According to the market research firm Transparency Market Research, the worldwide market for flexible printed circuit boards was $13.51 billion in 2016. It is forecast to grow 11.0% per year between 2017 and 2025 and be worth $33.39 billion by the end of 2025.
Transparency Market Research says this is driven by the demand for consumer electronics - most notably smart phones and tablets, and the Internet of Things (IoT).
According to their research, "The emergence of Internet of Thing (IoT) across the world has had a substantial influence on a variety of products and markets, of which the global flexible printed circuit board market is a prominent one. With the increasing penetration of smart phones, tablets, and laptops, the demand for flexible printed circuit boards has increased significantly, leading to a remarkable rise in the market’s valuation. Apart from this, the soaring demand for consumer electronics and rising uptake of these boards in automotive applications are also boosting this market considerably. However, the market may face challenges from the dynamic nature of the semiconductors and electronics industry over the forthcoming years."
Flexible printed circuit boards are finding more and more uses in different market segments. As electronics, manufactured products, and other goods come to rely on them, their demand should grow.
Imagineering, Inc. Learn about our services or get a quick quote at pcbnet.com