Flexible Printed Circuit Market – Size, Analysis, Forecast & Competition Benchmarking

Overview

Report Segment | Technology | Report ID – TGRI5362

Flexible Printed Circuit Market Overview:

The market for Flexible Printed Circuit was valued at XX Bn USD in the year 2023 and expected to reach XX Bn by the year 2030. The CAGR for the market is XX% during the period 2024  -2030.

By reducing the number of wires required, flexible printed circuit boards (FPCBs) make the overall assembly design of a system simpler. Flexible electronics are inexpensive, lightweight, and used in any gadget that has a translating or foldable component.

Flexible electronics are employed as dependable substitutes for conventional wire techniques because they provide sufficient interconnectivity possibilities in constrained spaces. Some recent developments in the flexible printed circuit board market that are reshaping the flexible electronics landscape are the development of green PCBs and PCB shrinking.

Many electronic gadgets with intricate networks use flexible printed circuit boards. Flexible circuitry has become increasingly popular in the electronics industry because to its superior electric induction and regulated performance.

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Market Dynamics

Flexible Printed Circuit Market Growth Indicators:

  • Rising Demand for Miniaturization in Electronics
  • Advancements in Manufacturing Technologies
  • Expanding Applications in Automotive and Aerospace
  • Growth of the Internet of Things (IoT)

Growth of the Internet of Things (IoT)

The desire for compact, dependable, and efficient circuitry from the growing number of connected devices is a major driver of the Flexible Printed Circuit (FPC) industry, which is being driven by the Internet of Things (IoT). Smart homes, healthcare, industrial automation, and transportation are just a few of the industries that use IoT applications. To integrate sensors, processors, and communication modules, these applications require lightweight and adaptable solutions. FPCs are perfect for these kinds of applications since they can squeeze into small spaces and fit into the complex shapes of contemporary gadgets. The need for FPCs to support the complex connectivity and functionality of IoT devices is increasing as the push for smart technology picks up speed, spurring innovation and investment in this industry.

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Market Segments

Flexible Printed Circuit Market Report Segments Overview:

Type Segment Overview:

On the basis of Type, the market is categorised into Single-Sided FPCs, Double-Sided FPCs and Multi-Layer FPCs.The most rapid rise is anticipated for multi-layer FPCs because of their capacity to fit more functionality and complicated circuitry into ever-tinier designs. Multi-layer FPCs offer the required performance and downsizing as the need for sophisticated electronic devices grows, particularly in industries like automotive, healthcare, and telecommunications. They are essential for applications where performance is crucial and space is constrained, such as advanced driver assistance systems (ADAS), expensive medical equipment, and complex consumer electronics. Multi-layer FPCs are the market category with the fastest rate of growth because to the increasing demand for them brought about by the trend towards IoT and smart devices, which frequently necessitate high-density interconnections.

Application Segment Overview:

On the basis of Application, the market is categorised into Consumer Electronics, Automotive, Aerospace & Defense, Industrial Electronics and Telecommunications. Due to the rising integration of sophisticated electronic systems in automobiles, the automotive industry is predicted to expand at the quickest rate for Flexible Printed Circuits (FPCs). The need for FPCs is rising as the industry moves toward autonomous driving technology and electric cars (EVs). For a number of applications where weight and space economies are critical, including infotainment systems, battery management systems, and advanced driver assistance systems (ADAS), FPCs are indispensable. The use of FPCs is further fueled by regulatory pressures for improved safety features and connectivity in automobiles. The automotive application is expected to be the main development area for FPCs in the upcoming years due to a mix of industry trends and technology advancements.

Material Segment Overview:

On the basis of Material, the market is categorised into Polyimide, Polyester and Other Materials.Polyimide is expected to be the fastest-growing material in the Flexible Printed Circuit (FPC) market due to its excellent thermal stability, flexibility, and chemical resistance, making it ideal for high-performance applications. As industries increasingly demand reliable and durable solutions, especially in automotive, aerospace, and medical sectors, polyimide’s properties cater to the need for circuits that can withstand harsh environments and high temperatures. Additionally, the trend toward miniaturization and the growing complexity of electronic devices drive the use of polyimide in advanced applications, where performance is critical. As a result, polyimide is likely to see robust growth compared to polyester and other materials.

