Covid-19 Impact on Flexible Printed Circuit Board Market, by Application (Medical, Automotive, Telecommunication, Consumer Electronics), by Component (Conductor, Adhesive, Insulator, Stiffener), by Type (Double-sided, Sculptured) - Forecast 2022
The global flexible printed circuit board market is growing at the rapid pace owing to growing demand of small & flexible electronics product, growing advancement in conductive materials, growing market of disposable electronics, and growing advancement in technology such as IOT (internet of things) and wearable device market among others. According to a recent study report published by the Market Research Future, The global Covid-19 Impact on Flexible Printed Circuit Board Market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The rise in demand for small, flexible electronics will be an important trend in the market. Another trend expected to hold a positive influence on market, includes growing use of flex circuits in electronic wearable. Further, emerging interest in polymer plastic solar cells and flexible smartphones will create a plethora of opportunities for key market players in near future. An emerging trend of disposable electronics will also support market growth over the next few years. FPCB manufacturers are likely to encounter with a number of opportunities in healthcare sector.
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The increase in demand of consumer electronics product fuel the global FPCB market. Maintenance of compact nature of the device along with optimum wirings for interconnectivity is the major challenge faced by the mobile market. To overcome this barrier, majority of mobile manufacturers focus on more efficient flexible PCBs solutions. FPCBs are applicable in consumer electronics such as mobile phones, LCD display, connectivity antennas, and flexible circuitry used in rechargeable batteries. With rise in demand and production of these devices, the market growth is projected to increase. FPCBs provide significant interconnectivity solutions for such electronic devices.
Some of the key players in Flexible Printed Circuit Board Market are 3M Company (U.S.), BHflex co. Ltd. (South Korea), Flexible Circuit technology (U.S.), Sumitomo Electric Industries (Japan), Fujikura (Japan), Daeduck GDS Co. Ltd. (South Korea), Career technology Co. Ltd. (Taiwan), Flexcom Ltd. (South Korea), Interflex Co. Ltd. (South Korea), Orbotech Ltd. (Israel) and Zhen ding Technologies (Taiwan) among others.
- By type, the global flexible printed circuit board market has been segmented into multilayer flex, double-sided flex, rigid flex, and single-sided flex. The multilayer flex segment has been forecasted to exhibit tremendous growth and surpass a valuation of USD 10,000 Mn by 2022-end. The growth is primarily attributable to increasing applications in the aerospace & defense industry.
- By application area, the flexible printed circuit board market has been segmented into consumer electronics, wearables, aerospace & defense, medical devices, manufacturing, automotive, and others. The consumer electronics segment is poised to demonstrate a steep rise in the growth curve over the next couple of years. In addition, the manufacturing segment is anticipated to scale a CAGR of 11.7% over the projection period.
By region, the global flexible printed circuit board market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific currently accounts for around accounted for 52.7% market share in 2017 and was valued at over USD 7,400 Mn. It is forecasted to thrive substantially over the review period at a CAGR of 12.2%. The rapid developments in the consumer electronics industry is prognosticated to support the expansion of the flexible printed circuit board market in the region. Also, the expansion of production levels witnessed among the key players based out of China, Japan, and Taiwan is anticipated to drive market growth. North America is placed at the second position in the global marketplace. It was valued at USD 3,316.51 Mn in 2017 and is presumed to strike a CAGR of 14% between 2018 and 2022.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Market: By Region, 2017-2022
Table 2 North America Market: By Country, 2017-2022
Table 3 Europe Market: By Country, 2017-2022
Table 4 Asia Pacific Market: By Country, 2017-2022
Table 5 The Middle East & Africa Market: By Country, 2017-2022
Table 6 Latin America Market: By Country, 2017-2022
Table 7 Global Flexible Printed Circuit Board By Technology Market: By Regions, 2017-2022
Table 8 North America Flexible Printed Circuit Board By Technology Market: By Country, 2017-2022
Table 9 Europe Flexible Printed Circuit Board By Technology Market: By Country, 2017-2022
Table10 Asia Pacific Flexible Printed Circuit Board By Technology Market: By Country, 2017-2022
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