Analysis of the domestic FPC market prospects in 2023
When analyzing the prospects of the domestic FPC market in 2023, we need to consider many factors. First, market demand will continue to grow, especially in the fields of smartphones, tablets, automotive electronics, wireless terminals, etc., which have great demand and value and will become the core driving force for the development of the FPC industry. Especially for automotive FPC, due to the rise of Internet of Vehicles, autonomous driving and new energy vehicles, the demand for FPC in the automotive market is increasing.
From the perspective of the industrial chain structure, the FPC industry includes upstream raw materials, midstream FPC manufacturing and downstream final applications.
Among them, flexible copper clad laminate (FCCL) is the key substrate for the production of FPC, and its stable supply and price fluctuations are key factors in the supply of FPC. In 2021, the output of flexible copper clad laminate (FCCL) in my country increased from 52.54 million square meters in 2015 to 70.23 million square meters. It is expected that the output of flexible copper clad laminate (FCCL) in my country will reach 76 million square meters in 2023.
In the downstream application field, smartphones are one of the largest application fields of FPC, but smartphones have entered the stock era.
In addition, the superposition of multiple factors such as chip shortage, epidemic situation, and extended replacement cycle of smartphones has led to a significant decline in shipments of consumer electronics represented by mobile phones. In 2022, my country’s smartphone shipments will be 264 million units, a decrease of 65 million units from 2021.
In terms of new products, new FPC products will continue to emerge in 2023, including low-cost, high-performance FPCs, and flexible and changeable new FPCs. These products will have better bending and folding characteristics, which can meet the requirements of large extension space, low tension resistance and low deviation, and can minimize machine space, reduce power consumption, and improve system performance, so that FPC products can serve more application fields.
Overall, the outlook for the domestic FPC market in 2023 remains optimistic, market demand will continue to grow, and new FPC products will continue to emerge
. However, due to the saturation of the downstream consumer electronics market and the extension of the smartphone replacement cycle, shipments in some areas may decline. Therefore, the FPC industry needs to make efforts in technological innovation, product upgrading and diversified applications to maintain the continuous growth of its market.