-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
Getting to Know Your Designer
In this issue, we examine how fabs work with their design customers, educating them on the critical elements of fabrication needed to be successful, as well as the many tradeoffs involved. How well do you really know your customer? What makes for a closer, more synchronized working relationship?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Flexible PCB Market Expected to Reach $27 Billion by 2022
January 19, 2017 | PRNewswireEstimated reading time: 2 minutes
According to a new report published by Allied Market Research, titled "Flexible Printed Circuit Boards Market-Global Opportunity Analysis and Industry Forecast, 2015-2022," the global flexible printed circuit boards (FPCBs) market is anticipated to reach $27 billion by 2022, with a CAGR of 10.4% from 2016 to 2022. Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 46% in 2015, followed by North America.
FPCBs are widely used across applications such as LCD display, mobile screen, connectivity antennas, and flexible circuitry used in rechargeable batteries. Growth in demand for consumer electronic goods, increase in popularity of Internet of Things (IoT), and adoption of FPCBs in automotive applications drive the market growth. Moreover, increase in demand for automated robots is expected to provide lucrative opportunities to market players. Multilayer FPCBs led the FPCBs market, and is expected to maintain this trend throughout the forecast period. However, the rigid-flex FPCBs segment is expected to witness significant growth in the future, owing to the compact size and low power consumption.
Among end user, consumer electronics dominated the global market in 2015, accounting for about 30% share. However, automotive electronics is expected to grow at the highest CAGR of 10.7%, owing to increase in demand for durable devices with enhanced efficiency.
Asia-Pacific was the major revenue contributor in 2015, and is expected to maintain its dominance in the future, owing to increase in number of electronic applications. Moreover, developments in consumer electronics and industrial systems are expected to boost the FPCBs market growth, especially in the Asian countries, such as China, Japan, Oceania, and India.
"Flexible PCBs are highly efficient interconnectivity solutions used for a wide range of electronic devices with complex circuitry. Moreover, they offer numerous benefits such as high efficiency and reduced system maintenance. Multilayer FPCBs represent almost 30% of the total FPCBs market, owing to their resilience and high efficiency. In addition, substantial demand for electronics applications and customer shift towards compact printing to achieve better efficiency are expected to fuel its adoption in the consumer electronics, automotive, and other industry sectors," states Jeshin Jayamon, Research Analyst, Semiconductor & Electronics Research, Allied Market Research.
LAMEA is projected to grow at the highest CAGR during the analysis period, owing to increase in portable appliances and rise in the adoption of FPCBs in automotive applications. Moreover, technological advancements to overcome power loss issues in extreme conditions are projected to offer lucrative opportunities for market players in the near future.
Key findings of the study
- In 2015, multilayer FPCBs dominated the global FPCBs market, in terms of revenue, and is projected to grow at a CAGR of 10.7% during the forecast period.
- Consumer electronics led the market, accounting for about 30% share in 2015.
- China was the major shareholder in the Asia-Pacific FPCBs market, accounting for about 34% in 2015.
The key players operating in the FPCB market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include NOK Corporation (Nippon Mektron Ltd.), Sumitomo Electric Industries, Ltd. (SEI), Fujikura Ltd., Multi-Fineline Electronix, Inc., Zhen Ding Technology Holding Limited (ZDT), Nitto Denko Corp., Interflex Co., Ltd., Career Technology, FLEXium Interconnect, Inc., and ICHIA Technologies Inc.
Suggested Items
iNEMI Webinar: Humidity Robustness and Insulation Coordination for e-Mobility
03/27/2024 | iNEMIThis webinar is a follow-up to the recent Seminar on Humidity Robustness and Insulation Coordination for e-Mobility, organized by iNEMI and ZESTRON Europe and supported by the ECPE.
Electronics Industry Sentiment Rises in March
03/27/2024 | IPCIPC releases March 2024 Global Sentiment of the Electronics Supply Chain Report
Mycronic to Showcase More Versatile, High-productivity Assembly Solutions at IPC APEX EXPO 2024
03/27/2024 | MycronicMycronic, the leading Sweden-based electronics assembly solutions provider, will continue to respond to growing customer demand for high-flexibility, high-productivity solutions for zero-defect PCB assembly at IPC APEX EXPO 2024 in Anaheim, CA on April 9 - 11.
Don Dennison Appointed to Roll Out KIC’s Latest Thermal Analysis System Software in the Northeast
03/26/2024 | KICKIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, is pleased to announce the appointment of PIT Equipment Services, LLC, led by Don Dennison, as its representative for New York, New Jersey, and Eastern Pennsylvania.
The Many Complexities of PFAS
03/26/2024 | Marcy LaRont, PCB007 MagazineIn its simplest definition, PFAS is a group of chemicals used to make fluoropolymer coatings and products that resist heat, oil, stains, grease, and water. Fluoropolymer coatings can be in a variety of products. Though this definition is not inaccurate, it can be misleading. Depending on who you ask, there are upward of 10,000 PFAS chemistries that can meet various definitions.