Rigid-Flex PCB Market Size and Share

Rigid-Flex PCB Market Summary
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Rigid-Flex PCB Market Analysis by Mordor Intelligence

The Rigid-Flex Printed Circuit Board Market was valued at USD 8.91 billion in 2025 and expected to grow from USD 9.48 billion in 2026 to reach USD 12.74 billion by 2031, at a CAGR of 6.09% during the forecast period (2026-2031). Demand is accelerating as smartphone and tablet brands chase ultra-thin foldable designs, automakers move battery-management circuitry onto integrated boards, and 5G infrastructure designers specify low-loss signal paths above 28 GHz. Polyimide substrates captured 42.87% revenue in 2025 because they combine thermal stability with extreme bendability. Telecommunications and 5G applications are set to grow the fastest at 7.12% through 2031 due to densification of small-cell networks. Competitive pressure is intensifying as fabricators automate inspection and form joint ventures with film suppliers to secure constrained polyimide capacity.

Key Report Takeaways

  • By substrate material, polyimide led with 42.87% of Rigid-Flex Printed Circuit Board market share in 2025 and is forecast to expand at a 6.53% CAGR to 2031.
  • By end-user industry, aerospace and defense held 36.58% revenue in 2025, while telecommunications and 5G is advancing at the highest 7.12% CAGR through 2031.
  • By geography, Asia-Pacific accounted for 83.73% of global revenue in 2025 and is projected to accelerate at a 7.24% CAGR to 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Substrate Material: Polyimide Continues to Dominate Performance-Driven Applications

Polyimide accounted for 42.87% of the Rigid-Flex PCB market share in 2025 and is projected to expand at a 6.53% CAGR through 2031, preserving its lead thanks to a glass-transition point above 300 °C and endurance beyond 200,000 flex cycles. High-speed or low-loss resins, such as modified epoxies and liquid-crystal polymers, followed at roughly 22%, fueled by 5G radios and 800-gigabit switches that run above 28 GHz.

Glass epoxy FR-4 retained about 18% of revenue in cost-sensitive industrial controls, while BT or ABF packaging resins accounted for 12% linked to chiplet substrates. Ceramic and metal-core composites filled a 6% niche for radar and LED modules. Device makers that specify total board thickness under 0.2 mm increasingly default to polyimide, lifting absolute Rigid-Flex PCB market volumes. New products such as Panasonic MEGTRON 8 and Rogers RO3000 already offer dielectric constants below 3.2, giving designers more headroom for GHz signals without sacrificing bend radius.

Rigid-Flex PCB Market: Market Share by Substrate Material
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By End-User Industry: Aerospace Still Leads, Telecommunications Surges Ahead

Aerospace and defense accounted for 36.58% of revenue in 2025, reflecting stringent IPC-6013 Class 3 requirements and long platform lifecycles. Telecommunications and 5G remain the fastest risers, with a 7.12% CAGR to 2031, as operators deploy millions of small cells and Open RAN radios.

Consumer electronics delivered roughly 20% of sales tied to foldable phones and wearables, while computing and data centers contributed 15% amid 800-gigabit Ethernet upgrades. Automotive and EV held about 12% and is accelerating on battery boards and advanced driver-assist systems. Healthcare captured 8% but faces protracted regulatory cycles, while the industrial and energy segments closed the gap at 9%. Diversification cushions cyclical swings in any single vertical and keeps the overall Rigid-Flex PCB market on a stable upward path.

Rigid-Flex PCB Market: Market Share by End-User Industry
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Geography Analysis

Asia-Pacific generated 83.73% revenue in 2025 and is projected to grow at a 7.24% CAGR to 2031, anchored by Taiwan, China, and Japan’s deep packaging ecosystems. Taiwanese leaders Unimicron, Zhen Ding Technology, and Flexium shipped more than USD 7 billion in rigid-flex boards, serving smartphones and cloud servers. Chinese firms Shennan Circuits and Dongshan Precision increased capacity by 18% in 2025 to supply domestic EVs and 5G build-outs. Japan’s Nippon Mektron and Ibiden retained preferred-supplier status for aerospace and automotive buyers that demand AS9100 and IATF 16949 traceability.

South Korea’s Samsung Electro-Mechanics earmarked KRW 200 billion (USD 150 million) in 2025 to boost foldable-display boards by 25% by 2027. Vietnam and Thailand emerged as low-cost hubs for mid-complexity boards, drawing Taiwanese investment.

