Rigid Flexible PCB Market
The rigid-flexible PCB market is expected to grow at a CAGR of 10.5% during the forecast period of 2021-2026. The market growth is driven by the increasing demand for compact and lightweight electronic devices, the growing adoption of wearable devices, and the rising demand for high-performance computing devices.
The automotive industry is also expected to contribute significantly to the growth of the rigid-flexible PCB market due to the increasing use of electronic components in vehicles. The Asia-Pacific region is expected to dominate the market due to the presence of major electronics manufacturers in countries such as China, Japan, and South Korea.
Rigid Flex PCB Market Growth Drivers
The developments in industrial electronics mainly for factory automation and building automation applications will boost the growth of the Rigid Flex PCB market. Moreover, the advancement in healthcare & pharmaceuticals sector, which includes various monitoring and surgical devices, with many other wearable devices will drive the growth of the Rigid Flex PCB market.
Additionally, huge demand from the automotive sector with the introduction of new technologies in vehicles and electric vehicles entering the mainstream automobiles, the demand for navigation systems, vehicle tracking systems, information display systems in these vehicles will drive the growth of market.
Rigid Flex PCB Market Report: Industry Coverage
– Board Type: 2 Layer, 4 Layer, 6 Layer, 8 Layer, 10 Layer, and Above
– Component: Capacitors, Diodes, Integrated Circuits (Ics), Resistors
– Patterning Technique: Silk Screen Printing, PCB Milling, Photoengraving
– End User: Healthcare & Pharmaceutical, Automotive, Industrial Electronics, Aerospace & Defense, Consumer Electronics, Maritime Transport
The Rigid Flex PCB market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.
Rigid Flex PCB Market Challenges
The manufacturing costs of the material to manufacture PCBs such as copper foil, electrolytic solvents, and cobalt salts are increasing and distracting companies from the competitive pricing strategies.
