Substrate Market Share, Trends & Growth (2022-27) | Research

 

Market Overview

The FHE Market among the global Substrate Market is expected to reach a CAGR of 55.3% during the forecast period (2021 - 2026). Due to the COVID-19 outbreak, there was a disruption in the electronics industry's supply chain challenging market growth. With reduced disposable incomes and depressed consumer sentiment, consumers chose to buy necessities, like food and cleaning products, and avoid non-essential, big-ticket purchases, like wearable devices.

  • According to IPC International Inc., as per data from surveys carried in out in March and April 2020, the data suggests that 43% of the global electronics manufacturers and suppliers surveyed were extremely concerned about the impacts COVID-19 may have on their businesses. Furthermore, due to COVID-19, the demand for healthcare monitoring devices increased significantly, and various partnerships lead to market growth.
  • Flexible hybrid electronics (FHE) is a novel approach to electronic circuit manufacturing, aiming to combine the best printed and conventional electronics. This combination of flexibility and processing capability is much desirable since it reduces weight and enables new form factors, along with maintaining desirable functionality, such as data logging and Bluetooth connectivity. 
  • The printed circuit board (PCB) industry has experienced significant growth in the last few years, primarily owing to the continuous development of consumer electronics devices and THE increasing demand for PCBs in all electronics and electrical equipment. 
  • Consumer electronics have been demanding new and different PCB functions. The development is related to the shape of the PCB, or the accessory attached to it. For instance, PCB board cameras have developed significantly, with photo and video imaging, along with durability being the primary areas of improvement. These small cameras could take high-resolution images and videos with ease. Board cameras are poised to develop even further in the next few years, creating robust industry and consumer electronics solutions.
  • Geographically, Asia-Pacific countries, such as Taiwan, Japan, and China, occupy a significant share in the global PCB landscape. However, the PCB production in Taiwan has witnessed a declining trend since 2017. According to Taiwan National Statistics published in October 2020, the PCB production in 2019 decreased by 99.4 million square feet or 13.6% compared to 2017. China is expected to reach Taiwan in the future, as massive efforts and investments have been ongoing in parallel with environmental regulations China put in place to regulate and consolidate its PCB manufacturing. 

Scope of the Report

The study tracks substrate industry defined into four base categories – PCB, FHE, SLP, and SIP. 

A printed circuit board (PCB) connects electrical or electronic components using conductive tracks, as well as supports mechanically. They are used in almost all electronic products, including passive switch boxes.

FHE is the convergence of additive circuitry, passive devices, and sensor systems that typically are to be manufactured using printing methods and thin flexible silicon chips. These devices differ from traditional electronics in terms of size and flexibility. the technology finds applications due to the economies and unique capabilities of printed circuitry that are capable of forming a new class of devices for the consumer electronics, Internet of Things (IoT), medical, robotics, and communication markets. Read Full Report

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