Flexible Printed Circuit Board (FPCB) Global Market – Overview
The global flexible printed circuit board market is growing at the rapid pace owing to growing demand of small & flexible electronics product, growing advancement in conductive materials, growing market of disposable electronics, and growing advancement in technology such as IOT (internet of things) and wearable device market among others. According to a recent study report published by the Market Research Future, The global flexible printed circuit board market is booming and expected to gain prominence over the forecast period. global Flexible Printed Circuit Board Market will exhibit a strong CAGR of 12.6% from 2018 to 2023
The rise in demand for small, flexible electronics will be an important trend in the market. Another trend expected to hold a positive influence on market, includes growing use of flex circuits in electronic wearable. Further, emerging interest in polymer plastic solar cells and flexible smartphones will create a plethora of opportunities for key market players in near future. An emerging trend of disposable electronics will also support market growth over the next few years. FPCB manufacturers are likely to encounter with a number of opportunities in healthcare sector.
The increase in demand of consumer electronics product fuel the global FPCB market. Maintenance of compact nature of the device along with optimum wirings for interconnectivity is the major challenge faced by the mobile market. To overcome this barrier, majority of mobile manufacturers focus on more efficient flexible PCBs solutions. FPCBs are applicable in consumer electronics such as mobile phones, LCD display, connectivity antennas, and flexible circuitry used in rechargeable batteries. With rise in demand and production of these devices, the market growth is projected to increase. FPCBs provide significant interconnectivity solutions for such electronic devices.
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Key Players:
Career Technologies, bhflex Co. Ltd., Sumitomo Electric Industries Ltd., Flexible Circuit, Interflex Co. Ltd., Fujikura Ltd., Nitto Denko Corporation, MFS Technology, Daeduck GDS Co. Ltd., and Zhen Ding Tech
Market Segmentation:
- By type, the global flexible printed circuit board market has been segmented into multilayer flex, double-sided flex, rigid flex, and single-sided flex. The multilayer flex segment has been forecasted to exhibit tremendous growth and surpass a valuation of USD 10,000 Mn by 2023-end. The growth is primarily attributable to increasing applications in the aerospace & defense industry.
- By application area, the flexible printed circuit board market has been segmented into consumer electronics, wearables, aerospace & defense, medical devices, manufacturing, automotive, and others. The consumer electronics segment is poised to demonstrate a steep rise in the growth curve over the next couple of years. In addition, the manufacturing segment is anticipated to scale a CAGR of 11.7% over the projection period.
Regional Analysis:
By region, the global flexible printed circuit board market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific currently accounts for around accounted for 52.7% market share in 2017 and was valued at over USD 7,400 Mn. It is forecasted to thrive substantially over the review period at a CAGR of 12.2%. The rapid developments in the consumer electronics industry is prognosticated to support the expansion of the flexible printed circuit board market in the region. Also, the expansion of production levels witnessed among the key players based out of China, Japan, and Taiwan is anticipated to drive market growth. North America is placed at the second position in the global marketplace. It was valued at USD 3,316.51 Mn in 2017 and is presumed to strike a CAGR of 14% between 2018 and 2023.
Industry News:
In April 2019, the U.K.-based company Trackwise has completed the shipment of 26-meter (280′) long multilayer flexible printed circuit (FPC) which is claimed to be longest ever produced.
In March 2019, China’s Fuyang Technology has joined supply chain of Apple, an American multinational technology company, for Flexible PCB (printed circuit board).
In January 2019, PCB Solutions, a printed circuit board manufacturer and supplier, has unveiled its division for engineering services to customers for assisting designing, engineering, and laying out products for PCB production.
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Intended Audience
- Semiconductor manufacturers
- Professional Services/Solutions Providers
- Research Organizations
- Associations, Forums, and Alliances
- Technology Integrators
- OEM Manufacturers
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