Global Flexible Printed Circuit Board (FPCB) Market Key Insights and Booming Factor Supporting Growth till 2026

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Flexible Printed Circuit Board (FPCB) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Flexible Printed Circuit Board (FPCB) market have been elaborated upon in the research report.

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With the increasing demand for smartphones, tablets, LCD screens, and other consumer electronic products, the global market for flexile printed circuit boards (FPCBs) is observing a high-paced rise. The aviation and the defense industries are also emerging as key end users of these boards, which is likely to support the growth of this market in the years to come.

The opportunity in this market is expanding at a healthy CAGR of 11.80% between 2018 and 2026, increasing from US$13.51 bn in 2017 and rising to US$38.27 bn by the end of 2026. The increasing awareness about the advantages of FPCBs in comparison with rigid or conventional PCBs is also projected to fuel the demand for them over the forthcoming years.

Multi-layer Flex Circuits to Report Strong Demand

The global market for flexile printed circuit boards is broadly analyzed on the basis of the type of the board and end user. Based on the type, the market is categorized into single sided flex circuits, double sided flex circuits, rigid flex circuits, and multi-layer flex circuits. Among these, the multi-layer flex circuits segment led the global market in 2017 with a share of 35.77% and is projected to remain on the top over the next few years.

By the application, the market is classified into the instrumentation and medical, computer and data storage, telecommunication, defense and aerospace, consumer electronics, automotive, and the industrial electronics sectors. The demand for FPCBs is comparatively higher in the consumer electronics industry and is expected to remain so in the near future.

Asia Pacific to Remain Dominant

The worldwide market for flexible printed circuit boards is also studied on the basis of the geography. North America (U.S, Canada, and Mexico), South America (Brazil and the Rest of South America), Europe (The U.K., Italy, France, Germany, and the Rest of Europe), Asia Pacific (Japan, China, India, South Korea, and the Rest of Asia Pacific), and the Middle East and Africa (the UAE, South Africa, and the Rest of Middle East and Africa) have surfaced as the key regional segments in this market.

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In 2017, Asia Pacific dominated the global market with a share of more than 56%. Researchers project this regional market to continue on the top in the years to come, thanks to the high-paced growth, fueled by the increasing demand for electronic products and the presence of a number of flexible printed circuit board manufacturers in this region.

Companies Mentioned in the Report

Some of the prominent players in the Flexible printed circuit board (FPCB) market includes Career Technology (Mfg.) Co., Ltd., Daeduck GDS., Flexcom Inc., Fujikura Ltd., Multi-Fineline Electronix, Inc. (MFLEX), Sumitomo Electric Industries, Ltd, Interflex Co. Ltd, NewFlex Technology Co., Ltd., Nitto Denko Corporation, NOK Corporation and many others. There is an intense competition among the major players in the flexible printed circuit board market.

The global flexible printed circuit board (FPCB) market is segmented as follows:

By Type

Single Sided Flex Circuits
Double Sided Flex Circuits
Multi-Layer Flex Circuits
Rigid Flex Circuits
Others
By End User

Instrumentation & Medical
Computer & Data Storage
Telecommunications
Defense & Aerospace
Consumer Electronics
Automotive
Industrial Electronics
Others
By Geography

North America
S.
Canada
Mexico
Europe
K.
Italy
Germany
France
Rest of Europe

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This release was published on openPR.