Multilayer Flex PCB Circuits to Report Strong Demand
The global market for flexile printed circuit boards is broadly analyzed on the basis of the type of the board and end user. Based on the type, the market is categorized into single sided flex circuits, double sided flex circuits, rigid flex circuits, and multilayer flex circuits. Among these, the multi-layer flex circuits segment led the global market in 2017 with a share of 35.77% and is projected to remain on the top over the next few years.
By the application, the market is classified into the instrumentation and medical, computer and data storage, telecommunication, defense and aerospace, consumer electronics, automotive, and the industrial electronics sectors. The demand for FPCBs is comparatively higher in the consumer electronics industry and is expected to remain so in the near future.
Market Research Report Search Engine recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled Flexible printed circuit board (FPCB) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026 offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global flexible printed circuit board (FPCB) market have been elaborated upon in the research report.
With the increasing demand for smartphones, tablets, LCD screens, and other consumer electronic products, the global market for flexile printed circuit boards (FPCBs) is observing a high-paced rise. The aviation and the defense industries are also emerging as key end users of these boards, which is likely to support the growth of this market in the years to come.
The opportunity in this market is expanding at a healthy CAGR of 11.80% between 2018 and 2026, increasing from $13.51 billion in 2017 and rising to $38.27 billion by the end of 2026. The increasing awareness about the advantages of FPCBs in comparison with rigid or conventional PCBs is also projected to fuel the demand for them over the forthcoming years.
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