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Global Flexible Printed Circuit Board (FPCB) Market Is to Boost, Driven by Growing Popularity for Wearable Devices

07-25-2017 12:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

Variant Market Research

Variant Market Research

Global Flexible Printed Circuit Board (FPCB) Market is expected to reach $33 billion by 2024 from $15 billion in 2016, growing at a CAGR of 10.6% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 11.5% and 10.2%, respectively, during the forecast period.
Increasing demand for flexible and compact devices with coupled with growing popularity for wearable devices are the major factors supporting the growth of the market. Furthermore, expanding performance requirements is also fueling the market. Moreover, expanding performance requirement by end-users, and technological advancements are also anticipated to fuel the market. However, lack of trained personal to operate and high initial costs would restraints the growth of the FPCB market. Additionally, growing applications in automotive sector, healthcare, and automated robots would provide several growth opportunities in the upcoming years.

Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/flexible-printed-circuit-board-market

The global flexible printed circuit board market is categorized into type, applications, and geography. By type, the FPCB market is segregated into double sided flex circuits, single sided flex circuits, rigid flex circuits, multi-layer flex circuits, and others. Multi-layered flex circuits accounted for the largest market share in 2016, however rigid flex circuits dominated the segment with fastest CAGR during the forecast period 2016-2024. Moreover, application segment comprises consumer electronics, instrumentations & medical, automotive, industrial electronics, computers & data storage, telecommunications, defense & aerospace, and others. Instrumentations & medical and consumer electronics dominated the applications segment with highest market share in 2016.

Get Free Sample of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/flexible-printed-circuit-board-market/sample-request

Geographically, the FPCB market is segregated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific accounted for the largest market share in 2016 and is expected to grow at fastest CAGR during the forecast period 2016-2024, driven by the increased penetration of smart devices, high adoption of sensors, industrialization, and presence of numerous semiconductor manufacturers. North America accounted for the second largest market share in 2016, owing to emerging trends of polymer solar cells and disposable electronics.
The major key players operating in the market are Nippon Mektron, Ltd., 3M Company, Interflex Co., Ltd., LG Innotek, Flexible Circuit Technologies, Inc., Sumitomo Electric Industries, Ltd., Fujikura Ltd., Zhen Ding Technology Holding Limited, Nitto Denko Corp., MFS Technology Ltd, among others.

About Variant Market Research:
Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."

The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, "We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry." We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company's future ahead with our support and your esteemed cooperation.

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