PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218896
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218896
Flexible Printed Circuit Boards Market Forecasts to 2028 - Global Analysis By Type (Rigid-Flex Circuits, Single-Sided Circuits and Other Types), End User and Geography
According to Stratistics MRC, the Global Flexible Printed Circuit Board Market is accounted for $27.0 billion in 2022 and is expected to reach $54.4 billion by 2028 growing at a CAGR of 12.4% during the forecast period. Flexible Printed Circuit Boards are also known as flexible printed circuits. Flexible printed circuit boards are highly efficient interconnection solutions that are used for a wide range of electrical devices as well as complicated circuits. These flexible printed circuit boards consist of conductive material lines on a flexible substrate and are used to eliminate complex wiring and other connections. Flexible printed circuit boards are also used to efficiently link electrical components such as integrated circuits, capacitors, and resistors.
According to Invest India, the Indian government has allowed 100% FDI under the automatic route to boost local electronics production, which is in line with its commitment to reach USD 300 billion in electronics manufacturing and exports by 2025-2026.
Market Dynamics:
Driver:
Growth in demand for consumer goods
The main problem that the mobile market faces is maintaining the device's small nature while yet provides optimal cabling for interconnection. To overcome this barrier, the vast majority of mobile manufacturers are concentrating on more efficient flexible PCB solutions. FPCBs can be found in consumer electronics like as cell phones, LCD displays, connection antennae, and flexible circuitry in rechargeable batteries. The market is expected to grow more rapidly as a result of rising demand and manufacturing for these devices. For such electronic devices, FPCBs offer considerable interconnection solutions.
Restraint:
Higher material cost
Higher material cost of flexible printed circuit board, complex assembly process, damages due to environmental factors, and difficult to repair may hamper the market growth near future. Environmental factors affecting the flexible printed circuit board are moisture, static electricity, dust, fumes, extreme temperature, chemical exposure and pest exposure. Its circuit layout and the printed circuit board design should be less expensive to promote the growth of the market.
Opportunity:
Light in weight and economical
Flexible printed circuit board materials are lightweight and cost effective. Its simple structure and printed circuit board design become the driving factors for the flexible printed circuit board industry. It has dependable applications and great packing flexibility, and its quality performance propels the flexible printed circuit board market forward. The rise of the flexible printed circuit board market is aided by an increase in demand and the production of consumer gadgets such as mobile phones for customers.
Threat:
Maintenance of complexity of flexible printed circuit
The main challenge confronting the flexible printed circuit board market is the maintenance of the complexity of flexible printed circuit connectors, including other wirings and other electronic devices. The lack of intricate wiring makes the printed circuit board small, making it a market challenge. The high price of the materials is increased during the production process, where copper foil, electrolytic solvents, and cobalt salts are employed as flexible printed circuit board material. The most demanding aspect of the FPCB market is the utilisation of high-density interconnects.
COVID-19 Impact
The COVID-19 pandemic is predicted to have a short- and medium-term impact on the semiconductor and electronics industries, which is expected to have an influence on the flexible PCBs market. Furthermore, the shutdown has impacted the supply chain of electronic manufacturers, causing shipment delays. The situation with the corona virus is projected to impede the expansion of the consumer electronics industry, which will be followed by the automobile and industrial sectors. However, due to the COVID-19 epidemic, there is a halt in manufacturing, particularly among vehicle OEMs, causing large fluctuations in demand for electrical items.
The down-sided circuits segment is expected to be the largest during the forecast period
The down-sided circuits segment is estimated to have a lucrative growth, due to its lightweight, readily producible, and simple manufacturing qualities, double-sided flexible printed board technology is now the most prevalent type of printed circuit board. It has the greatest market share of the worldwide flexible printed circuit board market by type. A double-sided flexible printed circuit board comprises two conductive layers separated by a layer of polyimide insulation. The conductive layer's outer surfaces, like a copper pad, can be exposed or covered. Layers are often linked via plated through-holes, but other methods may be used. Many daily devices use double-sided PCBs.
