Global Flexible Printed Circuit Boards Market Size, Share, and COVID-19 Impact Analysis, By Type (Single Sided FPCBs, Double Sided FPCBS, Multilayer FPCBS, Rigid-Flex PCBS, and Others), By End Use (Industrial Electronics, Aerospace & Defense, IT & Telecom, Automotive, Consumer Electronics, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Flexible Printed Circuit Boards Market Insights Forecasts to 2033

• The Global Flexible Printed Circuit Boards Market Size was estimated at USD 21.01 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 13.79% from 2023 to 2033
• The Worldwide Flexible Printed Circuit Boards Market Size is Expected to Reach USD 76.49 Billion by 2033
• North America is expected to grow the fastest during the forecast period.

The Global Flexible Printed Circuit Boards Market size was worth around USD 21.01 billion in 2023 and is predicted to grow to around USD 76.49 billion by 2033 with a compound annual growth rate (CAGR) of around 13.79% between 2023 and 2033. The expansion of the market is driven by various factors like the growing demand for flexible electronic devices used in various types of vehicles as well as the accelerated rate of development in automotive electronics.

Market Overview

The market for flexible printed circuit boards involves the manufacturing and sale of flexible electronic circuits. These circuits are fabricated with flexible plastic substrates, including polyimide, which enable the boards to fold and bend.  Other attributes related to FPCBs, including temperature flexibility and improved thermal characteristics, have been driving the growth witnessed by this market. Additionally, flexible printed circuit boards restrict wire usage in total assembly design, leading to simplification of design and facilitation of installation within different devices. Also, increased performance, packaging versatility, and flexibility provided by the FPCBs are expected to drive utilization in the forecast period substantially. Furthermore, portfolio expansions, new supply agreements, strongly increasing demand for smartphones, and rising use of automotive technology are anticipated to add profitable growth opportunities for this market in the forecast period.

Report Coverage

This research report categorizes the global flexible printed circuit boards market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global flexible printed circuit boards market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global flexible printed circuit boards market.

Driving Factors

The growth of this market is mainly driven by the factors like growing need for flexible electronic devices used in various types of vehicles and the fast rate of development in automotive electronics. Furthermore, space-saving features of the product and usage in various industries, including wearables, healthcare technology, and others, are likely to generate a boom in demand for this market.

Restraining Factors

Environmental issues regarding some of the materials applied in FPCBs result in more stringent regulations and higher production costs. These issues all contribute to the difficulties encountered by the FPCBs market.

Market Segmentation

The global flexible printed circuit boards market share is classified into type and end-use.

• The double sided FPCBS segment accounted for the largest revenue share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

In the terms of type, the global flexible printed circuit boards market is divided into single sided FPCBs, double sided FPCBS, multilayer FPCBS, rigid-flex PCBS, and others. Among these, the double sided FPCBS segment accounted for the largest revenue share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segment can be ascribed because it allows the designer to provide circuit trails at both the top and bottom surfaces of the circuit, which incorporates superior flexibility in the overall layout. Moreover, the benefits of double-sided FPCBs related to prospective wiring flaws, circuit design complications, and mass have attracted various users.

• The consumer electronics segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

In the terms of end-use, the global flexible printed circuit boards market is divided into industrial electronics, aerospace & defense, IT & telecom, automotive, consumer electronics, and other. Among these, the consumer electronics segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment growth is driven by the focus of several manufacturers in the consumer electronics industry to produce smaller-size products with sophisticated features and the desired quality.

Regional Segment Analysis of the Global Flexible Printed Circuit Boards Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global flexible printed circuit boards market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global flexible printed circuit boards market over the predicted timeframe. The regional market is due to the increasing availability of low-cost versions of FPCBs created in the region and the fact that major electronic manufacturing industry players are present in Asia. Increased growth in the ubiquity of smartphones in India, China, and other countries also contributes to the growth. Rising expansion encountered by the automotive manufacturing sector and the need for flexible PCBs in the automotive technology sector are expected to provide growth opportunities for this market.

North America is expected to grow at the fastest CAGR in the global flexible printed circuit boards market during the forecast period. The vital IT & telecom sector present in the region, the increasing need for sophisticated automotive technologies, and the ease of availability are drivers for the growth of this market. Over the past few years, the development of several supplier contracts has also contributed to the growth prospects of this regional industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global flexible printed circuit boards market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Benchmark Electronics
• AT&S
• Cicor Management AG
• Eltek Ltd.
• Flex Ltd
• IEC Electronics
• Jabil Inc.
• SigmaTron International, Inc.
• SMTC Corp
• Sumitomo Electric Industries, Ltd.
• TTM Technologies
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In December 2023, Yamaichi Electronics introduced an advanced high-heat resistant flexible printed circuit board (FPC) designed to withstand extreme conditions in industries such as automotive and semiconductor manufacturing.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global flexible printed circuit boards market based on the below-mentioned segments: 

Global Flexible Printed Circuit Boards Market, By Type

• Single Sided FPCBs
• Double Sided FPCBS
• Multilayer FPCBS
• Rigid-Flex PCBS
• Others

Global Flexible Printed Circuit Boards Market, By End Use

• Industrial Electronics
• Aerospace & Defense
• IT & Telecom
• Automotive
• Consumer Electronics
• Other

Global Flexible Printed Circuit Boards Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa