Significant growth in historical scale: From 2018 to 2023, the market size of the flexible printed circuit board (FPC) industry increased from RMB 3.738 billion to RMB 51.982 billion, with a compound annual growth rate of 69.29%.
Strong growth momentum in the future: It is expected that the market size of the FPC industry will increase from 71.897 billion RMB to 206.099 billion RMB from 2024 to 2028, with a compound annual growth rate of 30.12% during this period. With the further deepening of intelligent technology transformation, emerging markets such as mid to high end smartphones, new energy vehicles, and wearable electronic devices represented by foldable screen smartphones are in high demand, providing new opportunities for FPC’s development.
The application field of circuit boards continues to expand, and the demand in emerging markets is strong