Lucintel’s latest market report analyzed that FPC for power battery provides attractive opportunities in the battery and vehicle manufacturing. The FPC for power battery market is expected to reach $0.03 billion by 2028 with a CAGR of 30.8%. In this market, multi-layer FPC is the largest segment by product type, whereas battery manufacturer is largest by application.
Based on product type, the FPC for power battery market is segmented into single layer FPC, double layer FPC, and multi-layer FPC. The multi-layer FPC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it provides high density interconnects, thus allowing for more complex circuit designs while ensuring increased functionality and better signal integrity.
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The FPC for Power Battery Market is marked by the presence of several big and small players. Some of the prominent players offering FPC for power battery include MFLEX (DSBJ), Suhzou Hengmei, Fujikura, Nippon Mektron, and Avary Holding (ZDT).
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