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Internet of Things, Car Electronics Pushing FPCB Industry Progress
Flexible Printed Circuit Boards Market report, provided by Allied Survey, prophecies that the international market is expected to gather 27 billion by 2022, growing at a CAGR of 10.4Percent from 2016 – 2022.
Asia-Pacific took over the world-wide market, on the subject of revenue, comprising upwards of 46Percent in 2015, then North America.
FPCBs are popular across applications for instance , LCD display screen, cell phone display, connectivity antennas, and flexible circuitry utilized for re-chargeable batteries. Rise in need for consumer electronic things, surge in desire for Internet of Things (IoT), and use of FPCBs in car applications move the market growth rate. Additionally, increase in desire for computerized robots is believed to create money-making opportunities to industry participants. Multilayer FPCBs contributed the FPCBs industry, and is anticipated to maintain this fad during the entire forecast period of time. Even so, the rigid-flex FPCBs sector is estimated to view vital surge in the near future, caused by the small size and low power usage.
Among consumer, consumer electronics overpowered the world-wide market in 2015, comprising about 30% market share. Still, automobile electronics is expected to mature at the highest possible CAGR of 10.7%, owing to increase in requirement for durable devices with better efficiency.
Asia-Pacific was the big revenue contributor in 2015, and is anticipated to continue to keep its dominance in the foreseeable future, owing to increase in amount of electronic applications. Likewise, developments in electronic products and industrial systems are predicted to raise the FPCBs market growth rate, specially in the Parts of Asia, e . g . China, Japan, Oceania, plus India.
Flex PCBs are extremely reliable interconnectivity solutions employed for many different electronic gadgets with elaborate circuitry. Likewise, they have a great many merits for instance , high efficiency and reduced system maintenance tasks. Multilayer FPCBs represent nearly 30% of the complete FPCBs market, owing to their resilience and high efficiency. What’s more, major desire for electronics applications and customer shift towards small sized printing to get better efficiency are predicted to fuel its consumption in the electronic products, car, together with other market sectors, states Jeshin Jayamon, Research Analyzer, Semiconductor & Electronics Research, Allied Research.
LAMEA is expected to get bigger at the highest possible CAGR during the analysis time period, owing to increase in portable appliances and increase in the consumption of FPCBs in car applications. Likewise, technological developments to overcome power loss complications in extreme situations are anticipated to deliver rewarding chances for industry competitors in the future.
Important Findings Of The Flex Printed Circuit Boards Industry
In 2015, multilayer FPCBs led the world-wide FPCBs market, as to revenue, and is predicted to get bigger at a CAGR of 10.7% throughout the forecast time period.
Consumer electronics directed the market, comprising approximately 30% market share in 2015.
China was the major shareholder in the Asia-Pacific FPCBs market, comprising approximately 34% in 2015.
The significant competitors running in the FPCB market make full use of new product roll-out as their favorite strategy to broaden their market foothold. The big participants highlighted in this report include 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.