Global Flexible Printed Circuit Board Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Single-Sided Flex, Double-Sided Flex, Multi-Layer Flex, High-Density Interconnect (HDI)), By End-Use Industry (Consumer Electronics, Automotive, Others), And By Geography - Forecasts From 2022 To 2027

The flexible printed circuit board market will grow at a CAGR of 8.28% to be valued at US$40.447 billion in 2030 from US$27.17 billion in 2025.

Increasing usage in consumer electronics

The market is expected to surge in the coming years due to the rising use of flexible printed circuit boards in consumer electronics, especially smartphones, laptops, displays, and other electronic devices. According to official industrial sources, around 1.5 billion smartphones were sold in the year 2019, due to the rise in disposable income and increasing mobile data connectivity. Countries such as China, India, and the United States are expected to play a significant role in the market growth in the coming years. According to the data given by the India Brand Equity Foundation, India's consumer electronics and appliance market reached around US$10.93 billion in the year 2019. Moreover, the market has been expected to reach over US$21.18 billion in the year 2025. China is also expected to play a significant role in the market growth in the coming years. The country has been the largest manufacturer of consumer electronics globally. The adoption of smart technologies has been one of the imperative factors that have been driving the market growth in the country. The increasing emphasis on research and development has been one of the key factors driving the market growth.

Competitive Analysis

Major firms and corporations have been making a considerable impact in the market in the past few years. With the rise in the demand for high-quality consumer electronics and products worldwide, companies have been expected to spend a significant sum of capital on developing novel and advanced solutions for their customers.

• For instance, in November 2021, it was announced that Epec Engineered Technologies and NetVia Group LLC were joining forces to provide and offer their customers a significant range of long-term and high-quality financial strength. Epec LLC has been a major producer and manufacturer of flexible and rigid-flexible PCBs, RF products, and others. This development has been projected to play a considerable role in the market growth in the coming years.
• In May 2021, it was reported that Samsung would be supplying rigid-flexible printed circuit boards to Apple for its iPhone 13 models. The company had been supplying rigid-flexible PCBs to Apple in the past years. For instance, Samsung Electro-Mechanics, Samsung's subsidiary, provided and supplied rigid-flexible PCBs to Apple for its iPhone 12 model.
• In March 2021, Taiwan's printed circuit board manufacturers announced that they had been ready to start the mass production of novel and advanced flexible printed circuit boards for Apple's third-generation AirPods. The AirPods were launched in the third quarter of the year 2021.

Increasing demand in the automobile sector

The market has been expected to grow during the forecast period due to the rise in the demand for advanced and new flexible printed circuit boards in the automobile sector. According to the data given by the International Organisation of Motor Vehicle Manufacturers, around 92 million vehicles were manufactured and produced in the year 2019, worldwide. Flexible PCBs are used for the safety and improved efficiency of cars. It is also used in rear LED lights, transmission controls, running lights, and control units. Moreover, flexible and rigid-flexible PCBs reduce and minimize the potential risks that lead to electrical failures. Moreover, the increasing demand for electric vehicles is also expected to surge the adoption of electronics and digital solutions. According to the data given by the International Energy Agency, around 2.1 million electric cars were sold in the year 2019. Moreover, the sales of electric cars also registered a 40% y-o-y surge in the same year. These trends and developments are projected to play a significant role in the market growth in the next few years.

Rising use in the aerospace and aviation sector

The market is expected to surge in the coming years due to the rising usage of flexible PCBs in satellites. According to the data given by Airbus and Boeing, two of the major aircraft producers in the market, over 1,750 aircraft were manufactured by these companies in the year 2019. The increasing aircraft traffic has been expected to play a significant role in the rise in the demand for aircraft, worldwide. The flexible printed circuit boards are also used in satellites and other aerospace vehicles and solutions. With the increasing spending on the aerospace sector and the rising involvement of private players in this sector, the demand for novel and advanced flexible printing solutions has been expected to surge at a significant rate in the next few years. Space organizations, such as NASA, ISRO, and others, are expected to increase the adoption of flexible PCBs in the next few years.

The Global Flexible Printed Circuit Board (FPCB) Market Report provides a comprehensive analysis of the industry, delivering strategic insights backed by data-driven forecasts and trends. This regularly updated report equips decision-makers with actionable intelligence on market dynamics, emerging opportunities, and competitive landscapes. It evaluates demand across various FPCB types, applications, end-user industries, and geographic regions, while offering an in-depth examination of technological advancements, government regulations, and macroeconomic factors shaping the market.