The consumer electronics segment is expected to have the highest CAGR during the forecast period
The consumer electronics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the budding demand for flexible displays in smart phones, tablets, and PCs. Consumer electronics make people's lives more accessible, allowing them to be more linked than ever before. These include technologies for communication, making some elements of life easier and more accessible, and for enjoyment. Portable electronic gadgets are a rapidly increasing component of this market. Electronics play a significant role in daily life, from cell phones to GPS systems in automobiles. Buying the correct printed circuit boards (PCBs) for portable electronics applications is critical for producing functional, long-lasting goods that customers will prefer for years to come.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing integration of ADAS and vehicle safety features in automotive, as well as the increased penetration of consumer electronic devices and telecommunication products. The increased use of electric vehicles as a result of growing environmental concerns and laws is also projected to drive demand for FPC in the region. According to country, China is a significant market in Asia Pacific and contributed significantly to the region's market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the rising applications of the product in military and aerospace sector along with adoption of technology in the region. North America has a strong presence, owing to the high demand from the military and aerospace industries. Furthermore, the increasing adoption of technology is contributing considerably to regional market growth.
Key players in the market
Some of the key players profiled in the Flexible Printed Circuit Board Market include Kingboard Holdings Limited, Fujikura Ltd., Nitto Denko Corporation, Sumitomo Electric Industries, Ltd., Flex Ltd., TTM Technologies, NOK Corporation, ICHIA TECHNOLOGIES Inc., Interflex Co. Ltd., Career Technology (Mfg.) Co., Ltd., Zhen Ding Tech. Group Technology Holding Limited, IEC Electronics, Unimicron, Cicor Management AG. and Multi-Fineline Electronix, Inc.
Key Developments:
In April 2022, Cicor Group announced that the acquisition of SMT Elektronik GmbH located in Dresden (Germany) had been successfully completed. SMT Elektronik has an attractive and loyal customer base, which is predominantly related to Cicor's target markets of medical and industrial technology.
In September 2021, Zhen Ding Technology disclosed plans to pour CNY2.74 billion (US401.2 million) into establishing a new flexible PCB plant in Kaohsiung, southern Taiwan through its wholly-owned China subsidiary Avary.
Types Covered:
- Rigid-Flex Circuits
- Single-Sided Circuits
- Multilayer Circuits
- Double-Sided Circuits
- Other Types
End Users Covered:
- Aerospace and Defense
- Automotive
- Consumer Electronics
- Energy and Power
- Industrial Electronics
- Telecommunication
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Flexible Printed Circuit Boards Market, By Type
- 5.1 Introduction
- 5.2 Rigid-Flex Circuits
- 5.3 Single-Sided Circuits
- 5.4 Multilayer Circuits
- 5.5 Double-Sided Circuits
- 5.6 Other Types
6 Global Flexible Printed Circuit Boards Market, By End User
- 6.1 Introduction
- 6.2 Aerospace and Defense
- 6.3 Automotive
- 6.4 Consumer Electronics
- 6.5 Energy and Power
- 6.6 Industrial Electronics
- 6.7 Telecommunication
- 6.8 Other End Users
7 Global Flexible Printed Circuit Boards Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Kingboard Holdings Limited
- 9.2 Fujikura Ltd.
- 9.3 Nitto Denko Corporation
- 9.4 Sumitomo Electric Industries, Ltd.
- 9.5 Flex Ltd
- 9.6 TTM Technologies
- 9.7 NOK Corporation
- 9.8 ICHIA TECHNOLOGIES Inc.
- 9.9 Interflex Co. Ltd.
- 9.10 Career Technology (Mfg.) Co., Ltd.
- 9.11 Zhen Ding Tech. Group Technology Holding Limited
- 9.12 IEC Electronics
- 9.13 Unimicron
- 9.14 Cicor Management AG.
- 9.15 Multi-Fineline Electronix, Inc.
