Rising sales of EV is driving Flat Flex Cable Market Growth

Flat Flex Cable Market 

Flat Flex Cable  Market by Type (0.500 mm Pitches, 1.00 mm Pitches, 1.250 mm Pitches, Other), By Application (PC/PC Display, CD-ROM Drive, TV, Printer, DVD/BD Player, Car Stereo, Game Machine, GPS, Others), By End-Use Industry (Consumer Electronics, Automotive, Industrial, Medical, Telecommunications), By Sales Channel (Direct Sales, Distributors & Wholesalers), and by Region (Europe, North America, Middle East,  Asia Pacific, Africa, and Latin America)- Size, Outlook, Share, and Opportunity Analysis, 2023 - 2030

The Global Flat Flex Cable Market is estimated to be valued at US$ 7.5 million in 2022 and is expected to exhibit a CAGR of 7% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights. The Flat Flex Cable market is witnessing substantial growth with the increasing adoption of flexible and compact electronic devices. The demand for high-speed data transmission and miniaturization of electronic components is driving the popularity of flat flex cables in various industries.

Market Overview:

Flat Flex Cables are vastly utilized in printer connections amidst the head and the keyboard, plotters, scanners, photo copier, stereos, LCD applications, fax machines, DVD players, and signal broadcast and plate board connections. In present electrical devices, Flat Flex Cable can be seen almost everywhere. The flat flex cable is made of a flat copper strip which is covered amidst two insulating foils. The Flat Flex Cables technique provides a parallel track series of rolled copper wires. The typical copper conductor width is 35, 50 and 125 microns.

Competitive Landscape:

Key Players involved in the growth of global Flat Flex Cable Market are Würth Elektronik, VST Electronics,  Sumitomo Electric, JSB TECH, Mei Tong Electronics, Johnson Electric, He Hui Electronics, Samtec, Cvilux, Luxshare-ICT, Sumida-flexcon, Cicoil Flat Cables, Axon Cable, Hitachi Metals, Ltd, Hezhi Electronic, Xinfuer Electronics, Nicomatic.

Market Key Drivers:

The rise in miniaturization of electronic devices is projected to propel the growth of global Flat Flex Cable Market. For instance, as per FAS around US$ 8 million was spent in miniaturization in U.S.

Rising popularity of electric vehicles is expected to boost the growth of global Flat Flex Cable Market. For instance, as per IEA over 16 million electric cars are produced across the globe.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Flat Flex Cable Market due to the rise in pandemic cases. The cases have led to the strict imposition of lockdown and shutdown, the disruption in supply chain, the halt in manufacturing and production units has impeded the market growth.

Key Takeaways:

The global Flat Flex Cable Market is expected to exhibit a CAGR of 7 % during the forecast period due to rising proliferation of IoT. For instance, the global IoT-connected devices is expected to reach around 43 billion by 2023.

Cable Gland Connectors Market Among regions, North America, Asia Pacific and Europe is anticipated to witness robust growth in the global Flat Flex Cable Market due to rising partnerships and collaborations, rising sales of electric vehicles, increasing investment, rising expenditure. For instance, as of June 2023, according to Vahan data on July 1, total sales were registered at 721,971 units in India.