2026年东山精密公司研究报告：AI PCB+光模块双翼齐振，聚力新程（附下载）

Group 1: FPC Market Dynamics - FPC's lightweight and flexible characteristics are driving increased demand as the number of FPCs used in devices rises [1][2] - The global FPC market is projected to grow from $12.8 billion in 2024 to $15.5 billion in 2029, with a compound annual growth rate (CAGR) of 4.0% [1] - The increasing integration of features such as OLED screens, facial recognition, and multi-camera setups in consumer electronics is intensifying the demand for FPCs [1][3] Group 2: iPhone's Impact on FPC Usage - Each iPhone generation has introduced new components requiring FPCs, leading to a marginal increase in FPC usage [2][7] - The FPC count in iPhone models has significantly increased, with the iPhone X using up to 24 FPCs, an increase of around 10 from the iPhone 7 [2][7] - The iPhone 15 series features upgrades that further enhance FPC usage, including a 48MP main camera and a periscope lens in the Pro Max model [7] Group 3: AI and Emerging Technologies Driving FPC Demand - The rise of AI smartphones is increasing power consumption, necessitating larger batteries and consequently more FPCs for circuit transmission [3][8] - The AR/VR market is expected to grow rapidly, with global shipments projected to reach 38 million units by 2029, further driving FPC demand [3][8] - Wearable devices are also increasing the need for FPCs due to the requirement for higher component density and lightweight designs [3][8] Group 4: Optical Module Market Growth - The global optical module market is expected to grow from $8.4 billion in 2019 to $16.3 billion in 2024, with a CAGR of 14.3% [9][10] - AI-driven GPU computing is expanding the need for optical modules, as large-scale data exchange becomes essential for GPU clusters [9][10] - The optical module market is projected to reach $38.9 billion by 2029, with a CAGR of 18.9% from 2024 to 2029 [10] Group 5: Data Communication Sector as a Growth Driver - The data communication sector is a core growth area for optical modules, with market size expected to increase from $3.1 billion in 2019 to $10.4 billion in 2024, reflecting a CAGR of 27.2% [11] - The demand for high-speed optical modules is expected to strengthen as cloud providers increase investments in data centers [11] - By 2029, the data communication optical module market is projected to reach $29.1 billion, with a CAGR of 22.9% from 2024 to 2029 [11]