Global Flexible Printed Circuit Board (FPCB) Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC48371 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 20th, 2023

The global flexible printed circuit boards market size is projected to grow at a robust CAGR of around 10% during the forecast period 2021 to 2027. The increasing demand for consumer electronics around the world is a primary factor to drive the market growth. Furthermore, better performance, high packaging flexibility, and reliable applications are some other factors to propel market growth. Moreover, the advantages associated with the FPCB such as lightweight, simple structuring, and design are expected to increase demand for flexible electronics.

Market Drivers:

Miniaturization of Electronic Devices: The ongoing trend of miniaturization in electronic devices, such as smartphones, wearables, and consumer electronics, requires compact and flexible circuitry solutions. FPCBs offer advantages in terms of size, weight, and flexibility, making them an ideal choice for space-constrained applications, thereby driving their demand.

Growing Demand for Lightweight and Flexible Electronics: The demand for lightweight and flexible electronic devices is increasing across industries. FPCBs enable the development of flexible and bendable electronic products, providing design flexibility, durability, and improved form factors. This drives the adoption of FPCBs in industries such as automotive, aerospace, healthcare, and consumer electronics.

Increased Use in Automotive Electronics: The automotive industry is increasingly incorporating advanced electronics and connectivity features into vehicles. FPCBs are well-suited for automotive applications due to their ability to withstand vibrations, temperature variations, and space constraints. The growing adoption of FPCBs in automotive electronics, including infotainment systems, navigation, and advanced driver-assistance systems (ADAS), drives the market.

Advancements in Internet of Things (IoT) and Wearable Devices: The proliferation of IoT devices and wearable technology fuels the demand for FPCBs. These devices require flexible and reliable circuitry to enable seamless connectivity, compactness, and user comfort. FPCBs facilitate the integration of sensors, antennas, and other components into wearable and IoT devices, driving their adoption.

Increasing Demand for Consumer Electronics: The consumer electronics industry, including smartphones, tablets, laptops, and gaming devices, drives the demand for FPCBs. FPCBs offer advantages such as space-saving designs, high-density interconnections, and improved signal transmission, meeting the requirements of advanced consumer electronic devices.

Technological Advancements and Innovation: Technological advancements in FPCB manufacturing processes, materials, and design techniques contribute to market growth. Innovations such as flexible hybrid circuits (FHCs) and the development of stretchable FPCBs expand the range of applications and drive the adoption of FPCBs in various industries.

Cost and Performance Benefits: FPCBs provide cost and performance advantages compared to traditional rigid PCBs in certain applications. They offer reduced material usage, simplified assembly processes, and improved signal integrity. These benefits make FPCBs an attractive choice for manufacturers looking to enhance product performance and reduce production costs.

Increasing Focus on Electric Vehicles (EVs): The growing adoption of electric vehicles necessitates advanced electronic systems and components. FPCBs play a crucial role in the development of EVs, enabling lightweight and flexible circuitry solutions for battery management systems, charging infrastructure, and power electronics.

Emerging Applications in Healthcare and Medical Devices: FPCBs find applications in the healthcare industry, including medical devices, diagnostic equipment, and implantable devices. Their flexibility, compactness, and biocompatibility make them suitable for medical applications, driving their demand in this sector.

Growing Demand in Industrial and Robotics Applications: FPCBs are widely used in industrial automation, robotics, and control systems. They provide reliable interconnectivity, compactness, and resistance to harsh operating environments. The increasing automation and robotics trends in industries such as manufacturing, logistics, and healthcare contribute to the demand for FPCBs.

Market Outlook:

Benchmark Year 2022
Market Size lock
Market Growth (CAGR) ~ 10% (2023-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players 3M Company, BHflex Co., Ltd., Career Technology (MFG.) Co., Ltd., Flexium Interconnect, Inc., and Fujikura Ltd.

Market Insights:

The global flexible printed circuit boards market is bifurcated into type, end-user, and geography. On the basis of type, the market is further segmented into double-sided, rigid-flex, single-sided, multilayer, and others. The double-sided segment dominated the global market in 2020 and expected to maintain its dominance over the forecast period. the segment is also expected to grow at the fastest growth rate over the forecast period and expected to hold the largest revenue share of around half of the market by 2027.

