What Are The 5 Takeaways From The Flexible Printed Circuit Board Market Overview 2024
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The flexible printed circuit board market has experienced rapid growth, surging from $23.63 billion in 2023 to $26.20 billion in 2024, with a CAGR of 10.9%. This growth is driven by electronic device miniaturization, consumer electronics demand, medical device innovations, and military and aerospace applications. Projected to reach $38.81 billion by 2028 with a CAGR of 10.3%, factors include foldable devices emergence, EVs market expansion, healthcare wearables demand, smart packaging, and AI applications proliferation. Notable trends encompass IoT device adoption, foldable displays, electronic device miniaturization, automotive electronics integration, and materials advancements.
The flexible printed circuit board market is on an upward trajectory due to the surging adoption of electric vehicles, which rely heavily on these boards for efficient electronic component connectivity. The International Energy Agency’s data showcasing the increasing sales of electric cars highlights the indispensable role of flexible printed circuit boards in electric vehicle technology. Consequently, the growing adoption of electric vehicles is driving the growth of the flexible printed circuit board market.
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What Are The Key Trends That Influence Flexible Printed Circuit Board Market Share Analysis?
Major companies in the flexible printed circuit board market are introducing products like ultra-slim semiconductor bases to improve electrical performance in electronic devices. For instance, LG Innotek Co. Ltd. launched the 2-metal chip on film (COF) in February 2023, featuring enhanced signal transmission and support for high-resolution screens, enabling more compact designs.
Which Market Players Are Driving Growth In The Flexible Printed Circuit Board Market?
Major companies operating in the flexible printed circuit board market report are 3M Company, Jabil Inc., Flex Ltd., Nitto Denko Corporation, Samsung Electro-Mechanics Co. Ltd., Zhen Ding Technology Holding Limited, Fujikura Ltd., NOK Corporation (Nippon Mektron Ltd.), Molex LLC, TTM Technologies Inc., Tripod Technology Corporation, Austria Technologie & Systemtechnik Aktiengesellschaft, FLEXium Interconnect Inc., Multi-Fineline Electronix Inc., Cicor Group, Interflex Co. Ltd., ICHIA Technologies Inc., NewFlex Technology Co. Ltd., IEC Electronics Corp., Eltek Ltd., Career Technology Mfg. Co. Ltd., Sumitomo Electric Industries Ltd., Multek Corporation, Daeduck GDS Co. Ltd., Flexcom Inc.
How Is The Global Flexible Printed Circuit Board Market Segmented?
The flexible printed circuit board market covered in this report is segmented –
1) By Type: Single-Sided FPCBs, Double-Sided FPCBs, Multilayer FPCBs, Rigid-Flex FPCBs, Other Types
2) By Laminate: FR-4Polyamide, Composite Epoxy Material Grade-1, Paper, Other Laminates
3) By End User: Industrial Electronics, Aerospace And Defense, Information Technology And Telecom, Automotive, Consumer Electronics, Other End Users
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The Flexible Printed Circuit Board Global Market Report 2024 provides an overview of the flexible printed circuit boardmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flexible printed circuit board market forecast analyzes flexible printed circuit board market size, flexible printed circuit board market share, leading competitor and their market positions.
The Table Of Content For The Flexible Printed Circuit Board Market Include
1. Flexible Printed Circuit Board Market Executive Summary
2. Flexible Printed Circuit Board Market Segments
3. Flexible Printed Circuit Board Market Size And Template Market Growth Rate
4. Key Flexible Printed Circuit Board Market Trends
5. Major Flexible Printed Circuit Board Market Drivers
……
25. Key Mergers And Acquisitions In The Flexible Printed Circuit Board Market
26. Top Flexible Printed Circuit Board Companies
27. Flexible Printed Circuit Board Market Opportunities And Strategies
28. Flexible Printed Circuit Board Market, Conclusions And Recommendations
29. Appendix
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