Flexible Printed Circuit Boards

Flexible Printed Circuit Boards - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Mar 24, 2016, 297 Pages
US$4,950.00
GIA-MCP1852

Flexible Printed Circuit Boards: FPCB Global Markets

The global market for Flexible Printed Circuit Boards is projected to reach US$15.2 billion by 2020, driven by the rising wave of electronic wearables and emerging new interest in foldable & rollable smartphones and polymer plastic solar cells. The market stands to benefit from the growing focus of manufacturers on design flexibility and performance. Technological advances in substrate and conductive materials, and developments in fabrication such as copper etching techniques are also expected to help drive growth in the market. Asia-Pacific represents the largest market worldwide, supported by its dominance as the global hub for the production of electronics. The region is also home to a vast majority of flexible circuit producers. Asia-Pacific also ranks as the fastest growing market with a CAGR of 6.7% over the analysis period, driven by encouraging gains in electronics production against the backdrop of digitalizing lifestyles of the growing base of affluent middle-class population and the ensuing robust appetite for consumer electronics. 

FPCB Market Snapshot Summary of Trends & Drivers

  • Emerging Opportunities for Flexible Electronics in the Healthcare Sector to Benefit Growth
  • Need for Superior Packaging Flexibility Drives Interest in Flexible Printed Circuit Boards
  • Growing Interest in Disposable Electronics Spurs Opportunities in the Market
  • Developments in Substrate Materials such as Flexible Ceramics to Benefit Growth
  • Promising Applications in Haptics & Structural Electronics to Spur Growth in the Auto End-Use Sector

This report analyzes the worldwide markets for Flexible Printed Circuit Boards in US$ Million. The Global market is further analyzed by the following End-Use Markets: Automotive, Computers & Data Storage, Consumer Electronics, Defense & Aerospace, Displays, Mobile Phones, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 204 companies including many key and niche players such as -

3M Company
BHflex Co., Ltd.
Career Technology (MFG.) Co., Ltd.
Daeduck GDS Co., Ltd.
Flexcom Inc.

Flexible Printed Circuit Boards - Global Strategic Business Report
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Prelude                                                           II-1
      Market Outlook                                                    II-2
       Asia-Pacific Continues to Dominate Global Market                 II-3
       Mobile End-use Segment - A Major Market                          II-3
      A Peek into Flexible PCB Market Evolution over the Years          II-3
      Key Flexible Circuit Configurations and Applications              II-4
       Rigid-flex Circuits Extend Flexible Circuit Application to
        More Rugged Environments                                        II-4
      Competitive Landscape                                             II-5
       Japanese Companies Rule the Roost                                II-5
        Table 1: Competition in the Global Flexible Printed Circuit
        Boards Market (2012-2014): Revenues in US$ Million for Top
        Ten Players (includes corresponding Graph/Chart)                II-6
       Currency Fluctuations Change Fortunes of Market Players          II-7

  2. MARKET TRENDS AND GROWTH DRIVERS                                   II-8
      Inherent Product Advantages Fuel Market Growth                    II-8
       Key Benefits of Flexible Circuits                                II-8
      Superior Packaging Flexibility - Key Attribute of FPCs
       Expanding Applications Market                                    II-9
      Circuit Designing Evolves as End Product Developers Seek
       Miniaturization                                                  II-9
      Thinner Materials Witness Tremendous Adoption to Realize
       Smaller Geometries                                               II-10
      Flex-to-Fit Approach Opens New and Exciting Opportunities         II-10
      Customer Requirements Drive Innovations for Substrate
       Manufacturers                                                    II-11
      New Designing Tools Improve Competitiveness of Rigid-Flex
       Circuits                                                         II-11
      Substrate Material Choice - Key to High-Frequency Application     II-12
      Increasing Laminate Material Choice Poses Fabrication
       Challenges; Additives Comes to Rescue                            II-13
      Stretchable Circuits Garner Significant Interest as Novel
       Interconnection Alternative                                      II-14
       Material and Design Advancements Enable Stretchable
        Interconnects in Flexible Circuits                              II-14
       New Stretchable Materials Expand Potential of Design Innovations II-14
      FPC Drilling and Cutting Shift to More Efficient Methods          II-15
      Recent Technological Advances in Flex Circuits                    II-16
       ‘Light as a Feather’ - New Technology Takes Flexible Circuits
        to New Level                                                    II-16
       Technological Advances thwart Material Limitations for
        Transparent Flex Circuits                                       II-17
       Super-Thin Nanoscale Circuits Promise Tremendous Computing
        Power, Open New Design Possibilities                            II-18
       Chemically Doped Nanotubes Emulate Silicon Circuits in
        Handling Power Fluctuations                                     II-18

