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Market Synopsis:According to Market Research Future (MRFR)’s latest assessment, the global flexible printed circuit board market has been projected to expand at 12.6% CAGR during the forecast period 2018 to 2023. The report projects that the global market is poised to value at over USD 27,900 Mn by the end of 2023. Flexible PCBs have revolutionized the growth pattern of the consumer electronics industry over the last few years. It has been further prognosticated to support the innovations in electronic products, thus, unleashing developmental opportunities into the Flexible Printed Circuit Board Market.
The ongoing trend of miniaturization observed in the consumer electronics industry is supported by the development of the flexible printed circuit board market. Key players are emphasizing on product development and innovation for supporting the growth of future devices. This, in turn, is expected to augment the flexible printed circuit board market over the next couple of years.
The introduction of wearable devices in conjunction with its escalating demand is poised to catalyze the expansion of the flexible printed circuit board market in the years to come. Also, the towering demand for flexible displays is likely to boost the growth pattern of the market in the foreseeable future.
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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.
Key Players:
Some of the key innovators are MFS Technology Ltd. (Singapore), Flexible Circuit Technologies, Inc. (U.S.), Nitto Denko Corp (Japan), LG Innotek (South Korea), Hannstar Board Technology (Hong Kong), Nan Ya Printed Circuit Board (Taiwan), Kingboard Chemical Holdings (Hong Kong), Multilayer Technology Inc. (U.S.), Ibiden Co., Ltd.(Japan), ICHIA Technologies Inc.(Taiwan), FLEXium Interconnect, Inc.(Taiwan), Young Poong Corporation (South Korea), Interflex Co., Ltd.(South Korea) and many others.
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.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Forecast Model
5 Market Dynamics
5.1 Overview
5.2 Drivers
5.2.1 Increasing Demand For Consumer Electronics
5.2.2 Increasing Adoption Of Flexible Display Technology
5.2.3 Rising Demand For Miniaturization Of Electronic Components
5.3 Opportunity
Continued…
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 88923937
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