Rigid-flex Printed Circuit Boards (PCBs) Market By Type (Single Sided Rigid-Flex PCBs, Double Sided Rigid-Flex PCBs, Multi-layered Rigid-Flex PCBs), By End-Use (Aerospace & Defense, It & Telecommunication, Consumer Electronics, Industrial, Automotive, Healthcare, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The global rigid-flex PCBs market is expected to reach $5,316.3 million in 2026, with a compound annual growth rate (CAGR) of 4.3% from 2018 to 2026. A prominent factor driving the rigid-flex PCB market is the continual growth observed across the Internet of Things (IoT) technology. IoT has emerged as a critical technology in the IT industry, used to synchronize all smart objects across an integrated network via the Internet. The technology enables end-users to monitor and control connected devices and processes in real time. Additionally, with the rising deployment of digital solutions in a bid to transform existing business processes into connected ones, demand for IoT hardware, solutions, and services is expected to increase across the forecast period. The number of connected devices is expected to exceed 20.0 million by 2020, thereby driving demand for rigid-flex printed circuit boards worldwide. The IT and telecom sectors are witnessing strong and steady growth, with significant spending on ICT products and solutions. This, in turn, is anticipated to favor the demand for rigid-flex PCBs throughout the forecast period from 2018 to 2026.

Market Synopsis

consumer electronics segment to cement its dominance in the rigid-flex PCB market

Consumer electronics represents the largest application segment for rigid-flex PCBs. In 2017, the segment accounted for more than a quarter of the global market value. The trend shall prolong, and the segment is presumed to retain its leading position, exhibiting strong growth through the forecast period from 2018 to 2026. The anticipated growth in this segment will be driven by the growing adoption of rigid-flex circuit boards in smartphones, tablets, and wearable consumer gadgets (smartwatches, etc.). In addition, the superior benefits offered by the rigid-flex technology in terms of size, weight, reliability, and assembly cost are driving the use of these circuit boards in consumer electronic devices. On the other hand, budding application segments, including healthcare and automotive, are also presumed to register strong growth during the forecast period from 2018 to 2026.

Steady Growth of the Consumer Electronics Sector to Ensure the Dominating Position of the Asia Pacific Market

In terms of market value, the global rigid-flex PCBs market is led by Asia Pacific, followed by North America and Europe. In 2017, the region accounted for over 70% of the global market value generated worldwide. Asia Pacific is slated to remain the most attractive business destination for rigid-flex PCBs throughout the forecast period. With the perpetually growing consumer electronics market in the region, the demand for components, including rigid-flex PCBs, is also expected to grow swiftly. Over the period, China, Japan, and South Korea have emerged as major hubs for consumer electronics manufacturing. Of these, China represents the largest market for rigid-flex PCBs in the region.

Innovative Product Portfolio Strengthening Techniques Will Remain a Key Strategy for Rigid-Flex PCB Manufacturers

Major players in the global rigid-flex PCB market include Nippon Mektron, Ltd., TTM Technologies, Inc., Unimicron Technology Corporation, Samsung Electro-Mechanics, and AT&S, among others. The prominent players present in the market are focusing on implementing new growth and innovation techniques for strengthening their product portfolio of rigid-flex PCBs to obtain an upper hand and stay ahead of the competition. Product innovation, partnerships, mergers, and acquisitions remain key strategies adopted by the players operating in the market. In January 2018, Nippon Mektron, Ltd. acquired an equity interest in Nitto Denko (Suzhou) Co., Ltd., an electronic component manufacturing company. The acquisition of the equity interest will help enhance the company’s market competitiveness and will create a base for future development in the years to come. Prominent players are also focusing on expanding their geographical presence across emerging economies like Japan and India. For instance, in September 2018, TTM Technologies, Inc. announced the opening of its regional offices in India and Japan, respectively.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The rigid-flex PCBs market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global rigid-flex PCB market based on type, end-use, and geography.

Key questions are answered in this report.

  • What was the market size of rigid-flex PCBs in 2017, and what is the forecast up to 2026?
  • Which is the largest regional market for rigid-flex PCBs?
  • What are the key market trends observed in the rigid-flex PCB market and the outlook for the consumer electronics sector?
  • Which are the most promising types and end-use applications in the rigid-flex PCB market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key application industry trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Rigid-flex Printed Circuit Boards (PCBs) Market is expected to reach US$ 5,316.3 Mn in 2026.

The Rigid-flex Printed Circuit Boards (PCBs) Market is expected to see significant CAGR growth over the coming years, at 4.3%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Nippon Mektron, Ltd., TTM Technologies, Inc., Unimicron Technology Corporation, Samsung Electro-Mechanics are some of the major players in the global market.

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Published Date:  Dec 2018
Category:  Technology & Media
Report ID:   59476
Report Format:   PDF
Pages:   160
Rating:    4.6 (72)
Delivery Time: 24 Hours to 48 Hours   
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