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Flexible Printed Circuit Boards - Global Market Trajectory & Analytics

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    Report

  • 638 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1206720

Global Flexible Printed Circuit Boards Market to Reach $22.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Flexible Printed Circuit Boards estimated at US$12.1 Billion in the year 2020, is projected to reach a revised size of US$22.3 Billion by 2027, growing at a CAGR of 9.2% over the analysis period 2020-2027. Double Sided, one of the segments analyzed in the report, is projected to record a 9.5% CAGR and reach US$10.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rigid-Flex segment is readjusted to a revised 8.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 11.4% CAGR

The Flexible Printed Circuit Boards market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

Single Sided Segment to Record 8.1% CAGR

In the global Single Sided segment, USA, Canada, Japan, China and Europe will drive the 8.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 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.

Select Competitors (Total 266 Featured) -

  • 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
  • Sumitomo Electric Printed Circuits, Inc.
  • Xiamen Hongxin Electron-Tech Co., Ltd.
  • Zhen Ding Technology Holding Limited (ZDT)

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

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 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 3: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 6: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 9: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 12: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 15: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 18: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 21: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 24: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 27: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 30: World 15-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 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 2022 (E)
  • The Pioneer in Flexible Circuits
CHINA
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2022 (E)
FRANCE
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Flexible Printed Circuit Boards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
SOUTH KOREA
  • TAIWAN
REST OF ASIA-PACIFIC
  • Taiwan: Market Overview
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 266

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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
  • Sumitomo Electric Printed Circuits, Inc.
  • Xiamen Hongxin Electron-Tech Co., Ltd.
  • Zhen Ding Technology Holding Limited (ZDT)