The Global Market for Flexible Printed Circuit Boards is Projected to Reach US$15.2 Billion by 2020

Need for Performance & Design Flexibility Spurs Immense Interest in Flexible Printed Circuit Boards, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Flexible Printed Circuit Boards market. The global market for Flexible Printed Circuit Boards is projected to reach US$15.2 billion by 2020, driven by the growing focus of electronics manufacturers on performance and design flexibility.  

Flexible printed circuit boards or flex circuits refer to electronic circuits mounted over flexible substrates such as transparent conductive polyester film or polyimide. Ranked among the fastest growing technology segments in the electronic interconnection market, flex circuits have emerged as the preferred printed circuit board (PCB) technology variant to address growing miniaturization as well as superior functionality needs of electronics products. Flex circuits consume less space, are lightweight and provide greater design freedom. They find special use in applications where conventional printed circuit boards have limited or no use due to flexibility requirements and space savings. With electronics becoming smaller and more functional, the market is witnessing growing demand for flexible circuits for their ability to make electronic products smaller, smarter and cheaper through simpler and cost-effective interconnections. Hitherto used widely in cameras, laptops and smartphones, flex circuits are presently finding expanded use in automobiles, medical devices, military systems and avionics, among others.  

Technological advances in substrate and conductive materials, and developments in fabrication such as copper etching techniques are also helping drive growth in the market. With growing focus on improving capabilities such as better clock speeds, higher processing power and lower power usage, manufacturers of flex circuits are migrating towards the use of board stack-ups that are more complex in structure and function. Stretchable circuits are emerging in the market with the promise of enabling reliable design of electronic wearables. An evolving segment of interconnection technology, stretchable circuits are appealing to a growing number of electronic designers as they feature resilient materials and enable contraction and expansion in line with user movements. The ability to these materials to conform to non-planar contours opens up tremendous opportunity of designing various innovative devices.

As stated by the new market research report on Flexible Printed Circuit Boards, Asia-Pacific represents the largest market worldwide, supported by its dominance as the global hub for the production of electronic products. The region is also home to a vast majority of major flexible circuit producers. Asia-Pacific also ranks as the fastest growing market with a CAGR of 6.7% over the analysis period, driven by encouraging gains in electronics production against the backdrop of digitalizing lifestyles of the growing base of affluent middle-class population and the ensuing robust appetite for consumer electronics. Other major markets include the U.S. and Europe.

Major players covered in the report include 3M Company, BHflex Co., Ltd., Career Technology (MFG.) Co., Ltd., Daeduck GDS Co., Ltd., Flexcom Inc., Flexium Interconnect, Inc., Fujikura Ltd., Ichia Technologies, Inc., Interflex Co., Ltd., MFS Technology Ltd., Multi-Fineline Electronix, Inc., Newflex Technology Co., Ltd., Nippon Mektron, Ltd., Nitto Denko Corporation, SIFlex Co., Ltd., Sumitomo Electric Industries, Ltd., Xiamen Hongxin Electronic Technology Co., Ltd. and Zhen Ding Technology Holding Limited among others.

The research report titled “Flexible Printed Circuit Boards: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Flexible Printed Circuit Boards in terms of US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe) Asia-Pacific (China, South Korea, Taiwan and Rest of Asia-Pacific), Latin America and Rest of World. The report also analyzes the Flexible Printed Circuit Boards market at the global level by end-use applications - Automotive, Computers & Data Storage, Consumer Electronics, Defense & Aerospace, Displays, Mobile Phones and Others.

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