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IoT, Automotive Electronics Motivating FPCB Industry Expansion
Flexible Printed Circuit Boards Market report, created by Allied Survey, predicts that the global market is most likely to get 27 billion by 2022, expanding at a CAGR of 10.4Per-cent from 2016 – 2022.
Asia-Pacific dominated the worldwide market, in the case of revenue, making up higher than 46Percent in 2015, followed by North America.
FPCBs are widely used across applications for example LCD display, cell phone display, connectivity antennas, and flexible circuitry employed in re-chargeable batteries. Growth in need for consumer electronic wares, increase in desire for Internet of Things (IoT), and use of FPCBs in vehicle applications drive the market expansion. Moreover, boost in need for automated bots is estimated to allow successful possibilities to market competitors. Multilayer FPCBs directed the FPCBs industry, and is likely to retain this craze through the entire forecast period of time. Still, the rigid-flex FPCBs sector is anticipated to observe important development in the long run, on account of the lightweight size and low power usage.
Among end user, electronics overpowered the worldwide market in the year 2015, making up roughly 30% market share. Even so, motor vehicle electronics is predicted to mature at the greatest CAGR of 10.7%, as a result of boost in demand for sturdy products with increased efficiency.
Asia-Pacific was the key revenue contributor in 2015, and is likely to keep its dominance down the road, on account of boost in volume of electronic applications. Moreover, enhancements in electronic products and industrial systems are predicted to strengthen the FPCBs market growth rate, specially in the Asian countries, for example China, Japan, Oceania, and also India.
Flex PCBs are hugely productive interconnectivity solutions used for a wide selection of electronic devices with complex circuits. Moreover, they supply numerous merits for example high efficiency and lowered system care. Multilayer FPCBs comprise more or less 30% of the complete FPCBs market, owing to their resilience and high efficiency. What is more, huge need for electronics applications and customer shift towards compact printing to get to better efficiency are predicted to increase its consumption in the electronic products, vehicle, and various other industry sectors, suggests Jeshin Jayamon, Research Analyst, Semiconductor & Electronics Research, Allied Survey.
LAMEA is anticipated to grow at the greatest CAGR throughout the analysis period of time, on account of boost in handheld appliances and rise in the consumption of FPCBs in vehicle applications. Moreover, technological improvements to triumph over power loss worries in extreme circumstances are forecasted to deliver profitable chances for market gamers in the near future.
Key Researches Of The Flex Printed Circuit Boards Market
In 2015, multilayer FPCBs dominated the worldwide FPCBs market, on the subject of revenue, and is forecasted to grow at a CAGR of 10.7Percent within the forecast period of time.
Electronic devices headed the market, making up approximately 30% market share in the year 2015.
China was the important shareholder in the Asia-Pacific FPCBs market, making up about 34% in 2015.
The significant gamers doing business in the FPCB market now utilize new product roll-out as their recommended strategy to increase their market foothold. The primary participants profiled in this report contain 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 also ICHIA Technologies Inc.