The global flexible printed circuit board is projected to exhibit a CAGR of 12.6% during the forecast period from 2018 to 2023. As per the analysis, the growing demand for consumer electronics is anticipated to be the most crucial factor driving the global flexible printed circuit market 2020. The growing investment in miniaturization of electronic equipment has led to a generous rise in the demand for flexible circuit boards. Besides, they are widely used in electronic devices across various sectors like consumer electronics, automotive, and healthcare. Further, the increasing demand of consumers for electronics is driving the market significantly. Besides, the robust penetration of smart devices such as smartwatches and mobile phones are likely to augment the market further. In addition, the integration of flexible-circuit laminates and thermal performance in an electronic device which opens several gates of opportunities.
Further, there are several macro and microeconomic factors that are driving the regional market. As per the research, the second position is attained by North America. The region is predicted to expand at the highest CAGR during the review period. The market is estimated to hold a substantial value of USD 3,300 million. The region is estimated to flourish due to the presence of various established players. Europe and RoW are projected to grow significantly during the forecast period.
However, the market graph is estimated to change due to the outbreak of COVID-19. Various regions have been under the observation of lockdown.
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Key Players
The renowned players of the global flexible printed circuit board market are bhflex Co. Ltd., Career Technologies, Sumitomo Electric Industries Ltd., Interflex Co. Ltd., Flexible Circuit, Fujikura Ltd., MFS Technology, Daeduck GDS Co. Ltd., Nitto Denko Corporation, and Zhen Ding Tech
