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

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71510
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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?

Download the Free Report Sample to Unlock the Flexible Printed Circuit Board Market Size for the Forecast Period and Other Important Statistics

 

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

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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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Consumer electronics - Market size and forecast 2021-2026
    • Automotive - Market size and forecast 2021-2026
    • Industrial - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2021-2026
    • North America - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AT and S Austria Technologie and Systemtechnik Aktiengesellschaft
    • Cicor Technologies Ltd.
    • Eltek Ltd.
    • RAYMING TECHNOLOGY
    • Shenzhen Kinwong Electronic Co. Ltd.
    • Sumitomo Electric Industries Ltd.
    • TTM Technologies Inc.
    • Unimicron Technology Corp.
    • Zhen Ding Technology Holding Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The flexible printed circuit board market growth will increase by $1649.94 million during 2021-2026.
    The flexible printed circuit board market is expected to grow at a CAGR of 3.73% during 2021-2026.
    Technavio has segmented the flexible printed circuit board market by end user (Consumer electronics, Automotive, Industrial, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
    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. are a few of the key vendors in the flexible printed circuit board market.
    APAC will register the highest growth rate of 88.91% among the other regions. Therefore, the flexible printed circuit board market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the flexible printed circuit board market growth are:
    • Rising adoption of smartphones
    The flexible printed circuit board market vendors should focus on grabbing business opportunities from the consumer electronics segment as it accounted for the largest market share in the base year.
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