Copper Clad Laminates Market by products, applications & regional analysis 2019-2025
Global Market Insights, Inc. has recently added a report on Copper Clad Laminates Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.
Primarily driven by a robust application portfolio in the automotive industry, global copper clad laminates market is poised to gain immense momentum in the coming years. Copper clad laminates possess excellent insulation and super conductivity attributes making them a preferred material choice in printed circuit board fabrication. Increased emphasis on passenger safety has led to the implementation of features like lane departure system, alter system, and blind-spot detection systems, which require PCBs in order to function effectively.
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Global Market Insights, Inc. estimates that copper clad laminates market outlook will surpass a valuation of USD 15 billion by the end of 2025. The industry growth is majorly attributed to the booming automotive sector and the rapid technological appetite exhibited by the vertical. Automobile manufacturers are focused on integration of cutting-edge technology features to ensure vehicle safety, a factor anticipated to fuel the global copper clad laminates demand. Not to mention, the rising popularity of electric vehicles will further add to the industry dynamics.
Flexible copper clad laminates to witness rising popularity in automotive & healthcare sectors
Flexible copper clad laminates are witnessing a widespread popularity in the automobile and healthcare industries. The product is extensively being deployed in PCB fabrication due to features like high conductivity and excellent insulation. Flexible copper clad laminates market is expected to attain a CAGR of 4% over 2019-2025. The product finds a range of application in navigation system, battery charging, and vehicle entertainment.
It is prudent to mention that owing to an extensive application potential in PCB fabrication, the market will derive a large revenue chunk from computer applications. Copper clad market share from computer applications is forecast to register a CAGR of 4% over 2019-2025.
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5G technology to favor copper clad laminates market outlook
5G technology is currently under development and is estimated to unleash a massive IoT ecosystem, where networks can be capable of serving communication requirements for billions of connected devices. Copper clad laminates are vital materials extensively used in 5G infrastructure materials.
With 5G technology promising favorable growth prospects, copper clad laminates market share is expected to achieve massive gains in the years to come. With artificial intelligence, Internet of Things, automation, and augmented and virtual reality gaining prominence, the demand for 5G technology is expected to bolster over the forecast period, thereby propelling copper clad laminates market outlook.
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APAC to lead global copper clad laminates market landscape
Asia Pacific copper clad laminates market share is estimated to witness substantial growth prospects over the projected time period. The growth can primarily be attributed to robust demand for the product from automotive and communication sectors. APAC is considered a well-established hub for vehicle electronics, communication system, defense, healthcare technology, and aerospace sectors, which indicates a slew of revenue opportunities for the regional market.
Speaking further on the regional spectrum, Europe will also emerge as one of the prominent growth grounds with an anticipated CAGR of 3.5% over 2019-2025. The demand is driven by the surging use of copper clad laminates across a myriad range of verticals including aerospace, defense, and healthcare.
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