In 2018, the market size of flexible circuit boards (FPCs) for automobiles reached 5.3 billion yuan, a year-on-year increase of 8.4%. The main growth drivers of the market come from the improvement of automotive electronics and the increase in penetration rate of new energy vehicles.

estimateThe global market size is expected to 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 between 6% and 9%, and the market size of automotive FPC will grow to 7 billion yuan by 2022.

 

Global Automotive FPC Market Size and Forecast from 2016 to 2022

In 2018, global electric vehicle sales exceeded the 2 million mark, reaching 2.018 million units, an increase of 65% compared to 2017, and accounting for 2.1% of the total global car sales. It is expected that the global production of electric vehicles will exceed 3 million units in 2019.

According to data from the China Association of Automobile Manufacturers,In 2018, the domestic production and sales of new energy vehicles reached 1.27 million and 1.256 million respectively, an increase of 59.9% and 61.7%, respectively. Among them, the production and sales of pure electric vehicles reached 986000 and 984000 respectively, an increase of 47.9% and 50.8% compared to the same period last year.

Production and sales of plug-in hybrid electric vehicles have been completed separately283000 and 271000 vehicles respectively increased by 122% and 118% compared to the same period last year. From January to June 2019, the sales of new energy passenger vehicles reached 570000 units, a year-on-year increase of 65%.