Global Flat Flexible Cables Market Size To Exceed USD 3.28 Billion by 2032 | CAGR of 11.27%
SPHERICAL INSIGHTS LLP
8 min read
SPHERICAL INSIGHTS LLP
The Global Flat Flexible Cables Market Size was valued at USD 1.13 Billion in 2022 and the Worldwide Flat Flexible Cables Market Size is expected to reach USD 3.28 Billion by 2032, according to a research report published by Spherical Insights & Consulting. Companies Covered: AUK, Samtec, Molex, GCT, Axon Cable, Adam Tech, Würth Elektronik, Quadrangle Products, Alysium-Tech GmbH, Johnson Electric Holdings Ltd., Proterial Cable America, Inc., SUMIDA CORPORATION, O-Flexx Technologies, Hitachi Cable America Inc., Shin-Etsu Polymer Co., Ltd., BizLink Technology, Parlex Corporation and other key vendors.
New York, United States, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Global Flat Flexible Cables Market Size is to Grow from USD 1.13 Billion in 2022 to USD 3.28 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 11.27% during the projected period. The growing need for the miniaturization of electronics, rising demand for high-speed data transfers, the reliability and flexibility of FFCs, customization & versatility of designs, and developments in FFC technology are among the major trends driving the flat flexible cables market.
Any sort of electrical conduit that is both flat and flexible, with flattened uniform conductors, is referred to as FFC. One example of flexible electronics is a flexible flat cable. Flat flexible cable is a scaled-down variant of ribbon cable; both are flat and flexible. A flat, flexible plastic film substrate with many flat metallic conductors attached to one surface is commonly used for the cable. FFCs are typically direct connections with no further components. As electronics develop lighter and more compact, traditional wiring connections and bulky connectors are no longer suitable for merging with components. They are ideal for applications such as smartphones, tablets, wearable devices, and digital cameras due to their versatility. The electronics industry contributes significantly to the demand for flat flexible cables. The product is popular for a number of electronic equipment due to its positive properties such as superior flexibility, dependable connection, lightweight, and use of less space. Because of growing consumer preferences and interests, the market for specialized and luxury automobiles is also expanding. As a result, increased vehicle manufacturing in the transportation industry will raise the demand for electronic equipment, propelling the flat flexible cables market forward.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on the “Global Flat Flexible Cables Market Size, Share, and COVID-19 Impact Analysis, By Copper Wire Thickness (Less than 35 Microns, 35 to 50 Microns, 50 to 100 Microns, more than 100 Microns), By Copper Wire Width (<= 1 mm, 1 to 3 mm, 3 mm <=), By End-Use Applications (Consumer Electronics, Industrial Systems, Medical Devices, Automotive, IT Equipment, Telecommunications, Household Equipment, Aerospace & Defense Electronics, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.”
The 50 to 100 microns segment is dominating the market with the largest revenue share over the forecast period. On the basis of copper wire thickness, the global flat flexible cables market is segmented into the less than 35 microns, 35 to 50 microns, 50 to 100 microns, and more than 100 microns. Among these, the 50 to 100 microns segment is dominating the market with the largest revenue share of 53.6% over the forecast period. Copper cables with a thickness of 50 to 100 microns are rapidly being employed in automotive, aerospace, military, and industrial applications due to their strength and lifespan.
The 3 mm <= segment is expected to hold the largest share of the Global Flat Flexible Cables Market during the forecast period. Based on the copper wire width, the global flat flexible cables market is classified into <= 1 mm, 1 to 3 mm, and 3 mm <=. Among these, the 3 mm <= segment is expected to hold the largest share of the flat flexible cables market during the forecast period. Because of the growing manufacture of compact consumer goods equipment for comfort and the developing nanotechnology drive in the electronic sector, flat flexible cables with the aforementioned width are used less frequently than cables with varying copper wire widths.
The consumer electronics segment accounted for the largest revenue share of more than 27.3% over the forecast period. On the basis of end-use applications, the global flat flexible cables market is segmented into consumer electronics, industrial systems, medical devices, automotive, IT equipment, telecommunications, household equipment, aerospace & defense electronics, and others. Among these, the consumer electronics segment is dominating the market with the largest revenue share of 27.3% over the forecast period. Rising purchasing power, higher standard of living, and rapid modernization are expected to propel the consumer electronics sector, and therefore the market for flat flexible cables, over the forecast period.
North America dominates the market with the largest market share over the forecast period.
North America is dominating the market with more than 38.7% market share over the forecast period. Because of the presence of multiple vital industries such as consumer electronics, autos, aviation, and healthcare, North America has a significant flat flexible cable market. Furthermore, the region is well-known for its rapid adoption of new technology and products. In North America, the United States is a prominent market for flat flexible cables. On the contrary, Asia Pacific is predicted to grow the fastest during the forecast period. The Asia Pacific region is the world's largest electronics manufacturing hub, and it has also developed into a significant market for flat flexible cables. During the forecast period, the Europe market is expected to rise at a significant CAGR.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Flat Flexible Cables Market include AUK, Samtec, Molex, GCT, Axon Cable, Adam Tech, Würth Elektronik, Quadrangle Products, Alysium-Tech GmbH, Johnson Electric Holdings Ltd., Proterial Cable America, Inc., SUMIDA CORPORATION, O-Flexx Technologies, Hitachi Cable America Inc., Shin-Etsu Polymer Co., Ltd., BizLink Technology, Parlex Corporation and among others.
On July 2023, Kyocera Corporation has released its 6893 Series connectors for flexible printed circuit board (FPC) and flexible flat cable (FFC), which include 0.5mm-pitch one-action locking. When compared to our prior products, this new series provides a 2x improvement in foreign matter removal capability, assisting in the prevention of FPC/FFC deposits, which can cause contact failure after insertion.
Market Segment This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Flat Flexible Cables Market based on the below-mentioned segments:
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