After the rapid growth and high penetration rate of smart phones in China, the growth rate of smart phones in South Asia, Africa, the Middle East and South America will soon reach the demand explosion point. Since 2018, about 30% of China’s domestic smartphones have been exported to South Asia, Africa, the Middle East and South America, and the number of shipments has increased by more than 25% year on year.
According to the market research of Cabol Technology, the growth of domestic smartphone shipments has driven the annual demand for FPC FPCs in China to exceed 4 million square meters, with a year-on-year growth of more than 5%, and the annual output value will reach 60 billion yuan. Among them, domestic smart phones consume about 8 billion yuan of FPC flexible circuit board materials. The accelerated growth of smartphone shipments also benefited the supply chain manufacturers as a whole, especially in the fields of key materials such as basic components and FPC flexible circuit boards, which contributed to the faster growth of demand in the Chinese market.
According to Zhao Qiangao of Cabol Technology, at present, the global production capacity of low-end FPC FPC FPC FPC products is concentrated in China, and the demand growth of China FPC FPC FPC FPC market will be an important production expansion window for FPC FPC FPC manufacturers in the next few years. It is also the best time for upstream FPC FPC material manufacturers to enter the Chinese market.