The Rigid-Flex Circuit Boards Market is segmented 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, Europe, Asia-Pacific, and Rest of the World).
The Rigid-Flex Circuit Boards Market is segmented by Type (Two-Layer Rigid-Flex Circuit, Multi-Layer Rigid-Flex Circuit), Application (Aerospace, Consumer Electronics, Military Weaponry, Healthcare, Automotive, Others), and Region...
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.
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.
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Key questions this report answers
Relevant contents in the report
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In-depth analysis of the Rigid-Flex Circuit Boards Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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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.
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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.
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.