The Latin America, Middle East and Africa Flexible Printed Circuit Boards Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 8,15,482.1 million Units, showcasing a growth of 15.1% (2023-2030).
Flexible printed circuit boards (FPCBs), often called flex circuits, are an essential component of modern electronic devices. They are revolutionizing the way electronic connections are made and paving the way for smaller, more lightweight, and highly flexible electronic products. The market is experiencing remarkable growth and innovation, driven by the increasing demand for compact and flexible electronics in various industries.
Moreover, the adoption of flexible printed circuit boards has been on the rise across various industries, mainly due to the numerous advantages they offer over traditional rigid PCBs. The relentless pursuit of smaller and lighter electronic devices, from smartphones to wearable gadgets, has led to the widespread adoption of FPCBs. These boards are extremely thin and flexible, perfect for applications with strict space and weight requirements. FPCBs are known for their durability and reliability. They are highly resistant to vibrations, shock, and bending, making them suitable for applications in automotive, aerospace, and industrial sectors where reliability is paramount.
As per the data from the Government of Abu Dhabi, the electronics industry is one of the fastest-growing sectors and a significant contributor to the UAE's economy, with Abu Dhabi contributing 16% to the UAE's overall electronics production share. The Government's Industrial Strategy, with an investment of AED10bn, will more than double the size of the manufacturing sector, increase non-oil exports, and create new jobs, further strengthening the competitiveness of the electronics industry in the region. Therefore, the growing electronics sector in the LAMEA region will pose lucrative growth prospects for the regional market.
The Brazil market dominated the LAMEA 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 $1,031 Million by 2030. The Argentina market is experiencing a CAGR of 13.8% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 12.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Flexible Printed Circuit Boards Market is Projected to reach USD 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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