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Internet of Things, Automobile Electronics Motivating FPCB Industry Development
Flexible Printed Circuit Boards Market report, provided by Allied Surveys, conjectures that the international market is likely to attain 27 billion by 2022, expanding at a CAGR of 10.4Percent from 2016 – 2022.
Asia-Pacific led the world-wide market, for revenue, making up more than 46% in 2015, followed by North America.
FPCBs are used widely across applications e . g . LCD display, mobile display, connectivity antennas, and flexible circuitry utilized for rechargeable batteries. Increase in demand for consumer electronic items, increase in popularity of Internet of Things (IoT), and use of FPCBs in motor vehicle applications drive the market growth. Further, rise in requirement for programmed bots is supposed to offer profitable possibilities to market members. Multilayer FPCBs guided the FPCBs market, and is expected to hold this trend all through the forecast period of time. However, the rigid-flex FPCBs segment is estimated to see vital development in the foreseeable future, owing to the small size and minimal power use.
Among consumer, consumer electronics led the world-wide market in the year 2015, making up about 30% share of the market. Nevertheless, automotive electronics is expected to expand at the highest possible CAGR of 10.7%, on account of rise in demand for tough products with better efficiency.
Asia-Pacific was the main revenue bestower in 2015, and is expected to keep up its dominance in the future, thanks to rise in number of electronic applications. More so, advancements in electronic gadgets and industrial systems are anticipated to supercharge the FPCBs market growth, particularly in the Asian countries, for example China, Japan, Oceania, plus India.
Flex PCBs are very highly efficient interconnectivity alternatives for a wide selection of electronic gadgets with complex circuitry. More so, they furnish lots of edges e . g . high efficiency and reduced system routine maintenance. Multilayer FPCBs represent pretty much 30% of the total FPCBs market, caused by their resilience and high efficiency. At the same time, huge requirement for electronics applications and purchaser shift towards compact printing to accomplish better efficiency are anticipated to pump up its adoption in the electronic gadgets, motor vehicle, and various other industry sectors, states Jeshin Jayamon, Research Analyzer, Semiconductor & Electronics Research, Allied Survey.
LAMEA is expected to grow up at the highest possible CAGR throughout the analysis time period, thanks to rise in convenient appliances and increase in the adoption of FPCBs in motor vehicle applications. More so, technological enhancements to beat power loss difficulties in extreme circumstances are predicted to provide highly profitable opportunities for market participants very soon.
Major Researches Of The Flex PCB Industry
In 2015, multilayer FPCBs took over the world-wide FPCBs market, for revenue, and is estimated to grow up at a CAGR of 10.7Per-cent throughout the forecast time period.
Electronic devices directed the market, making up roughly 30% market share in the year 2015.
China was the major shareholder in the Asia-Pacific FPCBs market, making up about 34% in 2015.
The significant participants operating in the FPCB market now utilize new product launch as their preferred strategy to build up their market foothold. The significant players profiled 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., plus ICHIA Technologies Inc.