Lucintel Forecasts Flexible Printed Circuit Board Market To Reach $24.3 Billion By 2027

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According to the recent study the flexible printed circuit board market is projected to reach an estimated $24.3 billion by 2027 from $20.2 billion in 2021, at a CAGR of 3.1% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for FPC in the telecommunication industry, growth in connected devices, and advancement in automotive electronics.
Browse 134 figures / charts and 122 tables in this 197 -page report to understand trends, opportunities and forecast in flexible printed circuit board market by end use industry (computers/peripherals, telecommunication, consumer electronics, medical, automotive, aerospace and defense, and others), technology (single layer, double layer, multi-layer and rigid flex), laminate material type (polyimide and polyester & others), laminate raw material usage (polyimide films and polyester & other films), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/flexible-printed-circuit-board-market.aspx
“Multi-layer ...
... market is expected to remain the largest segment during the forecast period.”
Based on technology, the flexible printed circuit board market is segmented into single layer, double layer, multi-layer, and rigid flex. Lucintel forecasts that the multi-layer is expected to witness the largest segment over the forecast period due to increasing demand in the automotive and telecommunication industries and rigid-flex substrate segment is expected to witness the highest growth during the forecast period due to growing demand for smartphone and display applications.
“Within the flexible printed circuit board market, the telecommunication segment is expected to remain the largest end use industry.”
Based on end use industry, the telecommunication segment is expected to witness the largest segment supported by increasing demand for smartphones, data storage, 5G technology, and network solution sectors and medical end use market is expected to witness the highest growth during the forecast period because it will witness increasing demand for portable, wireless, and more complex electronic assemblies.
“Asia Pacific will dominate the flexible printed circuit board market in near future.”
Asia Pacific is expected to be the largest region and witness the highest growth over the forecast period due to increasing ADAS and vehicle safety features in automotive and growth in consumer electronic devices and telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for FPC in this region.
Download Brochure of this report by clicking on https://www.lucintel.com/flexible-printed-circuit-board-market.aspx
Major players of flexible printed circuit board market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NOK Corporation, Zhen Ding Technology, Sumitomo, Flexium Interconnect, Fujikura, Nitto Denko, Compeq Manufacturing, Samsung Electro-Mechanics, Unimicron, and Young Poong Electronics are among the major flexible printed circuit board providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/flexible-printed-circuit-board-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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