Flexible PCB Market to Reach $38.27 Billion by 2026

Reading time ( words)

According to a new research report by Transparency Market Research (TMR), there is an intense competition among the major leading players operating in the global flexible printed circuit board (FPCB) market, including Career Technology (Mfg.) Co. Ltd., Flexcom Inc., Daeduck GDS., Fujikura Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc. (MFLEX), Interflex Co. Ltd, Nitto Denko Corp., NewFlex Technology Co. Ltd., and NOK Corp. These players are expected to witness continued rivalry amongst themselves over the next few years, thanks to their increasing involvement into strategic partnerships and mergers and acquisitions, notes the market study.

As per the research report, the global market for flexible printed circuit boards, which was worth $14.51 billion in 2017, anticipated to expand at a CAGR of 11.80% over the period from 2018 to 2026 and reach a value of $38.27 billion by the end of the period of the forecast. Among the products available in this market, multi-layer flex circuits enjoy a greater demand and this trend is projected to remain so over the next few years. The instrumentation and medical, computer and data storage, telecommunication, defense and aerospace, consumer electronics, automotive, and the industrial electronics sectors have emerged as the leading end users of flexible printed circuit boards across the world. Geographically, Asia Pacific has been dominating the global market over the last few years and researchers anticipate this scenario to continue in the near future, states the research report.

Rise in Consumer Electronics Industry to Boost Global Flexible Printed Circuit Boards Market

"The significant rise in the consumer electronics industry, led by the growing demand for smartphones, tablets, and LCD displays, in has been influencing the sales of flexible printed circuit boards substantially, says the author of this study. These boards find noticeable application in mechanically supporting and electronically connecting a number of electronic components with the help of conductive pathways, which, in turn, is reflecting on their demand substantially. The increasing awareness among consumers regarding the advantages of these boards, such as compact design and low weight, in comparison with rigid or conventional PCBs is likely to boost the growth of the global flexible printed circuit boards market in the years to come, reports the research study.

Sluggish Uptake of Technology in Emerging Economies to Hinder Growth

On the other hand, the sluggish uptake of technology in emerging economies may hinder the growth of the worldwide flexible printing circuit board market in the years to come. However, the rising demand for these boards in the aviation and the defense industries is expected to create new growth avenue for players operating in this market over the next few years, states the research report.


Suggested Items

The Sum of All Parts: Defining Your Customer

03/09/2018 | Sam Sangani, PNC Inc.
These are the most typical ways in which someone will ask us who our customers are. Many times, the purpose is to see whether we work in the same spaces as them or as a way of gauging whether we are “worthy” enough of having them as a customer.

A Plug-in that Connects CAD Software to 3D Printer

03/13/2018 | Dan Feinberg
Nano Dimension's DragonFly 2020 Pro 3D Printer is a highly accurate and versatile inkjet deposition and curing system for printing professional multilayer circuit boards, structural electronics and antennas. In a sweeping discussion with Nano Dimension USA President Simon Fried, all my questions were answered about this innovative technology.

EIPC’s Winter Conference in Lyon, France: Day 2 Review

02/20/2018 | Pete Starkey, I-Connect007
The first day of the conference had started and ended in the dark—a long and technically intense day! After a convivial conference dinner and a good night’s sleep we were back on the bus, this time in daylight at the slightly later time of 8:00 a.m., for the journey from downtown Lyon back to Alstom’s conference facility in Villeurbanne, and it wasn’t raining. In fact, there was even some sunshine later in the day!

Copyright © 2018 I-Connect007. All rights reserved.