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IoT, Car Electronics Powering FPCB Industry Expansion
Flexible Printed Circuit Boards Market report, published by Allied Market Research, prophecies that the international market is anticipated to obtain 27 billion dollars by the year 2022, expanding at a CAGR of 10.4Per-cent from 2016 To 2022.
Asia-Pacific dominated the world-wide market, as to revenue, comprising higher than 46% in 2015, pursued by North America.
FPCBs are frequently used across applications for example , LCD display screen, smartphone display, connectivity antennas, and flexible circuitry utilized for re-chargeable batteries. Surge in demand for consumer electronic items, boost in popularity of Internet of Things (IoT), and consumption of FPCBs in motor vehicle applications drive the market development. Further, surge in requirement for automatic robots is likely to allow for beneficial chances to industry members. Multilayer FPCBs led the FPCBs area, and is supposed to maintain this craze during the forecast period of time. Then again, the rigid-flex FPCBs sector is envisioned to view substantial increase in the future, thanks to the lightweight size and low power usage.
Among end user, electronic devices took over the world-wide market in the year 2015, comprising close to 30% share. Even so, automotive electronics is expected to grow at the highest possible CAGR of 10.7%, as a result of surge in desire for long lasting devices with better efficiency.
Asia-Pacific was the primary revenue contributor in 2015, and is supposed to continue to keep its prominence down the road, thanks to surge in number of electronic applications. Further, developments in electronic products and industrial systems are expected to raise the FPCBs market growth, specially in the Parts of Asia, which include China, Japan, Oceania, as well as India.
Flex PCBs are hugely successful interconnectivity alternatives utilized for a wide selection of electronic gadgets with complicated circuitry. Further, they supply scores of pros for example , high efficiency and reduced system maintenance tasks. Multilayer FPCBs comprise more or less 30% of the full FPCBs market, because of their resilience and high efficiency. At the same time, substantial requirement for electronics applications and customer shift towards compact printing to get better efficiency are expected to increase its consumption in the electronic products, motor vehicle, and other industry sectors, states Jeshin Jayamon, Research Expert, Semiconductor & Electronics Research, Allied Market Research.
LAMEA is believed to increase at the highest possible CAGR through the analysis period of time, thanks to surge in handheld appliances and surge in the consumption of FPCBs in motor vehicle applications. Further, technological improvements to defeat power loss difficulties in extreme conditions are predicted to give highly profitable chances for industry participants soon.
Important Discoveries Of The Flex Printed Circuit Boards Market
In 2015, multilayer FPCBs dominated the world-wide FPCBs market, as for revenue, and is estimated to increase at a CAGR of 10.7Percent within the forecast period of time.
Consumer electronics led the market, comprising roughly 30% share in the year 2015.
China was the key shareholder in the Asia-Pacific FPCBs market, comprising approximately 34% in 2015.
The significant participants operating in the FPCB market have adopted new product launch as their ideal way to increase the size of their market foothold. The key participants 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., as well as ICHIA Technologies Inc.