- pcb007 Magazine
Getting to Know Your Designer
In this issue, we examine how fabs work with their design customers, educating them on the critical elements of fabrication needed to be successful, as well as the many tradeoffs involved. How well do you really know your customer? What makes for a closer, more synchronized working relationship?
In this issue, the biggest names in PCB manufacturing share their economic outlook for the upcoming year and beyond. As you will see, they were all bullish on our industry, but there was some apprehension as well. No one wants to get burned by another the supply chain disruption.
- Events||| MENU
- pcb007 Magazine
Global Flexible PCB Market Report 2022: Increasing Demand from Automotive Industry Driving GrowthNovember 15, 2022 | Globe Newswire
Estimated reading time: 2 minutes
The "Global Flexible Printed Circuit Board Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The market is 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 official industrial sources, around 1.5 billion smartphones were sold in the year 2019, due to the rise in disposable income and increasing mobile data connectivity. Countries such as China, India, and the United States are expected to play a significant role in the market growth in the coming years.
According to the data given by the India Brand Equity Foundation, India's consumer electronics and appliance market had reached around US$10.93 billion in the year 2019. Moreover, the market has been expected to reach over US$21.18 billion in the year 2025. China is also expected to play a significant role in the market growth in the coming years. 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. The increasing emphasis on research and development has been one of the key factors driving market growth.
Increasing demand in the automobile sector
The market has been expected to grow during the forecast period due to the rise in the demand for advanced and new flexible printed circuit boards in the automobile sector. According to the data given by the International Organisation of Motor Vehicle Manufacturers, around 92 million vehicles were manufactured and produced in the year 2019, worldwide. 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. According to the data given by the International Energy Agency, around 2.1 million electric cars were sold in the year 2019. Moreover, the sales of electric cars also registered a 40% y-o-y surge in the same year. These trends and developments are projected to play a significant role in the market growth in the next few years.
Rising use in the aerospace and aviation sector
The market is expected to surge in the coming years due to the rising usage of flexible PCBs in satellites. According to the data given by Airbus and Boeing, two of the major aircraft producers in the market, over 1,750 aircraft were manufactured by these companies in the year 2019. The increasing aircraft traffic has been expected to play a significant role in the rise in the demand for aircraft, worldwide.
The flexible printed circuit boards are also used in satellites and other aerospace vehicles and solutions. With the increasing spending on the aerospace sector and the rising involvement of private players in this sector, the demand for novel and advanced flexible printing solutions has been expected to surge at a significant rate in the next few years. Space organizations, such as NASA, ISRO, and others, are expected to increase the adoption of flexible PCBs in the next few years.
Collins Aerospace, an RTX business, has been selected by Air India for a full suite of avionics hardware catering to the airline's expanding Boeing 737 MAX fleet.
Further to the announcement of 17 August 2023, BAE Systems has now received the necessary regulatory approvals and will be executing steps in the coming days to complete the acquisition of Ball Aerospace from Ball Corporation.
With such an extremely newsy week, it was hard to select just five items you absolutely must read, but here goes. We have advocacy news from PCBAA and IPC, global market data on AI PC and GenAI smartphone hardware, a roundtable discussion on sales and marketing, a bookended pair of international milaero stories emphasizing a healthy aerospace industry, and an industry report on global semiconductor sales.
Honeywell announced it will invest $84 million to expand its Olathe manufacturing facility in Kansas. The project, which is expected to generate nearly $47 million in total gross domestic product (GDP) and contribute $18.3 million to state and local taxes in the first six years, supports the company's alignment with the compelling megatrend of the future of aviation.
Ventec International Group Co., Ltd. is pleased to announce that its VT-901 polyimide material is now fully and exclusively qualified by ESA in ACB Belgium’s manufacture of High-Density Interconnect (HDI) Printed Circuit Boards.