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Chip on Flex Market Valued USD 1437 Million in 2016, Now Growing at 4.43% of CAGR

Chip on Flex Market, By Type (Single Sided Chip On Flex, Others), By Application (Static, Dynamic), By Verticals (Military, Medical, Aerospace, Electronics)


Pune, India -- (SBWIRE) -- 07/17/2017 -- Chip On Flex Market – Synopsis & Scenario

With the use of these flexible circuit board companies ensure the 100% efficiency in the products, due to which level of fault ratio is drastically reduced. Chip on flex helps in reducing the cost, improving operator ergonomics, amplified product quality and testing repeatability.

The Global Chip on Flex Market is expected to reach USD 1795 million by 2021, however the growth of this market can be constrained by the increased cost of raw materials in related industries like the electronic industry along with the wide variety of technology used and the consumer needs changing to efficient, cheaper and powerful consumer electronics and mobile technologies.

Key Finding:

- The Global Chip on Flex Market is expected to reach USD 1795 million by 2021.

- Europe accounts for the largest market share and is growing with a market share of USD 494 million during forecast period.

- China accounts highest production capacity in the year 2016

- Global Chip on flex is segmented by type that includes single sided COF and Others. Out of which single sided COF captures 94.43% of market share.

Chip On Flex Market Players
- LGIT corporation (U.S.)
- Stemko group(Korea)
- Flexceed(Japan)
- Chipbond technology corporation(Taiwan)
- CWE(Taiwan)
- Danbond technology co. ltd.(China)
- AKM industrial company ltd.(China)
- compass technology company limited (Hong Kong)
- Compunetics(U.S.)
- Stars microelectronics public company ltd (Thailand)

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Chip On Flex Market Overview

Chip-on-Flex refers to the semiconductor assembly technology wherein the microchip or die is directly mounted on and electrically connected to a flexible circuit which is a circuit built on a flexible substrate instead of the usual printed circuit board. The shorter interconnection paths on chip on flex simplifies the process of designing and manufacturing the product and improving its performance. Chip on flex has some important features such as heat sinks, component assembly, penalization, shielding, over molding and graphic overlay among others which makes it more acceptable among end users such as electronic industry, aerospace, defense and others.

According to the recent Market study report - "Global Chip on Flex Market Research Report- Forecast to 2021", published by the Market Research Future; the Global Chip on Flex Market valued USD ~1437 Million in 2016 the growth is further expected to continue to worth ~1795 Million USD by 2021, at an estimated CAGR of 4.43%.

The above mentioned staggering growth of the Global Chip On Flex Market attributes to the increasing need for small and flexible electronics in various applications such as displays, sensors, lighting, biomedical implants, and radio frequency identification among others and the rapid technological advancements which lead to accurate designs and automated production, of flex circuits that helps to eliminate human errors once involved in hand-built wire harnesses.

Chip On Flex Market Segments:

For the convenience of the report and enhanced understanding; the Global Chip On Flex Market is segmented in to 3 dynamics

Segmentation on the basis of Types: Comprises - one sided chip on flex and others.

Segmentation on the basis of Applications: Comprises - static and dynamic flexing.

Segmentation on the basis of verticals: Comprises - military, medical, aerospace, electronics and others.

The Segment - single sided COF captures 94.43% of the market share.

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Chip On Flex Market Regional Analysis

Asia pacific is expected to record highest growth rate owing to existence of large number of chip on flex manufacturers in China like Danbond Technology, AKM Industrial, Compass Technology Company and others. In the year 2016, China accounted for the highest production capacity.

Asia pacific will be followed by North America owing to increased adoption of new technologies especially in automobile sector. American depository of shares is also helping in mergers of various organizations to enhance the production capabilities in chip on flex market.

Europe accounts for the largest market share and is expected to value USD 494 million during the forecast period. Many well-established firms such as Compunetics and others are increasing their sales area in the Europe region which will lead to the growth of Europe region in chip on flex market.

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