US Flexible Printed Circuit Board Market By Type (Multilayer Flex, Rigid-Flex, Double-Sided Flex and Single-Sided Flex), By Application Area (Consumer Electronics, Manufacturing, Aerospace & Defense, Medical Devices, Automotive, Wearables and Others) - Forecast till 2030

The dominant segment in the flexible printed circuit board (FPCB) market in 2017 was the multilayer flex segment, capturing the largest market share at 40.7%, equivalent to a market value of USD 1,135.07 million. This segment is anticipated to maintain robust growth, with an expected Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period. Following closely, the rigid flex segment held the second-largest market share in 2017, valued at USD 771.15 million, and is projected to register the highest CAGR of 14.3%. In terms of regional market dynamics, the United States dominated in 2017, commanding an impressive 84.0% of the market share with a value of USD 2,786.56 million. The U.S. market is anticipated to continue its growth trajectory with a forecasted CAGR of 13.5%. Meanwhile, Canada emerged as the second-largest market in 2017, valued at USD 326.34 million, and is expected to register the highest CAGR among regions, reaching 16.3%. Analyzing market segments by application areas, the consumer electronics sector took the lead in 2017, claiming the largest market share at 35.9%, equivalent to a market value of USD 1,000.61 million.

This segment is anticipated to continue growing at a CAGR of 12.6% during the forecast period. Following closely, the manufacturing segment secured the second-largest market share in 2017, valued at USD 390.45 million, with a projected CAGR of 12.6%. Notably, the automotive segment is expected to outpace others, registering the highest CAGR of 16.3%. In summary, the FPCB market is marked by the dominance of the multilayer flex segment, showcasing its significance in the industry. Regionally, the United States stands out as the major contributor to market value, while Canada is projected to experience the highest growth rate. In terms of applications, consumer electronics continue to lead the market, closely followed by the manufacturing sector, with the automotive segment expected to exhibit the highest growth rate among them. The market's overall trajectory suggests significant opportunities and growth potential, especially in segments such as rigid flex and automotive applications.