Rigid-flex Printed Circuit Boards (PCBs) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

The global rigid-flex PCBs market expected to hit the market value of US$ 5,805.5 Mn in 2029, growing at a Compounded Annual Growth Rate (CAGR) of 4.5% from 2021 to 2029. Prominent factor driving the rigid-flex PCBs market is the continual growth observed across the Internet of Things (IoT) technology. IoT has become a vital technology in the IT industry, utilized to synchronize all the smart objects over an integrated network through the Internet. The technology enable end-users to monitor and control connected devices and processes in real-time. Additionally, with rising deployment of digital solutions in a bid to transform existing business processes to connected ones, demand for IoT hardware, solution and services expected to increase across the forecast period. The number of connected devices accounted to exceed 20.0 Mn by 2021, thereby driving demand for rigid-flex printed circuit boards worldwide. IT and telecom sector is witnessing a strong and steady growth with significant spending on ICT products and solutions. This, in turn, is anticipated to favor the demand for rigid-flex PCBs throughout the forecast period from 2021 to 2029.

Consumer Electronics Segment to cement its Dominance in Rigid-flex PCBs Market

Consumer electronics represents the largest application segment for rigid-flex PCBs market. The segment accounted for over 25% of the global market value in the base year 2020. The trend shall prolong and the segment is presumed to retain its leading position, exhibiting strong growth through the forecast period from 2021 and 2029. The anticipated growth in this segment will be driven by growing adoption of rigid-flex circuit boards in smartphones, tablets, and wearable consumer gadgets (smart watches, etc.). In addition, superior benefits offered by the rigid-flex technology in terms of size, weight, reliability and assembly cost is driving the use of these circuit boards in consumer electronic devices. On the other hand, budding application segments including healthcare and automotive are also presumed to register strong growth during the forecast period from 2021 to 2029.

Steady Growth of Consumer Electronics Sector to Ensure the Dominating Position of Asia Pacific Market

The global rigid-flex PCBs market is led by Asia Pacific followed by North America and Europe in terms of market value. In 2020, the region accounted for over 70% of the global market value generated worldwide. Asia Pacific is slated to remain the most attractive business destination for rigid-flex PCBs throughout the forecast period. With the perpetually growing consumer electronics market in the region, the demand for components including rigid-flex PCBs is also expected to grow swiftly. Over the period, China, Japan and South Korea have emerged as major hubs for consumer electronics manufacturing. Of these, China represents the largest market for rigid-flex PCBs in the region.

Innovative Techniques for Strengthening Product Portfolio to Remain Key Strategy for Rigid-flex PCBs Manufacturers

Major players in the global rigid-flex PCB market include Nippon Mektron, Ltd., TTM Technologies, Inc., Unimicron Technology Corporation, Samsung Electro-Mechanics, and AT&S among others. The prominent players present in the market are focusing on implementing new growth and innovation techniques for strengthening their product portfolio of rigid-flex PCBs to obtain an upper hand and to stay ahead in the competition. Product innovation, partnerships, mergers and acquisitions remain key strategies adopted by the players operating in the market. In January 2019, Nippon Mektron, Ltd. acquired an equity interest in Nitto Denko (Suzhou) Co., Ltd., an electronic component manufacturing company. The acquisition of the equity interest will help in enhancing the Company’s market competitiveness and will create a base for future development in the years to come. Prominent players are also focusing on expanding their geographical presence across emerging economies like Japan and India. For instance, in September 2019, TTM Technologies, Inc. announced the opening of its regional offices in India and Japan respectively.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

Rigid-flex PCBs market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global rigid-flex PCBs market based on type, end-use and geography. Key segments covered in the report are as follows:

Product Type Segment (2019-2029; US$ Mn)

• Single Sided Rigid-flex PCBs
• Double Sided Rigid-flex PCBs
• Multi-layered Rigid-flex PCBs

End-use Segment (2019-2029; US$ Mn)

• Aerospace & Defense
• IT & Telecommunication
• Consumer Electronics
• Industrial
• Automotive
• Healthcare
• Others (Lighting, Energy etc.)

Geography Segment (2019-2029; US$ Mn)

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

• What was the market size of rigid-flex PCBs in 2020 and forecast up to 2029?
• Which is largest regional market for rigid-flex PCBs?
• What are the key market trends observed in the rigid-flex PCBs market and outlook for consumer electronics sector?
• Which are the most promising type and end-use application in rigid-flex PCBs market?
• Who are the key players leading the market?
• What are the key strategies adopted by the leading players in market?
• What are the key application industry trends across different geographies and sub-geographies?

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