North America accounted for about 10% of revenue, driven by aerospace, defense, and medical programs that require domestic production under the Trusted Foundry framework. TTM Technologies and Molex run ITAR-registered plants, though total regional output remains capacity-constrained. Europe represented roughly 6% revenue. ATandS and Schweizer Electronic benefit from the EU Chips Act yet face high labor and strict environmental rules that price them out of mainstream consumer electronics. Rest of World, mainly Latin America, the Middle East and Africa, captured under 1%, focusing on assembly rather than fabrication.

Rigid-Flex PCB Market CAGR (%), Growth Rate by Region
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Competitive Landscape

Global revenue is moderately concentrated, with the top ten players accounting for a considerable revenue share, leaving room for more than 200 niche suppliers that drive persistent price competition in the Rigid-Flex PCB market. Nippon Mektron took a 30% stake in a domestic polyimide producer in 2024 to secure raw material and improve bargaining leverage. Leaders now differentiate on process depth, executing laser microvias below 75 µm, 20-plus-layer sequential lamination, and AI-based defect detection that lifts yields by 8–12 points.

White-space prospects include co-packaged optics for cloud data centers and ultra-thin battery boards for electric scooters, where no incumbent yet dominates. Smaller firms occupy profitable, quick-turn and low-volume niches for medical implants and defense prototypes, trading speed and compliance for premium pricing. Chinese challengers are scaling high-automation lines to erode cost advantages long held by Taiwanese peers. More than 1,200 patents filed in 2025 cover embedded passives and hybrid rigid-flex-rigid stacks, signaling sustained innovation intensity. Compliance with IPC-6013 and ISO 9001 has become table stakes as customers demand full material traceability under REACH and Dodd-Frank rules.

Rigid-Flex PCB Industry Leaders

  1. Nippon Mektron

  2. Unimicron Technology

  3. Young Poong Group

  4. Samsung Electro-Mechanics

  5. TTM Technologies

  6. *Disclaimer: Major Players sorted in no particular order
Rigid-Flex PCB Market Concentration
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Recent Industry Developments

  • December 2025: Unimicron allocated TWD 15 billion (USD 480 million) for a new Taoyuan plant that will add 30% rigid-flex capacity by 2027, targeting foldables and chiplet substrates.
  • November 2025: AT&S completed phase one of its EUR 300 million (USD 330 million) Leoben expansion, enabling 20-layer boards for automotive battery management, with full capacity expected mid-2027.
  • October 2025: Samsung Electro-Mechanics and LG Innotek formed a KRW 180 billion (USD 135 million) joint venture to develop thinner hinges and 300 000-cycle rigid-flex boards for next-gen foldable displays.
  • September 2025: TTM Technologies bought 51% of a Mexican fabricator for USD 85 million, adding 12 000 m² of automotive and industrial capacity, trimming U.S. lead times by 30%.
  • August 2025: Shennan Circuits launched an LCP-based product line for 5 G base stations and data-center switches after investing CNY 800 million (USD 110 million) in laser drilling and AOI gear.

Table of Contents for Rigid-Flex PCB Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging Demand for Ultra-Thin Foldable Consumer Devices
    • 4.2.2 Rapid Electrification of Automobiles and EV Battery Management Systems
    • 4.2.3 Migration to 5G And High-Speed Data Centers Requiring Low-Loss Interconnects
    • 4.2.4 Regionalization of PCB Supply Chains in U.S. and EU To Improve Resilience
    • 4.2.5 Integration with Advanced Chiplet/SI-Interposer Packaging Architectures
    • 4.2.6 Adoption of AI-Driven EDA Tools that Shorten Rigid-Flex Design Cycles
  • 4.3 Market Restraints
    • 4.3.1 Volatile Polyimide Film and Copper Foil Pricing
    • 4.3.2 Yield Challenges in Ultra-Thin Multilayer Rigid-Flex Fabrication
    • 4.3.3 Signal-Integrity Losses Above 28 Ghz Without LCP Substrates
    • 4.3.4 Stringent End-of-Life Recycling and ROHS/REACH Compliance Costs
  • 4.4 Industry Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Impact of Macroeconomic Factors on the Market
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Buyers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes
    • 4.8.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Substrate Material
    • 5.1.1 Glass Epoxy (FR-4)
    • 5.1.2 High-Speed / Low-Loss
    • 5.1.3 Polyimide (PI)
    • 5.1.4 Other Substrate Materials
  • 5.2 By End-User Industry
    • 5.2.1 Consumer Electronics
    • 5.2.2 Computing and Data Centers
    • 5.2.3 Telecommunications and 5G
    • 5.2.4 Automotive and EV
    • 5.2.5 Healthcare / Medical
    • 5.2.6 Aerospace and Defense
    • 5.2.7 Other End-User Industries
  • 5.3 By Region
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Netherlands
    • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Taiwan
    • 5.3.3.3 Japan
    • 5.3.3.4 India
    • 5.3.3.5 South Korea
    • 5.3.3.6 Southeast Asia
    • 5.3.3.7 Rest of Asia Pacific
    • 5.3.4 Rest of World

