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Flexible Printed Circuit Boards - Global Strategic Business Report

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    Report

  • 638 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1206720

Global Flexible Printed Circuit Boards Market to Reach $29.8 Billion by 2030

The global market for Flexible Printed Circuit Boards estimated at US$13.8 Billion in the year 2022, is projected to reach a revised size of US$29.8 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2022-2030. Double Sided, one of the segments analyzed in the report, is projected to record 10.4% CAGR and reach US$14 Billion by the end of the analysis period. Growth in the Rigid-Flex segment is estimated at 9.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 12.4% CAGR

The Flexible Printed Circuit Boards market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Select Competitors (Total 266 Featured)

  • 3M Company
  • Arrow Electronics, Inc.
  • Andus Electronic GmbH
  • Benchmark Electronics, Inc.
  • A-Flex
  • All Flex Flexible Circuits & Heaters.
  • Arel Srl
  • AT & S Austria Technologie & Systemtechnik AG
  • ACB NV
  • AirBorn Flexible Circuits, Inc. (AFC)
  • Amphenol Printed Circuits
  • Argus Embedded Systems Pvt., Ltd.
  • Asia Pacific Circuits Co., Ltd.
  • 3CEMS Group
  • Accurate Engineering Company Pvt., Ltd.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Flexible Printed Circuit Boards Market

What is the estimated value of the Flexible Printed Circuit Boards Market?

The Flexible Printed Circuit Boards Market was estimated to be valued at $13.8 Billion in 2022.

What is the growth rate of the Flexible Printed Circuit Boards Market?

The growth rate of the Flexible Printed Circuit Boards Market is 10.1%, with an estimated value of $29.8 Billion by 2030.

What is the forecasted size of the Flexible Printed Circuit Boards Market?

The Flexible Printed Circuit Boards Market is estimated to be worth $29.8 Billion by 2030.

Who are the key companies in the Flexible Printed Circuit Boards Market?