List of Tables
- 1 Global Flexible Printed Circuit Boards Market Outlook, By Region (2020-2028) ($MN)
- 2 Global Flexible Printed Circuit Boards Market Outlook, By Type (2020-2028) ($MN)
- 3 Global Flexible Printed Circuit Boards Market Outlook, By Rigid-Flex Circuits (2020-2028) ($MN)
- 4 Global Flexible Printed Circuit Boards Market Outlook, By Single-Sided Circuits (2020-2028) ($MN)
- 5 Global Flexible Printed Circuit Boards Market Outlook, By Multilayer Circuits (2020-2028) ($MN)
- 6 Global Flexible Printed Circuit Boards Market Outlook, By Double-Sided Circuits (2020-2028) ($MN)
- 7 Global Flexible Printed Circuit Boards Market Outlook, By Other Types (2020-2028) ($MN)
- 8 Global Flexible Printed Circuit Boards Market Outlook, By End User (2020-2028) ($MN)
- 9 Global Flexible Printed Circuit Boards Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
- 10 Global Flexible Printed Circuit Boards Market Outlook, By Automotive (2020-2028) ($MN)
- 11 Global Flexible Printed Circuit Boards Market Outlook, By Consumer Electronics (2020-2028) ($MN)
- 12 Global Flexible Printed Circuit Boards Market Outlook, By Energy and Power (2020-2028) ($MN)
- 13 Global Flexible Printed Circuit Boards Market Outlook, By Industrial Electronics (2020-2028) ($MN)
- 14 Global Flexible Printed Circuit Boards Market Outlook, By Telecommunication (2020-2028) ($MN)
- 15 Global Flexible Printed Circuit Boards Market Outlook, By Other End Users (2020-2028) ($MN)
- 16 North America Flexible Printed Circuit Boards Market Outlook, By Country (2020-2028) ($MN)
- 17 North America Flexible Printed Circuit Boards Market Outlook, By Type (2020-2028) ($MN)
- 18 North America Flexible Printed Circuit Boards Market Outlook, By Rigid-Flex Circuits (2020-2028) ($MN)
- 19 North America Flexible Printed Circuit Boards Market Outlook, By Single-Sided Circuits (2020-2028) ($MN)
- 20 North America Flexible Printed Circuit Boards Market Outlook, By Multilayer Circuits (2020-2028) ($MN)
- 21 North America Flexible Printed Circuit Boards Market Outlook, By Double-Sided Circuits (2020-2028) ($MN)
- 22 North America Flexible Printed Circuit Boards Market Outlook, By Other Types (2020-2028) ($MN)
- 23 North America Flexible Printed Circuit Boards Market Outlook, By End User (2020-2028) ($MN)
- 24 North America Flexible Printed Circuit Boards Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
- 25 North America Flexible Printed Circuit Boards Market Outlook, By Automotive (2020-2028) ($MN)
- 26 North America Flexible Printed Circuit Boards Market Outlook, By Consumer Electronics (2020-2028) ($MN)
- 27 North America Flexible Printed Circuit Boards Market Outlook, By Energy and Power (2020-2028) ($MN)
- 28 North America Flexible Printed Circuit Boards Market Outlook, By Industrial Electronics (2020-2028) ($MN)
- 29 North America Flexible Printed Circuit Boards Market Outlook, By Telecommunication (2020-2028) ($MN)
- 30 North America Flexible Printed Circuit Boards Market Outlook, By Other End Users (2020-2028) ($MN)
- 31 Europe Flexible Printed Circuit Boards Market Outlook, By Country (2020-2028) ($MN)
- 32 Europe Flexible Printed Circuit Boards Market Outlook, By Type (2020-2028) ($MN)
- 33 Europe Flexible Printed Circuit Boards Market Outlook, By Rigid-Flex Circuits (2020-2028) ($MN)
- 34 Europe Flexible Printed Circuit Boards Market Outlook, By Single-Sided Circuits (2020-2028) ($MN)
- 35 Europe Flexible Printed Circuit Boards Market Outlook, By Multilayer Circuits (2020-2028) ($MN)
- 36 Europe Flexible Printed Circuit Boards Market Outlook, By Double-Sided Circuits (2020-2028) ($MN)
- 37 Europe Flexible Printed Circuit Boards Market Outlook, By Other Types (2020-2028) ($MN)
- 38 Europe Flexible Printed Circuit Boards Market Outlook, By End User (2020-2028) ($MN)
- 39 Europe Flexible Printed Circuit Boards Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
- 40 Europe Flexible Printed Circuit Boards Market Outlook, By Automotive (2020-2028) ($MN)
- 41 Europe Flexible Printed Circuit Boards Market Outlook, By Consumer Electronics (2020-2028) ($MN)
- 42 Europe Flexible Printed Circuit Boards Market Outlook, By Energy and Power (2020-2028) ($MN)
- 43 Europe Flexible Printed Circuit Boards Market Outlook, By Industrial Electronics (2020-2028) ($MN)
- 44 Europe Flexible Printed Circuit Boards Market Outlook, By Telecommunication (2020-2028) ($MN)
