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FELTON, Calif., Feb. 2, 2021 /PRNewswire/ The global flexible printed circuit boards market size is estimated to be USD 26.8 billion, by the end of 2025, and is projected to grow at the CAGR of over 11.2% during the forecasted period, 2019 to 2025, according to the new report by Million Insights. Increasing demand for the compact electronic devices is mainly boosting the growth of flexible printed circuit boards (PCB). In addition, rising demand in the telecom and IT sector along with the high demand for high-speed data processing is pushing the need for flexible circuits.
Furthermore, flexible-printed type circuit boards are lighter in weight & thin in size when compared with other circuit boards. Additionally, various factors like cost and durability are increasing the adoption of flexible PCBs. In the automotive sector, growing demand for innovative navigation displays, miniatures are proliferating the utility of flexible PCBs.