Flexible printed circuit boards (FPCB) [ http://www.marketresearchreports.biz/analysis/186083 ] are used in applications where rigid PCBs are not capable of being fitted. According to market research reports, the global FPCB market is projected to touch US$12.686 billion in 2015, charting a CAGR of 9.4% from its 2013 value of US$11.321 billion.
A few contemporary applications where FPCB is used include: displays such as touch screens and LCD panels, computing applications such as ODD and HDD, and communications applications such as mobile phones. According to 2013 market estimates, nearly 25% of the FPCB market was controlled by computer applications, within which nearly 80% was occupied by Japanese companies. However, the number of Japanese companies within the computer applications market is shrinking gradually.
Some of the key vendors that are rapidly adopting FPCBs are: HTC, Apple, Sony, Samsung, Nokia, and LG. Many of these companies are making a foray into flexible electronics and wearable electronics. To meet these new-age device requirements, the role of FPCBs remains critical. However, the small and medium electronic vendors are yet to create a noticeable demand for flexible printed circuit boards. Such companies make use of common connectors or FFCs as their products are comparatively less cutting-edge. Much of the production from the FPCB market is purchased by the electronics behemoths Apple and Samsung.
Things began to stir in the FPCB market after new technology companies entered the market with their disruptive ideas. This also caused industry veterans to bring changes to their existing product portfolios. Despite several success stories, the FPCB market has witnessed some setbacks. For instance, the largest flexible printed circuit board manufacturer in the world, Mektron, reported substantial losses recently. These losses were attributed to the contraction of the ODD and HDD markets, price wars between players in the FPCB market and rising costs of engaging labor. Besides Mektron, companies such as Panasonic have invested millions of dollars in setting up state-of-the-art FPCB facilities in Asia.
To know where the FPCB market of the future is headed, market players need to rely on reliable market data and analyses. The market research reports at MRRBiz offer just that.