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Flexible Printed Circuit Board Market Size Forecasted To Achieve $42.92 Billion By 2029 With Steady Growth
Flexible Printed Circuit Board Market Size
What Is the Flexible Printed Circuit Board Market Size and Projected Growth Rate?
Over the last several years, the size of the flexible printed circuit board market has witnessed immense growth. The current prediction points towards a market size surge from $26.2 billion in 2024 to $28.91 billion in 2025, signifying a compound annual growth rate of 10.3%. Several key driving forces have attributed to this historic growth, including the rise in demand for miniature circuitry due to the miniaturization of electronic devices, the consumer- electronics boom has increased flexible PCBS request, innovations in the field of medical devices of flexible and space-efficient circuitry, applications in military and aerospace for lightweight and robust PCBS, as well as the demand in industrial automation for flexible PCBS.
In the coming years, the flexible printed circuit board market is projected to undergo swift expansion, with an anticipated valuation of $42.92 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.4%. Several factors contributing to this predicted growth during the forecast period include the increasing popularity of foldable devices, growth in the electric vehicles (EVS) market, heightened usage of flexible PCBS, a surge in demand for healthcare wearables, and flexible PCBS in medical devices. The advent of smart packaging solutions that incorporate flexible PCBS for electronic elements, and the proliferation of AI applications across multiple industries further bolster this growth. Key trends for the forecast period encompass a heightened patronage of internet of things (IoT) devices, an upsurge in foldable and flexible display technologies, a focus on miniaturization in electronic devices, and a boom in the integration of automotive electronics. The forecast period also underscores progress in material and manufacturing technologies.
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What Are the Major Segments in the Flexible Printed Circuit Board Market?
The flexible printed circuit board market covered in this report is segmented -
1) By Type: Single-Sided FPCBs, Double-Sided FPCBs, Multilayer FPCBs, Rigid-Flex FPCBs, Other Types
2) By Laminate: FR-4Polyamide, Composite Epoxy Material Grade-1, Paper, Other Laminates
3) By End User: Industrial Electronics, Aerospace And Defense, Information Technology And Telecom, Automotive, Consumer Electronics, Other End Users
Subsegments:
1) By Single-Sided FPCBs: Flexible Single-Sided Circuit Boards, Single-Sided Adhesive FPCBs
2) By Double-Sided FPCBs: Flexible Double-Sided Circuit Boards, Double-Sided Adhesive FPCBs
3) By Multilayer FPCBs: Rigid Multilayer FPCBs, Flexible Multilayer Circuit Boards
4) By Rigid-Flex FPCBs: Rigid-Flex Circuits With Embedded Components, Rigid-Flex Circuits With Conventional Components
5) By Other Types: High-Frequency FPCBs, Heat-Resistant FPCBs, Ultra-Thin FPCBs, Biodegradable FPCBs
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What Are The Driving Flexible Printed Circuit Board Market Evolution?
The growth of the flexible printed circuit board market is anticipated to be driven by the rising uptake of electric vehicles. Electric vehicles (EVs), which operate on one or more electric motors, use flexible printed circuit boards (FPCBs) to effectively connect and manage electronic components within confined spaces, thereby improving reliability and efficiency. For example, sales of electric cars in 2023 were 3.5 million higher than the previous year, marking a 35% annual increase, according to data provided by the International Energy Agency (IEA), an autonomous intergovernmental organization based in France. Hence, the expanding use of electric vehicles is propelling the flexible printed circuit board market's growth.
Which Firms Dominate The Flexible Printed Circuit Board Market Segments?
Major companies operating in the flexible printed circuit board market report are 3M Company, Jabil Inc., Flex Ltd., Nitto Denko Corporation, Samsung Electro-Mechanics Co. Ltd., Zhen Ding Technology Holding Limited, Fujikura Ltd., NOK Corporation (Nippon Mektron Ltd.), Molex LLC, TTM Technologies Inc., Tripod Technology Corporation, Austria Technologies & Systemtechnik Aktiengesellschaft, FLEXium Interconnect Inc., Multi-Fineline Electronix Inc., Cicor Group, Interflex Co. Ltd., ICHIA Technologies Inc., NewFlex Technology Co. Ltd., IEC Electronics Corp., Eltek Ltd., Career Technology Mfg. Co. Ltd., Sumitomo Electric Industries Ltd., Multek Corporation, Daeduck GDS Co. Ltd., Flexcom Inc.
What Trends Are Expected to Dominate the Flexible Printed Circuit Board Market in the Next 5 Years?
Leading corporations in the flexible printed circuit board market are strategically innovating and developing new products like ultra-slim semiconductor bases to boost their market profits. These ultra-slim semiconductor bases integrated into flexible printed circuit boards facilitate higher flexibility, downsizing, and enhanced electrical functionality in a range of electronic gadgets. For example, LG Innotek Co. Ltd., an electric component manufacturing firm based in South Korea, unveiled the 2-metal chip on film (COF) in February 2023. Equipped with more than 4,000 dual-sided circuits and 24-micrometer microvias, this sophisticated COF accelerates signal transmission and accommodates higher-resolution screens. Moreover, its flexibility and slimness promote compactness in electronic device designs.
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Which Is The Largest Region In The Flexible Printed Circuit Board Market?
Asia Pacific was the largest region in the flexible printed circuit board market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible printed circuit board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flexible Printed Circuit Board Market?
2. What is the CAGR expected in the Flexible Printed Circuit Board Market?
3. What Are the Key Innovations Transforming the Flexible Printed Circuit Board Industry?
4. Which Region Is Leading the Flexible Printed Circuit Board Market?
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