Global Flexible Printed Circuit Board (FPCB) Market: Snapshot
With the increasing demand for smartphones, tablets, LCD screens, and other consumer electronic products, the global market for flexile printed circuit boards (FPCBs) is observing a high-paced rise. The aviation and the defense industries are also emerging as key end users of these boards, which is likely to support the growth of this market in the years to come.
The opportunity in this market is expanding at a healthy CAGR of 11.80% between 2018 and 2026, increasing from US$13.51 bn in 2017 and rising to US$38.27 bn by the end of 2026. The increasing awareness about the advantages of FPCBs in comparison with rigid or conventional PCBs is also projected to fuel the demand for them over the forthcoming years.
Customization as per your requirement, Buy Now
Multi-layer Flex Circuits to Report Strong Demand
The global market for flexile printed circuit boards is broadly analyzed on the basis of the type of the board and end user. Based on the type, the market is categorized into single sided flex circuits, double sided flex circuits, rigid flex circuits, and multi-layer flex circuits. Among these, the multi-layer flex circuits segment led the global market in 2017 with a share of 35.77% and is projected to remain on the top over the next few years.
By the application, the market is classified into the instrumentation and medical, computer and data storage, telecommunication, defense and aerospace, consumer electronics, automotive, and the industrial electronics sectors. The demand for FPCBs is comparatively higher in the consumer electronics industry and is expected to remain so in the near future.
To gauge the scope of customization in our reports, Ask for a Sample
Asia Pacific to Remain Dominant
The worldwide market for flexible printed circuit boards is also studied on the basis of the geography. North America (U.S, Canada, and Mexico), South America (Brazil and the Rest of South America), Europe (The U.K., Italy, France, Germany, and the Rest of Europe), Asia Pacific (Japan, China, India, South Korea, and the Rest of Asia Pacific), and the Middle East and Africa (the UAE, South Africa, and the Rest of Middle East and Africa) have surfaced as the key regional segments in this market.
Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/process-innovations-and-demand-for-value-added-services-create-new-revenue-streams-in-property-tax-services-market-delivery-by-outsourcing-business-model-to-up-the-ante-for-service-providers—tmr-301296021.html
Contact us:
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030
Site: https://todaysmarkettrends.wordpress.com
