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Flexible Printed Circuit Boards - Global Market Trajectory & Analytics

  • ID: 1206720
  • Report
  • May 2021
  • Region: Global
  • 438 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • BHflex Co., Ltd.
  • Fujikura Ltd.
  • Ichia Technologies, Inc.
  • Interflex Co., Ltd.
  • MFS Technology

Global Flexible Printed Circuit Boards Market to Reach $21.4 Billion by 2027


Amid the COVID-19 crisis, the global market for Flexible Printed Circuit Boards estimated at US$11.8 Billion in the year 2020, is projected to reach a revised size of US$21.4 Billion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027. Double Sided, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$9.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rigid-Flex segment is readjusted to a revised 8.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 11.5% CAGR


The Flexible Printed Circuit Boards market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Single Sided Segment to Record 7.8% CAGR


In the global Single Sided segment, USA, Canada, Japan, China and Europe will drive the 8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.7 Billion by the year 2027.

Select Competitors (Total 183 Featured) -

  • 3M Company
  • BHflex Co., Ltd.
  • Career Technology (MFG.) Co., Ltd.
  • Flexium Interconnect, Inc.
  • Fujikura Ltd.
  • Ichia Technologies, Inc.
  • Interflex Co., Ltd.
  • MFS Technology
  • Multi-Fineline Electronix, Inc. (MFLEX)
  • Newflex Technology Co., Ltd.
  • Nippon Mektron, Ltd.
  • Nitto Denko Corporation
  • SIFlex Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Xiamen Hongxin Electron-Tech Co., Ltd.
  • Zhen Ding Technology Holding Limited (ZDT)
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • BHflex Co., Ltd.
  • Fujikura Ltd.
  • Ichia Technologies, Inc.
  • Interflex Co., Ltd.
  • MFS Technology
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Exhibit 1: Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of August 2020
  • Exhibit 2: 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
  • Exhibit 3: Rapidly Eroding Consumer Confidence Thwarts Hopes for a Quick Recovery: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Deteriorating Business Confidence & Virus Led Economic Recession Impacts Prospects for Industrial Electronics
  • Exhibit 4: World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Exhibit 5: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Exhibit 6: Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
  • 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
  • Regional Market Analysis
  • Exhibit 7: World Flexible PCBs Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • Exhibit 8: World Flexible PCBs Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, USA, Europe, Canada, and Japan
  • Consumer Electronics End-Use Segment: A Major Market
  • Competitive Landscape
  • Recent Market Activity
  • Select Innovations
2. FOCUS ON SELECT PLAYERS
  • Select Global Brands
3. MARKET TRENDS & DRIVERS
  • Digital Transformation Drive Augurs Well for Future Growth of Flexible PCB Market
  • Exhibit 9: 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
  • 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
  • Exhibit 10: Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Deceleration in Smartphone Market Growth Limits Flex Circuit Demand
  • Exhibit 11: Global Market for Smartphones in Billions: 2016-2021
  • Exhibit 12: Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Flex Circuits Seek Role in Autoelectronics Drive
  • Exhibit 13: World Automobile Production in Million Units: 2008-2022
  • Market to Benefit from Increased Emphasis on Intelligent Highway
  • Wireless Telecommunications Spawning Significant Demand
  • Robust Outlook for Wearables to Benefit Flex Circuit Demand
  • Exhibit 14: 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
  • An Overview of End-Use Markets
  • Flexible PCBs Enable Exciting and Innovative Developments
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Semiconductor Industry in the United States
  • NASA Eyes Flexible Printed Circuits for Future Missions
  • Evolving Healthcare to Drive Demand for Wearable Devices
CANADA

JAPAN
  • The Pioneer in Flexible Circuits
CHINA
  • Leading Consumer of Flexible Circuits Worldwide
  • Rising Wearable Technology Adoption Pushing Demand for Flexible PCBs
EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

SOUTH KOREA
  • TAIWAN
REST OF ASIA-PACIFIC
  • Taiwan: Market Overview
REST OF WORLD

IV. COMPETITION
  • Total Companies Profiled: 183
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • BHflex Co., Ltd.
  • Career Technology (MFG.) Co., Ltd.
  • Flexium Interconnect, Inc.
  • Fujikura Ltd.
  • Ichia Technologies, Inc.
  • Interflex Co., Ltd.
  • MFS Technology
  • Multi-Fineline Electronix, Inc. (MFLEX)
  • Newflex Technology Co., Ltd.
  • Nippon Mektron, Ltd.
  • Nitto Denko Corporation
  • SIFlex Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Xiamen Hongxin Electron-Tech Co., Ltd.
  • Zhen Ding Technology Holding Limited (ZDT)
Note: Product cover images may vary from those shown
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