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Rigid Flex Circuit Boards Market Report
Rigid-Flex Circuit Boards Market Growth, Trends, Dynamics & Market Insights: 2021-2026
Rigid-Flex Circuit Boards Market by Type (Two-Layer Rigid-Flex Circuit, Multi-Layer Rigid-Flex Circuit), Application (Aerospace, Consumer Electronics, Military Weaponry, Healthcare, Automotive, Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
"The global rigid-flex circuit boards market is expected to witness impressive growth of 6.1% CAGR in the foreseeable future."
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 depending on the design of the application. The production process resembles that of a conventional hardboard circuit, but some of the layers are flexible circuitry that runs all the way through the hardboards.
Strong developments in consumer and industrial electronics for building and factory automation applications are expected to boost product demand. Also, robust advancements in the healthcare industry that include several surgical and monitoring devices along with other wearable devices further augment 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.
COVID-19 Impact
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 distancing and lockdown norms across the globe, which led to supply chain disruption, thus affecting product demand.
Key players operating in the rigid-flex circuit boards market are:
Note: The above list does not necessarily include all the top players in the market.
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"The consumer electronics segment accounted for the largest market share."
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, the excellent benefits provided by the rigid-flex technology in terms of weight, size, reliability, and assembly cost, further bolster segment growth.
"The North American market accounted for the largest market share."
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.
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In-depth analysis of the Rigid-Flex Circuit Boards Market |
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s rigid flex circuit boards market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
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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 depend on the design of the application. The production process resembles that of a conventional hardboard circuit, but some of the layers are flexible circuitry that runs all the way through the hardboards.
The rigid flex circuit boards market is expected to witness 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.
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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