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Rigid-Flex PCB Market Trends

Report ID: GMI12297 Published Date: November 2024Report Format: PDF
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Rigid-Flex PCB Market Trends

The rapid expansion of 5G networks and IoT devices is a key trend that is exhibiting a positive influence on the growth of the rigid-flex PCB industry. The rollout of 5G technology enables faster data transmission, higher bandwidth, and low-latency connections, increasing demand for compact, high-performance PCBs that support complex circuitry in limited spaces. According to 5G Americas, global 5G connections have surged by 76% year-over-year, reaching 1.05 billion.

This number is projected to grow to 1.9 billion by the end of 2023 and to 5.9 billion by the end of 2027. Rigid-Flex PCBs are suitable for 5G-enabled devices due to their ability to handle high-speed and high-frequency signals without degradation, which are gaining high traction in mobile devices, wearables, and communication infrastructure. In IoT applications, miniaturized, flexible, and durable PCBs are essential, as IoT devices are compact and operate in diverse environments, from smart homes to industrial sites. Rigid-Flex PCBs allow IoT devices to be designed in smaller, more versatile form factors without compromising reliability.

They also enable seamless connections and reduce the need for large connectors, which is crucial for the efficient operation of interconnected devices in smart homes, healthcare, automotive, and industrial automation sectors. The integration of Rigid-Flex PCBs in 5G and IoT applications continues to expand, establishing the technology as fundamental for these rapidly advancing fields and driving growth for the market.

Author: Suraj Gujar, Saptadeep Das
Frequently Asked Question(FAQ) :

What is the market share of the consumer electronics segment in the rigid-flex PCB industry?+

The consumer electronics segment held a 23.36% market share in 2023 and is expected to grow significantly by 2032, driven by the rising demand for miniaturization and advanced technology in high-performance devices.

How big is the rigid-flex PCB market?+

The global market size for rigid-flex PCB was valued at USD 22.1 billion in 2023 and is anticipated to reach USD 55.6 billion by 2032, driven by a CAGR of 10.9% from 2024 to 2032.

How much is the North America rigid-flex PCB market worth?+

The North America market, dominated by the U.S., accounted for a 77.86% share in 2023, driven by increasing demand in advanced consumer electronics, automotive electronics, and aerospace applications.

Who are the major players in the rigid-flex PCB industry?+

Major players in the industry include Zhen Ding Technology Holding Limited, Nippon Mektron, Ltd., Sumitomo Electric Industries, Ltd., Unimicron Technology Corporation, Interflex Co., Ltd., Young Poong Electronics Co., Ltd., TTM Technologies, Inc., Multek (a Flex Company), and Shengyi Technology Co., Ltd.

Rigid-Flex PCB Market Scope

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