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The popularity of new energy vehicles will drive the PCB market increase
In recent years, the global new energy passenger vehicle market has developed rapidly. According to statistics, in 2013, the global sales of new energy passenger vehicles was only 147,000. From 2014 to 2016, the global sales of new energy passenger vehicles were 350,000, 550,000, and 770,000 units, with a compound annual growth rate of 48.3%.
As the world's largest new energy vehicle market, China's market expansion speed is higher than the global average. In 2015-2016, domestic new energy vehicles achieved a production of 379,000 and 517,000 respectively, taking into account policy objectives, points system impact and vehicles. Factors such as enterprise sales planning, conservatively forecast that the domestic new energy vehicle production in 2017-2020 will be 700,000, 1 million, 1.2 million and 1.5 million, respectively, and the corresponding market penetration rate will gradually increase to about 5%.
Based on this calculation, by 2020, new energy vehicles will bring at least 3 billion yuan of market growth to the domestic automotive panel market. According to the statistics of the Global Energy Agency (IEA), the total global sales of new energy vehicles will reach 6 million by 2020, which means that new energy vehicles will bring nearly 12 billion market increments to the global automotive market.