Flexible Printed Circuit Board (PCB) Market

Industry Insights

[178+ Pages Report] According to the report published by Facts Factors, the global flexible printed circuit board (PCB) market size was worth around USD 15.49 billion in 2019 and is predicted to grow to around USD 29.62 billion by 2026 with a compound annual growth rate (CAGR) of roughly 9.71% between 2020 and 2026. The report analyzes the global flexible printed circuit board (PCB) market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the flexible printed circuit board (PCB) market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the flexible printed circuit board industry. The report analyzes and declares the historical and current trends analysis of the flexible printed circuit board industry and subsequently recommends the projected trends anticipated to be observed in the flexible printed circuit board market during the upcoming years.

The flexible printed circuit board market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Flexible Printed Circuit Board market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary analysis, the global flexible PCB market is  expected to reach around USD 30 billion 2026
• Growing demand from China, India and South East Asia nations is expected to propel the growth of global Flexible PCB market in coming years.
• Latin America along with Middle East and Africa are also the lucrative regions for the flexible printed circuit board market owing to low interest rates on consumer goods to accelerate the demand of computer, cars, and other electronic products. In addition, growing internet penetration coupled with e-commerce is significantly contributing for the market growth.
• Ongoing investment and continuous product launches by major market players is also predicted to surge the demand of global flexible PCB market in near future.

Key Recommendations from Analysts

• As per our analysts, global flexible PCB market revenue was around USD 15.49 billion in 2019.
• North America and Europe are other prominent regions that have considerable revenue share for the flexible printed circuit board market. The regions are mainly driven by the significant use of flexible printed circuit boards in the automotive sector. Flexible PCBs has several automotive applications such as in antilock brake systems, communication equipments, digital displays, DC/AC power converter, interior LED lighting system, GPS, power transmission control system, navigation equipments, radars and radio systems, security systems, transmission sensors, and many more. The use of flex PCB helps in miniaturization, light weight, and offers large extent of design flexibility. Additionally, Flexible PCBs are IATF 16949 certified that is an essential certification to be used in the automotive industry. In addition, the U.S. being the second largest region in the automotive market is a home of several worldwide auto-parts manufacturers.
• 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 and accounted over 34.50% revenue share.
• Flexcom Inc., Daeduck GDS., Fujikura Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc. (MFLEX), Interflex Co. Ltd, Nitto Denko Corp., are the leading market participant in global flexible PCB market.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the flexible printed circuit board industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Flexible Printed Circuit Board industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Flexible Printed Circuit Board market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Flexible Printed Circuit Board industry. The Flexible Printed Circuit Board market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Flexible Printed Circuit Board sector. Key strategic developments in the Flexible Printed Circuit Board market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Flexible Printed Circuit Board market are appropriately highlighted in the report.

By geography, the global Flexible Printed Circuit Board market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held majority of the revenue share in the global Flexible Printed Circuit Board market for the year 2019 coupled with the highest growth rate in the forecast period.

The flexible printed circuit board market is bifurcated on the basis of product type, end user, and region. By product type, the flexible PCB market is categorized into single sided flex circuit, double-sided flex circuit, multi-layer flex circuit, rigid flex circuit, and others. Multi-layer flex circuit held largest revenue share for the year 2019. In addition, rigid-flex circuit is anticipated to grow at the fastest rate. The high growth rate of the segment is majorly due to flexibility in designing numerous varieties of product that require light weight and small form factor. Furthermore, the market payers are prominently participating in the launch and advancement of the rigid-flex circuits that can flourish the market growth.

For instance, on May 31, 2018, Atotech announced to launch its new product series for flex-rigid PCB. The product has advanced features and possesses minimum surface roughness. Moreover, instrumentation & medical, defense & aerospace, automotive, computer & data storage, consumer electronics, telecommunications, industrial electronics, and others are the end user segment of the flexible printed circuit board market. Consumer electronics dominates the market in terms of revenue for the year 2019 and expected to continue its dominance in the coming years.

The flexible printed circuit board market research report delivers an acute valuation and taxonomy of the flexible printed circuit board industry by practically splitting the market on the basis of different segment, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Flexible Printed Circuit Board industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the flexible printed circuit board industry is provided for the leading economies of the world.

The flexible printed circuit board market is segmented on the basis of service, vehicle, and business model. The service segment of the Flexible Printed Circuit Board market is bifurcated into ride hailing, bike sharing, ride sharing, car sharing, and others. Based on business model, the flexible printed circuit board market is divided into P2P, B2B, and B2C. Car, Two-Wheeler and Others are the vehicle segment studied in the report.

Report Scope

Some of the leading players in the global market include

• Sumitomo Electric Industries Ltd.
• Multi-Fineline Electronix Inc. (MFLEX)
• Career Technology Co. Ltd.
• NewFlex Technology Co. Ltd.
• Flexcom Inc.
• Daeduck GDS.
• Fujikura Ltd.
• Interflex Co. Ltd
• Nitto Denko Corp

The market is witnessing significant number of merger and partnership agreements between the automobile manufacturers and the transport companies.

The taxonomy of the flexible printed circuit board industry by its scope and segmentation is as follows:

By Service Segment Analysis

• Ride Hailing
• Bike Sharing
• Ride Sharing
• Car Sharing
• Others

By Vehicle Segment Analysis

• Car
• Two-Wheeler
• Others

By Business Model Segment Analysis

• P2P
• B2B
• B2C

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • France
  • 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 Countries
  • South Africa
  • Rest of MEA