PUBLISHER: Acute Market Reports | PRODUCT CODE: 1132045
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1132045
Flexible Printed Circuit Boards Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Rising demand of Miniaturized Electronic Products is expected to spur the Flexible Printed Circuit Boards Market
The global flexible printed circuit boards market was valued at US$ 22.19 Bn in the year 2021 and is expected to reach US$ 41.34 Bn by 2030, expanding at a CAGR of 10.6% during the forecast from 2022 to 2030. The shift in consumer preference for miniaturized and pocket equipment has significantly flourished the demand for Flexible Printed Circuit Boards (FPCBs). The technology offers about 70% of the total cost reduction in electrical interconnection and reduces nearly 75% of the wiring and cable applications. In addition, its multiple advantages such as high thermal stress capability, high electrical conductivity, flexibility, and high durability make it vulnerable for various applications. It has proliferating demand in automotive, consumer electronics, aerospace & defense, and several other sectors.
The healthcare sector is poised to register the highest growth during the forecast period. The penetration of Internet of Things (IoT) and increasing demand for miniaturized electronics in medical sector are some of the key factors responsible for the rapid segment growth. However, consumer electronics dominated the global flexible printed circuit boards market with the highest revenue share in 2021. Asia is the largest contributor to the significant growth of the consumer electronics segment. Other than this, the automotive sector seeks remarkable growth in the adoption of flexible PCBs for emerging electronic control systems and interior lighting circuits.
Asia Pacific is projected to have the Highest Growth during the Forecast Period
In 2021, Asia Pacific held the majority of the revenue share of around 35% in the global flexible printed circuit boards market. The region is also poised to grow at the fastest CAGR during the forecast period. Smartphones, automobiles, and upcoming smart technologies have acquired the Asian market completely. In addition, the largest consumer base for such breakthrough technologies and low labor costs have made the region to be most opportunistic. Thus, several players have expanded their regional bases in the Asia Pacific. For instance, in June 2021, Holitech Technology Co. Ltd., a Chinese component supplier of Xiaomi has extended its production capacity in India. The new plant will manufacture various electronic products including flexible PCBs.
On the other hand, North America and Europe are also major contributors to the global flexible PCB market. The United States was the second-largest Flexible PCB manufacturing hub after Japan. In addition, prolonged growth in automotive, healthcare, and other various sectors in the U.S. and Europe has significantly driven the growth of flexible circuits in the regions.
Key Players & Competitive Landscape:
The global flexible PCBs players are grappling with each other to retain their market position. The ever-changing trend in electronics, automotive, and other consumer-oriented sectors is driving innovation and development in the existing product range. In addition, players also believe in expanding their regional base to grow their production capacity.
Some of the prominent players listed in the global flexible PCBs market report include: NOK Corporation (Nippon Mektron Ltd.), Flexcom Inc., Fujikura Ltd., Sumitomo Electric Industries Ltd. (SEI), Zhen Ding Technology Holding Limited (ZDT), Multi-Fineline Electronix Inc., 3M Company, FLEXium Interconnect Inc., Career Technology, Interflex Co. Ltd., and ICHIA Technologies Inc. among others.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Flexible Printed Circuit Boards market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Flexible Printed Circuit Boards market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
- Research Period: 2020-2030
- Base Year: 2021
- Forecast Period: 2022-2030
- Historical Year: 2020
- Unit: USD Million
Segmentation
Industry Verticals
- Aerospace & Defense
- Consumer Electronics
- Telecommunication
- Automotive
- Healthcare
- Others
Type
- Single Sided FPCB
- Double Sided FPCB
- Multi-layer FPCB
- Rigid-flex FPCB
- Others
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Flexible Printed Circuit Boards market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Flexible Printed Circuit Boards market?
