Flexible Printed Circuit Board - FPCB Market Report 2024 (Global Edition)

Global Flexible Printed Circuit Board - FPCB Market Report 2024 Market Size Split by Type (Single-Sided FPCBs , Double-Sided FPCBs , Multilayer FPCBs , Rigid-Flex FPCBs , Others), by End User (Ind...

Flexible Printed Circuit Board - FPCB Market Report Description

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Competitive Landscape of the Flexible Printed Circuit Board - FPCB Market

The Flexible Printed Circuit Board (FPCB) market features intense competition among key players. To enhance their market presence, these companies focus on technological advancements, strategic partnerships, mergers, and acquisitions. Increasing demand for lightweight and flexible electronics across various industries drives the competitive landscape of the FPCB market.

Flexible Printed Circuit Board - FPCB Industry News

In June 2021, AT&S announced its decision to start a new campus in Kulim Hi-Tech Park, Kedah, Malaysia, to produce high-end PCBs and IC substrates. The move involved a total investment of RM 8.5 Bn (€1.7 Bn) and is set to create up to 5,000 high-impact jobs.

(Source: https://ats.net/en/news/ats-celebrates-opening-at-the-new-campus-in-malaysia/)

Top Companies Market Share in Flexible Printed Circuit Board - FPCB Industry: (In no particular order of Rank)

• AT&S
• Zhen Ding Tech. Group Technology Holding Limited
• Benchmark Electronics
• Cicor Management AG.
• Eltek Ltd.
• TTM Technologies
• IEC Electronics
• Flex Ltd.
• Career Technology (Mfg.) Co. Ltd.
• Daeduck GDS
• Flexcom Inc.
• Fujikura Ltd.
• Multi-Fineline Electronix
• Inc. (MFLEX)
• Sumitomo Electric Industries Ltd.
• Interflex Co. Ltd.
• New Flex Technology Co. Ltd.
• Nitto Denko Corporation
• NOK Corporation
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Flexible Printed Circuit Board - FPCB

Which Region will dominate the Flexible Printed Circuit Board - FPCB market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to technological advancements and the proliferation of electronics in various industries such as automotive, healthcare, and consumer electronics. Moreover, increasing demand for lightweight, compact, and durable electronic devices further propels the adoption of FPCBs. North America's stringent regulatory standards and emphasis on innovation stimulate continuous research and development activities, fostering market growth. Additionally, the region's inclination towards the adoption of advanced technologies like IoT and 5G networks creates ample opportunities for FPCB manufacturers. Overall, North America remains a significant contributor to the global FPCB market, with promising prospects for further expansion.

Which is Expanding at the Fastest CAGR?

Europe is the fastest-growing market due to the advancements in the electronics and automotive industries. The flourishing consumer electronics sector and the increasing adoption of smart devices also stimulate the demand for FPCBs. Moreover, stringent regulations regarding energy efficiency and environmental sustainability fuel the market's expansion as FPCBs offer lightweight and eco-friendly solutions. Collaborations between industry players and research institutions further propel technological advancements in FPCB manufacturing processes. Overall, Europe's FPCB market showcases promising opportunities amidst evolving technological landscapes and increasing demand for compact, high-performance electronic components.

The current report Scope analyzes Flexible Printed Circuit Board - FPCB Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Flexible Printed Circuit Board - FPCB Market

According to Cognitive Market Research, the global Flexible Printed Circuit Board - FPCB market size was estimated at USD 21845.2 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 8738.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031 due to the increasing demand from industries such as automotive, consumer electronics, and healthcare. Technological advancements in FPCB manufacturing processes, along with the growing trend of miniaturization in electronic devices, are fueling market growth. Key players are focusing on innovation, such as the development of flexible hybrid electronics, to gain a competitive edge. Additionally, the region's robust infrastructure and favorable regulatory environment contribute to the market's expansion, promising sustained growth in the foreseeable future.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Flexible Printed Circuit Board (FPCB) market, with a market size of USD 6894.35 million in 2024. The market is projected to grow at a CAGR of 10.8% during the forecast period. The demand is amplified by the trend towards miniaturization, and lightweight designs boost FPCB adoption. 
• The Canadian flexible Printed Circuit Board (FPCB) market had a market share of USD 1048.57 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Canada's lightweight design, space efficiency, and flexibility further fuel growth.
• The Mexico Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 11.5% during the forecast period and reach USD 795.17 million in 2024.

