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Molded Interconnect Devices Market: Good Opportunity to Hit New Growth Level 2020-2026

Author : Ronak Bora | Published Date : 2020-09-03 

Molded interconnect devices (MID) Market is increasingly gaining traction in automotive and consumer electronics applications owing to its space-saving circuitry. Electronics gadgets have become more compact than ever, owing to robust developments in semiconductor technology and consumer electronics over the past decade.

MID technology us being implemented by smartphone makers across the globe as it allows more features to be fit into smaller volumes, making the devices lighter and compact. Global Market Insights, Inc., estimates that global Molded interconnect devices (MID) Market will exceed US$1 billion valuation by 2026, with a positive application outlook in automotive, electronics, and industrial sector. Expounded below are some of the major trends shaping the future of molded interconnect devices technology.

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Laser direct structuring (LDS) process is prominently used by OEMs as it eliminates the need for harmful chemical pretreatment during metallization. It makes prototyping considerably faster and repeatable and by allowing manufacturers to reprogram the laser unit based on their need. Additionally, it offers a greater degree of design freedom and flexibility, reducing overall tooling costs.

LDS process Molded interconnect devices (MID) Market segment is projected to witness a robust CAGR of 15% through 2026. The process offers additional features such as precise positioning, thin and double-sided module, reliable contacting, and efficient thermal management for high-power LEDs. Many emerging industry participants have implemented LPKF’s patented technology to deploy LDS and expand their molding capabilities.

Molded interconnect devices (MID) Market is gaining increasing prominence in the automotive sector as automakers explore ways to meet the safety and comfort needs of passengers. Automotive OEMs are also implementing the LDS to minimize the number of components in vehicles, resulting in lower manufacturing costs and a lighter end product.

Top Key Players In Molded Interconnect Devices Market are Amphenol T&M Antennas, Galtronics, Harting Mitronics AG, LPKF Laser & Electronics AG, MacDermid Enthone, Molex, Multiple Dimensions AG, RTP Company, S2P smart plastic product, SelectConnect Technologies, Suzhou Cicor Technology Co. Ltd, TE Connectivity, Teprosa GmbH, Tongda Group, Yomura, Material Suppliers: BASF, DSM, EMS-GRIVORY, Ensinger GmbH, Division Ensinger Compounds, Evonik Industries, Lanxess, Mitsubishi Engineering Plastics, PTS Group, RTP, Sinoplast New Material Ltd., Zeon Corporation

In North America, manufacturers are seeking ways to implement advanced features into smartphones and other smart tech. The region is anticipated to witness exponential growth during the forecast period. The implementation of Molded interconnect devices (MID) Market could help technology developers deliver reliable, compact, and more advanced features into electronics devices. Furthermore, the presence of tech majors including Google and Apple in the U.S. will present ample opportunities to regional MID developers and suppliers.

Asia Pacific Molded interconnect devices (MID) Market is slated to grow exponentially in the near future mainly on account of established automakers and consumer electronics companies in the region. Regional players are substantially investing in new product development. The region is also a leading hub for manufacturers and consumers of consumer electronics including smartphones, laptops, printers and routers. Increasing deployment of MID antennas and circuitries into electronics will bolster the regional outlook.

Table Of Content:

Chapter 4   Molded Interconnect Devices (MID) Market, By Process

4.1   Key trends by process

4.2   Laser Direct Structuring (LDS)

4.2.1    Market estimates and forecast, 2015 - 2026

4.2.2    Market estimates and forecast, by application, 2015 - 2026

4.3   Two-shot molding

4.3.1    Market estimates and forecast, 2015 - 2026

4.3.2    Market estimates and forecast, by application, 2015 - 2026

4.4   Others

4.4.1    Market estimates and forecast, 2015 - 2026

4.4.2    Market estimates and forecast, by application, 2015 - 2026

Chapter 5   Molded Interconnect Devices (MID) Market, By Application

5.1   Key trends by application

5.2   Automotive

5.2.1    Market estimates and forecast, 2015 - 2026

5.2.2    Market estimates and forecast, by process, 2015 - 2026

5.3   Consumer products

5.3.1    Market estimates and forecast, 2015 - 2026

5.3.2    Market estimates and forecast, by process, 2015 - 2026

5.4   Healthcare

5.4.1    Market estimates and forecast, 2015 - 2026

5.4.2    Market estimates and forecast, by process, 2015 - 2026

5.5   Industrial

5.5.1    Market estimates and forecast, 2015 - 2026

5.5.2    Market estimates and forecast, by process, 2015 - 2026

5.6   Military & aerospace

5.6.1    Market estimates and forecast, 2015 - 2026

5.6.2    Market estimates and forecast, by process, 2015 - 2026

5.7   Telecommunication & computing

5.7.1    Market estimates and forecast, 2015 - 2026

5.7.2    Market estimates and forecast, by process, 2015 - 2026

5.8   Others

5.8.1    Market estimates and forecast, 2015 - 2026

5.8.2    Market estimates and forecast, by process, 2015 - 2026

Chapter 6   Molded Interconnect Devices (MID) Market, By Region

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/molded-interconnect-devices-MID-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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