Market Synopsis
The global flexible printed circuit board market is expected to exhibit a strong 12.6% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global flexible printed circuit board market is expected to reach a valuation of USD 27.9 billion by 2023, according to the report. The report presents a detailed evaluation of the global flexible printed circuit board market’s historical growth trajectory and present condition, providing studied forecasts based on the market’s historical growth trajectory.
Leading players operating in the global Flexible Printed Circuit Board Market Manufacturers are also profiled in the report in order to provide readers with a complete overview of the market’s competitive landscape. Major drivers and restraints operating on the global flexible printed circuit board market are also examined in the report in order to evaluate their comparative impact on the global market. The impact of the COVID-19 pandemic on the global flexible printed circuit board market is also examined in detail in the report.
Flexible printed circuit boards are being widely used in flexible display devices in order to provide functionality in flexible displays. The growing demand for flexible display devices is likely to remain a major driver for the global flexible printed circuit board market over the forecast period. The growing consumer electronics industry has led to a growing demand for flexible displays as a result of extensive product innovation in the industry. Growing consumer demand for flexible devices is likely to remain a major driver for the flexible printed circuit board market over the forecast period. Flexible devices have become widely popular as a highly valued gimmick. In spite of flexible displays not providing any functional advantage over conventional displays, many consumers prefer flexible displays over conventional displays. The consumer electronics industry has been quick to make good on the promise in the flexible displays sector, developing several types of flexible devices in order to cater to the growing demand for the same.
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The growing consumer electronics industry is likely to remain a major driver for the global flexible printed circuit board market over the forecast period and beyond. Consumer electronics have grown in demand over the last few years due to the growing disposable income of urban consumers and the growing demand for high-value consumer electronics that can impart a certain class upon the consumers. Flexible display devices, being at the cutting edge of technology, are becoming highly popular among consumer electronics consumers. This is likely to drive the demand from the flexible printed circuit board market over the forecast period.
Market Segmentation:
The global flexible printed circuit board market is segmented on the basis of type, application, and region.
- By Type, the global flexible printed circuit board market is segmented into multilayer flex, rigid flex, double-sided flex, and single-sided flex. The multilayer flex segment holds a dominant share of more than 33% of the global flexible printed circuit board market and is likely to remain the dominant segment over the forecast period. The segment was valued at more than USD 5.2 billion in 2017.
- By Application, the global flexible printed circuit board market is segmented into consumer electronics, manufacturing, aerospace and defense, medical devices, automotive, wearables, and others. The consumer electronics segment holds a valuation of more than USD 5.3 billion as of 2017 and is likely to remain the leading revenue generator in the global flexible printed circuit board market over the forecast period.
Regional Analysis:
The global market for flexible printed circuit board market is projected to expand generously during the assessment period. The regional analysis of North America, Asia-Pacific, Europe, and the Rest of the World (RoW) has been performed. According to MRFR, the APAC region is likely to be the most lucrative and largest market during the assessment period. The region acquires more than 50% of the market share. Countries such as Taiwan, China, and South Korea are projected to make the most substantial contribution in flourishing the regional market. APAC is also chosen as one of the most ideals region to invest. Besides, China is one of the largest electronic manufacturing hubs in the world.
Further, there are several macro and microeconomic factors that are driving the regional market. As per the research, the second position is attained by North America. The region is predicted to expand at the highest CAGR during the review period. The market is estimated to hold a substantial value of USD 3,300 million. The region is estimated to flourish due to the presence of various established players. Europe and RoW are projected to grow significantly during the forecast period.
However, the market graph is estimated to change due to the outbreak of COVID-19. Various regions have been under the observation of lockdown.
Key Players:
Leading players in the global flexible printed circuit board market include Zhen Ding Tech, Daeduck GDS Co. Ltd., MFS Technology, Nitto Denko Corporation, Fujikura Ltd., Interflex Co. Ltd., Flexible Circuit, Sumitomo Electric Industries Ltd., bhflex Co. Ltd., and Career Technologies.
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Overview:As per the latest study conducted by Market Research Future (MRFR), the global flexible printed circuit board market is likely to surpass a valuation of USD 27,900 Mn by the year 2027.
They are being increasingly used in electronic devices across automotive, healthcare, consumer electronics among others.Flexible printed circuit board also known as flexible PCBs, flexible circuits and flex circuit.
They are used in circuitry and rigid printed components.
At the same time, integration of flexible-circuit laminates and thermal performance in electronic devices opening new windows of opportunities for flexible printed circuit boards.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1198Global Flexible Printed Circuit Board Market: Segmental AnalysisMRFR’s report includes an exhaustive segmental analysis of the market based on application area, type and region.
The growth of the segment can be primarily attributed to the widespread application of flexible circuits in electronic components such as laptops, printers, television sets, smartphones, and tablets.
Multi-layer flex circuits are highly advanced circuit system and find significant application opportunities in the aerospace & defense sector.Global Flexible Printed Circuit Board Market: Regional OutlookKey regions covered in the report include Asia Pacific, North America, Europe, the Middle East & Africa (MEA) and Latin America.
Flexible Printed Circuit Board to Stay Rumenarative throughout the forecast periodAdvancement in Technology have actualize urgency of Internet of Things (IoT) on a range of commodities.
Flexible Printed Circuit Board is one of the outstanding product.
From early applications during World War II to the present, growth and proliferation for flex circuits and flexible printed circuit boards continues exponentially.
A flexible circuit in its purest form is a vast array of conductors bonded to a thin dielectric film.This Market is Driven by rising insistence of Consumer Electronics and application of these board in Automotive Sector.
However the market may face Confrontation because of compelling nature of semi-conductors and electronics Industry in upcoming Decades.In 2016, the Global Market for flexible printed circuit boards stood at US$13.51 bn,If Statistics and Calculations are to be believed then this market will Garner Whooping amount of US$33.39 During the assessment period of 2017 to 2025 and a Rise of Remarkable CAGR of 11.0%.Trade for Multilayer Flex Circuits to Remain AthleticThe Categorization of Global market of Flexible Printed Circuit (Based on Product Type) is done into -sided flex circuits, double-sided flex circuits, multi-layer flex circuits, and rigid flex circuits.
In terms of revenue, the multi-layer flex circuits segment led the market in 2016 and is expected to maintain its influence over the coming decades.
Global Flexible Printed Circuit Boards Market, by Application (Medical, Automotive, Telecommunication, Consumer Electronics), by Component (Conductor, Adhesive, Insulator, Stiffener), by Type (Double-sided, Sculptured) - Forecast 2022Flexible Printed Circuit Board (FPCB) Global Market - OverviewThe global flexible printed circuit board market is growing at the rapid pace owing to growing demand of small & flexible electronics product, growing advancement in conductive materials, growing market of disposable electronics, and growing advancement in technology such as IOT (internet of things) and wearable device market among others.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1198The rise in demand for small, flexible electronics will be an important trend in the market.
Further, emerging interest in polymer plastic solar cells and flexible smartphones will create a plethora of opportunities for key market players in near future.
FPCB manufacturers are likely to encounter with a number of opportunities in healthcare sector.The increase in demand of consumer electronics product fuel the global FPCB market.
Maintenance of compact nature of the device along with optimum wirings for interconnectivity is the major challenge faced by the mobile market.
To overcome this barrier, majority of mobile manufacturers focus on more efficient flexible PCBs solutions.
