June 16, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, June 16, 2022 (GLOBE NEWSWIRE) -- The global flexible printed circuit board market was valued at US$ 20.6 Bn in 2021. It is estimated to expand at a CAGR of 10.3% from 2022 to 2031. Review of flexible circuit technology and its applications predicts that the global market is estimated to attain valuation of US$ 55 Bn by 2031. The electronics industry is growing at a rapid pace, strengthening the fundamentals of all contemporary technologies, and breakthroughs and improvements in this field have a direct influence on all downstream technologies. In order to o diversify their revenue streams, top flexible printed circuit board manufacturers are likely to take advantage of incremental possibilities in flexible printed circuit boards.
Rigid-flex and flex PCBs are here to remain, and more versatile electronics are making their way from the research facility to the market. Flex PCBs are now utilized for a lot other purposes than just operating a motor in a magnetic hard disk. A dynamic flex PCB is likely to be found in any gadget that has a translating or foldable part. Flexible printed circuit boards are made from materials that are both reasonably priced and lightweight. Flexible printed circuit board materials lower prices whilst providing suitable connecting choices for the flexible printed circuit board industry. Since they are so trustworthy, these circuit boards are considered a perfect substitute for conventional wiring procedures.
Flexible printed circuit manufacturing process is a complicated one. Multilayer flex refers to flexible circuits with three or even more layers of conductors. These circuits are difficult to make and are quite expensive, yet they satisfy the requirements of even more circuit density among manufacturers, designers, and customers. Flexible multilayer circuits are useful in the aerospace and defence industries, wherein they enable high-density circuits that are flexible. Furthermore, these circuits are utilized in compact RF/microwave antennas as well as circuits that operate in high-vibration environments.
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Key Findings of Market Report
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Global Flexible Printed Circuit Board Market: Growth Drivers
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Global Flexible Printed Circuit Board Market: Key Players
Some of the key market players are
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Global Flexible Printed Circuit Board Market: Segmentation
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