Europe Flexible Printed Circuit Board - FPCB Market

According to Cognitive Market Research, the global Flexible Printed Circuit Board - FPCB market size was estimated at USD 21845.2 Million, out of which Europe held the major market of more than 30% of the global revenue with market size of USD 6553.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031 due to increasing demand for lightweight, compact electronic devices, along with advancements in flexible electronics technology. Additionally, the automotive sector's adoption of FPCBs for applications like infotainment systems and advanced driver-assistance systems is contributing to the market expansion. Furthermore, the proliferation of Internet of Things (IoT) devices and wearable electronics is creating new opportunities for FPCB manufacturers to cater to diverse consumer needs and preferences.

• The United Kingdom Flexible Printed Circuit Board (FPCB) market had a market share of USD 1101.00 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. This is due to technological innovations and the need for high-performance, reliable circuitry.
• The French Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 10.5% during the forecast period and reach USD 602.93 million in 2024.
• According to Cognitive Market Research, the German Flexible Printed Circuit Board (FPCB) market was valued at USD 1297.60 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. In Germany, FPCB sales surged due to advancements in manufacturing techniques and materials. 
• The Italy Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 10.7% during the forecast period, with a market size of USD 563.61 million in 2024.
• The Russian Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 10.3% during the forecast period and reach USD 1015.80 million in 2024.
• The Spanish Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 10.4% during the forecast period and reach USD 537.39 million in 2024.
• The Luxembourg Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 11.4% during the forecast period, reaching USD 203.16 million in 2024.
• The Portugal Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 11.1% during the forecast period and reach USD 137.62 million in 2024.
• The Greece Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 11.6% during the forecast period, reaching USD 78.64 million in 2024.
• The Rest of Europe's Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 10.0% during the forecast period, with a market size of USD 1015.80 million in 2024.

Asia Pacific Flexible Printed Circuit Board - FPCB Market

According to Cognitive Market Research, the global Flexible Printed Circuit Board - FPCB market size was estimated at USD 21845.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with market size of USD 5024.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.8% from 2024 to 2031 due to increasing demand for lightweight, compact electronic devices, particularly in consumer electronics and automotive sectors. Technological advancements in FPCB manufacturing processes, such as additive manufacturing and 3D printing, also contribute. Additionally, the rising adoption of FPCBs in medical devices and aerospace applications further propels market expansion. With the region's robust manufacturing infrastructure and growing electronics industry, Asia-Pacific remains a key hub for FPCB production and innovation.

• According to Cognitive Market Research, the Chinese Flexible Printed Circuit Board (FPCB) market was valued at USD 2260.98 million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. It is due to rapid urbanization and growth in automotive electronics.
• The Japan Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 13.3% during the forecast period, reaching USD 693.37 million in 2024. This growth is due to advancements in flexible electronics technology and increasing investments in research and development.
• The India Flexible Printed Circuit Board - FPCBs market had a market share of USD 602.93 million in 2024 and is projected to grow at a CAGR of 16.6% during the forecast period. 
• The South Korean Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 13.9% during the forecast period and reach USD 502.44 million in 2024.
• The Australian Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 14.5% during the forecast period, with a market size of USD 261.27 million in 2024.
• The South East Asia Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 15.8% during the forecast period, with a market size of USD 346.68 million in 2024.
• The Rest of the Asia Pacific Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 14.6% during the forecast period, reaching a market size of USD 356.73 million in 2024.

South America Flexible Printed Circuit Board - FPCB Market

According to Cognitive Market Research, the global Flexible Printed Circuit Board - FPCBs market size was estimated at USD 21845.2 Million, out of which Latin America market has more than 5% of the global revenue with a market size of USD 1092.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031 due to increasing demand for lightweight and compact electronic devices, advancements in automotive electronics, and the rising adoption of IoT technologies across various industries. Additionally, the region's expanding electronics manufacturing sector and supportive government initiatives are contributing to market expansion. These drivers collectively propel the FPCB market's growth, fostering innovation and technological advancement in the Latin American electronics industry.