  3. APPLICATION MARKETS                                                II-19
      Overview of End-Use Markets                                       II-19
       Major Applications of Flexible Printed Circuit Boards            II-19
      Automotive                                                        II-19
      Computers                                                         II-20
       Select Applications of Flexible Circuits in Computing            II-20
      Consumer Electronics                                              II-20
       Select Applications of Flexible Circuits in Consumer Electronics II-20
      Defense and Aerospace                                             II-20
       Select Applications of Flexible Circuits in Aerospace and
        Defense Sectors                                                 II-21
      Displays                                                          II-21
      Mobile Phones                                                     II-21
      Other End Markets                                                 II-22
       Select Applications of Flexible Circuits in Communications       II-22
       Select Applications of Flexible Circuits in Medical Devices      II-23
      End Applications - Select Market Trends                           II-23
       Growing Autoelectronics Market to Drive Consumption of Flex
        Circuits                                                        II-23
       Wireless Telecommunications Spawning Significant Demand          II-23
       Moderate Growth in HDD Sector & Market Prospects                 II-23
       Robust Outlook for Wearables to Benefit Flex Circuit Demand      II-24
        Table 2: World Wearable Electronics Market by Geographic
        Region (2014 & 2020): Breakdown of Value Sales in US$
        Million for North America, Europe, Asia-Pacific and Rest of
        World (includes corresponding Graph/Chart)                      II-26
        Flexible Circuits Penetrate Myriad Devices in Wearable
         Technologies                                                   II-26
        Challenges Exist for Flex Circuits in Wearables                 II-27
       Deceleration in Smartphone Market Growth Limits Flex Circuit
        Demand                                                          II-27
        Table 3: World Smartphones Market by Geographic Region (2014 & 
        2020): Breakdown of Volume Shipments in Thousand Units for
        North America, Europe, Asia-Pacific and Rest of World
        (includes corresponding Graph/Chart)                            II-28
       Display Market Slowdown to Affect Flexible Circuits Demand       II-29
       Reliable Interconnection Benefits Drive Use of Flexible and
        Stretchable Electronics in Space Applications                   II-29

  4. PRODUCT OVERVIEW                                                   II-31
      Flexible Circuits - An Introduction                               II-31
      Introduction to Flexible Circuit Technology                       II-31
      History and Evolution of Flexible Circuits                        II-31
      Types of Flexible Circuits                                        II-32
       Single Layered Flexible Circuits                                 II-32
        Single Layered Single-Sided Flexible Circuits                   II-32
        Single Layered Double-Sided Flex Circuits                       II-32
       Multilayered Flex Circuits                                       II-32
       Rigid-Flex Circuits                                              II-33
       Other Select Types of Flexible Circuits                          II-33
        Double Access Flexible Circuits                                 II-33
        Sculptured Flex                                                 II-33
        Backplanes                                                      II-33
       Rigid and Flexible PCBs - The Evolution                          II-34
        Tracing Evolution of Applications of Electronic Rigid-Flex PCBs II-35
       An Evaluation of Differences in Rigid and Flex Materials         II-36
      Materials Used in Flexible Circuit Manufacture                    II-37
       Base Material                                                    II-37
        Polyimide                                                       II-37
        Polyester                                                       II-38
        Polyimide Vs Polyester                                          II-38
         Polyester and Polyimide: A Comparison                          II-39
        New Substrates                                                  II-39
       Conductor Materials                                              II-39
        Copper as a Conducting Material                                 II-39
        Non-Copper Metal Foils                                          II-40
        Promising Direct Apply Technologies                             II-40
       Adhesives                                                        II-41
        Polyimide Adhesives                                             II-41
        Polyester Adhesives                                             II-41
        Epoxies and Modified Epoxies                                    II-41
        Acrylic Adhesives                                               II-42
        Supplementary Adhesives                                         II-42
       Protective Coatings                                              II-42
        Selection of Cover-lay Film                                     II-42
         Benefits of Coverlay                                           II-42
         Benefits of Cover Coatings                                     II-43
      Manufacturing of Flexible Circuits                                II-43
       The Two Generic Methods of Manufacturing                         II-43
        Subtractive Method of Producing Flexible Circuits               II-43
         Image Resist                                                   II-44
         Resist Removal                                                 II-44
         Placement of Cover Layer                                       II-44
         Creation of Outlines and Holes                                 II-44
         Testing and Verification                                       II-45
          Additive Method of Producing Flexible Circuits                II-45
      Key Advantages of Flexible Circuits                               II-45
       Minimization of Packaging Size                                   II-45
       Minimization of Packaging Weight                                 II-45
       Reduction in Assembly Time & Cost                                II-45
       Reduction in Assembly Error                                      II-46
       Enhancing System Reliability                                     II-46
       Other Benefits                                                   II-46

