Enjoy complimentary customisation on priority with our Enterprise License!
The flexible printed circuit board market size is forecast to increase by USD 1.6 billion, at a CAGR of 3.43% between 2023 and 2028.
The flexible printed circuit board industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market caters to the consumer electronics sector, including audio systems, smartphones, tablets, personal computers, smart home appliances, smart wearables, and TVs. FPCBs are essential for these devices due to their compact size, high reliability, and low mass. Flexible PCBs offer advantages such as space savings, lightweight design, and high ductility, making them ideal for compact, multi-functional devices. These boards feature fast electrical transmission rates, thin structural designs, and low power consumption, contributing to their widespread adoption.
Key technologies in FPCB manufacturing include Copperclad laminates, Polyimide film, adhesive materials, conductive inks, and solder. FPCBs are integral to the operation of devices, with applications ranging from flexible diode displays and organic light-emitting diodes to telecommunication and electronic appliances. The automotive, industrial, and healthcare sectors also utilize FPCBs for advanced electronics integration, customization, and manufacturing advancements.
Get a glance at the market report of share of various segments Request Free Sample
The consumer electronics segment was valued at USD 2.31 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market size of various regions, Request Free Sample
The flexible printed circuit board (FPCB) market is primarily driven by the consumer electronics industry, with APAC leading the global market due to the region's high concentration of manufacturers. The established electronics supply chain in APAC, including flat-panel TV, smartphone, tablet, and wearable device manufacturers in South Korea, Japan, Taiwan, and China, will continue to fuel market growth. Flexible PCBs enable efficient interconnectivity, circuit complexity, and electronic device miniaturization, making them essential for foldable smartphones, artificial intelligence, 5G, high-speed electronics, green PCBs, and various consumer and industrial applications.
Key components of FPCBs include Copper clad laminates, adhesive materials, conductive inks, resistors, capacitors, integrated circuits, and solder. Manufacturing advancements, such as the use of polyimide film, stiffeners, and conductive inks, enhance the flexibility and reliability of FPCBs. The market is further expected to benefit from the increasing demand for lightweight, foldable devices in sectors like electric vehicles, healthcare wearables, smart packaging solutions, and automotive electronics integration.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising adoption of smartphones is the key driver of the market.
The global adoption of smartphones is anticipated to grow rapidly due to the availability of affordable smartphones and the expansion of global internet access. In emerging markets like India and China, where disposable incomes are rising and populations are large, the demand for smartphones is increasing. Additionally, smartphones have evolved from 4G LTE to 5G, with 5G smartphones requiring more space for RF front ends due to the complexity of massive multiple-input multiple-output (MIMO) antenna systems. As the volume of data processed by 5G systems grows, the need for higher battery capacity will also increase.
This necessitates further miniaturization and compression of PCBs and electronic components to achieve higher density and smaller form factors, leading to the development of thinner, more complex high-density interconnect (HDI) PCBs. In 2023, the global flexible printed circuit board market has been heavily influenced by the increasing demand for flexible PCBs in mobile devices. The rise in smartphone adoption in developing Asian countries is further boosting this trend. With the rising number of mobile devices, the market for flexible PCBs is expanding.
Increasing industry automation is the upcoming market trend.
The adoption of automation in industries is rapidly increasing as companies turn to computers and machines for more effective and efficient control systems. To remain competitive in the global flexible printed circuit board market, industries are being driven to implement automation, which helps optimize productivity, reduce operation costs, improve product quality, and enhance safety. One of the key concerns with the rising power density of electrical equipment is ensuring optimal power consumption, and flexible PCBs play a crucial role in enabling efficient power usage within smaller application sizes.
Additionally, the growing use of co-bots, industrial robots, and drones is contributing to the rise of industrial automation. Flexible PCBs are expected to see increasing adoption in industrial applications due to their benefits, including significant reductions in space, weight, and costs when compared to equivalent solutions using rigid PCBs. These advantages will drive the growth of the global flexible printed circuit board market during the forecast period.
Changing market dynamics is a key challenge affecting the industry growth.
The global electronic component market is heavily influenced by the ongoing trade conflict between the US and China. Both nations have imposed tariffs and restrictions on a wide range of goods, including electronic components like flexible PCBs, transformers, and integrated circuits (ICs). These tariffs have led to an increase in the average selling price (ASP) of ICs and the equipment that incorporates these components. Consequently, there has been a decline in demand for these products in the affected markets, resulting in a demand-supply imbalance within the global electronic components market.
The US-China trade war is expected to negatively impact the pricing of many components. For instance, the prices of PCBs decreased in 2022 due to the combined effects of the trade war and an oversupply in the market. However, this price reduction may create additional pricing pressures on PCB manufacturers, particularly those with low-profit margins. Such macroeconomic factors heighten operational risks for vendors, which could hinder the growth of the global flexible printed circuit board market during the forecast period.
The flexible printed circuit board market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the flexible printed circuit board market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, flexible printed circuit board market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The flexible printed circuit board (FPCB) market encompasses a wide range of advanced technologies that cater to the evolving demands of various industries. These boards, which can be bent or folded without damage, offer significant advantages over traditional rigid boards in terms of efficient interconnectivity, circuit complexity, and electronic device miniaturization. FPCBs have gained increasing popularity In the consumer electronics sector, particularly In the development of foldable smartphones. The integration of artificial intelligence (AI) and the Internet of Things (IoT) In these devices necessitates high-speed electronics, which FPCBs can deliver through their flexibility and compact design. Moreover, the automotive industry is also embracing FPCBs for their lightweight and foldable properties, contributing to the growth of this market.
Further, the integration of FPCBs in electric vehicles and healthcare wearables is expected to drive demand, as these applications require efficient interconnectivity and compact components. The manufacturing process of FPCBs involves the use of copper clad laminate, polyimide film, adhesive materials, conductive inks, resistors, capacitors, and integrated circuits. Copper foil is applied to the laminate, followed by the deposition of conductive patterns using photo-imagable processes. The application of adhesive materials, coverlay, stiffeners, and solder paste completes the manufacturing process. Manufacturing advancements, such as technological integration and customization, have enabled the production of tailored FPCBs for various applications. This design freedom and high packaging flexibility have led to improved quality performance and error detection, ensuring the reliability and accuracy of electronic devices.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
139 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3.43% |
|
Market Growth 2024-2028 |
USD 1.6 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
3.27 |
|
Key countries |
China, Taiwan, South Korea, US, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this flexible printed circuit board market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
