Global Chip On Flex market is expected to grow from US $1437 Million in 2016 to US$ 1795 Million by 2021
Flexible printed circuit boards are also termed as Chip On Flex (COF). These printed circuits consists of a metallic layer of traces which are bound to a dielectric layer. Flexible circuit boards or COF also refers to the semiconductor assemble technology mounted. These circuits boards simplifies the process of designing and manufacturing of the product and also helps to improve the performance. Chip On Flex or Flexible printed circuit boards are widely being acceptable among various industries that includes electronic industry, aerospace, defense, healthcare, IT & Telecommunication and among others
Increasing need for small and flexible electronics and rapid technological progression for increasing the accuracy lead to be the major growth factor for the Chip On Flex market. This advancement in technologies leads to accurate designs and automated production, of flex circuits that helps to eliminate the human errors. These circuits’ boards can move without a failure. Whereas, small and flexible electronics are eventually found in applications in various current and existing markets that includes displays, sensors, lighting, biomedical implants, and radio frequency identification and among others. However in many cases, the combination of traditional semiconductor performance with a flexible substrate is attractive.
The global Chip On Flex market is expected to grow from US ~$1437 Million in 2016 to US~$ 1795 Million by 2021, at an estimated CAGR of 4.43%. Increased cost of raw materials in related industries like the electronic industry along with the highly complex configuration acts as a major restrains for the market of Chip On Flex.
The Global Chip On Flex Market has been segmented on the basis of types, applications and verticals.
• The Chip On Flex by type includes are one sided Chip On Flex and others.
• The applications comprises of static and dynamic flexing.
• The various verticals of Chip On Flex market are military, medical, aerospace, electronics and others.
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The prominent players in the market of Chip On Flex market are –
• LGIT corporation (U.S.),
• Stemko Group (Korea),
• Flexceed (Japan),
• Chipbond technology corporation(Taiwan),
• Danbond Technology Co. Ltd.(China),
• AKM Industrial Company Ltd.(China),
• Compass Technology Company Limited (Hong Kong),
• Compunetics Inc. (U.S.) and
• Stars Microelectronics Company Ltd (Thailand)
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• COF manufactures
• Industries such as aerospace, automotive, IT, industrial, and medical, among others
• Government institutions
• Research institutions
• Adhesive manufacturers
• Conductor and insulator manufacturers like silver, copper and others
Study Objectives of Global Chip On Flex Market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Chip On Flex market.
• To provide insights about factors affecting the market growth.
• To analyze the global Chip On Flex market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
The regional analysis of Chip On Flex market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. Asia pacific is expected to record highest growth rate owing to existence of large number of Chip On Flex manufacturers in china like Danbond Technology Co. Ltd, AKM Industrial Company Ltd.. Compass Technology Company and others. Asia pacific will be followed by Europe owing to increased adoption of new technologies especially in automobile sector. Wherein, North America owes to be one of developing region in the years to come. Companies like ChipMOS Technologies utilizing American depository for their research and development activities which further leads to mergers of various organizations to enhance the production capabilities in Chip On Flex market. Many well established firms such as AKM Industrial Company Ltd., Compunetics Inc.and others are increasing their sales area in the Europe region which will lead to the growth of Europe region in Chip On Flex market.
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