February 14, 2023 09:25 ET | Source: The Insight Partners The Insight Partners
New York, Feb. 14, 2023 (GLOBE NEWSWIRE) -- According to The Insight Partners, “Molded Interconnect Device Market Size, Share, Growth, Trends and Global Forecast to 2028 - Covid-19 Impact and Global Analysis by Product (Antennae and Connectivity Modules, Sensors, Connectors and Switches, Lighting Systems, and Others), End-users [Automotive, Consumer Electronics, Medical, Telecommunications, Military and Aerospace, and Others], Process [Laser Direct Structuring (LDS), Two-Shot Molding, and Film Techniques], and Geography”; the global molded interconnect device (MID) market size is expected to grow from USD 1.20 billion in 2021 and is reaching USD 2.71 billion by 2028; it is expected to register at a CAGR of 14.5% from 2022 to 2028.
Download PDF Brochure at https://www.theinsightpartners.com/sample/TIPTE100001138
Global Molded Interconnect Device Market – Report Scope:
Global Molded Interconnect Device Market - Company Overview
The report profiles several key players in the Molded Interconnect Device market, including Arlington Plating Company, HARTING Technology Group, LPKF Laser and Electronics AG, MacDermid, Inc., Molex, LLC, Multiple Dimensions AG, RTP Company, TE Connectivity, TEPROSA GmbH, and YOMURA. The study also includes an analysis of several other major companies, such as JOHNAN, 2E mechatronic, and MID Solutions, to provide a comprehensive understanding of the Molded Interconnect Device market and its ecosystem.
To remain competitive in the Molded Interconnect Device market, many players are pursuing both organic and inorganic growth strategies, including product launches, product development, market expansion, partnerships, collaborations, and mergers and acquisitions.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPTE100001138
A few of the examples are mentioned below:
Molded Interconnect Device, or MID, are thermoplastic parts created through injection molding that incorporate electronic circuits, reducing complexity, the number of components needed, and the risk of failure. Structured metallization and high-temperature thermoplastics are used to mold the circuits into the components, enabling innovative carrier circuit design in the electronics industry. As a result of these benefits, demand for MIDs has risen among manufacturers looking to fit more electronic components into smaller spaces. The growth of AI and IoT technology in devices like smart watches is expected to further boost the molded interconnect device market in the future.
Check Discount on this Report at https://www.theinsightpartners.com/discount/TIPTE100001138
Global Molded Interconnect Device Market – Growth Dynamics:
Domestic consumer electronics manufacturers have been encouraged to invest in new technologies, including AI, as a result of growing government initiatives and funding activities. Industry expansion has followed, with companies like Samsung planning to increase their spending by 30% to approximately US$ 151 billion by 2030. Additionally, the rise of disruptive technologies such as IoT, machine learning, and AI has generated a need for new manufacturing technologies, contributing to the growing demand for MIDs. The growing need for miniaturization in the consumer electronics sector is a key driver behind the expansion of the Molded Interconnect Device market. Additionally, favorable regulatory conditions and a desire to reduce e-waste have contributed to this growth, due to the ease of operation, installation, and configuration of MIDs, among other beneficial features.
The Molded Interconnect Device market is experiencing growth due to various factors. Increasing government initiatives and funding have spurred domestic consumer electronics manufacturers to invest in AI and expand the industry. Samsung, for instance, plans to increase spending by 30% to about US$ 151 billion by 2030. Additionally, new disruptive technologies like IoT, machine learning, and AI have created demand for new manufacturing technologies, contributing to the increased need for MIDs. The Molded Interconnect Device market has also been propelled by the growing demand for miniaturization in the consumer electronics industry. Further, Molded Interconnect Device market's growth can be attributed to multiple beneficial features of MIDs. These include the ease of operating, installing, and configuring the device, as well as a need to reduce e-waste through favorable regulatory conditions.
The Molded Interconnect Device market is expected to see growth opportunities in the near future, driven by the adoption of IoT devices and the rising demand for smartphones. Nevertheless, fluctuating raw material prices could hinder market growth. Other factors, including the impact of the COVID-19 pandemic, the ongoing Russia-Ukraine conflict, and the technological monopoly of LDS equipment manufacturers, could affect the supply chain and potentially hinder the growth of the Molded Interconnect Device market.
Buy Premium Copy of Molded Interconnect Device Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPTE100001138
Global Molded Interconnect Device Market - Regional Overview:
During the forecast period, China is expected to grow at the highest CAGR in the Asia Pacific region due to several factors. Firstly, China is a significant global manufacturing hub for various electronic devices, including wearable technology. Secondly, many companies based in North America and other regions have manufacturing plants in China. Finally, China is one of the fastest-growing countries in the production of consumer electronic and medical devices using MID technology.
Browse other research published by The Insight Partners:
Global Data Center Interconnect Platforms Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Application (Real-Time Disaster Recovery and Business Continuity, Federated Data Storage, Content Delivery); Industry (BFSI, IT and Telecom, Healthcare, Media and Entertainment, Retail, Others) and Geography
Global Wireless Interconnect Alarms Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Ionization Sensors, Photoelectric Sensors, Dual Sensors); Applications (Residential, Commercial) and Geography
Global Data Center Interconnect Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Services); Application (Geo clustering, Real-Time Disaster Recovery, Workload Mobility); Industry Vertical (BFSI, Utility and Power, IT and Telecom, Healthcare, Retail and E-commerce, Government, Media and Entertainment, Others) and Geography
Global High Density Interconnect Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (4 6 Layers HDI, 8 10 Layers HDI 10 an Layers HDI); End user (Consumer Electronics, Automotive, Medical, Telecommunications, Others) and Geography
Global Interconnects and Passive Components Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type (Passive Components, Interconnects); Application (Consumer Electronics, Data Processing, Telecommunication, Military and Aerospace, Automotive, Industrial, Healthcare) and Geography
Global Electrical Wiring Interconnection System (EWIS) Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Wire and Cables, Connectors and Accessories, Electrical Splices, Protection Materials, Others); Application (Avionics, Interiors , Propulsion Systems, Airframe , Others); Aircraft Type (Commercial Aircraft , Military Aircraft , Business and General Aircraft) and Geography
Global Connectors Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (PCB Connectors, I/O Connectors, Circular and Rectangular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, Others); End-user (Telecom, Transportation, Automotive, Industrial, Consumer Electronics, Medical, Others) and Geography
About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us: If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876 Press Release: https://www.theinsightpartners.com/pr/molded-interconnect-devices-market