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Rigid Flex Circuit Boards Market Report
Rigid-Flex Circuit Boards Market Trends, Dynamics & Market Insights
Rigid-Flex Circuit Boards Market, By Type (Two-Layer Rigid-Flex Circuit, Multi-Layer Rigid-Flex Circuit), By Application (Aerospace, Consumer Electronics, Military Weaponry, Healthcare, Automotive, Others), and Region - COVID-19 Impact Analysis a...
The Rigid-Flex Circuit Boards Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 6.1% during the forecast period.
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A rigid-flex board is a hybrid of flexible and hardboard circuits. It consists of multiple layers of flexible circuit substrates stuck with one or more rigid boards externally and internally that depends on the design of the application. The production process resembles that’s of a conventional hardboard circuit, but some of the layers are flexible circuitry that runs all the way through the hardboards.
Key players operating in the rigid-flex circuit boards market are-
Strong developments in consumer and industrial electronics for building and factory automation applications are expected to boost the product demand. Also, robust advancements in the healthcare industry that includes several surgical and monitoring devices along with other wearable devices further augment the market growth. In addition, the surge in demand for automobiles coupled with the development of new technologies in passenger cars and electric vehicles, further spur the industry growth.
Based on application, the rigid-flex circuit boards market is categorized into aerospace, consumer electronics, military weaponry, healthcare, automotive, and others. The consumer electronics segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the rising adoption of rigid-flex circuit boards in tablets, smartphones, and wearable consumer gadgets. Also, excellent benefits provided by the rigid-flex technology in terms of weight, size, reliability, and assembly cost, further bolsters the segment growth.
By region, the North American market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to rising demand for consumer & industrial electronics as well as increasing product adoption in automobiles and medical devices
Also, the presence of major product manufacturers in the region further proliferates regional market growth.
The COVID-19 outbreak has moderately affected the rigid-flex circuit boards industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. Rising coronavirus cases across the globe resulted in stringent social distance and lockdown norms across the globe, which led to supply chain disruption, thus affecting the product demand.
Here is the list of the group of customers that the rigid flex circuit boards market hopes to have the greatest opportunity to convert-
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The rigid flex circuit boards market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.
Rigid-Flex Int. (US), Epec (US), San Francisco Circuits (US), PCB Solutions (US), Flexible Circuit Technologies (FCT) (US), MFLEX (US), Streamline Circuits (US), Tech-Etch (US), and All Flex (US) are among the key players in the rigid flex circuit boards market.
The consumer electronics segment is expected to register a healthy CAGR in the rigid flex circuit boards market in the coming years.
North America is expected to grow at a substantial CAGR in the rigid flex circuit boards market during the next five years.
Rigid flex circuit boards vendors, Rigid flex circuit boards retailers, Consumer electronic companies, Automotive companies are the target audience in the rigid flex circuit boards market.
Strong developments in consumer and industrial electronics for building and factory automation applications, robust advancements in the healthcare industry that includes several surgical and monitoring devices are the factors driving the growth of rigid flex circuit boards market.
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