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Regional Outlook

Flexible Printed Circuit Market Regional Outlook:

Fastest Growing Region: North America

North America is expected to emerge as a rapidly growing market for Flexible Printed Circuits (FPCs) because of a number of important elements, such as the region’s concentration on advanced industrial skills and technological innovation. Demand is being driven by the growing use of FPCs in high-tech sectors including healthcare, automotive, and aerospace, especially for uses like electric vehicles and medical equipment. Furthermore, as smart gadgets and the Internet of Things gain popularity in the United States, flexible circuitry is finding new uses in applications that need small, light solutions. Furthermore, North America’s strong R&D ecosystem and concentration of top electronics businesses encourage ongoing improvements in FPC technology, which in turn drives the region’s market expansion.

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Key Players

Flexible Printed Circuit Market Players Mapping:

  • AT&S
  • Zhen Ding Tech.
  • Group Technology Holding Limited
  • Benchmark Electronics, 
  • Cicor Management AG.
  • Eltek Ltd.
  • TTM Technologies, 
  • IEC Electronics, Flex Ltd
  • Career Technology (Mfg.) Co., Ltd.
  • Daeduck GDS
  • Fujikura Ltd.
  • Multi-Fineline Electronix, Inc. (MFLEX)
  • Sumitomo Electric Industries, Ltd.
  • Interflex Co. Ltd.
  • NewFlex Technology Co., Ltd.
  • Nitto Denko Corporation
  • NOK Corporation.

Recent Activity by companies in Flexible Printed Circuit Market

In September 2023, Nitto Denko introduced a new line of eco-friendly FPC materials that utilise sustainable practices in their production processes. This initiative aligns with the company’s commitment to reducing its environmental impact and meeting the rising demand for sustainable electronics. In October 2023, The company announced a strategic partnership with a leading tech firm to co-develop next-generation flexible circuits that incorporate

cutting-edge technologies for IoT applications. This collaboration aims to enhance Nitto Denko’s offerings in the rapidly growing IoT market. These developments reflect Nitto Denko’s proactive approach to adapting to market trends and enhancing its competitive edge in the FPC sector.

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Report Coverage

Flexible Printed Circuit Market Coverage:

By Type

  • Single-Sided FPCs
  • Double-Sided FPCs
  • Multi-Layer FPCs

By Application

  • Consumer Electronics
  • Automotive
  • Aerospace & Defense
  • Industrial Electronics
  • Telecommunications

By Material

  • Polyimide
  • Polyester
  • Other Materials

By Region:

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

Flexible Printed Circuit Market Report Outlook

Flexible Printed Circuit Market Coverage2019- 2030
Fastest Growing RegionNorth America
Flexible Printed Circuit Market Forecast2024 – 2030
Historical Data2019 – 2022
Base Year2023
Competition Benchmarking10 + Key Players Mapping 
Report FormatPPT + PDF + Excel

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  • AT&S
  • Zhen Ding Tech.
  • Group Technology Holding Limited
  • Benchmark Electronics, 
  • Cicor Management AG.
  • Eltek Ltd.
  • TTM Technologies, 
  • IEC Electronics, Flex Ltd
  • Career Technology (Mfg.) Co., Ltd.
  • Daeduck GDS
  • Fujikura Ltd.
  • Multi-Fineline Electronix, Inc. (MFLEX)
  • Sumitomo Electric Industries, Ltd.
  • Interflex Co. Ltd.
  • NewFlex Technology Co., Ltd.
  • Nitto Denko Corporation
  • NOK Corporation.


