Research Nester released a report titled “Flexible Printed Circuit Board Market Outlook: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global flexible printed circuit board market in terms of market segmentation by product, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The increasing use of electronic products has led to an increased demand for electronic components and circuits which has further resulted in demand for flexible connectors that require minimum space and can be used for varied applications. The global flexible printed circuit board market is anticipated to record a CAGR of 11.9% over the forecast period i.e. 2019-2027., Properties of these boards, such as lightweight, simple structure, compact design and economical nature are estimated to propel the growth of the market. The increase in demand and production of consumer electronics along with utilization of FPCBs for efficient interconnection between electronic components is one of the major factors that are anticipated to foster the growth of the market.
The global flexible printed circuit board is segmented by product type and application type. On the basis of product type, the market is further bifurcated into single-sided, double-sided, multilayer and rigid flex circuits, out of which the multilayer flex circuit segment is anticipated to have leading shares owing to its properties such as superior resilience and high efficiency. On the basis of application, the market is segmented into automotive, instrumentation, medical devices, defense and aerospace, consumer electronics, and others, out of which the consumer electronics segment is expected to hold highest market share on the back of rising demand for consumer electronics.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa, out of which, the market in Asia Pacific is anticipated to witness significant growth on the back of large-scale investments in flexible printed circuit board manufacturing technology in the region.
Growing Demand for Compact and Flexible Electronic Products
The miniaturization and pliability of the flex circuits owing to their light weight, compact and flexible nature helps in meeting the requirement for smaller and higher density mounting design. Additionally, the flex circuits reduce interconnection points and wire routing errors making the circuit more reliable to use. These factors are estimated to significantly drive the market growth.
Industry Players are Progressing towards Minimizing the Barriers faced by the Global Flexible Printed Circuit Board Market
The high manufacturing cost coupled with high initial cost of circuit layout and design are expected to act as key restraints behind the growth of global flexible printed circuit board market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global flexible printed circuit board market which includes company profiling of Sumitomo Electric Printed Circuits, Inc., Fujikura Ltd., Zhen Ding Technology Holding Limited (ZDT), FLEXium Interconnect, Inc., ICHIA Technologies, Inc., Career Technology, Multi-Fineline Electronix, Inc., Interflex Co., Ltd., Nitto Denko Corporation and other prominent players.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global flexible printed circuit board market 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.