Global Automotive FPC Market Size
In 2018, the market for flexible circuit boards (FPC) for automobiles reached 5.3 billion yuan, an increase of 8.4% year-on-year. The main growth drivers of the market are the increase in electronic and electronic products and the increase in the penetration rate of new energy vehicles.
It is estimated that the global market will reach 5.7 billion yuan in 2019, a year-on-year increase of 7.0%. From 2016 to 2022, the annual growth rate of automotive FPC will remain at 6%-9% for a long time. By 2022, the size of the automotive FPC market will grow to 7 billion yuan.
In 2018, global electric vehicle sales exceeded 2 million units, reaching 2.018 million units, a 65% increase from 2017, and global vehicle sales share rose to 2.1%. It is estimated that the global electric vehicle production will exceed 3 million in 2019.
According to the statistics of China Association of Automobile Manufacturers, in 2018, the production and sales volume of domestic new energy vehicles were 1.27 million and 1.256 million, respectively, up 59.9% and 61.7%. Among them, the production and sales of pure electric vehicles completed 986,000 and 984,000 respectively, an increase of 47.9% and 50.8% over the same period of the previous year.
The production and sales of plug-in hybrid vehicles reached 283,000 and 271,000, respectively, an increase of 122% and 118% over the same period of the previous year. From January to June 2019, sales of new energy passenger vehicles reached 570,000 units, a year-on-year increase of 65%.