Flexible Printed Circuit Boards Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Flexible Printed Circuit Boards Market

The global flexible printed circuit boards market is expected to witness a CAGR of 7.1% from 2021 to 2028. The market size is projected to reach USD 33.6 billion by 2028, up from USD 21.9 billion in 2021.

COVID-19 Impact on the Flexible Printed Circuit Boards Market

The COVID-19 pandemic had a significant impact on the flexible printed circuit boards market. With disruptions in the supply chain and manufacturing processes, the market experienced a slowdown in growth during the initial phase of the pandemic. However, the market recovered in the latter half of 2020 and has been growing steadily since then.

Flexible Printed Circuit Boards Dynamics

The demand for flexible printed circuit boards is driven by the growing adoption of wearable devices, smartphones, and other electronics that require flexible and lightweight components. The increasing focus on miniaturization and lightweight design in electronic devices is also contributing to the growth of the market.

Segments and Related Analysis

The flexible printed circuit boards market is segmented based on type, application, and region. By type, the market is divided into single-sided, double-sided, and multilayer flex circuits. In terms of application, the market is categorized into consumer electronics, automotive, healthcare, industrial, and others.

By Region Analysis

The flexible printed circuit boards market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the market due to the presence of major electronics manufacturers in countries like China, Japan, and South Korea.

Key Market Players and Competitive Landscape

Some of the key players in the flexible printed circuit boards market include Nippon Mektron, Fujikura, Sumitomo Electric Industries, Flexcom, and Multek. These companies are actively involved in product development, collaborations, and acquisitions to strengthen their market position.

Recent Happenings in the Flexible Printed Circuit Boards Market

In recent news, Nippon Mektron announced the launch of a new line of flexible printed circuit boards with enhanced durability and flexibility. This development is expected to cater to the increasing demand for flexible electronics in various industries.