Perhaps one of the best things to have happened for the global market for flexible printed circuit boards in recent times, is the integration of 3D printing and the Internet of Things to its mix. The emergence of IoT advancements has especially been of great use in the global flexible printed circuit board market because IoT based entities and industry are expected to become core end users for flex circuit boards. The demand for laptops, tablets, smartphones, and other portable consumer electronics is expected to increase sharply over the coming years, with greater users demanding more variety as well as quality of products.
The global flexible printed circuit board market is expected to reach US$33.39 bn by the end of 2025, after witnessing a highly optimistic CAGR of 11.0% from 2017 to 2025. Several factors have been – and will continue to be – influencing the market, the core of which have been explained through the following questions:
What Type of Flex Circuits are Finding Favor Among End Users?
The global flexible printed circuit board market can be segmented on the basis of circuit types, into single-layered, double-layered, multi-layered, and rigid-flex. Till 2016, multi-layered flex circuits were known to be leading the market in terms of demand and profit generation. They have provided some of the better scope of functionality and manufacturers have invested quite a bit already into the development of these circuit types. It is highly likely for multi-layered flex circuits to remain the dominant type in the global flexible printed circuit board market for the coming years. Single and double-layered flex circuits are also in decent demand over certain specific types of application.
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On the other hand, rigid-flex circuits are expected to be the key to the market’s future growth. The applications of rigid-flex printed circuits are massive and developments in this area can prove to be massive for the overall growth of the segment as well as the global flexible printed circuit board market.
Will the APAC Semiconductor Industry Continue to Top the Charts in FPCB Markets as Well?
It is extremely likely for the semiconductor and consumer electronics powerhouse of the world to continue showing an incremental demand for flex circuits over the foreseeable future. Asia Pacific has always shown a staggering demand for electronics, thanks to the huge market for them in China and Japan, as well as the booming growth of the market in India. This region held 56% of the global flexible printed circuit board market in 2016 itself and is showing no signs of slowing down its rates of demand and development. Flex circuits fall perfectly into the current rate of industrial evolution of the region, especially in the cases of process automation, automobile innovations, communication advancements, and the growing use of sensor technologies in consumer electronics.