Global Flexible Printed Circuit Board Market Report 2022: Rising Applications in Consumer Electronics Boosting Growth - ResearchAndMarkets.com
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
DUBLIN--(BUSINESS WIRE)--Nov 18, 2022--
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.
