Flexible Printed Circuit Board Market by End-user and Geography - Forecast and Analysis 2022-2026

The flexible printed circuit board market share is expected to increase by USD 1.64 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.73%.

This flexible printed circuit board market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (consumer electronics, automotive, industrial, and others) and geography (APAC, North America, Europe, MEA, and South America). The flexible printed circuit board market report also offers information on several market vendors, including AT and S Austria Technologie and Systemtechnik Aktiengesellschaft, Cicor Technologies Ltd., Eltek Ltd., RAYMING TECHNOLOGY, Shenzhen Kinwong Electronic Co. Ltd., Sumitomo Electric Industries Ltd., Suzhou Dongshan Precision Manufacturing Co.,Ltd., TTM Technologies Inc., Unimicron Technology Corp., and Zhen Ding Technology Holding Ltd. among others.

What will the Flexible Printed Circuit Board Market Size be During the Forecast Period?

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Flexible Printed Circuit Board Market: Key Drivers and Trends

The rising adoption of smartphones is notably driving the flexible printed circuit board market growth, although factors such as changing market dynamics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flexible printed circuit board industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Flexible Printed Circuit Board Market Driver

One of the key factors driving growth in the flexible printed circuit board market is the rising adoption of smartphones. The global adoption of smartphones is expected to rise rapidly owing to the availability of low-cost smartphones and increased global Internet penetration. As a result of increased disposable incomes and high population, developing countries such as India and China are becoming emerging markets for smartphones. Moreover, smartphones have progressed from 4G LTE to 5G, with RF front ends using more space in 5G smartphones owing to the complexity of massive multiple-in multiple-out (MIMO) antenna arrangements. The global flexible PCB market has been dominated by the growing need for flexible PCB designing for mobile devices in 2020. Global smartphone shipments are expected to reach more than 1.75 billion units by 2021, offering a huge opportunity for flexible PCB vendors, as the increasing smartphone shipments will enhance the production of and demand for flexible PCBs.

Key Flexible Printed Circuit Board Market Challenge

The changing market dynamics will be another major challenge for the flexible printed circuit board market vendors. The global electronic component market is significantly impacted by the ongoing trade war between the US and China. Owing to this trade war, both countries have levied tariffs and restrictions on multiple goods, including electronic components such as flexible PCBs, transformers, and integrated circuits (ICs). The imposition of these tariffs has increased the average selling price (ASP) of the ICs and the equipment in which these ICs and electronic components are integrated. This has resulted in a decline in the demand for these products in the respective markets, thereby creating a demand-supply imbalance in the electronic components market. The impact of such macroeconomic factors increases the operational risks of vendors operating in the market, thereby hampering the market growth

This flexible printed circuit board market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Flexible Printed Circuit Board Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AT and S Austria Technologie and Systemtechnik Aktiengesellschaft
• Cicor Technologies Ltd.
• Eltek Ltd.
• RAYMING TECHNOLOGY
• Shenzhen Kinwong Electronic Co. Ltd.
• Sumitomo Electric Industries Ltd.
• Suzhou Dongshan Precision Manufacturing Co.,Ltd.
• TTM Technologies Inc.
• Unimicron Technology Corp.
• Zhen Ding Technology Holding Ltd.

 

This statistical study of the flexible printed circuit board market encompasses successful business strategies deployed by the key vendors. The flexible printed circuit board market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The flexible printed circuit board market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Flexible Printed Circuit Board Market?

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89% of the market's growth will originate from APAC during the forecast period. China, Taiwan, and Japan are the key markets for flexible printed circuit boards in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high concentration of consumer electronics manufacturers, such as display device manufacturers and OLED panel manufacturers, in the region, will facilitate the flexible printed circuit board market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Flexible Printed Circuit Board Market?

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The flexible printed circuit board market share growth by the consumer electronics segment will be significant during the forecast period. The consumer electronics segment demands compact and multi-functional flexible PCBs in the low-price range. Space savings, greater reliability, low mass, and high ductility are some of the advantages offered by flexible PCBs. Flexible PCBs with a fast rate of electrical transmission, thin structural designs, lightweight, and less consumption of power are widely adopted. In 2020, the majority of the growth in the market was driven by consumer electronic products that require PCBs, such as flexible PCBs, with lower layer counts. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the flexible printed circuit board market size and actionable market insights on post COVID-19 impact on each segment.

 

Flexible Printed Circuit Board Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.73%
Market growth 2022-2026	$ 1.64 billion
Market structure	Fragmented
YoY growth (%)	3.13
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 89%
Key consumer countries	China, Taiwan, South America, Japan, and US
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AT and S Austria Technologie and Systemtechnik Aktiengesellschaft, Cicor Technologies Ltd., Eltek Ltd., RAYMING TECHNOLOGY, Shenzhen Kinwong Electronic Co. Ltd., Sumitomo Electric Industries Ltd., Suzhou Dongshan Precision Manufacturing Co.,Ltd., TTM Technologies Inc., Unimicron Technology Corp., and Zhen Ding Technology Holding Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Flexible Printed Circuit Board Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive flexible printed circuit board market growth during the next five years
• Precise estimation of the flexible printed circuit board market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the flexible printed circuit board industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of flexible printed circuit board market vendors

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