Flexible Printed Circuit Board Market Research Report- Global Forecast to 2030

Flexible Printed Circuit Board Market: By Type (Multilayer Flex, Rigid-Flex, Double-Sided Flex and Single-Sided Flex), By Application Area (Consumer Electronics, Manufacturing, Aerospace & Defense, Medical Devices, Automotive, Wearables and Others) - Forecast till 2030

ID: MRFR/SEM/0692-CR | February 2020 | Region: Global | 100 Pages         

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Flexible Printed Circuit Board Market

Flexible Printed Circuit Board Market Size is expected to reach USD 52.9 Billion at a CAGR of 10.1% during the Forecast period 2022-2030

Segmentation
By Type Multilayer Flex Rigid-Flex Double-Sided Flex and Single-Sided Flex
By Application Area Consumer Electronics Manufacturing Aerospace
Key Players
Companies Profiled   Nitto Denko Corporation    Zhen Ding Tech    bhflex Co. Ltd.    Interflex Co. Ltd.    Career Technologies    MFS Technology    Flexible Circuit    Daeduck GDS Co. Ltd.    Sumitomo Electric Industries Ltd. and Fujikura Ltd
Drivers
Market Driving Forces   Increasing Demand for Compact and Flexible Electronic Products.    Increased System Reliability.
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Flexible Printed Circuit Board Market Overview


As per the latest study conducted by Market Research Future (MRFR), the flexible printed circuit board market is likely to surpass a valuation of USD 52.9 Billion with a CAGR Of 10.1% by the year 2030. The printed circuit board is extremely efficient and has interconnectivity solutions that are adapted to be used for a wide range of electronic devices with modernized printed circuit board design. These circuit boards are made up of conductive material which is designed on a flexible substrate and is used to avoid the complex structuring of wiring and other connectivities. Printed circuit boards act as an efficient interconnectivity option between electric devices like capacitors, resistors, and integrated circuits. From FBCB market you will mark the demand and growth in the field of aerospace and engineering.


COVID 19 ANALYSIS


The outbreak of COVID has spread the virus globally and almost to every country. The global impact has brought an impact on the flexible printed circuit board market. It has slowed down the supply chain and has decreased consumer demand. It has created a panic situation among the public and deteriorated the business of the FPCB market.


The government has imposed indoor and outdoor lockdowns and strict restrictions regarding the movements. He has also imposed emergencies in the majority of the countries.


MARKET DYNAMICS


Drivers


Flexible printed circuit board materials are light in weight and economical. Its simple structuring and the printed circuit board design becomes the driving factor for the flexible printed circuit board market. It has reliable applications and has high packaging flexible options, and its quality performance projects up the flexible printed circuit board market. An increase in demand and producing consumer devices like mobile phones for users is advantageous for the expansion of flexible printed circuit board market.


Opportunities


Using the flexible printed circuit board material lessens the expenses and gives proper interconnectivity solutions to the flexible printed circuit board market. Flexible printed circuit boards are very much reliable and are the best replacement for traditional wiring methods.


Challenges


Maintenance of complexity of flexible printed circuit connector including other wirings and other electronic devices is the major challenging factor faced by the flexible printed circuit board market. The absence of complex wiring makes the printed circuit board compact thus becoming a challenging factor of the market. High price during the manufacturing process where copper foil, electrolytic solvents, and cobalt salts are used as flexible printed circuit board material increases the high price of the materials. The use of high-density interconnects is the most challenging factor of the FPCB market.


Cumulative Growth


Printed circuit board manufacturers are especially concentrating on finding the solutions for PCBs. these printed circuit board designs are purposefully used in consumer electronics namely cell phones, LCDs, connectivity devices, and flexible circuitry used for rechargeable batteries. With an increase in demand and production, the flexible printed circuit board market PCBs have many advantages like enhancing performance and flexibility, increasing the market size and growth.


Restraints


If incase in FPCB market the components so used if costs high thus hindering the growth of FPCB market. Its circuit layout and the printed circuit board design should be less expensive if you want to promote the growth of the market.


VALUE CHAIN ANALYSIS


By the supply chain, from the printed circuit board manufacturers through the intermediaries better understanding of manufacturing and production process was understood better. The supply chain determines the importance of various stakeholders who contribute a major role in elaborating the growth of the market. The supply chain also helps in analyzing the influence of various suppliers and buyers on the FPCB market.