- Which is the largest regional market for Flexible Printed Circuit Boards market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Flexible Printed Circuit Boards market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Flexible Printed Circuit Boards market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Flexible Printed Circuit Boards Market
- 2.2. Global Flexible Printed Circuit Boards Market, By Industry Verticals, 2021 (US$ Million)
- 2.3. Global Flexible Printed Circuit Boards Market, By Type, 2021 (US$ Million)
- 2.4. Global Flexible Printed Circuit Boards Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Flexible Printed Circuit Boards Market Vendors
- 2.7.2. Strategies Adopted by Flexible Printed Circuit Boards Market Vendors
- 2.7.3. Key Industry Strategies
3. Flexible Printed Circuit Boards Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Flexible Printed Circuit Boards Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Flexible Printed Circuit Boards Market: By Industry Verticals, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Aerospace & Defense
- 4.3.2. Consumer Electronics
- 4.3.3. Telecommunication
- 4.3.4. Automotive
- 4.3.5. Healthcare
- 4.3.6. Others
5. Flexible Printed Circuit Boards Market: By Type, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Single Sided FPCB
- 5.3.2. Double Sided FPCB
- 5.3.3. Multi-layer FPCB
- 5.3.4. Rigid-flex FPCB
- 5.3.5. Others
6. North America Flexible Printed Circuit Boards Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Flexible Printed Circuit Boards Market: By Industry Verticals, 2020-2030, USD (Million)
- 6.3. Flexible Printed Circuit Boards Market: By Type, 2020-2030, USD (Million)
- 6.4.Flexible Printed Circuit Boards Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Flexible Printed Circuit Boards Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Flexible Printed Circuit Boards Market: By Industry Verticals, 2020-2030, USD (Million)
- 7.3. Flexible Printed Circuit Boards Market: By Type, 2020-2030, USD (Million)
- 7.4.Flexible Printed Circuit Boards Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Flexible Printed Circuit Boards Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Flexible Printed Circuit Boards Market: By Industry Verticals, 2020-2030, USD (Million)
- 8.3. Flexible Printed Circuit Boards Market: By Type, 2020-2030, USD (Million)
- 8.4.Flexible Printed Circuit Boards Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Flexible Printed Circuit Boards Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Flexible Printed Circuit Boards Market: By Industry Verticals, 2020-2030, USD (Million)
- 9.3. Flexible Printed Circuit Boards Market: By Type, 2020-2030, USD (Million)
- 9.4.Flexible Printed Circuit Boards Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Flexible Printed Circuit Boards Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Flexible Printed Circuit Boards Market: By Industry Verticals, 2020-2030, USD (Million)
- 10.3. Flexible Printed Circuit Boards Market: By Type, 2020-2030, USD (Million)
- 10.4.Flexible Printed Circuit Boards Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. NOK Corporation (Nippon Mektron Ltd.)
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Flexcom Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Fujikura Ltd.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Sumitomo Electric Industries Ltd. (SEI)
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Zhen Ding Technology Holding Limited (ZDT)
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Multi-Fineline Electronix Inc.
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. 3M Company
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. FLEXium Interconnect Inc.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Career Technology
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Interflex Co. Ltd.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. ICHIA Technologies Inc.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Flexible Printed Circuit Boards Market By Industry Verticals, 2020-2030, USD (Million)
- TABLE 2 Global Flexible Printed Circuit Boards Market By Type, 2020-2030, USD (Million)
- TABLE 3 North America Flexible Printed Circuit Boards Market By Industry Verticals, 2020-2030, USD (Million)
- TABLE 4 North America Flexible Printed Circuit Boards Market By Type, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Flexible Printed Circuit Boards Market By Industry Verticals, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Flexible Printed Circuit Boards Market By Type, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Flexible Printed Circuit Boards Market By Industry Verticals, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Flexible Printed Circuit Boards Market By Type, 2020-2030, USD (Million)
- TABLE 9 Latin America Flexible Printed Circuit Boards Market By Industry Verticals, 2020-2030, USD (Million)
- TABLE 10 Latin America Flexible Printed Circuit Boards Market By Type, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Flexible Printed Circuit Boards Market By Industry Verticals, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Flexible Printed Circuit Boards Market By Type, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Flexible Printed Circuit Boards Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Flexible Printed Circuit Boards Market: Quality Assurance
- FIG. 5 Global Flexible Printed Circuit Boards Market, By Industry Verticals, 2021
- FIG. 6 Global Flexible Printed Circuit Boards Market, By Type, 2021
- FIG. 7 Global Flexible Printed Circuit Boards Market, By Geography, 2021
- FIG. 8 Global Flexible Printed Circuit Boards Market, By Industry Verticals, 2021 Vs 2030, %
- FIG. 9 Global Flexible Printed Circuit Boards Market, By Type, 2021 Vs 2030, %
- FIG. 10 U.S. Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 13 UK Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 17 France Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 19 China Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 21 India Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Flexible Printed Circuit Boards Market (US$ Million), 2020 - 2030