  5. PRODUCT INNOVATIONS/INTRODUCTIONS                                  II-47
      Pulse Electronics Launches Plume Flexible Internal Antenna Series II-47
      AirBorn Rolls Out DuraFlex Flexible Circuits                      II-47
      Eurocircuits Launches SEMI-FLEX Flex-to-Install Rigid-Flex
       Solution                                                         II-47
      Molex Introduces Pyralux Flex Circuit Assemblies for Data
       Transmission Applications                                        II-47
      DuPont Rolls Out Pyralux® Material System for High-temperature
       Applications                                                     II-47
      Molex Rolls Out New Rigid Flex Circuits and Assemblies            II-47
      DKN Research Develops Metal-Free Flexible Circuits                II-48

  6. RECENT INDUSTRY ACTIVITY                                           II-49
      Suzhou Dongshan to Acquire MFlex                                  II-49
      Omron Inks Distribution Agreement with Hitaltech                  II-49
      Apple Commences Testing of Flexible PCBs for iWatch               II-49
      Deren Electronic to Acquire Minor Stake in Shenzhen Hualin        II-49

  7. FOCUS ON SELECT GLOBAL PLAYERS                                     II-50
      3M Company (US)                                                   II-50
      BHflex Co., Ltd. (South Korea)                                    II-50
      Career Technology (MFG.) Co., Ltd. (Taiwan)                       II-51
      Daeduck GDS Co., Ltd. (South Korea)                               II-51
      Flexcom Inc. (South Korea)                                        II-51
      Flexium Interconnect, Inc. (Taiwan)                               II-51
      Fujikura Ltd. (Japan)                                             II-52
      Ichia Technologies, Inc. (Taiwan)                                 II-52
      Interflex Co., Ltd. (South Korea)                                 II-53
      MFS Technology Ltd. (Singapore)                                   II-53
      Multi-Fineline Electronix, Inc. (US)                              II-53
      Newflex Technology Co., Ltd. (South Korea)                        II-54
      Nippon Mektron, Ltd. (Japan)                                      II-54
      Nitto Denko Corporation (Japan)                                   II-54
      SIFlex Co., Ltd. (South Korea)                                    II-55
      Sumitomo Electric Industries, Ltd. (Japan)                        II-55
      Xiamen Hongxin Electronic Technology Co., Ltd. (China)            II-55
      Zhen Ding Technology Holding Limited (Taiwan)                     II-56

  8. GLOBAL MARKET PERSPECTIVE                                          II-57
      Market by Geographic Region                                       II-57
      Table 4: World Recent Past, Current & Future Analysis for
      Flexible Printed Circuit Boards by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of
      World Markets Independently Analyzed with Annual Revenue
      Figures in US$ Million for Years 2014 through 2020 (includes
      corresponding Graph/Chart)                                        II-57

      Table 5: World Historic Review for Flexible Printed Circuit
      Boards by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific, Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenue Figures in US$
      Million for Years 2007 through 2013 (includes corresponding
      Graph/Chart)                                                      II-58