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Nippon Mektron
    • 6.4.2 Unimicron
    • 6.4.3 Young Poong Group
    • 6.4.4 Samsung Electro-Mechanics
    • 6.4.5 Nanya PCB
    • 6.4.6 Compeq Manufacturing
    • 6.4.7 Ibiden Co. Ltd.
    • 6.4.8 TTM Technologies
    • 6.4.9 Shennan Circuits
    • 6.4.10 CMK Corporation
    • 6.4.11 Kingboard Holdings
    • 6.4.12 AT&S AG
    • 6.4.13 Zhen Ding Technology
    • 6.4.14 Flexium Interconnect
    • 6.4.15 Dongshan Precision Manufacturing (DSBJ)
    • 6.4.16 Kinwong Electronic
    • 6.4.17 Wuzhu Group
    • 6.4.18 NCAB Group
    • 6.4.19 Redboard Circuits
    • 6.4.20 Schoeller Electronics Systems
    • 6.4.21 All Flex Solutions
    • 6.4.22 Tech-Etch
    • 6.4.23 Royal Circuits
    • 6.4.24 Molex Inc.
    • 6.4.25 Pioneer Circuits

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Global Rigid-Flex PCB Market Report Scope

The Rigid-Flex Printed Circuit Board Market Report is Segmented by Substrate Material (Glass Epoxy FR-4, High-Speed/Low-Loss, Polyimide PI, Packaging Resins BT/ABF, Other Substrate Materials), End-user Industry (Consumer Electronics, Computing and Data Centers, Telecommunications and 5G, Automotive and EV, Healthcare/Medical, Aerospace and Defense, Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, Rest of World). The Market Forecasts are Provided in Terms of Value USD.

By Substrate Material
Glass Epoxy (FR-4)
High-Speed / Low-Loss
Polyimide (PI)
Other Substrate Materials
By End-User Industry
Consumer Electronics
Computing and Data Centers
Telecommunications and 5G
Automotive and EV
Healthcare / Medical
Aerospace and Defense
Other End-User Industries
By Region
North AmericaUnited States
Rest of North America
EuropeGermany
United Kingdom
Netherlands
Rest of Europe
Asia PacificChina
Taiwan
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Rest of World
By Substrate MaterialGlass Epoxy (FR-4)
High-Speed / Low-Loss
Polyimide (PI)
Other Substrate Materials
By End-User IndustryConsumer Electronics
Computing and Data Centers
Telecommunications and 5G
Automotive and EV
Healthcare / Medical
Aerospace and Defense
Other End-User Industries
By RegionNorth AmericaUnited States
Rest of North America
EuropeGermany
United Kingdom
Netherlands
Rest of Europe
Asia PacificChina
Taiwan
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Rest of World
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Key Questions Answered in the Report

What is the Rigid-Flex PCB market size in 2026 and its growth outlook to 2031?

The Rigid-Flex PCB market size reached USD 9.48 billion in 2026 and is forecast to hit USD 12.74 billion by 2031, translating into a 6.09% CAGR.

Which substrate material leads recent adoption?

Polyimide dominates with 42.87% revenue in 2025 and is projected to expand at a 6.53% CAGR on the strength of high heat resistance and bend endurance.

Which end-user vertical will grow the fastest through 2031?

Telecommunications and 5G applications lead with a 7.12% CAGR as operators densify small-cell networks and upgrade backhaul links.

Why are automotive OEMs switching to rigid-flex boards?

Battery-management systems that formerly used wire harnesses now benefit from weight reduction, improved thermal paths, and easier over-the-air updates when built on rigid-flex boards.

How will Western industrial policies affect supply chains?

U.S. and EU incentives are funding new capacity that will shorten lead times and boost supply-chain resilience, though Asia-Pacific will still hold the majority of output through 2031.

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