In a few years, the global rigid-flex PCB market will reach more than 5.8 billion US dollars, and the compound annual growth rate (CAGR) from 2020 to 2028 is 4.5%. The outstanding combination of rigid-flex PCB market is the observed growth in the Internet of Things (IoT) technology. The Internet of Things has become an important technology in the IT industry for synchronizing all smart objects on an integrated network via the Internet. This will ultimately enable real-time monitoring and control of connected equipment and processes.
In addition, as the deployment of digital solutions continues to increase, the forecast-oriented Internet of Things hardware, solution solutions, and services will be launched by 2020. The number will exceed 20.0 million, driving global demand for rigid-flex printed circuit boards. The IT and telecommunications industries are witnessing rapid growth, with substantial funding for ICT products and solutions. Growth will witness the demand for rigid-flex PCB in the entire forecast from 2020 to 2028.
The consumer electronics sector will take its leading position in the rigid-flex PCB market
Consumer electronics products represent the largest application field of the rigid-flex PCB market. The exhibition market accounted for more than a percentage of the global market in the base year of 2019. This trend will continue, and if the product will remain high in the market, forecasts for 2020 and 2028 are exciting. This year’s growth smartphones, tablets, and wearable consumer electronics (smartwatches, etc.) are increasingly using flexible circuit boards, which will become thinner and thinner. The development of sub-markets. In addition, the combination of rigid-flex in terms of size, weight, desire, and consumer technology in overall terms provide outstanding excellence to promote the use of these electronic circuit boards in electronic devices.
Consumer electronics industry leader, leading the Asia-Pacific market dominance
The global rigid-flex board market is in the Asia-Pacific region, followed by North America and European market value. In 2019, the region accounted for more than 70% of the global market value created globally. In the entire forecast region, the Asia-Pacific region will still be rigid-flex PCB. With the continuous growth of the consumer electronics market in the region, the demand for several components including rigid-flex PCB will also grow rapidly. During this period, China, Japan, and South Korea have become consumer markets. Among them, China is the largest rigid-flex PCB market in the region.
The innovative technology of the product portfolio is the key strategy for rigid-flex PCB manufacturers
The global rigid-flex PCB market mainly includes Nippon Mektron Ltd., TTM Technologies, Inc., Unimicron Technology Corporation, Samsung, and AT&S. The main focus of the market is on the implementation of new growth and innovative technologies. Product innovation, partnerships, and successful mergers and acquisitions are key strategies adopted by the market. In January 2018, Nippon Mektron, Ltd. acquired the expertise of Nitto Denko (Suzhou) Co., Ltd., an electronic component manufacturing company. Absorption will help enhance the company’s market potential and lay the foundation for future development. The company also focuses on expanding its presence in well-known companies. The geographic influence of emerging economies such as Japan and India. For example, in September 2018, Schindler Technology may open regional offices in India and Japan.
History and forecast period
This study uses 2019 as the research base year to analyze various thematic markets from 2018 to 2028. The final result calculated from the forecast for 2020 to 2028 reports the annual growth rate (CAGR) of the market.
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