Maintaining and increasing compact nature of the mobiles and other electronic devices is major challenge for the mobile manufacturers, to overcome this technological barrier manufacturers are focusing on more reliable and efficient flexible PCB solutions. Rising penetration of smartphones and electronics in developing countries will further boost the growth of flexible PCB market all across the globe.
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According to Goldstein Research, “Rising penetration of advanced consumer electronic goods and emergence of IoT technology has significantly driven the growth of flexible PCB market.” In past few years there have been significant advancements in the design and fabrication of flexible PCB that have enabled lighter, compact and faster interconnect solutions. Emergence of new technologies such as IoT, Artificial Intelligence and robotics are expected to impel the market in coming years. Global flexible PCB market is majorly driven by the complexity of advanced technology and vast usage in almost every electronic device and sensors. Global flexible PCB market size reached USD 12.4 billion in 2016 and the market is expected to expand at a CAGR of 12.4% over the forecast period i.e. 2016-2024. The global flexible PCB market segmentation has been carried out on the basis of products and applications. Product segment is further bifurcated into single sided flex circuits, double access flex circuits, double sided flex circuits, multi-layer flex circuits and rigid flex circuits. Multi layer flex circuits accounted for the major share in flexible PCB market with more than 35% market share owing to wide applications in consumer electronics and complex devices in healthcare sector. Asia-Pacific region dominates the global flexible PCB market in terms of revenue share in 2016 and is expected to dominate the market during the forecast period of 2016-2024. Asia-Pacific flexible PCB market valued USD 5.2 billion in 2016 and is estimated to reach USD 7.4 billion by 2024. China is expected to dominate the flexible PCB owing to huge electrical and electronics industry in China. Malaysia is also contributing to the growth of flexible PCB market in Asia Pacific. For instance, Malaysia is home to 16 solar panels manufacturing plants, with a production of 2.6GW of cells and 5GW of modules per year.
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Market Segmentation
• By Product Type
o Single Sided Flex Circuits
o Double Access Flex Circuits
o Double Sided Flex Circuits
o Multi-Layer Flex Circuits
o Rigid Flex Circuits
• By End Users
o Healthcare & Medical Equipments
o Computers & Data Storage
o Consumer Electronics
o Automotive
o Telecommunications
o Defense & Aerospace
o Industrial Electronics
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
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“Global Flexible PCB (Printed Circuit Board) Market Outlook 2024” contains detailed overview of the global flexible PCB market in terms of market segmentation by product type and by end users.
Further, for the in-depth analysis, flexible PCB market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global flexible PCB market report also provides competitive outlook of some of the major players which includes profiling of companies such as 3M, Nitto Denko Corp., NewFlex Technology Co. Ltd., Interflex Co. Ltd. , Sumitomo Electric Industries Ltd. , Fujikura Ltd. , Flexcom Inc. , Daeduck GDS etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global flexible PCB market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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