  1. Preface
    1. Flexible Printed Circuit Market Introduction
    2. Flexible Printed Circuit Market Stage – Analyst View
    3. Flexible Printed Circuit Market Segmentation
    4. Key Research Objectives
  2. Assumptions and Research Methodology
    1. Research Methodology
      1. Primary Data Source
      2. Secondary Data Sources
    2. Key Assumptions for Data Modeling
  3. Executive Summary – Global Flexible Printed Circuit Market
  4. Flexible Printed Circuit Market Analyst View
    1. Flexible Printed Circuit Market Overview
    2. Flexible Printed Circuit Market Factor Analysis
      1. Ecosystem/Value Chain Analysis
      2. Flexible Printed Circuit Market Dynamics (Growth Influencers)
        1. Drivers
        2. Restraints
        3. Opportunities
        4. Trends
          1. Impact Analysis of Drivers and Restraints
      3. Flexible Printed Circuit Market Analysis – PESTLE
      4. Flexible Printed Circuit Market Analysis – Porter’s
    3. Flexible Printed Circuit Market Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East and Africa/South America)
      1. Type
      2. Application
      3. Material
  5. Global Flexible Printed Circuit Market Segmentation
    1. Flexible Printed Circuit Market Revenue Analysis (US$ Bn), 2019 – 2030
    2. Historic Growth Trends, 2019 – 2022
    3. Forecast Trends, 2023 – 2030
  6. Global Flexible Printed Circuit Market Analysis, Type
    1. Overview & Definitions
    2. Key Type Analysis
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , Type, 2019 – 2030
      1. Single-Sided FPCs
      2. Double-Sided FPCs
      3. Multi-Layer FPCs
  7. Global Flexible Printed Circuit Market Analysis, Application
    1. Overview & Definitions
    2. Key Application Analysis
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , Application, 2019 – 2030
      1. Consumer Electronics
      2. Automotive
      3. Aerospace & Defense
      4. Industrial Electronics
      5. Telecommunications
  8. Global Flexible Printed Circuit Market Analysis, Material
    1. Overview & Definitions
    2. Key Material Analysis
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , Material, 2019 – 2030
      1. Polyimide
      2. Polyester
      3. Other Materials
  1. Global Flexible Printed Circuit Market Analysis and Forecast, By Region
    1. Key Findings
    2. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , by Region, 2019 – 2030
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East and Africa
      5. South America
  2. North America Flexible Printed Circuit Market Analysis
    1. Regional Outlook
    2. Flexible Printed Circuit Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Type
      2. Application
      3. Material
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. U.S.
      2. Canada
      3. Mexico
  3. Europe Flexible Printed Circuit Market Analysis and Forecast
    1. Regional Outlook
    2. Flexible Printed Circuit Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Type
      2. Application
      3. Material
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
  4. APAC Flexible Printed Circuit Market Analysis and Forecast
    1. Regional Outlook
    2. Flexible Printed Circuit Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Type
      2. Application
      3. Material
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Australia
      6. Rest of APAC
  5. Middle East and Africa (MEA) Flexible Printed Circuit Market Analysis and Forecast
    1. Regional Outlook
    2. Flexible Printed Circuit Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Type
      2. Application
      3. Material
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. UAE
      2. Saudi Arabia
      3. Qatar
      4. South Africa
      5. Rest of MEA
  6. South America Flexible Printed Circuit Market Analysis and Forecast
    1. Regional Outlook
    2. Flexible Printed Circuit Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Type
      2. Application
      3. Material
    3. Flexible Printed Circuit Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. Brazil
      2. Argentina
      3. Rest of South America
  7. Flexible Printed Circuit Market | Key Players Market Share Analysis (2023)
  1. Competition Benchmarking
    1. Key Players Profiles
      1. AT&S,
        1. Company Overview
        2. Financial Analysis
        3. Recent Developments
        4. Portfolio Analysis
        5. Business Strategy Deep Dive
        6. SWOT Analysis
      2. Zhen Ding Tech. 
      3. Group Technology Holding Limited,
      4. Benchmark Electronics,
      5. Cicor Management AG.,
      6. Eltek Ltd.,
      7. TTM Technologies,
      8. IEC Electronics, Flex Ltd,
      9. Career Technology (Mfg.) Co., Ltd.,
      10. Daeduck GDSFujikura Ltd.,
      11. Multi-Fineline Electronix, Inc. (MFLEX),
      12. Sumitomo Electric Industries, Ltd.,
      13. Interflex Co. Ltd.,
      14. NewFlex Technology Co., Ltd.,
      15. Nitto Denko Corporation,
  2. Analyst Takeaways

Data Collection and Research:

As a market research and consulting firm with extenstive experience, we have published numerous reports and provided strategic guidance to clients worldwide. Our research process begins with a thorough evaluation of existing data and insights from previously published reports. We gather historical and current market information from sources such as investor presentations, annual reports, SEC filings, and company performance data, leveraging paid databases. Additionally, we consult a variety of publicly available publications for further context.

