The flexible printed circuit boards market size is poised to grow by $ 56.70 billion by 2032 from $ 21.81 Billion in 2023, exhibiting a CAGR of 11.20% during the forecast period 2023-2032.
Key Takeaways
- Asia Pacific contributed more than 77% of revenue share in 2022.
- North America is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the double-sided PCB segment has held the largest market share of 45% in 2022.
- By type, the multilayer PCBs segment is anticipated to grow at a remarkable CAGR of 12% between 2023 and 2032.
- By end-use, the IT and telecom segment generated over 34% of revenue share in 2022.
- By end-use, the consumer electronics segment is expected to expand at the fastest CAGR over the projected period.
The Flexible Printed Circuit Boards (FPCBs) market is experiencing significant growth in recent times, driven by the expanding demand for lightweight, compact, and flexible electronic devices. FPCBs are integral components in various electronic applications, including smartphones, wearable devices, automotive electronics, and medical devices. As technology advances, the need for more sophisticated and miniaturized electronic components has propelled the adoption of FPCBs, contributing to the market’s overall expansion.
The flexibility of FPCBs allows them to conform to the shape of the devices they are integrated into, enabling more innovative and space-efficient designs. This adaptability is particularly crucial in industries where size and weight constraints are paramount. The market is witnessing a surge in demand from manufacturers aiming to enhance the performance and durability of their electronic products, further fueling the growth of the FPCBs market.
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Growth Factors:
- Rapid Technological Advancements: Ongoing technological advancements in the electronics industry are a key driver for the growth of the FPCBs market. The continuous quest for more efficient, lightweight, and flexible electronic components has led to the widespread adoption of FPCBs across various applications.
- Increasing Demand for Wearable Devices: The growing popularity of wearable technology, such as smartwatches, fitness trackers, and healthcare monitoring devices, is a significant growth factor for the FPCBs market. FPCBs offer the necessary flexibility and compactness required for these wearable devices, contributing to their widespread integration.
- Automotive Electronics Integration: The automotive industry’s increasing reliance on electronic components has spurred the demand for FPCBs. These boards are crucial in automotive applications, providing the necessary flexibility to accommodate the complex shapes and limited spaces within vehicles, enhancing overall performance and reliability.
- Medical Device Innovations: The medical industry’s constant pursuit of more advanced and compact electronic devices has created a favorable environment for the growth of FPCBs. These boards play a pivotal role in medical equipment, ensuring reliability and flexibility in design, ultimately contributing to the improvement of patient care and diagnostic capabilities.
Flexible Printed Circuit Boards Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 11.20% |
| Market Size in 2023 | USD 21.81 Billion |
| Market Size by 2032 | USD 56.70 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type and By End Use |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Expanded polystyrene Market Size To Rise USD 25.67 Billion By 2032
By Type:
- Single-sided FPCBs: Single-sided FPCBs represent a fundamental type in the market, featuring conductive material on only one side of the flexible substrate. They find application in simpler electronic devices, providing a cost-effective and lightweight solution for various industries.
- Double-sided FPCBs: Double-sided FPCBs exhibit conductive material on both sides of the flexible substrate, allowing for increased circuit complexity. This type is commonly employed in more intricate electronic applications, enhancing the connectivity and functionality of devices.
- Multilayer FPCBs: Multilayer FPCBs involve the incorporation of multiple layers of conductive material separated by insulating layers. This type accommodates complex circuitry and is prevalent in advanced electronic devices, offering improved performance and design flexibility.
By End Use:
- Consumer Electronics: Consumer electronics, including smartphones, tablets, and wearables, constitute a significant end-use segment for FPCBs. The flexibility and space-saving characteristics of FPCBs make them essential in enhancing the form factor and functionality of modern electronic gadgets.
- Automotive: In the automotive sector, FPCBs are crucial components in advanced driver-assistance systems (ADAS), infotainment systems, and other electronic applications. The automotive industry’s increasing focus on electric and autonomous vehicles further propels the demand for FPCBs.
- Healthcare: The healthcare industry utilizes FPCBs in medical imaging devices, diagnostic equipment, and wearable health monitors. The flexibility of FPCBs supports the development of compact and lightweight medical devices, contributing to advancements in healthcare technology.
- Telecommunications: FPCBs play a vital role in the telecommunications sector, particularly with the advent of 5G networks. Their ability to handle high-frequency signals and compact designs makes them indispensable in the development of advanced communication equipment.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Flexible Printed Circuit Boards Market Players
- Samsung Electro-Mechanics
- NOK Corporation
- Flex Ltd.
- Jabil Inc.
- Fujikura Ltd.
- Molex LLC
- Sumitomo Electric Industries, Ltd.
- Zhen Ding Technology Holding Limited
- Career Technology (MFG.) Co., Ltd.
- NewFlex Technology Co., Ltd.
- Nitto Denko Corporation
- Multek Corporation (a subsidiary of Flex Ltd.)
- Daeduck GDS Co., Ltd.
- Interflex Co., Ltd.
- Tripod Technology Corporation
Segments Covered in the Report
By Type
- Single-Sided FPCBs
- Double-Sided FPCBs
- Multilayer FPCBs
- Rigid-Flex FPCBs
- Others
By End Use
- Consumer Electronics
- Automotive Electronics
- Industrial Electronics
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Flexible Printed Circuit Boards Market
5.1. COVID-19 Landscape: Flexible Printed Circuit Boards Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Flexible Printed Circuit Boards Market, By Type
8.1. Flexible Printed Circuit Boards Market Revenue and Volume, by Type, 2023-2032
8.1.1. Single-Sided FPCBs
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Double-Sided FPCBs
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Multilayer FPCBs
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Rigid-Flex FPCBs
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Flexible Printed Circuit Boards Market, By End Use
9.1. Flexible Printed Circuit Boards Market Revenue and Volume, by End Use, 2023-2032
9.1.1. Consumer Electronics
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Automotive Electronics
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Industrial Electronics
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Flexible Printed Circuit Boards Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by End Use (2020-2032)
Chapter 11. Company Profiles
11.1. amsung Electro-Mechanics
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. NOK Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Flex Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jabil Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Fujikura Ltd.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Molex LLC
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Sumitomo Electric Industries, Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Zhen Ding Technology Holding Limited
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Career Technology (MFG.) Co., Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. NewFlex Technology Co., Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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