Flex and Flex-Rigid Printed Circuits Market: An Array of Graphics and Analysis of Major Industry Segments

ITS Market

Flex and flex-rigid printed circuit boards are generally used in a range of electronic devices with complex circuitry. These printed circuits are compact in size, flexible, reduce system maintenance as well as the entire cost of interconnectivity solutions.

Market Growth Drivers

Growing popularity of flex and flex rigid printed circuits is one of the factors driving the growth of the market. The increase in their popularity is due to their reliability. These circuits are cost effective as very few parts are required to make the final product; hence, demand for flex rigid printed circuits is increasing, thereby boosting the growth of the global flex rigid printed circuit market.

Growing demand for mobile phones, high-end digital cameras, and flat panel displays is fueling the growth of the flex and flex rigid printed circuits market.

Due to the growing penetration of consumer electronics, the use of flex and flex rigid printed circuits is also increasing in the automotive industry, thereby propelling the growth of the flex and flex rigid printed circuits market globally. Large numbers of players operating in this market are primarily focusing on technological innovations, thus escalating the growth of the global market.

Demand from aerospace and defense industry is also expected to remain significant during the forecast period. Rising adoption of multilayer FPCBs is the recent trend in the global flex and flex rigid printed circuits market.

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Market Segmentation

The global flex and flex rigid printed circuits market can be segmented in terms of type, end user, applications, and geography.

On the basis of type, the global flex and flex rigid printed circuits market can be segmented into multi-layer flex circuit, rigid-flex circuit, double sided flex circuit, single layer flex circuit, and others. The multi-layer flex circuit segment is expected to expand significantly over the forecast period owing to superior resilience and high efficiency.

In terms of end user applications, the global flex and flex rigid printed circuits market can be segmented into consumer electronics, industrial electronics, automotive electronics and others. Consumer electronics and automotive electronics segments are expected to expand rapidly during the forecast period owing to the growing demand for flexible printed circuit boards by manufacturers of various consumer electronics such as smartphones, LCD displays, rechargeable batteries, and connectivity antennas.

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Regional Outlook

Geographically, the global flex and flex rigid printed circuits market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific region is expected to dominate the global flex and flex rigid printed circuits market during the forecast period owing to the presence of large number of electronics manufacturers in the region.

Key Players and their Strategy

The global flex and flex-rigid printed circuits market is moderately consolidated by large number of participants. Some of the key players in the market include Motorola Inc., Samsung Group, Nokia Oyj, Sumitomo Electric Industries, Ltd., Agilent Technologies, Epec LLC, NOK Corp., Toshiba Corp., Nitto Denko Corp., Zhen Ding Technology Holding Limited, NewFlex Technology Co. Ltd., Sony Mobile Communications AB, Interflex Co. Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc., Fujikura Ltd., Flexcom Inc., Daeduck GDS, and Career Technology Co. Ltd.