected to register a considerably high CAGR in the foreseeable future.
The IT & telecom segment accounted for a significant revenue share in the global FPCB market in 2018. Rising demand for efficient FPCBs rather than rigid printed circuit boards can be attributed to the need for high-speed electronic circuits due to advancements in technologies and the advent of 5G and artificial intelligence. Another factor driving increasing preference for FPCB deployment in remote control equipment, avionics, and safety equipment as these are lightweight.
The Asia Pacific (APAC) market accounted for largest revenue share in the global flexible printed circuit boards market in 2018, as countries in this region are major bases for consumer electronics. Major investments by manufacturers operating in countries such as Taiwan, China, South Korea, and Japan for the production of FPCBs is expected to fuel growth of the APAC FPCB market.
Revenue from the market in North America is expected to increase steadily over the forecast period due to high demand from aerospace and military industries in countries in the region. Moreover, increasing requirement in Europe for automotive electronics is positively influencing the FPCB market.
Global Flexible Printing Circuit Boards Market Segmentation:
Global Flexible Printing Circuit Boards Market Segmentation, by Type:
- Single-Sided Circuits
- Double-Sided Circuits
- Multilayer Circuits
- Rigid-Flex Circuits
Global Flexible Printing Circuit Boards Market Segmentation, by End-use:
- Industrial Electronics
- Aerospace & Defense
- IT & Telecom
- Consumer Electronics
Global Flexible Printing Circuit Boards Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Benchmark Electronics
- Cicor Management AG
- Eltek Ltd
- Flex Ltd
- IEC Electronics
- Jabil Inc.
- SigmaTron International Inc.
- SMTC Corp
- Sumitomo Electric Industries Ltd.
- TTM Technologies
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