      Table 6: World 14-Year Perspective for Flexible Printed
      Circuit Boards by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin
      America and Rest of World Markets for Years 2007, 2015 & 2020
      (includes corresponding Graph/Chart)                              II-59
      Market by End-Use Segment                                         II-60
      Table 7: World Recent Past, Current & Future Analysis for
      Flexible Printed Circuit Boards by End-Use Segment -
      Automotive, Computers & Data Storage, Consumer Electronics,
      Defense & Aerospace, Displays, Mobile Phones, and Other
      End-Use Markets Independently Analyzed with Annual Revenue
      Figures in US$ Million for Years 2014 through 2020 (includes
      corresponding Graph/Chart)                                        II-60

      Table 8: World Historic Review for Flexible Printed Circuit
      Boards by End-Use Segment - Automotive, Computers & Data
      Storage, Consumer Electronics, Defense & Aerospace, Displays,
      Mobile Phones, and Other End-Use Markets Independently
      Analyzed with Annual Revenue Figures in US$ Million for Years
      2007 through 2013 (includes corresponding Graph/Chart)            II-61

      Table 9: World 14-Year Perspective for Flexible Printed
      Circuit Boards by End-Use Segment - Percentage Breakdown of
      Revenues for Automotive, Computers & Data Storage, Consumer
      Electronics, Defense & Aerospace, Displays, Mobile Phones, and
      Other End-Use Markets for Years 2007, 2015 & 2020 (includes
      corresponding Graph/Chart)                                        II-62


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current and Future Analysis                                     III-1
        Product Launches                                                III-1
        Strategic Corporate Developments                                III-2
        Key Players                                                     III-3
      B.Market Analytics                                                III-4
        Table 10: US Recent Past, Current & Future Analysis for
        Flexible Printed Circuit Boards Market Analyzed with Annual
        Revenue Figures in US$ Million for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-4

        Table 11: US Historic Review for Flexible Printed Circuit
        Boards Market Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-5

  2. CANADA                                                             III-6
       Market Analysis                                                  III-6
        Table 12: Canadian Recent Past, Current & Future Analysis
        for Flexible Printed Circuit Boards Market Analyzed with
        Annual Revenue Figures in US$ Million for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-6

        Table 13: Canadian Historic Review for Flexible Printed
        Circuit Boards Market Analyzed with Annual Revenue Figures
        in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-7

  3. JAPAN                                                              III-8
      A.Market Analysis                                                 III-8
        Japan - The Pioneer in Flexible Circuits                        III-8
        Key Players                                                     III-8
      B.Market Analytics                                                III-10
        Table 14: Japanese Recent Past, Current & Future Analysis
        for Flexible Printed Circuit Boards Market Analyzed with
        Annual Revenue Figures in US$ Million for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-10

        Table 15: Japanese Historic Review for Flexible Printed
        Circuit Boards Market Analyzed with Annual Revenue Figures
        in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-11

  4. EUROPE                                                             III-12
      A.Market Analysis                                                 III-12
        Current and Future Analysis                                     III-12
        Product Launch                                                  III-12
        Strategic Corporate Development                                 III-12
      B.Market Analytics                                                III-13
        Table 16: European Recent Past, Current & Future Analysis
        for Flexible Printed Circuit Boards by Geographic Region -
        France, Germany, Italy, UK, Spain, Russia and Rest of
        European Markets Independently Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-13

        Table 17: European Historic Review for Flexible Printed
        Circuit Boards by Geographic Region - France, Germany,
        Italy, UK, Spain, Russia and Rest of European Markets
        Independently Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-14

        Table 18: European 14-Year Perspective for Flexible Printed
        Circuit Boards by Geographic Region - Percentage Breakdown
        of Revenues for France, Germany, Italy, UK, Spain, Russia
        and Rest of European Markets for Years 2007, 2015 & 2020
        (includes corresponding Graph/Chart)                            III-15

  5. ASIA-PACIFIC                                                       III-16
       Market Analysis                                                  III-16
        Table 19: Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible Printed Circuit Boards by Geographic
        Region - China, South Korea, Taiwan and Rest of Asia-Pacific
        Markets Independently Analyzed with Annual Revenue Figures
        in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-16

        Table 20: Asia-Pacific Historic Review for Flexible Printed
        Circuit Boards by Geographic Region - China, South Korea,
        Taiwan and Rest of Asia-Pacific Markets Independently
        Analyzed with Annual Revenue Figures in US$ Million for
        Years 2007 through 2013 (includes corresponding Graph/Chart)    III-17

