Flexible Printed Circuit Market to Witness a Pronounced Growth at a CAGR of 6.7% through 2027
Monday, October 07, 2019
Press release from the issuing company
A recent market intelligence report that is published by Data Insights Partner on Flexible Printed Circuit Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Flexible Printed Circuit Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Flexible Printed Circuit Cable Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Flexible Printed Circuit Market is offered. In accordance with the report, the Flexible Printed Circuit Market is projected to expand at a CAGR of 6.7% through 2027 which is expected to cross the global market size of US$ 90 Bn by 2024.
Market Insight, Drivers, Restraints & Opportunity of the Market:
The future of the Flexible Printed Circuit is shining at a higher intensity to reduce the labour cost and reducing the production errors. Flexible Printed Circuit eliminates the high cost of soldering, wrapping and routing in the assembly process so it directly reduce the manufacturing cost. This cost saving abilities are pushing the demand for the Flexible Printed Circuits. Flexible Printed Circuits are flexible like wire so they are not static like rigid boards with only two dimensions. Hence, the Flexible Printed Circuits solve the complex problems of design, errors of wire circuit, reduction in assembly time for high volume production and decrease in production costs. The flexible circuit can move up to 500 million times without any errors of failure in the moving parts of the design. The polyimide in the circuit provides a better thermal stability and it allows the circuit to withstand the tasks involved with extreme heat. Apart from durability and heat stability features, the flexible circuits reduce the space usage and packaging cost. The rigid boards weigh more than the flexible ones and it also utilize more space. The thinness of the flexible circuit makes it durable for the complex designs where the rigid boards are difficult to be adjusted. The flexibility and elasticity of the flexibility circuit makes it the best option available in the market for better designs in lesser assembly time; and minimal costing of packaging and manufacturing. The consumer electronic has been the leading consumer for the Flexible Printed Circuit but now the other categories especially the automotive industry is significantly increasing the usage of these circuits. Asia Pacific is leading region in terms of the growing demand of Flexible Printed Circuit. United States, China, Japan, Europe and South Korea are the countries which are the producer of Flexible Printed Circuit. In terms of consumption, the market has a wide network of countries. Some of the countries in the higher consumption rate of Flexible Printed Circuit are China, India, Asia Pacific, United States, Mexico, Indonesia, Australia, Vietnam, France, Italy, Russia, Central & South America, Brazil, Middle East & Africa, Turkey, South Korea and GCC Countries.
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This market intelligence report on the Flexible Printed Circuit Market has been segmented by its type, its segmentation based upon application, the key manufacturers, growing market size & region-wise market shares. In terms of the Flexible Printed Circuit type, Flexible Printed Circuit Market has been divided into Rigid Flex Circuits, Single Sided Flex Circuits, Double Sided Flex Circuits, Multi-Layer Flex Circuits and Others. In terms of the application, Flexible Printed Circuit Market has been classified into Telecommunications, Computers & Data Storage, Defence & Aerospace, Instrumentations & Medical, Automotive, Industrial Electronics, Consumer Electronics and Others. By major regions, it is divided into Europe, Japan, South Korea, United States, China and Rest of the World. Based upon the application, the consumer electronics contribute to one-third of the market share in the usage of Flexible Printed Circuit type. And, according to region Asia Pacific has the largest revenue share of 60% which dominates the market all over the world.
Profiling of Market Players:
There are many multinational companies are investing in the growing market of Flexible Printed Circuit. Most of the companies are focusing on the large chunk of potential consumers in Asia Pacific and North America. The key players observed in the study are – Zhen Ding Technology Holdings Ltd, SEMCO, Hannstar Board Technology, Career Technology, Flexcom, Sumitomo Electrics Industries, Interflex Ltd, New Flex Technology, Nitto Denco Tachnology, NOK, Unimicron, Fujikura Ltd, Multek, Tripod and Young Poong among others.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2019-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Flexible Printed Circuit Market, size of the market (US$ Bn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Flexible Printed Circuit Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Zhen Ding Technology Holdings Ltd, SEMCO, Hannstar Board Technology, Career Technology, Flexcom, Sumitomo Electrics Industries, Interflex Ltd, New Flex Technology, Nitto Denco Tachnology, NOK, Unimicron, Fujikura Ltd, Multek, Tripod and Young Poong.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Flexible Printed Circuit Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, product manufacturers, investors, and distributors for Flexible Printed Circuit Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Flexible Printed Circuit Market
v Identification of key factors driving investment opportunities in the Flexible Printed Circuit Market Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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