Internet of Things, Auto Electronics Boosting FPCB Industry Growth
Flexible Printed Circuit Boards Market report, created by Allied Survey, forecasts that the world-wide market is supposed to gather 27 billion by the year 2022, growing at a CAGR of 10.4% from 2016 To 2022.
Asia-Pacific led the worldwide market, as to revenue, comprising greater than 46Pct in 2015, followed by North America.
FPCBs are widely used across applications which include LCD display, handset display, connectivity antennas, and flexible circuitry utilised in re-chargeable batteries. Boost in demand for consumer electronic wares, boost in public attention towards Internet of Things (IoT), and consumption of FPCBs in motor vehicle applications drive the market growth rate. Likewise, boost in demand for programmed bots is predicted to supply financially rewarding opportunities to industry players. Multilayer FPCBs guided the FPCBs area, and is anticipated to retain this trend during the forecast period of time. Even so, the rigid-flex FPCBs sector is believed to view sizeable rise in the near future, on account of the lightweight size and minimal power consumption.
Among consumer, gadgets took over the worldwide market in the year 2015, comprising nearly 30% market share. Still, auto electronics is expected to mature at the highest CAGR of 10.7%, on account of boost in desire for long lasting gadgets with elevated efficiency.
Asia-Pacific was the major revenue donor in 2015, and is anticipated to hold its importance in the coming years, as a result of boost in amount of electronic applications. Likewise, improvements in electronic gadgets and industrial systems are anticipated to skyrocket the FPCBs market growth rate, particularly in the Asian countries, which include China, Japan, Oceania, and also India.
Flexible PCBs are very efficient interconnectivity alternatives for many different electronic gadgets with elaborate circuitry. Likewise, they feature lots of pros which include high efficiency and minimized system maintenance tasks. Multilayer FPCBs account for just about 30% of the whole FPCBs market, on account of their resilience and high efficiency. In addition to that, huge demand for electronics applications and purchaser shift towards small sized printing to accomplish better efficiency are anticipated to increase its adoption in the electronic gadgets, motor vehicle, together with other market sectors, suggests Jeshin Jayamon, Research Analyzer, Semiconductor & Electronics Research, Allied Research.
LAMEA is forecasted to expand at the highest CAGR through the analysis period of time, as a result of boost in moveable appliances and rise in the adoption of FPCBs in motor vehicle applications. Likewise, technological innovations to overcome power loss concerns in extreme circumstances are forecasted to offer beneficial chances for industry members before long.
Vital Findings Of The Flexible Printed Circuit Boards Industry
In 2015, multilayer FPCBs dominated the worldwide FPCBs market, in terms of revenue, and is forecasted to expand at a CAGR of 10.7Per-cent within the forecast period of time.
Consumer electronics contributed the market, comprising about 30% market share in the year 2015.
China was the major shareholder in the Asia-Pacific FPCBs market, comprising about 34% in 2015.
The significant members doing business in the FPCB market now utilize new product roll-out as their favorite strategy to extend their market foothold. The key members presented in this report involve 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.