Flexible Printed Circuit Boards Market Size To Expand At 11.2% CAGR By 2025, Based On Increasing Demand For Compact Electronic Devices | Million Insights

Flexible Printed Circuit Boards Market Size To Expand At 11.2% CAGR By 2025, Based On Increasing Demand For Compact Electronic Devices | Million Insights

PR Newswire

FELTON, Calif., Feb. 2, 2021

FELTON, Calif., Feb. 2, 2021 /PRNewswire/ -- The global flexible printed circuit boards market size is estimated to be USD 26.8 billion, by the end of 2025, and is projected to grow at the CAGR of over 11.2% during the forecasted period, 2019 to 2025, according to the new report by Million Insights. Increasing demand for the compact electronic devices is mainly boosting the growth of flexible printed circuit boards (PCB). In addition, rising demand in the telecom and IT sector along with the high demand for high-speed data processing is pushing the need for flexible circuits.

Furthermore, flexible-printed type circuit boards are lighter in weight & thin in size when compared with other circuit boards. Additionally, various factors like cost and durability are increasing the adoption of flexible PCBs. In the automotive sector, growing demand for innovative navigation displays, miniatures are proliferating the utility of flexible PCBs.

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These PCBs are widely used in health monitoring and medical equipment which include modulation devices, neuro-stimulation, pacemakers, and defibrillators. Flexible PCBs provide various benefits including enhanced performance and packaging flexibility which are expected to positively impact the market growth. Manufacturers in the market continuously focus on developing fabrication technology to produce improved PCBs. Various companies provide dedicated/tailored flexible circuit boards according to specification framed by original equipment manufacturers.

The flexible printed circuit board market is witnessing significant growth due to rising awareness among OEMs about these PCBs. This includes benefits provided by PCBs such as wiring errors, circuit complexity, operating temperature, and weight.

Further key findings from the report suggest:

Browse 80 page research report with TOC on "Global Flexible Printed Circuit Boards (FPCB) Market" at: https://www.millioninsights.com/industry-reports/global-flexible-printed-circuit-board-fpcb-market

Million Insights has segmented the global flexible printed circuit boards market based on type, end use, and region:

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