Flexible Printed Circuit Boards or popularly called as Flex PCBs can be defined as portable PCB that can conform to the device’s needs or requirements. A flexible circuit in its purest form is a vast array of conductors bonded to a thin dielectric film.
This Market is driven by the rising insistence of Consumer Electronics and the application of these boards in the Automotive Sector. However, the market may face Confrontation because of the compelling nature of the semiconductors and Electronics Industry in the upcoming Decades.
According to TMR’s latest report, this flexible printed circuit boards market is forecasted to grow remarkably due to the portability of the PCB according to the device it is used for.
The Asia Pacific to Remain Prevalent in Global Flexible Printed Circuit Boards Market
The Asia Pacific led the Geographical market with a share of 56% in 2016 and is likely to cling to its position over the next few years. The increasing seepage of smart devices, abrupt evolution of industrial infrastructure that supports assimilation of process automation, boosting the adoption of sensors in automobiles, and escalating expenditures in communication technologies are driving the growth of the Asia Pacific market for FPCB.
In addition to this, the rise in large-scale investments in flexible printed circuit board manufacturing technology – Asia Pacific is a colossal hub for semiconductor manufacturers – is anticipated to boost this regional market shortly.
The Middle East and Africa, Asia Pacific, North America, Latin America, and Europe have been considered as the key regional markets for flexible printed circuit boards across the world.
After the Asia Pacific then Comes the Giant North America, which was the second leading market for the flexible printed circuit board in 2018, across the world, is also estimated to witness significant growth in its market share over the coming decade, thanks to the rising demand for consumer electronics, smart automotive applications, state-of-art healthcare devices, and process automation systems in the power, and the oil and gas sectors are expected to propel the North America flexible printed circuit board market in the years to come.
If to Mention a few key participants employing in the Global market for flexible printed circuit boards are NOK Corp., Nitto Denko Corp., NewFlex Technology Co. Ltd., Interflex Co. Ltd., Sumitomo Electric Industries Ltd., Multi-FinelineElectronix Inc., Fujikura Ltd., Flexcom Inc., Daeduck GDS, and Career Technology (Mfg.) Co. Ltd.
Trade for Multilayer Flex Circuits to Remain Athletic:
The Categorization of the Global market of FPCB (Based on Product Type) is done into -sided flex circuits, double-sided flex circuits, multi-layer flex circuits, and rigid-flex circuits.
Further from these, sculpted flex circuits, single layered flexible circuits, and double access flexible circuits are also a major breed of flexible printed circuit boards available in this market. In terms of revenue, the multi-layer flex circuits segment led the market in 2016 and is expected to maintain its influence over the coming decades.
Apart from this, the rigid-flex circuits segment is intended to offer most assuring growth opportunities to market players in the coming period, thanks to the rising demand for portable electronic devices in various economies, such as China, India, Japan, the U.K., the U.S., Germany, and Singapore.
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