Why Flexible Printed Circuit Board Market is growing rapidly? Fujikura Automotive America, LLC., Nitto Denko Corporation, Sumitomo Electric

An in-depth understanding of the Flexible Printed Circuit Board Market has been provided in this research study. The report analyses the Flexible Printed Circuit Board Market in terms of numerous parameters, such as growth drivers influencing the commercialization graph of this business space, industry insights, global trends characterizing the industry, and market segmentation.

The rising vehicle production and the increase in usage of modern technology in the automotive industry have resulted in the increased demand for these PCBs. Moreover, rising disposable incomes and the willingness to own luxury vehicles with innovative features are driving the adoption of these boards. Several automotive manufacturers are focusing on introducing advanced safety and lighting features to attract customers. For instance, AUDI AG offers advanced and camera-based lighting assistance systems for its vehicles, which reduces glare during traffic, improves visibility, and increases safety. With such technological advancements and development of connected cars, the demand for more powerful, strong, and advanced boards will increase. Moreover, the rising government vehicle standards toward vehicle safety and the rising number of road accidents are positively impacting the flexible printed circuit board market growth.

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In the flexible printed circuit board market, the demand for double-sided PCBs is projected to grow in the coming years. These boards provide the ability to access circuit traces from the top & bottom sides of the circuit, offering greater flexibility in design and functionality. In addition, they offer several benefits such as reduced wiring errors, elimination of mechanical connectors, robust operating temperature range, unparalleled design flexibility, higher circuit density, improved reliability & impedance control, and size & weight reduction, resulting in the higher adoption of a wide range of applications. Several manufacturers offer customer-specific, specialist products by implementing complex printed circuit technologies to enhance the capabilities of these devices. For instance, Nitto Denko Corporation. offers ultra-thin double-sided FPC that provides low repulsion, high density, and finer pitch features due to its thin copper foil.

Technological advancements in the healthcare industry are encouraging companies to implement modern solutions, such as body temperature monitors, pacemakers, defibrillators & heart monitors, electrical muscle stimulation equipment, and thermometer, fueling the flexible printed circuit board market. The internal computer circuits for medical devices require circuits that can fit in a small area while remaining resistant to damage. Moreover, a PCB failure in devices could lead to critical health risks, increasing the need for reliable and long-lasting components. With the introduction of wearable devices in the medical industry, the demand for these circuits is increasing to ensure optimal performance of critical components.

The North American flexible printed circuit board market is anticipated to grow at a steady rate owing to the presence of established manufacturers such as Maxim Integrated, ON Semiconductor, Cirrus Logic, Inc., Texas Instruments, Inc., and Analog Devices, Inc., among others., offering products at low cost in the region. Moreover, these companies are focusing on strategic mergers and acquisitions to expand their place in the market. For instance, in June 2017, Compunetics, Inc., announced its merger with Circuits, LLC., a flexible PCB manufacturer located in Pennsylvania, U.S., to extend its PCB design & manufacturing capabilities and expand its product offerings.

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Key players in the flexible printed circuit board market are NOK Corporation, Multi-Fineline Electronix, Inc., Interflex Co., Xiamen Hongxin Electron-Tech Co., BHflex Co., Ltd., Fujikura Ltd, Nitto Denko Corporation, Zhen Ding Technology Holding Limited, Career Technology (MFG.) Co., Ltd., Newflex Technology Co., Ltd., Sumitomo Electric Industries, Ltd., Flexcom Inc, and MFS Technology, among others.

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