Flexible PCB Manufacturer: The Market Trends of 20202020-07-27
The Flexible PCB Manufacturers Market Trends | 2020
This Flexible PCB manufacturer market study offers a concise analysis of the key strategies, business models, and the respective market shares of the most popular players it the industry. It would also focus on the key influencing factors as well as the market statistics including region wise data, segment-wise data, country-wise data, and revenues.
In short, we will be capturing all the facets related to the progress and development of flexible PCBs in the market. So, without any further delay let us get started!
Market Analysis for Flexible PCB Manufacturer
Modern electronics turn more towards flexible Printed Circuit Boards then they would towards standard PCBs. Mainly because these devices have complex circuity and a standard PCB will not be able to yield the desired results.
In addition to being small, the sophisticated Flexible Printed Circuit boards help on reducing the entire interconnectivity solution cost. We will be fostering the Flexible Printed Circuit Board market for the next ten years (2017-2017).
Flexible PCB Key Market Dynamics
Due to the efficiency, flexibility, and robustness of the Flexible Printed Circuit Boards, the demands are rising especially by manufacturers of mobile devices, smartphones, connectivity antennas, rechargeable batteries, and connectivity antennas.
Also, it seems that the explosion of the consumer electronics sector, growing automotive sector’s application, and the rising acceptance of IoT is bound to have a positive impact on the sales of Flexible Printed Circuit Boards, especially in the coming few years.
Flexibility factor and quality performance of the Flexible Printed Circuit Boards tend to make them the first choice for numerous manufacturers across industries. They want to incorporate F-PCB in their equipment to ensure reliability and better performance.
In the near future, among the most prominent trends of the Flexible PCB global market would be the surge adoption of Rigid-Flex Flexible Printed Circuit Boards and the Multi-layer Flexible Printed Circuit Boards. In addition, the increased demand for automated robots indicates that there is a lucrative growth opportunity that is likely to come forward for the key market players of Flexible Printed Circuit Boards, especially in the coming few years.
Moreover, the market is likely to be pushed forward due to innovation in circuit material and fabrication technology.
Current Market Trends of Flexible PCB
There is no denying that the main consumers of Flexible Printed Circuit Boards have been the consumer electronics industry. However, the trends indicate that there will be an increase in consumption of Flex-PCB in the automotive electronics sector especially during the fueling of sales and the assessment period.
Furthermore, the demand from the defense and aerospace industry is likely to increase in the next decade. Another important trend in the market would be the increase in demand for flexible, small electronics. Since the usage of wearables is becoming increasingly common, thus, it will have a positive impact on the market.
Also, the emerging interest in foldable smartphones will open up gates for key market players. Likewise. , there is a lot of potential for or the polymer plastic solar cells players. The developing trend of disposable electronics will also have a positive impact on the growth of the market in the coming years. What more is that a Flexible PCB manufacturer is going to encounter several challenging and exciting opportunities in the healthcare industry. Nonetheless, the up-front cost of Flexible Printed Circuit Boards is going to remain a major problem especially when it comes to the rapid mass adoption of this amazing technology.
Global Flex-PCB Market Segmentation
By Product Type
- Rigid-Flex Circuits
- Multi-layer Flex Circuits
- Double-Sided Flex Circuits
- Double Access Flex Circuits
- Single-Sided Flex Circuits
- Industrial Electronics
- Aerospace and Defense industry
- Telecommunications Industry
- Automotive Industry
- Consumer Electronics
- Data Storage
- Medical and Healthcare Equipment
- Middle East
- Asia Pacific
- Eastern Europe
- Western Europe
- Latin America
- North America
Growth Challenges and Drivers of Flexible PCB
Flex-PCBs are an important part of consumer electronics including computers, smartphones, electric circuitry that we usually see in rechargeable batteries. For modern mobile manufacturers, two major challenges present themselves. First, is to maintain the current compact nature of their devices. Second, to increase it to make the devices offer more while covering less space.
In order to overcome these barriers, the mobile manufacturing industries are focusing on have reliable and effective Flexible Printed Circuit Board solutions. The growing production and rising penetration of these devices are resulting in increased demand for PCBs.
After all, Flexible Printed Circuit boards offer higher density at a compact size. Something the conventional Printed Circuit Board was unable to do so. Due to these factors, currently, Flexible PCBs are rapidly taking place instead of the conventional wiring interconnectivity. It seems that the coming years will be extremely beneficial for the modern and sophisticated Flexible Printed Circuit Boards.
Market Forecast and Size
According to data in 2016, the Global Market of Flexible Printed Circuit Board accounts for $12.4 billion. In addition, statistics show that the market will have an annual growth rate of 12.4% over the time the forecasted time period – 2017 to 2030.
Based on geographical data, the Asia Pacific is the largest hub. Especially, when it comes to semiconductors is also the biggest revenue generator for Flexible Printed Circuit Boards. It is responsible for a $5.2 billion revenue share of the Flex-PCB.
The trends show that the Asia Pacific is going to contribute more towards the growth and development of the Flexible Printed Circuit Boards. After the Asia Pacific, we have North America at number two. Being the second-largest market holder of the Flex-Printed Boards, it contributes significantly towards the growth and increased demand of the Flexible Printed Circuit Board.
North America roughly holds about 22% of the global market shares of Flexible Printed Circuit Boards. Even though Flex-PCB has great protentional in the future. However, it’s the upfront cost that can be a big challenge and hurdle when it comes to the industry to thrive and prosper.
The growing demand for Flexible PCB would require a reliable Flexible PCB manufacturer. Therefore, we recommend you reach out today for more information on Flex and other types of Printed Circuit Boards.