SEGMENT OVERVIEW


By Type


The flexible printed circuit board market is split up based on type, end-user, and geography. Based on product type, the flexible printed circuit board market is bifurcated into a single-sided flexible circuit board, double-sided flexible printed circuit board, multilayer flexible printed circuit board, and rigid-flex flexible printed circuit board, and many more. Based on end-user, the market is categorized into consumer electronics, automotive electronics, industrial flexible printed circuit connectors, and many more. Based on flexible printed circuit board market analysis, the flexible circuit board market based on geographical region is classified in the regions of North America, Europe, Asia-Pacific, and LAMEA. It is noted that the region of Asia Pacific covered a large area and the largest share of flexible printed circuit board market thus owing to the increase in demand for semiconductors and other portable devices.


By Technology


Printed circuit board manufacturers take the help of technology to produce modernized flexible printed circuit board connectors and other electronic components. With the help of innovative technology, flexible circuit boards were discovered which was highly advantageous for the market. Such benefits include correcting the wiring errors, rectifying the complexity of the circuit, operating temperature, and weight. The developing fabricating technology helped in monitoring health and the growth of navigation displays was marked. Growth in the telecom and IT sector was marked. Along with the rising demand for high-speed data processing is increasing the need for flexible benefits. Technological advancement was also marked in electrical connectivity. Technology showed positivity and brought a revolution in the printed circuit board (PCB) market. Technology is also used in various application fields like camcorders, heart monitors, and pacemakers. Modernization of flexible printed circuit board materials was marked.


REGIONAL ANALYSIS


FPCB market sheds light on the regions of North America, Germany, France, United Kingdom, Russia, and China. The Asia Pacific region shows steady growth from 2019. People in this area are adopting the latest technology and using their investment in designing flexible printed circuit boards. China, India, and Japan are some of the countries where the rise in demand for printed circuit boards is high. The growth also took place in the region of the Middle East, Europe, Africa, Europe, and some other geographical regions.


COMPETITIVE LANDSCAPE


The key players have adopted the partnership and have started merging with other players to expand their customer base and increase their flexible printed circuit board market share. It provides comprehensive competitive analysis and company profiles of major market players like Nippon Mektron ltd, Interflex Co Ltd, Sumitomo Electric Industries Ltd, Career technology, Fujikura Ltd, Nitto Denko Corporation, Career technology, Multi-Fineline Electronix, ICHIA Technologies Inc, Flexium Interconnect Inc., Zhen Ding technology holding ltd, are operating in the printed circuit board(PCB) market. The report gives a good analysis of the FCBs market and evaluates the investment pockets. It gives good analysis about the market trends and gives good future estimations which gives good determinations about the market potential and which helps in gaining profit. A company dealing with electrical solutions has worked for years for discovering such components which will help in developing rigid-flex in the cognitive systems. This helps in detecting the response of the human brain towards stimuli.


REPORT OVERVIEW


The report provides an in-depth analysis of the market overview of the flexible printed circuit market board. It also gives information about the printed circuit board manufacturers and assists the market players to give high priority to the market segmentation which gives high returns during the upcoming years. It gives information about the printed circuit board manufacturers focusing on the manufacturing of innovative products. It provides detailed information about the drivers, restraints, challenges, and opportunities prevailing in the market. The report summarizes the market trends and the strategic plans put forward by various stakeholders.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 52.9 Billion
  CAGR   10.1%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application Area
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Nitto Denko Corporation, Zhen Ding Tech, bhflex Co. Ltd., Interflex Co. Ltd., Career Technologies, MFS Technology, Flexible Circuit, Daeduck GDS Co. Ltd., Sumitomo Electric Industries Ltd. and Fujikura Ltd
  Key Market Opportunities   Integration of flexible-circuit laminates and thermal performance in electronic devices.
  Key Market Drivers

  • Increasing Demand for Compact and Flexible Electronic Products.
  • Increased System Reliability.


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    Frequently Asked Questions (FAQ) :

    It is projected that the Global Flexible Printed Circuit Board Market will exhibit a strong CAGR of 10.1% from 2022 to 2030. The report covers some of the most important elements of the market. Market dynamics such as growth opportunities, trends, and challenges are thoroughly discussed in the report.

    Flexible Printed Circuit Board Market Size to Expand at a Notable CAGR Of 10.1% During 2022 - 2030. Global Flexible Printed Circuit Board Market is likely to surpass a valuation of USD 52.9 Billion by the year 2030.

    Flexible electronics are increasingly being used in industrial applications such as glucose meter testing in the healthcare sector and navigation and cameras in the automotive industry.

    The segmental analysis of the global flexible printed circuit board market is conducted on the basis of type, application area, and region.