Flexible Printed Circuit Board (PCB) Market Worth to Reach USD 29.62 Billion by 2026
According to the report, The global flexible printed circuit boards market in 2019 was approximately USD 15.49 billion. The market is expected to grow at a CAGR of 9.71% and is anticipated to reach around USD 29.62 billion by 2026.
Flexible printed circuit boards are the circuit boards with higher degree of flexibility that enable the circuit to be designed to fit the device or product. Their performance depends on the type of substrate material used while manufacturing the flexible PCB. Depending on the applications three types of flexible materials are generally used for the flexible PCB that includes Polyester, Polyimide, and Polytetrafluoroethylene. Polyimide offers high dielectric constant, high temperature resistance, and outstanding electrical and mechanical properties. Apart from the above points, Polytetrafluoroethylene is significantly used for high-frequency products with low dielectric constant.
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The flexible printed circuit board market research report delivers an acute valuation and taxonomy of the flexible printed circuit board industry by practically splitting the market on the basis of different segment, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Flexible Printed Circuit Board industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the flexible printed circuit board industry is provided for the leading economies of the world.
The flexible printed circuit board market is segmented on the basis of service, vehicle, and business model. The service segment of the Flexible Printed Circuit Board market is bifurcated into ride hailing, bike sharing, ride sharing, car sharing, and others. Based on business model, the flexible printed circuit board market is divided into P2P, B2B, and B2C. Car, Two-Wheeler and Others are the vehicle segment studied in the report.
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Significant players for the flexible printed circuit board market are Career Technology Co. Ltd., Flexcom Inc., Daeduck GDS., Fujikura Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc. (MFLEX), Interflex Co. Ltd, Nitto Denko Corp., NewFlex Technology Co. Ltd., and NOK Corp. among others.
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