Asia-Pacific Dominated the GLOBAL FPCB MARKET with Highest Market Share From 2016 To 2024

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.

Major drivers of the global flexible printed circuit board market are technological advancements, growing demand for compact & flexible devices, and rising popularity for wearable devices. Though, lack of trained personal to operate and high initial costs may hamper the growth of the FPCB market. Additionally, growing applications in automated robots in automotive and healthcare sector would provide with growth opportunities in the coming years.

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Type, applications, and geography are the key segments of the global flexible printed circuit board market. Type segment includes multi-layer flex circuits, single sided flex circuits, double sided flex circuits, rigid flex circuits and other types. Multi-layered flex circuits held for the largest market share in 2016, whereas rigid flex circuits expected to grow at a fastest CAGR during the forecast period 2016-2024. Moreover, application segment comprises instrumentations & medical, consumer electronics, computers & data storage, telecommunications, automotive, defense & aerospace, industrial electronics and others. Consumer electronics and instrumentations & medical dominated the applications segment with highest market share in 2016.

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North America, Europe, Asia-Pacific and Rest of the World (RoW) are the key geography sub segments of global FPCB market. Asia Pacific accounted for the largest market share in 2016. It is also expected to grow at fastest CAGR from 2016 to 2024. The growth is attributed to increasing penetration of smart devices, industrialization, and high adoption of sensors.
Major players operating in the market are Flexible Circuit Technologies, Inc., 3M Company, Interflex Co., Ltd., Nitto Denko Corp., Nippon Mektron, Ltd., LG Innotek, Zhen Ding Technology Holding Limited Sumitomo Electric Industries, Ltd., Fujikura Ltd., and MFS Technology Ltd, among others.

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Scope of Flexible Printed Circuit Board Market

Type Segments

• Single Sided Flex Circuits
• Double Sided Flex Circuits
• Multi-Layer Flex Circuits
• Rigid Flex Circuits
• Others

Application Segments

• Instrumentations & Medical
• Computers & Data Storage
• Consumer Electronics
• Automotive
• Telecommunications
• Defense & Aerospace
• Industrial Electronics
• Others

Geography Segments

• North America
o US
o Canada
o Mexico

• Europe
o U.K.
o Italy
o Germany
o France
o Others

• Asia-Pacific
o India
o China
o Japan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

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Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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