Worldwide Market Flexible Printed Circuit Boards Stood at $13.51 bn Impressive CAGR of 11.0% Between 2017 and 2025

Market Research Reports Search Engine (MRRSE) has included a new study titled, “Flexible Printed Circuit Board (FPCB) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” to its huge archive of research reports. The emergence of Internet of Thing (IoT) across the world has had a substantial influence on a variety of products and markets, of which the global flexible printed circuit board market is a prominent one. With the increasing penetration of smartphones, tablets, and laptops, the demand for flexible printed circuit boards has increased significantly, leading to a remarkable rise in the market’s valuation. Apart from this, the soaring demand for consumer electronics and rising uptake of these boards in automotive applications are also boosting this market considerably. However, the market may face challenges from the dynamic nature of the semiconductors and electronics industry over the forthcoming years.

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The worldwide market for flexible printed circuit boards stood at US$13.51 bn in 2016. Rising at An impressive CAGR of 11.0% between 2017 and 2025, the market is likely to offer an opportunity worth US$33.39 bn by the end of 2025.

Demand for Multi-layer Flex Circuits to Remain Strong

Based on the product type, the global market for flexible printed circuit boards has predominantly been categorized into single-sided flex circuits, double-sided flex circuits, multi-layer flex circuits, and rigid flex circuits. Apart from these, sculpted flex circuits, single layered flexible circuits, and double access flexible circuits are also prominent types of flexible printed circuit boards available in this market.  In terms of revenue, the multi-layer flex circuits segment led the market in 2016 and is expected to maintain its dominance over the next few years.

The rigid flex circuits segment, on the other hand, is expected to offer most promising growth opportunities to market players in the years to come, thanks to the rising demand for portable electronic devices in various economies, such as China, India, Japan, the U.K., the U.S., Germany, and Singapore.

The report covers the analysis and forecast of the flexible printed circuit board (FPCB) market on a global and regional level. The study provides historic data of 2016 along with the forecast for the period between 2017 and 2025 based on revenue (US$ Bn). A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the preview of the report. Additionally, the report includes potential opportunities in the flexible printed circuit board market on the global and regional level. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2017-2025, along with offering an inclusive study of the flexible printed circuit board market.

The report provides the size of the flexible printed circuit board market in 2016 and the forecast for the next nine years up to 2025. The size of the global flexible printed circuit board market is provided in terms of revenue. Market revenue is defined in US$ Bn. The market size and forecast for each type and end user segment are provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types. Market dynamics prevalent in North America, Europe and Asia-Pacific have been taken into account for estimating the growth of the global market.

Global Flexible Printed Circuit Board (FPCB) Market: Research Methodology

Market estimates for this study have been based revenue being derived through regional pricing trends. Demand for flexible printed circuit board has been derived by analyzing the global and regional demand for flexible printed circuit board in each application for its respective functions. The global flexible printed circuit board market has been analyzed based on expected demand. Average selling price of flexible printed circuit boards in the major countries have been taken into consideration to estimate regional and global revenue. Forecasts have been based on the expected demand from flexible printed circuit board’s application in different end user sector. We have used the bottom-up approach to estimate the global revenue of flexible printed circuit board market, split into regions.

We have initially determined the price in every region for the flexible printed circuit board market. Revenue has been determined with the help of usage trend, production volume and price derived from every region. Based on type and end user, we have summed up the individual revenues from all the regions to achieve the global revenue for flexible printed circuit board. The end user split of the market has been derived using a bottom-up approach for each regional market separately, with the global end user segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of flexible printed circuit board of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.

Global Flexible Printed Circuit Board (FPCB) Market: Segmentation

The study provides a detailed view of the flexible printed circuit board market by segmenting it based on type and end user. On the basis of type, the flexible printed circuit board market has been further segmented into single sided flex circuits, double sided flex circuits, multi-layer flex circuits and rigid flex circuits among others. Others FPCB segment includes sculpted flex circuits, single layered flexible circuits, and double access flexible circuits among others.

On the basis of end user, the flexible printed circuit board market is segmented into instrumentations and medical, computers & data storage, telecommunications, defense & aerospace, consumer electronics, automotive, industrial electronics and others. Others end user segment includes retail business, display, and packaging among others.

Regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual type and end user in all regions.

Global Flexible Printed Circuit Board (FPCB) Market: Competitive Analysis

The competitive profiling of the key players in the global flexible printed circuit board market across five broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments as in the field of flexible printed circuit board.

The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report are Career Technology (Mfg.) Co., Ltd., Daeduck Gds Co., Ltd., Flexcom Inc., Fujikura Ltd., Multi-Fineline Electronix, Inc. (MFLEX), Sumitomo Electric Industries, Ltd., NewFlex Technology Co., Ltd., Nitto Denko Corporation, and NOK Corporation among others..

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Asia Pacific to Maintain Lead in Global Flexible Printed Circuit Boards Market

The Middle East and Africa, Asia Pacific, North America, Latin America, and Europe have been considered as the key regional markets for flexible printed circuit boards across the world. Asia Pacific led the global market with a share of 56% in 2016 and is likely to retain its position over the next few years. The increasing penetration of smart devices, swift development of industrial infrastructure that supports integration of process automation, rising adoption of sensors in automobiles, and escalating investments in communication technologies are driving the growth of the Asia Pacific market for flexible printed circuit boards.  In addition to this, the rise in large scale investments in flexible printed circuit board manufacturing technology - Asia Pacific is a massive hub for semiconductor manufacturers - is anticipated to boost this regional market in the near future.

North America, which was the second leading market for flexible printed circuit board in 2016, across the world, is also projected to witness significant growth in its market share over the forthcoming years, thanks to the rising demand for consumer electronics, smart automotive applications, state-of-art healthcare devices, and process automation systems in the power, and the oil and gas sectors are expected to propel the North America flexible printed circuit board market in the years to come.

NOK Corp., Nitto Denko Corp., NewFlex Technology Co. Ltd., Interflex Co. Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc., Fujikura Ltd., Flexcom Inc., Daeduck GDS, and Career Technology (Mfg.) Co. Ltd. are some of the key participants operating in the global market for flexible printed circuit boards.

The global flexible printed circuit board (FPCB) market has been segmented into:

By Geography

North America
S.
Canada
Mexico
Europe
K.
Italy
Germany
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America
By Type

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

Instrumentations and medical
Computers & Data Storage
Telecommunications
Defense & Aerospace
Consumer Electronics
Automotive
Industrial Electronics
Others

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