Automobile, Aerospace and Aviation Sector to Boost Global Flexible PCB Market: Report
29 November 2022: With the increase in usage of PCBs in automobile, aerospace, aviation, the global flexible printed circuit board marekt is expected to grow further. The market is also expected to surge in the coming years due to the rising use of flexible printed circuit boards in consumer electronics, especially smartphones, laptops, displays, and other electronic devices, according to recent study “Global Flexible Printed Circuit Board Market – Forecasts from 2022 to 2027” by ResearchAndMarkets.
There are four types of PCBs manufactured and used worldwide, viz, Single-Sided Flex, Double-Sided Flex, Multi-Layer Flex, High-Density Interconnect (HDI).
The report states that the flexible PCB market is expected to surge in the coming years due to the rising usage of flexible PCBs in satellites. The flexible printed circuit boards are also used in satellites and other aerospace vehicles and solutions. Space organizations, such as NASA, ISRO, and others, are expected to increase the adoption of flexible PCBs in the next few years.
The market has been expected to grow due to the rise in the demand for advanced and new flexible printed circuit boards in the automobile sector. Flexible PCBs are used for the safety and improved efficiency of cars. It is also used in rear LED lights, transmission controls, running lights, and control units. Moreover, flexible and rigid-flexible PCBs reduce and minimize the potential risks that lead to electrical failures. Moreover, the increasing demand for electric vehicles is also expected to surge the adoption of electronics and digital solutions.
Report, quoting the data of India Brand Equity Foundation, has mentioned that India’s consumer electronics and appliance market has been expected to reach over US$21.18 billion in the year 2025. The country has been the largest manufacturer of consumer electronics globally. The adoption of smart technologies has been one of the imperative factors that has been driving the market growth in the country.
