About Flexible Printed Circuit Board
Flexible PCBs are patterned arrangement of printed circuitry and components that utilizes flexible based material with or without flexible coverlay. At present time, it has become more popular for various electronic devices for flexibility as it is thin and lightweight and contributes to make devices more compact, lighter, and thinner. However, it is also used for LED or OLED and LCD panel interface in TVs. Flexible PCBs are more suitable for high temperatures due to their better capability of dissipating heat than rigid boards and also provides resistance to acids, oils, and UV exposure.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.2% |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that Japanese and South Korean Players will contribute the maximum growth to Global Flexible Printed Circuit Board market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Flexcom, Inc. (South Korea), Daeduck GDS (South Korea), Fujikura Ltd (Japan), Interflex Co. Ltd (South Korea), NOK Corp (Japan), Nitto Denko Corp. (Japan), NewFlex Technology Co. Ltd (South Korea), All Flex, Inc. (United States), MFLEX (United States), Sumitomo Electric Industries Ltd (Japan) and Career Technology (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flexible Printed Circuit Board market by Type (Single Sided Flex Circuits, Double Sided Flex Circuits, Multi-Layer Flex Circuits, Rigid Flex Circuits and Others), Application (Instrumentation & Medical, Computer & Data Storage, Telecommunications, Defense & Aerospace, Consumer Electronics, Automotive, Industrial Electronics and Others) and Region.
On the basis of geography, the market of Flexible Printed Circuit Board has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Flexible Printed Circuit Board market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Structural and Hybrid Electronics for Sensor Technologies, Display, and Batteries and Miniaturization of Flexible PCBs
Market Growth Drivers:
Increasing Popularity of Flexible PCB Due to Its Ability to Handle Mode Stress and Bending Properties and The Consumer Inclination towards the Consumer Electronics and IoT for Smart Home and Industry Automation
Challenges:
Shielding Requirement For EMI or RF Purposes Limit the Bend Capabilities of Flexible PCBs
Restraints:
High Cost than Flex-Rigid PCBs and Slow Adoption in Developing and Underdeveloped Countries
Opportunities:
High Adoption in Automotive and Key Medical Instrument Advances
Market Leaders and their expansionary development strategies
In November 2023, NCAB Group has today signed an agreement to acquire 100 per cent of the shares in Electronic Advanced Circuits S.L. based in Madrid, Spain. The majority of sales is concentrated to the telecom and industrial sectors and sourcing is being made from manufacturing partners in China. The purchase price is 14 MSEK with a potential earn-out capped at a maximum amount of 4 MSEK.
In June 2023, OKI Electric Cable, the OKI Group's electric cable company, has developed two new types of environment-proof FPC (flexible printed circuit) products (*1) capable of use under harsh conditions, including the conditions found in high-temperature and high-pressure steam environments: a heat-proof FPC and a high-pressure steam-proof FPC.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Flexible Printed Circuit Board Manufacturers, Suppliers and Distributors of Flexible Printed Circuit Board, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.