Flexible Printed Circuit Boards Market Size, Share & Trends Analysis projected to grow at a CAGR of 13.7% from 2025 to 2030
The global flexible printed circuit boards market size was valued at USD 23.89 billion in 2024 and is projected to grow at a CAGR of 13.7% from 2025 to 2030. The growth of this market is primarily influenced by factors such as the increasing demand for flexible electronic devices utilized in different sorts of vehicles and the rapid pace of advancements in automotive electronics.
In recent years, significant developments in automotive industries and changes in consumer preferences have driven the growing demand for flexible printed circuit boards (PCBs). These boards are often developed with flexible polymer film with lamination of conductive copper-based traces on it. Unlike rigid, traditional PCBs, these boards are adaptable and suitable for bents in case fitting into multiple devices. Additional features associated with FPCBs, such as temperature adaptability and enhanced thermal properties, have been contributing to the growth experienced by this market. Space-saving characteristics of the product and applications in different industries, such as wearables, healthcare technology, and others, are expected to generate a surge in demand for this market.
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FPCBs limit the use of wires in overall assembly design, resulting in simplification of designs and ease of installation in various devices. Enhanced performance, packaging flexibility, and adaptability offered by the FPCBs are likely to increase utilization during the forecast period significantly. Market participants in the Asia Pacific region have developed low-cost variants in the Asia Pacific region, which has posed significant competition for players operating in North America and Europe. Gradual increases in adopting FPCBs in the electronics industry add to the competition. Portfolio enhancements, newly signed supply contracts, significantly growing demand for smartphones, and increasing utilization of automotive technology are expected to add lucrative growth opportunities for this market in the forecast period.
The double sided FPCBs segment dominated the global flexible printed circuit boards industry with a revenue share of 46.1% in 2024. Such boards enable designers to access circuit trails from the top and bottom sides of the circuit, which adds better flexibility to the overall design. Additionally, the advantages of double sided FPCBs associated with potential wiring errors, circuit complexity, and weight have attracted many users.
The multilayer FPCB segment is projected to experience the highest growth during the forecast period. Increasing demand for compact, flexible, and user-friendly devices in multiple industries is likely to surge demand for this type. Industries such as consumer electronics, healthcare technology, automotive, and others have been experiencing noteworthy changes in consumer requirements, which has stimulated the demand for compact-size devices developed with tailored approaches.
