Dublin, Feb. 07, 2022 (GLOBE NEWSWIRE) — The “Flexible Printed Circuit Boards – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Flexible Printed Circuit Boards Market to Reach US$20.3 Billion by the Year 2026
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$20.3 Billion by 2026, growing at a CAGR of 9.2% over the analysis period.
FPCBs are increasingly supplanting rigid PCBs, particularly in applications where thickness is a major constraint. Increasingly, these circuits are finding usage in a wide variety of electronic products, including in niche segments such as wearable devices.
Another factor driving growth is that designers and fabricators have the option of choosing from simple to advanced forms of versatile interconnects, providing them with various assembly possibilities. As demand for end-use products such as LCD TVs, mobile phones, medical devices and other electronics devices in various end-use sectors continues to witness significant growth, demand for flexible circuits is expected to record substantial growth.
Double Sided, one of the segments analyzed in the report, is projected to grow at a 9.5% CAGR to reach US$10.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rigid-Flex segment is readjusted to a revised 8.6% CAGR for the next 7-year period. This segment currently accounts for a 21% share of the global Flexible Printed Circuit Boards market.
Single Sided Segment to Reach $3.2 Billion by 2026
Single-Sided Flexible Circuits, the most common type of flexible circuit, have one layer of conductor on a flexible base of dielectric film. Single-sided flexible circuits are highly cost effective given their simple design. Their slim and lightweight construction makes them suitable for wiring-replacement or dynamic-flexing applications including disk drives and computer printers.
In the global Single Sided segment, USA, Canada, Japan, China and Europe will drive the 7.5% 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$869.8 Million by the year 2026.
The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $5.3 Billion by 2026
The Flexible Printed Circuit Boards market in the U.S. is estimated at US$1.8 Billion in the year 2021. The country currently accounts for a 14.37% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$5.3 Billion in the year 2026 trailing a CAGR of 11.4% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR while Rest of European market (as defined in the study) will reach US$6 Billion by the end of the analysis period.
Significant investments in flex PCBs production technology by semiconductor producers are likely to propel market growth in the North America region. Growth in Asia-Pacific region is due to rising adoption of flex PCBs in electronics, aerospace and military, smart automotive, and IoT application areas.
In Europe, the rising use of automotive electronics is leading to the growing application of flex PCBs in the automotive sector.