        Table 21: Asia-Pacific 14-Year Perspective for Flexible
        Printed Circuit Boards by Geographic Region - Percentage
        Breakdown of Revenues for China, South Korea, Taiwan and
        Rest of Asia-Pacific Markets for Years 2007, 2015 & 2020
        (includes corresponding Graph/Chart)                            III-18

  5a. CHINA                                                             III-19
      A.Market Analysis                                                 III-19
        Current and Future Analysis                                     III-19
         China - Leading Consumer of Flexible Circuits Worldwide        III-19
        Surge in Domestic Phone Market Provides Ample Business for
         Chinese FPCB Manufacturers                                     III-19
        Key Player                                                      III-19
      B.Market Analytics                                                III-20
        Table 22: Chinese Recent Past, Current & Future Analysis for
        Flexible Printed Circuit Boards Market Analyzed with Annual
        Revenue Figures in US$ Million for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-20

        Table 23: Chinese Historic Review for Flexible Printed
        Circuit Boards Market Analyzed with Annual Revenue Figures
        in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-21

  5b. SOUTH KOREA                                                       III-22
      A.Market Analysis                                                 III-22
        Current & Future Analysis                                       III-22
        Revenue Woes Continue for Korean Manufacturers                  III-22
        Key Players                                                     III-22
      B.Market Analytics                                                III-24
        Table 24: South Korean Recent Past, Current & Future
        Analysis for Flexible Printed Circuit Boards Market Analyzed
        with Annual Revenue Figures in US$ Million for Years 2014
        through 2020 (includes corresponding Graph/Chart)               III-24

        Table 25: South Korean Historic Review for Flexible Printed
        Circuit Boards Market Analyzed with Annual Revenue Figures
        in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-25

  5c. TAIWAN                                                            III-26
      A.Market Analysis                                                 III-26
        Current & Future Analysis                                       III-26
        Key Players                                                     III-26
      B.Market Analytics                                                III-28
        Table 26: Taiwanese Recent Past, Current & Future Analysis
        for Flexible Printed Circuit Boards Market Analyzed with
        Annual Revenue Figures in US$ Million for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-28

        Table 27: Taiwanese Historic Review for Flexible Printed
        Circuit Boards Market Analyzed with Annual Revenue Figures
        in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-29

  5d. REST OF ASIA-PACIFIC                                              III-30
      A.Market Analysis                                                 III-30
        Current and Future Analysis                                     III-30
        Key Player                                                      III-30
      B.Market Analytics                                                III-31
        Table 28: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible Printed Circuit Boards Market Analyzed
        with Annual Revenue Figures in US$ Million for Years 2014
        through 2020 (includes corresponding Graph/Chart)               III-31

        Table 29: Rest of Asia-Pacific Historic Review for Flexible
        Printed Circuit Boards Market Analyzed with Annual Revenue
        Figures in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-32

  6. LATIN AMERICA                                                      III-33
       Market Analysis                                                  III-33
        Table 30: Latin American Recent Past, Current & Future
        Analysis for Flexible Printed Circuit Boards Market Analyzed
        with Annual Revenue Figures in US$ Million for Years 2014
        through 2020 (includes corresponding Graph/Chart)               III-33

        Table 31: Latin American Historic Review for Flexible
        Printed Circuit Boards Market Analyzed with Annual Revenue
        Figures in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-34

  7. REST OF WORLD                                                      III-35
       Market Analysis                                                  III-35
        Table 32: Rest of World Recent Past, Current & Future
        Analysis for Flexible Printed Circuit Boards Market Analyzed
        with Annual Revenue Figures in US$ Million for Years 2014
        through 2020 (includes corresponding Graph/Chart)               III-35

        Table 33: Rest of World Historic Review for Flexible Printed
        Circuit Boards Market Analyzed with Annual Revenue Figures
        in US$ Million for Years 2007 through 2013 (includes
        corresponding Graph/Chart)                                      III-36


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 204 (including Divisions/Subsidiaries - 217)

     The United States (64)
     Canada (6)
     Japan (8)
     Europe (66)
     - France (4)
     - Germany (22)
     - The United Kingdom (18)
     - Italy (6)
     - Rest of Europe (16)
     Asia-Pacific (Excluding Japan) (70)
     Africa (1)
     Middle East (2)
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