The Europe Flexible Printed Circuit Boards Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 9,92,100.8 million Units, showcasing a growth of 10.1% (2019-2022).
The development of foldable smartphones and tablets has led to a surge in demand for FPCBs that can withstand repeated bending. Manufacturers are investing in research and development to create flexible circuits that can endure these extreme use cases. Fitness trackers and smartwatches are some wearable technologies that have acquired immense popularity. FPCBs serve as the fundamental components of these devices, facilitating the necessary flexibility to ensure both comfort and functionality.
Additionally, in the aerospace and defense sector, FPCBs are crucial for mission-critical applications, including avionics, communication systems, and guidance systems. Their ability to handle extreme conditions makes them an ideal choice. In the aerospace and defense sector, FPCBs are crucial for mission-critical applications, including avionics, communication systems, and guidance systems. Their ability to handle extreme conditions makes them an ideal choice.
As per the data from the report titled The Automotive Industry in Germany, published in 2023 by the Germany Trade and Invest, Germany is the largest automotive industry in Europe, ranking first in production and sales. It accounts for about 20 percent of all new registrations and approximately 25 percent of all passenger cars manufactured. German automobile manufacturers produced over 15.6 million vehicles in 2021. Fifteen of the world’s 75 top automotive suppliers are German companies. Germany is the European car production leader: more than 3.1 million passenger cars – and 351,000 commercial vehicles – were manufactured in German plants in 2021. Thus, the growing automotive industry in many countries of Europe will help in the expansion of the regional market.
The Germany market dominated the Europe Flexible Printed Circuit Boards Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,743.8 Million by 2030. The UK market is registering a CAGR of 9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 10.9% during (2023 - 2030).
Based on End User, the market is segmented into Consumer Electronics, Industrial Electronics, Automotive, and Others. Based on Type, the market is segmented into Double Sided FPCB, Multilayer FPCB, Rigid FPCB, Single Sided FPCB, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Flexible Printed Circuit Boards Market will Hit $48.7 Billion by 2030, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., Nitto Denko Corporation, Suzhou Dongshan Precision Manufacturing Co., Ltd., Fujikura Ltd., Benchmark Electronics, Inc., NOK Corporation, Ichia Technologies Inc., Zhen Ding Technology Holding Limited, Flexium Interconnect, Inc. and Interflex co., ltd.
By End User (Volume, Million Units, USD Billion/Million, 2019-2030)
By Type (Volume, Million Units, USD Billion/Million, 2019-2030)
By Country (Volume, Million Units, USD Billion/Million, 2019-2030)
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