sales@ipcb.com
According to survey data, the global FPC market size exceeds 10 billion US dollars, and the proportion of PCB output value gradually increases to around 20%. The domestic FPC market accounts for about half of the global market. Mobile phones, tablets, and computers are the most important application areas of FPC, accounting for over 60%.
The market size and forecast of FPC exceeding 10 billion US dollars from 2007 to 2021.
Intelligent mobile phone
In smartphones, FPC is widely used for connecting components to motherboards, such as display modules, fingerprint modules, camera modules, antennas, vibrators, etc. With the continuous penetration of fingerprint recognition, the upgrade of cameras to dual and triple cameras, and the application of OLED, the usage of FPC will continue to increase.
With the gradual popularization of dual camera and triple camera modules, there is still a lot of room for growth in the future, and it is expected to reach around 45% in 2019. Huawei phones are a staunch promoter of dual camera technology, accounting for over 50% of shipments in 2017, followed by Vivo and Apple. According to survey data, the sales of CMOS image sensors reached 11.5 billion US dollars (+9%) in 2017.
The compound annual growth rate of the CMOS image sensor market in 2021 is approximately 8.7%.
FPC
Penetration rate of major mobile phone brands.
At the same time, with the release of foldable phones by Huawei and Samsung, there will be an increasing demand for flexible AMOLED in foldable phones in the future. According to survey data, it is expected that the shipment volume of flexible AMOLED will reach 180 million pieces in 2018, which is three times higher than the 46.5 million pieces in 2015 and 336 million pieces in 2020, accounting for more than 50% of AMOLED shipments. In the field of smartphones, the shipment volume of flexible On Cell AMOLED reached 96.3 million pieces in 2017, a year-on-year increase of 154%, accounting for 6.3%. The iPhone X adopts GF2OLED panels, and the total shipment volume of on cell+GF2 AMOLED will reach 9.9% in 2017, accounting for about 30% in 2022.
At present, the usage of FPC in mainstream smartphones ranges from 10 to 15 pieces, and the usage of iPhone X even exceeds 20 pieces. Based on the above analysis, the usage of FPC will gradually increase in the future with product upgrades. Apple and Samsung rarely purchase FPC products from domestic suppliers, and "HOV" has already opened up to domestic suppliers, with great potential for import substitution in the future. Korean suppliers. In addition to Japanese and Taiwanese manufacturers, "HOV" also purchases from domestic suppliers.
Automotive industry
FPC also has huge potential in the automotive field, which can be applied to scenarios such as power batteries, in car display modules, sensors, headlights, etc. The electronic level of new energy vehicles is much higher than that of traditional fuel vehicles. The traditional wiring harness method has multiple connection points and is heavy, which does not conform to the development trend of lightweight new energy vehicles. FPC is the best choice for reducing process complexity, weight, and cost. With the development of new energy vehicles, automotive FPC has a broad prospect. According to survey data, global sales of new energy passenger vehicles reached 2.02 million units in 2018, a year-on-year increase of 66%.
Due to the need to mount electronic components on flexible circuit boards in SMT Electronic Manufacturing, the price of electronic components is much higher than that of bare chips, resulting in a relatively low gross profit margin for FPC in SMT. Guangbao shares mainly sell bare chips. In 2018, the gross profit margin of FPC business exceeded 30%, far higher than that of companies mainly selling SMT.