Rigid-Flex Circuit Boards Market Growth Analysis

Market Insights

The Rigid-Flex Circuit Boards Market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.

What is a rigid-flex circuit board?

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.

Market Dynamics

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 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.

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

Key players operating in the rigid-flex circuit boards market are-

• 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)
• All Flex (US).

Segment's Analysis

Application Trends

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. 

Regional Trends

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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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

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Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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