PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927729
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927729
The Flexible Printed Circuit Boards Market size was valued at US$23,678.67 Million in 2024, expanding at a CAGR of 13.8% from 2025 to 2032.
Flexible Printed Circuit Boards (FPCBs) consist of flexible printed circuit boards which electrical connections keep working when users bend or fold or twist the board. FPCBs enable designers to create electronic devices which need to fit into small spaces and maintain lightweight characteristics and use space efficiently. The company provides interconnection solutions for electronic components in smartphones and wearable devices and automotive electronics and medical devices and industrial equipment because FPCBs deliver benefits of better reliability and easier assembly and improved thermal management and greater resistance to vibration and movement.
Flexible Printed Circuit Boards Market- Market Dynamics
Advancements in Materials and Manufacturing Technologies
The flexible printed circuit boards market (FPCBs) market expands because manufacturers develop new materials and their associated production methods. The field of flexible substrate development continues to progress through the creation of high-performance polyimide and other advanced polymers which improve thermal stability and mechanical flexibility and electrical performance for FPCBs to operate effectively in harsh conditions. The development of multilayer flex circuits and fine-line patterning and laser drilling and advanced lamination techniques has made it possible to manufacture more complex products while achieving smaller sizes and faster production times. The technological advancements decrease failure rates while enabling high-density and high-frequency applications and expanding FPCB use across consumer electronics and automotive and medical and industrial applications which drives market expansion.
Type Insights
The Double Sided FPCBS dominates the market. The growing product innovation and launches are driving the market expansion. For instance, in January 2026, Victory PCB, a professional printed circuit board manufacturer, continues to support modern electronics development through its high-quality double-sided PCB manufacturing solutions. The double-sided printed circuit boards developed by Victory PCB provide various industries with an economical solution that maintains performance and reliability for handling advanced circuit designs.
Flexible Printed Circuit Boards Market- Geographical Insights
The Asia Pacific leads the flexible printed circuit boards market. The market functions primarily through two factors which include the increased availability of affordable FPCB variations produced in the region and the presence of major electronics manufacturing companies operating within Asia. The market expansion receives support from the increasing smartphone adoption which takes place in multiple countries including India and China. The automotive manufacturing market experiences expansion together with rising demand for flexible printed circuit boards in automotive technology which will create new business opportunities for this industry.
Flexible Printed Circuit Boards Market- Country Insights
China in the region held the largest revenue share in 2024. The market derives its primary strength from the country's robust manufacturing sector and China-based electronics manufacturers and their substantial global market share of FPCB products. The government support which manufacturers receive enables them to deliver products at reduced costs to their international partners. The market expansion results from the domestic production of numerous electric vehicles which automotive companies have developed.
The Flexible Printed Circuit Board (FPCB) market shows a competitive environment that has moderate concentration and strong regional distribution because most of its production is controlled by major technology-driven companies while multiple specialized manufacturers and contract producers operate in specific market segments through their unique abilities and affordable solutions. Major global players include Nippon Mektron, Zhen Ding Technology, Fujikura, Sumitomo Electric, MFLEX and Nitto Denko, alongside contract manufacturers and EMS firms such as TTM, Flex and Jabil that supply integrated PCB and assembly services.
In July 2025, OKI Circuit Technology, the printed circuit board (PCB) division of the OKI Group, created rigid-flex PCBs that contain embedded copper coins as their primary design element. The embedded coins in these designs enable superior heat dissipation which rocket and satellite equipment can use during their operation in vacuum conditions.
In December 2024, Elephantech has been mass-producing SustainaCircuits(TM), innovative printed circuit boards (PCBs) that reduce copper usage by 70-80% using printing technology. However, until now, they could only develop relatively niche single-sided flexible PCBs, which account for only about 2% of the market. The application to general-purpose multilayer PCBs2, which makes up 78%1 of the market, was highly anticipated but not yet realized, with plans for practical implementation after 2027.