Flexible Printed Circuit Boards

Global Flexible Printed Circuit Boards Market to Reach US$29.8 Billion by 2030

The global market for Flexible Printed Circuit Boards estimated at US$16.6 Billion in the year 2024, is expected to reach US$29.8 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2024-2030. Double Sided, one of the segments analyzed in the report, is expected to record a 10.5% CAGR and reach US$14.0 Billion by the end of the analysis period. Growth in the Rigid-Flex segment is estimated at 9.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Billion While China is Forecast to Grow at 12.5% CAGR

The Flexible Printed Circuit Boards market in the U.S. is estimated at US$2.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.6% and 8.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

Global Flexible Printed Circuit Boards Market - Key Trends and Drivers Summarized

Flexible Printed Circuit Boards (FPCBs) are a type of electronic component used to enable connectivity and functionality in a wide range of electronic devices. FPCBs are known for their flexibility, which is derived from the use of pliable materials such as polyimide or polyester film. This flexibility allows the boards to be folded or bent into various shapes, making them ideal for compact and complex electronic products like smartphones, tablets, wearables, and medical devices. The construction of FPCBs typically involves the layering of conductive copper circuits on a flexible substrate, which is then covered by a protective film. This design not only provides essential electrical connectivity but also significantly reduces the space and weight compared to traditional rigid circuit boards.

The manufacturing and utilization of FPCBs have evolved with advancements in technology and changes in consumer electronics design. The demand for lighter, smaller, and more efficient devices has propelled the adoption of FPCBs in various sectors. In consumer electronics, FPCBs are crucial for improving product design and functionality, allowing for thinner devices without sacrificing performance. The automotive industry also increasingly relies on these components for systems related to safety, infotainment, and connectivity, reflecting a broader trend towards more electronically sophisticated vehicles. Furthermore, the medical sector utilizes FPCBs for a variety of innovative applications, including wearable health monitors and advanced diagnostic equipment, where flexibility and device miniaturization are paramount. The shift towards flexible electronics across these industries has prompted significant investments in FPCB technologies, aiming to enhance durability and integration capabilities while addressing the specific needs of increasingly complex electronic assemblies.

The growth in the Flexible Printed Circuit Boards market is driven by several factors. Key among these is the ongoing miniaturization of electronic devices, which necessitates the use of components that can fit into increasingly smaller spaces without compromising functionality. The consumer demand for more portable and wearable technology continues to push the envelope on how small and efficient these devices can become. Another significant driver is the automotive industry`s shift towards electric and autonomous vehicles, which require extensive electronic systems for operation and safety features, thereby increasing the demand for FPCBs. Additionally, advancements in telecommunications, particularly in 5G networks, have created a need for high-frequency FPCBs that can operate effectively at higher speeds and in compact spaces. These market-specific demands are complemented by innovations in FPCB materials and manufacturing processes, which improve performance and durability, further bolstering market growth. As these trends continue, the FPCB market is expected to see substantial expansion, catering to a broader range of technologically advanced applications.

SCOPE OF STUDY:

The report analyzes the Flexible Printed Circuit Boards market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Double Sided, Rigid-Flex, Single Sided, Multilayer, Other Types); End-Use (Consumer Electronics, Automotive, Industrial, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 266 Featured) -

• 3M Company
• Arrow Electronics, Inc.
• Andus Electronic GmbH
• Benchmark Electronics, Inc.
• A-Flex
• All Flex Flexible Circuits & Heaters.
• Arel Srl
• AT & S Austria Technologie & Systemtechnik AG
• ACB NV
• AirBorn Flexible Circuits, Inc. (AFC)
• Amphenol Printed Circuits
• Argus Embedded Systems Pvt., Ltd.
• Asia Pacific Circuits Co., Ltd.
• 3CEMS Group
• Accurate Engineering Company Pvt., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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