- 45 Europe Flexible Printed Circuit Boards Market Outlook, By Other End Users (2020-2028) ($MN)
- 46 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Country (2020-2028) ($MN)
- 47 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Type (2020-2028) ($MN)
- 48 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Rigid-Flex Circuits (2020-2028) ($MN)
- 49 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Single-Sided Circuits (2020-2028) ($MN)
- 50 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Multilayer Circuits (2020-2028) ($MN)
- 51 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Double-Sided Circuits (2020-2028) ($MN)
- 52 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Other Types (2020-2028) ($MN)
- 53 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By End User (2020-2028) ($MN)
- 54 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
- 55 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Automotive (2020-2028) ($MN)
- 56 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Consumer Electronics (2020-2028) ($MN)
- 57 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Energy and Power (2020-2028) ($MN)
- 58 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Industrial Electronics (2020-2028) ($MN)
- 59 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Telecommunication (2020-2028) ($MN)
- 60 Asia Pacific Flexible Printed Circuit Boards Market Outlook, By Other End Users (2020-2028) ($MN)
- 61 South America Flexible Printed Circuit Boards Market Outlook, By Country (2020-2028) ($MN)
- 62 South America Flexible Printed Circuit Boards Market Outlook, By Type (2020-2028) ($MN)
- 63 South America Flexible Printed Circuit Boards Market Outlook, By Rigid-Flex Circuits (2020-2028) ($MN)
- 64 South America Flexible Printed Circuit Boards Market Outlook, By Single-Sided Circuits (2020-2028) ($MN)
- 65 South America Flexible Printed Circuit Boards Market Outlook, By Multilayer Circuits (2020-2028) ($MN)
- 66 South America Flexible Printed Circuit Boards Market Outlook, By Double-Sided Circuits (2020-2028) ($MN)
- 67 South America Flexible Printed Circuit Boards Market Outlook, By Other Types (2020-2028) ($MN)
- 68 South America Flexible Printed Circuit Boards Market Outlook, By End User (2020-2028) ($MN)
- 69 South America Flexible Printed Circuit Boards Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
- 70 South America Flexible Printed Circuit Boards Market Outlook, By Automotive (2020-2028) ($MN)
- 71 South America Flexible Printed Circuit Boards Market Outlook, By Consumer Electronics (2020-2028) ($MN)
- 72 South America Flexible Printed Circuit Boards Market Outlook, By Energy and Power (2020-2028) ($MN)
- 73 South America Flexible Printed Circuit Boards Market Outlook, By Industrial Electronics (2020-2028) ($MN)
- 74 South America Flexible Printed Circuit Boards Market Outlook, By Telecommunication (2020-2028) ($MN)
- 75 South America Flexible Printed Circuit Boards Market Outlook, By Other End Users (2020-2028) ($MN)
- 76 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Country (2020-2028) ($MN)
- 77 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Type (2020-2028) ($MN)
- 78 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Rigid-Flex Circuits (2020-2028) ($MN)
- 79 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Single-Sided Circuits (2020-2028) ($MN)
- 80 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Multilayer Circuits (2020-2028) ($MN)
- 81 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Double-Sided Circuits (2020-2028) ($MN)
- 82 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Other Types (2020-2028) ($MN)
- 83 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By End User (2020-2028) ($MN)
- 84 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
- 85 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Automotive (2020-2028) ($MN)
- 86 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Consumer Electronics (2020-2028) ($MN)
- 87 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Energy and Power (2020-2028) ($MN)
- 88 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Industrial Electronics (2020-2028) ($MN)
- 89 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Telecommunication (2020-2028) ($MN)
- 90 Middle East & Africa Flexible Printed Circuit Boards Market Outlook, By Other End Users (2020-2028) ($MN)
