Automotive Electronics Have Opened Up A New Blue Ocean Of Demand, And FPC in The Energy Storage Market Is Ready To Go

FPC's own performance is highly compatible with new energy vehicles. FPC has the characteristics of light weight, simple structure and simple circuit connection. It is a good circuit carrier for connecting automotive electronic components. It has obvious advantages in terms of safety, assembly efficiency, battery life and reducing self-weight. The FPC connection solution has become a passenger car. The absolute main solution in the power battery. With the increasing intelligence of automobiles, the demand for electronic components for lighting systems, display systems, power systems, battery management systems, and sensors has expanded, and the number of circuit carriers required to connect electronic components has increased accordingly. As a traditional line carrier, automotive wiring harnesses are relatively bulky and complicated in connection methods, and cannot adapt to the continuous increase in the number of electronic components in new energy vehicles. However, automotive FPCs rely on its advantages of light weight, simple structure, and convenient line connection. widely used in automobiles.

With the rapid development of new energy vehicles, the market demand for automotive FPC has surged. According to EV Sales, global sales of new energy vehicles will increase from 770,000 in 2016 to 6.75 million in 2021. According to Matt Bohlsen's latest forecast, global sales of new energy vehicles are expected to reach 10.4 million in 2022. According to data from the China Association of Automobile Manufacturers, the sales volume of new energy vehicles in my country will increase from 517,000 in 2016 to 3.521 million in 2021, with a market share of 13.4%. 10,000 vehicles. The explosive growth of new energy vehicles has driven the rapid development of power batteries in the new energy field. FPC is an important accessory for new energy power batteries. Compared with traditional wiring harnesses, FPC can achieve modularization and automated production, which can be achieved through automated production. To improve production efficiency, and rely on FPC's own significant characteristics to achieve lightweight and higher safety performance of batteries, it is the general trend of FPC to replace traditional wiring harnesses.

According to statistics, the scale of the automotive FPC market in 2018 reached 5.3 billion yuan, a year-on-year increase of 8.4%. The main growth drivers of the market come from the improvement in the degree of automotive electronics and the increase in the penetration rate of new energy vehicles. From 2016 to 2022, the annual growth rate of FPC for automobiles will remain between 6% and 9% for a long time. By 2022, the market size of FPC for automobiles will increase to 7 billion yuan.

Automotive electronics open up a new blue ocean of FPC demand. The application of automotive electronic products mainly focuses on power system, chassis system, body system, driving information system, safety system and security system. With the increasing electronic level of automobiles, sensors are widely used, and the proportion of automobile electronics in the cost of the whole vehicle is gradually increasing. According to the data of "2019 Automotive Electronics Industry Development White Paper" released by CCID Think Tank Electronic Information Research Institute, the proportion of automotive electronics in the total vehicle cost rose from 15% to 30% in 1990-2010, and it is expected that automotive electronics will account for the entire vehicle cost in 2030. will reach 50%. The use of FPC in the automotive field will continue to increase. It is expected that the amount of FPC used in a single vehicle will exceed 100. In the future, the demand for FPC in automobiles will reach 5 to 8 times that of traditional automobiles. In 2020, the unit price of FPC products is about 60 yuan, and each battery module needs to be equipped with an FPC. The current mainstream models are mostly used with 7-12 modules. Based on 10 modules, the value of newly added FPC bicycles is about 600 yuan.

Power battery FPC is expected to gradually replace traditional wiring harness solutions and become the mainstream trend. The wiring harness is the nervous system of the car and consists of wire and connector assemblies of many sizes and shapes. Compared with the traditional wiring harness, the FPC wiring harness has added a fuse protection current design to avoid the burning or explosion of the battery. It has high safety performance and occupies a smaller space in the battery pack, which is in line with the development direction of lightweight automotive electronics and has high manufacturing process flexibility. , high production efficiency, high dimensional accuracy, suitable for large-scale mass production. In terms of technology, FPC wiring harness solutions have many advantages such as high integration, automated assembly, assembly accuracy, ultra-thin thickness, ultra-softness, and light weight. One vehicle uses FPC flexible flat wiring harness instead of traditional wiring harness, the overall weight of the wiring harness is reduced by about 50%, and the volume is reduced by about 60%; in addition, the integration of electronic modules, switches and FPC wiring harness can reduce the use of connectors and accessories, and reduce costs . Therefore, the application of FPC wiring harness can better optimize the space, reduce energy consumption, and realize the green travel of the whole vehicle. At present, FPC has begun to be widely used in new energy vehicles to replace traditional battery sampling lines.

FPC has been applied to energy storage batteries, and its usage is expected to increase with the development of the energy storage market. The FPC replaces the traditional wiring harness to monitor and transmit information on the running status of the energy storage battery; the FPC is automatically disconnected in the event of an abnormal short circuit, which can protect the energy storage battery chip. Due to its safety and stability, FPC is gradually favored by energy storage power stations, and the application of FPC is expected to be further expanded in the field of energy storage. Benefiting from the strategic deployment of global carbon neutrality, the downward trend in the cost of energy storage projects, and the urgent need for superimposed solar energy storage projects and long-term energy storage, the global energy storage battery market will maintain a steady growth trend. The size of the global energy storage market in 2021 is US$349, and it is expected to reach US$211.9 billion in 2026, with a compound annual growth rate of 43.5%; China's energy storage market is expected to grow from 27.9 billion in 2021 to 110.3 billion in 2026. Public information shows that companies such as CATL, BYD, Tesla, Guoxuan Hi-Tech, AVIC Lithium, Tafel, Sunwanda and Funeng have all applied FPC.