• According to Cognitive Market Research, the Brazil Flexible Printed Circuit Board - FPCBs market size was valued at USD 467.49 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. Flexible Printed Circuit Board - FPCB sales flourish in Brazil due to the rise in adoption of FPCBs due to their lightweight, compactness, and flexibility.
• The Argentina Flexible Printed Circuit Board (FPCB) market had a market share of USD 183.50 million in 2024 and is projected to grow at a CAGR of 13.1% during the forecast period. The demand for FPCBs is augmented by their miniaturization, lightweight, and high reliability.
• The Colombia Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 12.0% during the forecast period, with a market size of USD 97.21 million in 2024.
• The Peru Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 12.4% during the forecast period, reaching USD 89.57 million in 2024.
• The Chile Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 12.5% during the forecast period, reaching USD 78.64 million in 2024.
• The Rest of the Latin America Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 11.3% during the forecast period, reaching a market size of USD 175.85 million in 2024.

Middle East and Africa Flexible Printed Circuit Board - FPCB Market

According to Cognitive Market Research, the global Flexible Printed Circuit Board - FPCB market size was estimated at USD 21845.2 Million, out of which Middle East and Africa held the major market of around 2% of the global revenue with market size of USD 436.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031 due to increasing demand for compact electronic devices, advancements in automotive electronics, and expanding applications in healthcare and aerospace sectors. Additionally, the region's burgeoning consumer electronics industry and rising investments in infrastructure development contribute to the market's upward trajectory, driving innovation and adoption of FPCBs for diverse applications.

• According to Cognitive Market Research, the GCC Countries' Flexible Printed Circuit Board - FPCBs market size was valued at USD 186.99 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Flexible Printed Circuit Board - FPCB sales flourish in the GCC Countries due to increasing demand in the automotive, consumer electronics, and healthcare sectors.
• The Egypt Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 12.8% during the forecast period, reaching USD 45.87 million in 2024.
• The South African Flexible Printed Circuit Board (FPCB) market is projected to grow at a CAGR of 13.5% during the forecast period, reaching USD 69.03 million in 2024. FPCB sales flourish in South Africa due to their lightweight, compact size and high reliability, which fuels their adoption.
• The Turkish Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 12.0% during the forecast period, with a market size of USD 37.57 million in 2024.
• The Nigeria Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 11.6% during the forecast period, with a market size of USD 45.87 million in 2024.
• The Rest of the MEA Flexible Printed Circuit Board - FPCBs market is projected to grow at a CAGR of 11.5% during the forecast period, reaching a market size of USD 51.55 million in 2024.

Flexible Printed Circuit Board - FPCB Market Analysis

Flexible Printed Circuit Board - FPCB Type Segment Analysis

According to Cognitive Market Research, Single-Sided FPCBs held the major market share over the forecast period. They are known for their cost-effectiveness and simplicity and are widely used in applications where space and weight are critical factors. They find applications in consumer electronics, automotive, and medical devices.

Double-sided FPCBs are the fastest-growing category over the forecast period. They offer increased design flexibility and density, making them suitable for more complex electronic devices such as smartphones, tablets, and cameras. Their ability to accommodate multiple layers of circuitry enables greater functionality and miniaturization.

• Single-Sided FPCBs 
• Double-Sided FPCBs 
• Multilayer FPCBs 
• Rigid-Flex FPCBs 
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Flexible Printed Circuit Board - FPCB Industry. Request a Free Sample PDF!

Flexible Printed Circuit Board - FPCB End-user Segment Analysis

According to Cognitive Market Research, Industrial Electronics hold a prominent market share. In Industrial Electronics, FPCBs are crucial components utilized in various applications such as control systems, automation, and sensing devices, owing to their flexibility and space-saving attributes.

Aerospace and defense are the fastest-growing categories over the forecast period. In Aerospace and defense, FPCBs play a pivotal role in mission-critical systems, offering lightweight, durable, and reliable solutions for communication, navigation, and avionics systems.

• Industrial Electronics 
• Aerospace & Defense 
• IT & Telecom 
• Automotive 
• Consumer Electronics 
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Flexible Printed Circuit Board - FPCB market report 2024 Edition by contacting our team.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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