Emerging Trends of Polymer Solar Cells Will Drive the Global Flexible Printed Circuit Board Market

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SAN FRANCISCO - Sept. 15, 2017 - PRLog -- Global Flexible Printed Circuit Board (FPCB) Market (https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/flexible-printed-circuit-board-market) Report, published by Variant Market Research, forecast that the global market was valued at $15 billion in 2016 and is expected to reach $33 billion by 2024, growing at a CAGR of 10.6% from 2016 to 2024. In geographical segments, Asia Pacific and RoW are expected to grow at a CAGR of 11.5% and 10.2%, respectively, during the forecast period 2016-2024.

Some of the major factors driving the growth of the global flexible printed circuit board market are advantages of FPCB such as simple structuring, lightweight, economical nature, design freedom, and growing popularity for wearable devices. However, lack of trained professionals & high initial cost may limit the growth of the market. Moreover, high packaging litheness, and unswerving applications are further anticipated to grow the global FPCB market.

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The global flexible printed circuit board market is classified into type, applications, and geography. Type segment comprises of single sided flex circuits, double sided flex circuits, rigid flex circuits, multi-layer flex circuits and others. Multi-layered flex circuits dominated the market with major share in 2016, whereas rigid flex circuits dominated the segment with fastest CAGR during the forecast period 2016-2024. Furthermore, application segment comprises of consumer electronics, instrumentations & medical, computers & data storage, defense & aerospace, automotive, telecommunications, industrial electronics and others. Within applications segment, consumer electronics and instrumentations & medical dominated the with highest market share in 2016.

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North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geographical segments of global FPCB market. Wherein, Asia Pacific dominated the market with largest share in 2016 and it expected grow at fastest CAGR during the forecast period 2016-2024, driven by the increased penetration of industrialization, smart devices, high adoption of sensors and presence of numerous semi-conductor manufacturers. North America held second position in the market share in 2016, owing to emerging trends of polymer solar cells and disposable electronics.

Prominent players have used various strategies such as product launch, acquisition & mergers, and partnerships & agreements to increase their market share. Key market players include Nippon Mektron, Ltd., Sumitomo Electric Industries, Ltd., 3M Company, Interflex Co., Ltd., LG Innotek, Flexible Circuit Technologies, Inc., Fujikura Ltd., Zhen Ding Technology Holding Limited, MFS Technology Ltd and Nitto Denko Corp., among others.

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Scope of Flexible Printed Circuit Board Market

Type Segments

• Single Sided Flex Circuits
• Double Sided Flex Circuits
• Multi-Layer Flex Circuits
• Rigid Flex Circuits
• Others

Application Segments

• Instrumentations & Medical
• Computers & Data Storage
• Consumer Electronics
• Automotive
• Telecommunications
• Defense & Aerospace
• Industrial Electronics
• Others

Geography Segments

• North America

• US
• Canada
• Mexico

• Europe

• U.K.
• Italy
• Germany
• France
• Others

• Asia-Pacific

• India
• China
• Japan
• South Korea
• Others

• RoW

• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

For further information, visithttps://www.variantmarketresearch.com
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