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Internet of Things, Automobile Electronics Motivating FPCB Industry Progress
Flexible Printed Circuit Boards Market report, authored by Allied Survey, states that the international market is supposed to garner 27 billion by the year 2022, escalating at a CAGR of 10.4Percent from 2016 – 2022.
Asia-Pacific completely outclassed the international market, in terms of revenue, accounting for higher than 46% in 2015, followed by North America.
FPCBs are widely used across applications including LCD display, cellphone display screen, connectivity antennas, and flexible circuitry used in rechargeable batteries. Growth in need for consumer electronic merchandise, rise in desire for Internet of Things (IoT), and usage of FPCBs in car applications generate the market growth. Further, increase in need for computerized bots is supposed to provide successful possibilities to market members. Multilayer FPCBs guided the FPCBs industry, and is supposed to retain this craze during the forecast period of time. Even so, the rigid-flex FPCBs sector is predicted to see considerable increase in the near future, thanks to the small size and low power usage.
Among customer, electronic devices ruled the international market in the year 2015, accounting for nearly 30% market share. Nonetheless, automobile electronics is predicted to get bigger at the greatest CAGR of 10.7%, attributable to increase in need for sturdy gadgets with improved efficiency.
Asia-Pacific was the key revenue donor in 2015, and is supposed to continue to keep its prominence later on, owing to increase in number of electronic applications. Moreover, movements in electronic devices and industrial systems are anticipated to improve the FPCBs market growth, specially in the Parts of Asia, which include China, Japan, Oceania, and India.
Flex PCBs are highly reliable interconnectivity alternatives useful for an array of electronic devices with elaborate circuitry. Moreover, they offer a large number of merits including high efficiency and minimized system repairs and maintenance. Multilayer FPCBs make up virtually 30% of the entire FPCBs market, owing to their resilience and high efficiency. Besides, sizeable need for electronics applications and client shift towards small sized printing to realize better efficiency are expected to stimulate its usage in the electronic devices, car, together with other market sectors, states Jeshin Jayamon, Research Analyst, Semiconductor & Electronics Research, Allied Survey.
LAMEA is forecasted to increase at the greatest CAGR all through the analysis time period, owing to increase in lightweight appliances and rise in the usage of FPCBs in car applications. Moreover, technological improvements to triumph over power loss worries in extreme circumstances are predicted to provide lucrative possibilities for market members very soon.
Crucial Results Of The Flex PCB Industry
In 2015, multilayer FPCBs dominated the international FPCBs market, as to revenue, and is projected to increase at a CAGR of 10.7Pct during the forecast time period.
Consumer electronics guided the market, accounting for roughly 30% market share in the year 2015.
China was the important shareholder in the Asia-Pacific FPCBs market, accounting for around 34% in 2015.
The crucial members doing business in the FPCB market now utilize new product launch as their recommended strategy to increase the size of their market foothold. The key participants profiled in this report consist of NOK Corporation (Nippon Mektron Ltd.), Sumitomo Electric Industries, Ltd. (SEI), Fujikura Ltd., Multi-Fineline Electronix, Inc., Zhen Ding Technology Holding Limited (ZDT), Nitto Denko Corp., Interflex Co., Ltd., Career Technology, FLEXium Interconnect, Inc., and ICHIA Technologies Inc.