Flexible Printed Circuit Board Market Segmentation:

Flexible Printed Circuit Board Market Segmentation by type

The FPCB market is analyzed by type into the following:

• Single-Sided FPCBs
• Double-Sided FPCBs
• Multilayer FPCBs
• Rigid-Flex FPCBs

Flexible Printed Circuit Board Market Segmentation by application

The FPCB market is segmented by application into the following:

• Smartphones and Tablets
• Wearables
• Automotive Electronics
• Industrial Systems
• Others

Flexible Printed Circuit Board Market Segmentation by end-user industry

The FPCB market is analyzed by end-user industry:

• Consumer Electronics
• Automotive
• Healthcare
• Aerospace and Defense
• Industrial Electronics
• Others

Flexible Printed Circuit Board Market Segmentation by regions:

The study also analysed the Flexible Printed Circuit Board market into the following regions, with country level forecasts and analysis as below:

• Americas (US)
• Europe Middle East and Africa (Germany, Netherlands and Others)
• Asia Pacific (China, Japan, Taiwan, South Korea, and Others)

Flexible Printed Circuit Board Market Competitive Landscape:

The global flexible printed circuit board market is marked by the presence of key players such as Nippon Mektron Ltd., Sumitomo Electric Industries, Ltd., Zhen Ding Technology Holding Ltd., Fujikura Ltd., Multi-Fineline Electronix, Inc. (MFLEX), Nitto Denko Corporation, TTM Technologies, Inc., Ibiden Co., Ltd., Flex Ltd., and Minco Products, Inc.

Flexible Printed Circuit Board Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• FPCB Market Size, Forecasts, and Trends by Type: Includes historical revenue data, analysis of factors driving adoption of each FPCB type, current challenges faced by key players, and major growth areas.
• FPCB Market Size, Forecasts, and Trends by Application: Focuses on sales data and analysis across various applications.
• FPCB Market Size, Forecasts, and Trends by End-User Industry: Examines sales data and industry-specific trends.
• Flexible Printed Circuit Board market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth. 
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the Flexible printed circuit board market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. FLEXIBLE PRINTED CIRCUIT BOARD MARKET BY TYPE

5.1. Introduction

5.2. Single-Sided FPCBs

5.3. Double-Sided FPCBs

5.4. Multilayer FPCBs

5.5. Rigid-Flex FPCBs

6. FLEXIBLE PRINTED CIRCUIT BOARD MARKET BY APPLICATION

6.1. Introduction

6.2. Smartphones and Tablets

6.3. Wearables

6.4. Automotive Electronics

6.5. Industrial Systems

6.6. Others

7. FLEXIBLE PRINTED CIRCUIT BOARD MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Consumer Electronics

7.3. Automotive

7.4. Healthcare

7.5. Aerospace and Defense

7.6. Industrial Electronics

7.7. Others

8. FLEXIBLE PRINTED CIRCUIT BOARD MARKET BY GEOGRAPHY

8.1. Introduction

8.2. Americas

8.2.1. USA

8.3. Europe Middle East and Africa

8.3.1. Germany

8.3.2. Netherlands

8.3.3. Others

8.4. Asia Pacific

8.4.1. China

8.4.2. Japan

8.4.3. Taiwan

8.4.4. South Korea

8.4.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Nippon Mektron Ltd.

10.2. Sumitomo Electric Industries, Ltd.

10.3. Zhen Ding Technology Holding Ltd.

10.4. Fujikura Ltd.

10.5. Multi-Fineline Electronix, Inc. (MFLEX)

10.6. Nitto Denko Corporation

10.7. TTM Technologies, Inc.

10.8. Ibiden Co., Ltd.

10.9. Flex Ltd.

10.10. Minco Products, Inc.

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Nippon Mektron Ltd.

Sumitomo Electric Industries, Ltd.

Zhen Ding Technology Holding Ltd.

Fujikura Ltd.

Multi-Fineline Electronix, Inc. (MFLEX)

Nitto Denko Corporation

TTM Technologies, Inc.

Ibiden Co., Ltd.

Flex Ltd.

Minco Products, Inc.