Flexible Printed Circuit Board Market to grow by USD 1.64 bn | Rising Adoption of Smartphones to Drive Growth | Technavio

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NEW YORK, Dec. 7, 2021 /PRNewswire/ -- Some of the key vendors operating in the flexible printed circuit board market include Cicor Technologies Ltd. and Eltek Ltd. The market is expected to grow by USD 1.64 bn from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 3.73% during this period.

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

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Flexible Printed Circuit Board Market: Driver

The rising adoption of smartphones is one of the key factors driving the growth of the flexible printed circuit board market. The adoption of smartphones is rising globally owing to the availability of low-cost smartphones and increased penetration of the Internet globally. Developing countries such as India and China are emerging markets for smartphones as a result of increased disposable incomes and high population.

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Flexible Printed Circuit Board Market: Segmentation Analysis

The flexible printed circuit board market has been segmented by end-user (consumer electronics, automotive, industrial, and others) and geography (APAC, North America, Europe, MEA, and South America).

By end-user, the consumer electronics segment will dominate the flexible printed circuit board market during the forecast period. Consumer electronics require compact, multi-functional, flexible, and low-cost PCBs. Flexible PCBs offer space savings, reliability, low mass, and high ductility.

By geography, APAC is expected to dominate the market, with a share of 89% during the forecast period, with China, Taiwan, and Japan being the key countries. The high concentration of consumer electronics manufacturers, such as display device manufacturers and OLED panel manufacturers, will drive the flexible printed circuit board market growth in APAC during the forecast period.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Competitive scenario

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

USD 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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