Automotive FPC Market By Product Type (Double Sided FPC, Multilayer FPC, Single Sided FPC) , By Application (Fuel Automotive, New Energy Automotive) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Automotive FPC Market
The automotive FPC market was valued at $344.0 million in 2023 and is projected to reach $539.2 million by 2033, growing at a CAGR of 4.8% from 2024 to 2033.
An automotive flexible printed circuit (FPC) is a circuit board that provides electrical connectivity to different components of vehicles. The ability of the circuit to bend & twist allows it to fit compactly in irregular spaces, saving space and weight in automobiles. In automotive FPCs, the conductive pathway is printed on a flexible surface using processes such as photolithography or etching. They provide electrical connectivity to different components of automobiles, including infotainment, airbags, lighting, powertrain, engine control, and electric brake systems.
Increase in the incorporation of electrical systems in internal combustion engine vehicles is a key driver of the automotive FPC market. In addition, expansion of the electric and hybrid vehicle industries is augmenting the development of the market significantly. Furthermore, surge in inclination toward miniaturization of automotive components is fueling the demand for automotive FPCs due to their flexibility, which is propelling the market growth. In recent times, the usage of automotive FPCs to enhance the personalized attributes of vehicles is trending in the market currently. They are becoming crucial components of smart seating systems, interactive interfaces, and health-monitoring systems of vehicles as the flexibility of FPCs facilitates their seamless integration into complex designs and bends.
However, the high costs of specialized materials such as polyimide films that form the flexible surface, along with the complex layering processes increase the overall price of automotive FPCs. This restricts their usage in budgeted models, which restrains the development of the market. On the contrary, the advent of autonomous vehicles is expected to present remunerative opportunities for the automotive FPC market. According to a 2024 survey by McKinsey—an American management consulting firm—by 2030, level 4 robo-taxis are anticipated to be available commercially at a large scale and the likelihood for completely autonomous trucking lies between 2028 and 2031. As autonomous vehicles remain heavily equipped with various electric components—including sensors, collision avoidance systems, adaptive cruise control systems, and cameras—the automotive FPC market is poised to witness several new avenues in the future.
Segment ReviewThe automotive FPC market is segmented into product type, application, and region. On the basis of product type, the market is divided into double-sided FPC, multilayer FPC, and single-sided FPC. As per application, it is bifurcated into fuel automotive and new energy automotive. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America.
Key FindingsOn the basis of product type, the multilayer FPC segment is expected to be the highest shareholder during the forecast period.
As per application, the fuel automotive segment is projected to dominate the market from 2024 to 2033.
Region wise, Asia-Pacific is anticipated to be the highest revenue generator by 2033.
Competition AnalysisThe leading players operating in the global automotive FPC market include Nippon Mektron, Tripod, CMK Corporation, Chin Poon Industrial, AT&S, TTM, Wus Printed Circuit, KCE Electronics, and Meiko Electronics. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypeDouble Sided FPC
Multilayer FPC
Single Sided FPC
By ApplicationFuel Automotive
New Energy Automotive
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Key Market PlayersNippon Mektron
Tripod
CMK Corporation
Chin Poon Industrial
AT&S
TTM
Wus Printed Circuit
KCE Electronics
Meiko Electronics