Key companies in the Flexible Printed Circuit Boards Market include 3M Company, Arrow Electronics, Inc., Andus Electronic GmbH, Benchmark Electronics, Inc., A, Flex, All Flex Flexible Circuits & Heaters., Arel Srl, AT & S Austria Technologie & Systemtechnik AG and ACB NV.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of August 2020
  • Percentage Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Falling Consumer Confidence Impacts Sales of Automotive and Consumer Electronics
  • Rapidly Eroding Consumer Confidence Thwarts Hopes for a Quick Recovery: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Flexible Printed Circuit Boards (FPCBs): A Prelude
  • Miniaturization of PCBs and Anticipated Surge in Demand for Flexible and Compact Electronic Devices to Drive Growth of Flexible PCBs Market
  • Flexible and Printed Electronics: Key Trends in Brief
  • Market Outlook
  • Despite the Supply Chain Issues in Electronics Manufacturing during the Pandemic, Market for Flexible PCBs to Surge in Long Term
  • Regional Market Analysis
  • World Flexible PCBs Market (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Flexible PCBs Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, USA, Canada, Europe, Japan and Rest of World
  • Consumer Electronics End-Use Segment: A Major Market
  • Competitive Landscape
  • Recent Market Activity
  • Select Innovations
  • Select Global Brands
  • Flexible Printed Circuit Boards - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Digital Transformation Drive Augurs Well for Future Growth of Flexible PCB Market
  • Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
  • Flexible PCBs Strive to Resolve Design Challenges in Modern Electronics
  • Circuit Designing Evolves as End Product Developers Seek Miniaturization
  • Flexible PCB Concepts to Benefit from Growing Adoption of IoT
  • Rise of Flexible Electronics Extends Parallel Opportunities
  • Inherent Product Advantages to Sustain Market Momentum
  • Key Benefits of Flexible Circuits
  • Superior Packaging Flexibility: Key Attribute Widening the Scope & Span of FPCs
  • Flex-to-Fit Approach Opens New and Exciting Opportunities
  • Customer Requirements Drive Innovations for Substrate Manufacturers
  • Substrate Material Choice: Key to High-Frequency Application
  • Additives Come to the Fore to Resolve Fabrication Challenges
  • Stretchable Circuits Garner Significant Interest as Novel Interconnection Alternative
  • Material and Design Advancements Enable Stretchable Interconnects in Flexible Circuits
  • New Stretchable Materials Expand Potential of Design Innovations
  • High Density Interconnection FPCBs Gain Traction
  • Novel & High-Productive Processing Technologies Augment Flexible PCB Fabrication
  • Thinner Materials Witness Tremendous Adoption to Realize Smaller Geometries
  • Need for More Complex PCB Layouts
  • Select Trends in the PCB Manufacturing Sector
  • Recent Technological Advances in Flex Circuits
  • ‘Light as a Feather’ Takes Flexible Circuits to New Level
  • Technological Advances thwart Material Limitations for Transparent Flex Circuits
  • Substrate Advancements
  • Super-Thin Nanoscale Circuits Promise Tremendous Computing Power, Open New Design Possibilities
  • Chemically Doped Nanotubes Emulate Silicon Circuits in Handling Power Fluctuations
  • Flexible Hybrid Circuits
  • End Applications: Select Market Trends
  • PCB Innovations Significantly Impacts Consumer Electronics
  • A Return to Economic Normalcy Will Reignite Growth Drivers in the Consumer Electronics End-Use Sector
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Deceleration in Smartphone Market Growth Limits Flex Circuit Demand
  • Global Market for Smartphones in Billions: 2016-2021
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Flex Circuits Seek Role in Autoelectronics Drive
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
  • Market to Benefit from Increased Emphasis on Intelligent Highway
  • Wireless Telecommunications Spawning Significant Demand
  • Robust Outlook for Wearables to Benefit Flex Circuit Demand
  • World Wearable Electronics Market by Geographic Region (2018 & 2022): Percentage Breakdown of Unit Sales for North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. and Rest of World
  • Flexible Circuits Penetrate Myriad Devices in Wearable Technologies
  • Challenges Exist for Flex Circuits in Wearables
  • Display Market Slowdown to Affect Flexible Circuits Demand
  • Reliable Interconnection Benefits Drive Use of Flexible and Stretchable Electronics in Space Applications
  • Expanding Role of Electronics in the Healthcare Sector Bodes Well
  • Uptrend in Nanoelectronics Favors Market Expansion
  • PRODUCT OVERVIEW
  • Flexible Circuits: An Introduction
  • Tracing Evolution of Applications of Electronic Rigid-Flex PCBs
  • An Evaluation of Differences in Rigid and Flex Materials
  • Materials Used in Flexible Circuit Manufacture
  • Manufacturing of Flexible Circuits
  • Key Advantages of Flexible Circuits
  • FPCBs vs FHE: The Dilemma Continues
  • An Overview of End-Use Markets
  • Flexible PCBs Enable Exciting and Innovative Developments
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Flexible Printed Circuit Boards by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Flexible Printed Circuit Boards by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Flexible Printed Circuit Boards by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Double Sided by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Double Sided by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Double Sided by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Rigid-Flex by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Rigid-Flex by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Rigid-Flex by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Single Sided by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Single Sided by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Single Sided by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Multilayer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Multilayer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Multilayer by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 30: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 31: World Flexible Printed Circuit Boards Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Semiconductor Industry in the United States
  • NASA Eyes Flexible Printed Circuits for Future Missions
  • Evolving Healthcare to Drive Demand for Wearable Devices
  • CANADA
  • JAPAN
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • The Pioneer in Flexible Circuits
  • CHINA
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Leading Consumer of Flexible Circuits Worldwide
  • Rising Wearable Technology Adoption Pushing Demand for Flexible PCBs
  • EUROPE
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • SOUTH KOREA
  • TAIWAN
  • REST OF ASIA-PACIFIC
  • Taiwan: Market Overview
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Arrow Electronics, Inc.
  • Andus Electronic GmbH
  • Benchmark Electronics, Inc.
  • A-Flex
  • All Flex Flexible Circuits & Heaters.
  • Arel Srl
  • AT & S Austria Technologie & Systemtechnik AG
  • ACB NV
  • AirBorn Flexible Circuits, Inc. (AFC)
  • Amphenol Printed Circuits
  • Argus Embedded Systems Pvt., Ltd.
  • Asia Pacific Circuits Co., Ltd.
  • 3CEMS Group
  • Accurate Engineering Company Pvt., Ltd.