On the basis of end-user, the market is segmented into consumer electronics, automotive, industrial, and others. The consumer electronics segment dominated the global flexible printed circuit boards market in 2020 and expected to maintain its dominance over the forecast period. The increasing demand for consumer electronics such as cell phones, smart devices, and wearable devices is anticipated to drive the segment growth over the forecast period. On the other hand, the automotive segment is expected to grow at a significant growth rate due to the increasing demand for electrical vehicles across the globe.

Flexible Printed Circuit Boards Market Forecast

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The flexible printed circuit boards comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The flexible printed circuit boards market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Market Segmentation:

By Type:

  • Double Sided
  • Rigid-Flex
  • Single Sided
  • Multilayer
  • Others

By Application:

  • Consumer Electronics
  • Automotive
  • Industrial
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage

Geographically, North America holds a major market share of over one-fourth percent of the global flexible printed circuit boards market and is expected to grow at a significant growth rate over the forecast period. The Asia Pacific is expected to grow at the fastest growth rate over the forecast period due to the increasing demand for flexible electronics. The increasing demand for consumer electronics and the rising adoption of smart devices is expected to drive the market growth in the Asia Pacific.

Competition Assessment

Some of the major players operating in the global flexible printed circuit boards market are 3M Company, BHflex Co., Ltd., Career Technology (MFG.) Co., Ltd., Flexium Interconnect, Inc., and Fujikura Ltd. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • 3M Company
  • 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.
  • Newflex Technology Co., Ltd.
  • Nippon Mektron, Ltd.

Key Questions Answered by Flexible Printed Circuit Boards Market Report

  • Global flexible printed circuit boards market forecasts from 2021-2027
  • Regional flexible printed circuit boards market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Flexible printed circuit boards submarket forecasts from 2021-2027 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to flexible printed circuit boards market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level flexible printed circuit boards markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the flexible printed circuit boards market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Flexible Printed Circuit Boards Market Portraiture
2.2. Global Flexible Printed Circuit Boards Market, by Type, 2020 (USD Mn)
2.3. Global Flexible Printed Circuit Boards Market, by End-User, 2020 (USD Mn)
2.4. Global Flexible Printed Circuit Boards Market, by Geography, 2020 (USD Mn)

 

3. Global Flexible Printed Circuit Boards Market Analysis


3.1. Flexible Printed Circuit Boards Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Flexible Printed Circuit Boards Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Double Sided
4.3. Rigid-Flex
4.4. Single Sided
4.5. Multilayer
4.6. Others

 

5. Global Flexible Printed Circuit Boards Market By End-User, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Consumer Electronics
5.3. Automotive
5.4. Industrial
5.5. Others

 

6. North America Flexible Printed Circuit Boards Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
6.1.3. North America Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
6.1.4. North America Flexible Printed Circuit Boards Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)

 

7. Europe Flexible Printed Circuit Boards Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
7.1.3. Europe Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
7.1.4. Europe Flexible Printed Circuit Boards Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)

 

8. Asia Pacific Flexible Printed Circuit Boards Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
8.1.4. Asia Pacific Flexible Printed Circuit Boards Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)

 

9. Latin America (LATAM) Flexible Printed Circuit Boards Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
9.1.4. Latin America Flexible Printed Circuit Boards Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)

 

10. Middle East and Africa Flexible Printed Circuit Boards Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
10.1.3. MEA Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
10.1.4. Middle East and Africa Flexible Printed Circuit Boards Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Flexible Printed Circuit Boards Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Flexible Printed Circuit Boards Market by End-User (2018-2027 USD Mn)

 

11. Company Profiles


11.1. 3M Company
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. BHflex Co., Ltd.
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Career Technology (MFG.) Co., Ltd.
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Flexium Interconnect, Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Fujikura Ltd.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Ichia Technologies, Inc.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Interflex Co., Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. MFS Technology
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Multi-Fineline Electronix, Inc.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Newflex Technology Co., Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
11.11. Nippon Mektron, Ltd.
11.11.1. Business Description
11.11.2. Financial Health and Budget Allocation
11.11.3. Product Positions/Portfolio
11.11.4. Recent Development
11.11.5. SWOT Analysis
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