To obtain both technical and market-specific insights, we engage with industry associations, trade organizations, technical forums, and research institutes. Their publications, including research papers, blogs, and press releases, offer valuable market cues. Moreover, we meticulously analyze white papers, journals, magazines, and news articles published in the last four years to identify and interpret the latest market trends.

Research Compilation and Data Sourcing

The primary interview analysis is based on data gathered from interviews with industry participants and responses to survey questions collected by our in-house research team.

For primary research, we engage with industry professionals such as CEOs, Marketing and Sales Managers, VPs, and Subject Matter Experts from both the demand and supply sides to gain a comprehensive understanding of the market. Our primary research team conducts multiple interviews, tailored to the complexity of each market, to capture key trends and dynamics, ensuring the research is both reliable and accurate.

Research interview are leverage for following key parameters:

  • Offers direct insights into market size, trends, growth patterns, competitive landscape, and future outlook.
  • Confirms and enhances the findings from in-house secondary research.
  • Deepens the analysis team’s expertise and understanding of the market.
  • Identifies emerging opportunities and potential challenges within the market.
  • Captures real-time feedback and perspectives from key industry stakeholders.
  • Enhances the accuracy of market forecasts and projections.

Primary research is conducted through email communications and telephone interviews, targeting each market, category, segment, and sub-segment across various regions. The participants in this process typically include, but are not limited to:

Industry professionals: VPs, business development managers, market intelligence managers, and national sales managers.

External experts: Valuation specialists, research analysts, and key opinion leaders with expertise in the sepcific market sectors.

Primary respondents breakup:

Upon receiving confirmation from primary research sources or respondents, we finalize the base year market estimates and proceed to forecast data. This is done by incorporating the macroeconomic and microeconomic factors evaluated during the data collection phase.

Data Analysis:

After validating the data through secondary and primary sources, we refine the market estimations by developing hypotheses and performing factor analysis at both regional and national levels.

3.1 Macro-Economic Factor Analysis:

We assess macroeconomic indicators such as Gross Domestic Product (GDP), changes in demand across industries, technological advancements, regional economic growth, government policies, the impact of COVID-19, and PEST analysis. This evaluation helps establish benchmarks for different nations and regions and approximates market segments. Additionally, the general trends in these factors assist in identifying potential market growth opportunities.

3.2 Country Level Data:

To determine the market size for specific regions and countries, we consider various country-specific factors. These include the presence of vendors (headquarters and offices), the country’s GDP, demand patterns, and industry growth. We examine growth drivers, inhibitors, application areas, and current market trends to understand the dynamics within each nation. This analysis is crucial for assessing the growth potential of the market in each country.

3.3 Company Profile:

The “Table of Contents” includes a detailed analysis of over 25 to 30 companies operating within the market ecosystem across different geographies. Typically, our syndicate reports profile 10 companies, representing leading, emerging, and regional players. However, our analysis extends beyond these 10 companies to ensure a comprehensive understanding of market trends. The “Company Profiles” section features key facts, business descriptions, products and services, financial information, SWOT analysis, and key developments. Financial data is sourced from annual reports and official documents of publicly listed companies, and is verified through primary sources before compilation. This company-level information is essential for determining the base number and forecasting market size.

3.4 Developing Base Number:

We aggregate sales data, macroeconomic factors, and insights from secondary and primary research to establish the base number and market shares for the base year. This phase involves identifying data gaps and analyzing relevant market data from paid interviews or databases. After finalizing the base year market size, we develop forecasts based on macroeconomic factors, industry growth, and company-level analysis.

Data Triangulation and Final Review:

We validate market findings and base year calculations through both supply and demand-side evaluations. Demand-side validations are based on macroeconomic analysis and regional benchmarks, while supply-side validations involve estimating revenues of major companies using industry benchmarks, employee numbers, product portfolios, and primary interviews. We assess revenue from target product/service segments to ensure accurate market statistics. Significant deviations between supply and demand values prompt a re-evaluation to achieve consistency.

Our iterative approach involves sharing research findings with Subject Matter Experts and Key Opinion Leaders until a consensus view is achieved. This process helps mitigate drastic deviations in expert opinions. We use data triangulation—validating information from secondary sources with primary interviews and re-verifying with internal databases and experts—to ensure high-quality, reliable data is delivered efficiently.



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