15-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Flexible Printed Circuit Board (PCB) Market By Product Type (Single Sided Flex Circuits, Double Sided Flex Circuits, Multi-Layer Flex Circuits, Rigid Flex Circuits, and Others), for Instrumentation & Medical, Defense & Instrumentation & Medical, Defense & Aerospace, Computer & Data Storage, Consumer Electronics, Telecommunications, Industrial Electronics, and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2026’’ states that, the global flexible printed circuit boards market in 2019 was approximately USD 15.49 billion. The market is expected to grow at a CAGR of 9.71% and is anticipated to reach around USD 29.62 billion by 2026.
Flexible printed circuit boards are the circuit boards with higher degree of flexibility that enable the circuit to be designed to fit the device or product. Their performance depends on the type of substrate material used while manufacturing the flexible PCB. Depending on the applications three types of flexible materials are generally used for the flexible PCB that includes Polyester, Polyimide, and Polytetrafluoroethylene. Polyimide offers high dielectric constant, high temperature resistance, and outstanding electrical and mechanical properties. Apart from the above points, Polytetrafluoroethylene is significantly used for high-frequency products with low dielectric constant.
Browse the full “Flexible Printed Circuit Board (PCB) Market By Product Type (Single Sided Flex Circuits, Double Sided Flex Circuits, Multi-Layer Flex Circuits, Rigid Flex Circuits, and Others), for Instrumentation & Medical, Defense & Instrumentation & Medical, Defense & Aerospace, Computer & Data Storage, Consumer Electronics, Telecommunications, Industrial Electronics, and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2026" https://www.fnfresearch.com/flexible-printed-circuit-boardpcb-market-by-product-type-1170
Growing application in aerospace, electrical, and electronic products is the key factor driving the flexible printed circuit board market. The growth in application mainly accounts to large number of benefits offered by flexible PCB that includes miniaturization, multifunction, light weight, assembly densification, and many more. Additionally, high degree of freedom on mechanical and electronic designs is another major factor that is flourishing the market. However, high initial cost may hinder the growth of the flexible PCB market. On the contrary, rising demand of flexible PCB in automotive sector is anticipated to offer alluring opportunities in the coming years.
The flexible printed circuit board market is categorized on the basis of product type, end user, and regions. Based on product type, the market is divided into single sided flex circuit, double sided flex circuit, multi-layer flex circuit, rigid flex circuit, and others. Multi-layer flex circuit dominates the market in year 2019. The growth is mainly due to property of multilayer flex circuits to convert a simple digital product into high powered smart device. This PCB offers high functionality and complexity without increasing the size of the device. Moreover, notable ongoing innovations related to multi-layer PCB is expected to uplift the demand of multi-layer flex circuits. For instance, on Jan 17, 2017, Panasonic Corporation announced the release of new low transmission loss flexible multi-layer circuit board materials.
The material is suitable for high speed and large volume data transmission along with thin mobile device designing. Besides this, rigid-flex circuit is expected to witness the highest CAGR in the analyzed period. The fastest growth of the segment is attributed to more design options for designers coupled with low cost for connections between flexible and rigid substrate materials. Furthermore, the flexible printed circuit board market is classified based on end user as instrumentation & medical, defense & aerospace, automotive, computer & data storage, consumer electronics, telecommunications, industrial electronics, and others. Consumer electronics held largest market share in terms of revenue for the year 2019. The growth is mainly witnessed owing to large applications of flexible PCB in LCD display solutions, connectivity antennas, smart phones, and more.
Geographically, the flexible printed circuit board market is analyzed in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. Asia Pacific dominates the flexible PCB market in terms of revenue for the year 2019. The growth is mainly due to the increasing demand of miniaturized electronic products. In addition, the region supports the development of flexible PCB in military and defense equipments because of its diverse range of properties some of them includes miniaturization, light weight, 3D packaging, and flexibility in designing. North America and Europe are contributing significantly in the global flexible PCB market due to presence of prominent high-speed substrate suppliers and distributors in the regions.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 15.49 billion |
Projected Market Size in 2026 |
USD 29.62 billion |
CAGR Growth Rate |
9.71% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Career Technology 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. among others. |
Key Segment |
By Product Type, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Career Technology 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. among others.
The report segments of the global flexible printed circuit board market as follows:
By Product Type Segment Analysis
- Single Sided Flex Circuits
- Double Sided Flex Circuits
- Multi-Layer Flex Circuits
- Rigid Flex Circuits
- Others
By End User Segment Analysis
- Instrumentation & Medical
- Defense & Aerospace
- Automotive
- Computer & Data Storage
- Consumer Electronics
- Telecommunications
- Industrial Electronics
- Others
By Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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