Molded Interconnect Device Market
Global Molded Interconnect Device Market Size, Share & Trends Analysis Report by Process (Laser Direct Structuring, Two – Shot Molding and Film Technique) By Product Type (Antennae and Connectivity Modules, Connector and Switches, Sensors, and Lighting) By Industry (Medical, Automotive, Consumer Electronics, Telecommunication, Aerospace and Defence ) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global molded interconnect device market is anticipated to grow at a significant CAGR of 13% during the forecast period. The increasing demand for compact features in electronics devices and adoption of MID to reduce the circuit density are the factors that has positively influenced the market growth. The growing use of molded interconnect devices in medical & healthcare industry is gaining popularity. The medical industry is integrating and adopting new technology to deliver better services to patients. Medical devices have employed MID technology to improve product quality and to reduce failure ratio and complexities. MID is used in a variety of portable devices, including glucose metres, blood pressure monitors, heart rate monitors, pulse oximeters and hearing aids. In these diagnostics devices, the molded interconnect device technology aids in achieving low power consumption, excellent precision, and a small footprint. MID aids in the miniaturisation of medication monitoring devices, which increases their diagnostic capabilities.
In the coming years, increasing innovations and R&D in the medical technology sector will promote the implementation of innovative medical equipment. Over the projected period, this is expected to provide new growth opportunities for MID manufacturers. Apart from these, high cost of MID due to cost of raw material such as high-performance thermoplastics, polycarbonates used in MID manufacturing can restrain the market growth.
Impact of COVID-19 Pandemic on Global Molded Interconnect Device Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe, which had drastically reduced the demand for molded interconnect devices. The automotive industry and consumer electronics industry halted their production and activities due to the COVID-19 pandemic. The drastic change in consumer buying power and weakening per capita income have negatively affected the production capabilities. Therefore, the demand for molded interconnect device was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the market started recovery as industrial operations were normalized after the recovery.
Segmental Outlook
The global molded interconnect device market is segmented based on the process, product type and industry. Based on the process, the market is sub segmented into laser direct structuring, two – shot molding, film technique. Among these, the two-shot molding segment dominated the market in 2020 and it is further estimated to maintain its dominance during the forecast period. The segment growth is attributed due to the high adoption of two shot molding for high volume production of complex, multi-material plastic, and multi-color products. Based on the product type, the market is sub-segmented into the antennae and connectivity modules, connector and switches, sensors, lighting. Based on industry, the market is sub-segmented into medical, automotive, consumer electronics, telecommunication, aerospace and defence.
**The above mentioned segments can be customized as per the requirements.
Global Molded Interconnect Device Market Share by Industry, 2021 (%)
The Consumer Electronics Segment is Likely to Holds the Major Share in the Global Molded Interconnect Device Market
Based on the industry, consumer electronic segment will contribute the prominent share in the growth of global molded interconnect device market. Growing internet penetration and technological advancement is forcing growth of consumer electronics that will lead to increase demands of molded interconnect devices in the market.
Regional Outlooks
The global molded interconnect device market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
**The market can be analyzed for particular region or country level as per the requirement.
Global Molded Interconnect Device Market Growth, by Region 2022-2028
The Asia-Pacific Region is Projected to Witness High Growth in the Global Molded Interconnect Device Market
Geographically,Asia-Pacific is expected to witness a high growth rate in the molded interconnect device market owing to the rising demand in smartphones and wearable devices and automobile segments. As the demands for consumer electronics are rising in the region due to growing urbanization, it will fuel the market growth in the region. Furthermore, continuous technological advancement in medical industry willaccelerate the demand for portabe medical devices that requires molded interconnect technology. The presence of prominent players such as Panasonic, Koninklijke Philips N.V., Sony in major economies such as South Korea, India and Japan further projected to boost market gorwth. These factors will propel the market growth in the region.
Market Players Outlook
The major companies serving the global molded interconnect device market include Element Solutions Inc., Galtronics, HARTING Technology Group, LPKF Laser & Electronics AG, Molex LLC, DuPont de Nemours, Inc., Ensinger India Engineering Plastics Pvt. Ltd., Evonik Industries AG, JOHNAN Corp., M.I.D Solutions Pty. Ltd. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In December 2021, Molex has acquired technology and intellectual property from Keyssa Inc. Molex's push to expand and broaden its micro-connector portfolio with highly flexible, cable-free connectors for near-field, device-to-device applications will be complemented by Keyssa's wireless chip-to-chip technology, which comes with over 350 filed patent applications.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global molded interconnect device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Molded Interconnect Device Market
• Recovery Scenario of Global Molded Interconnect Device Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunitie
5. Market Segmentation
5.1. Global Molded Interconnect Device Market by Process
5.1.1. Laser Direct Structuring
5.1.2. Two – Shot Molding
5.1.3. Film Technique
5.2. Global Molded Interconnect Device Market by Product Type
5.2.1. Antennae and Connectivity Modules
5.2.2. Connector and Switches
5.2.3. Sensors
5.2.4. Lighting
5.3. Global Molded Interconnect Device Market by Industry
5.3.1. Medical
5.3.2. Automotive
5.3.3. Consumer Electronics
5.3.4. Telecommunication
5.3.5. Aerospace and Defence
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 2E Mechatronic
7.2. Amphenol Corp
7.3. Cicor Group
7.4. DuPont de Nemours, Inc.
7.5. Ensinger India Engineering Plastics Pvt. Ltd.
7.6. Evonik Industries AG
7.7. Fujitsu Ltd.
7.8. Harting Technology Group
7.9. JOHNAN Corp.
7.10. LANXESS
7.11. LPKF Laser & Electronics AG
7.12. M.I.D Solutions Pty. Ltd.
7.13. Molex LLC
7.14. Multiple Dimensions AG
7.15. RTP Co
7.16. RTP Company
7.17. SelectConnect Technologies
7.18. SINOPLAST GROUP LTD.
7.19. TE Connectivity Corp.
7.20. TEPROSA GmbH
7.21. THALES
7.22. Zeon Corp.
1. GLOBAL MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
2. GLOBAL LASER DIRECT STRUCTURING IN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL TWO – SHOT MOLDING IN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FILM TECHNIQUE IN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
6. GLOBAL ANTENNAE AND CONNECTIVITY MODULES FOR MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CONNECTOR AND SWITCHES FOR MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SENSORS FOR MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LIGHTING FOR MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2021-2028 ($ MILLION)
11. GLOBAL MOLDED INTERCONNECT DEVICE IN MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL MOLDED INTERCONNECT DEVICE IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL MOLDED INTERCONNECT DEVICE IN CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL MOLDED INTERCONNECT DEVICE IN TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL MOLDED INTERCONNECT DEVICE IN AEROSPACE AND DEFENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
19. NORTH AMERICAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2021-2028 ($ MILLION)
21. EUROPEAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
23. EUROPEAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
24. EUROPEAN MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
31. REST OF THE WORLD MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD MOLDED INTERCONNECT DEVICE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MOLDED INTERCONNECT DEVICE MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MOLDED INTERCONNECT DEVICE MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL MOLDED INTERCONNECT DEVICE MARKET, 2022-2028 (%)
4. GLOBAL MOLDED INTERCONNECT DEVICE MARKET SHARE BY PROCESS, 2021 VS 2028 (%)
5. GLOBAL LASER DIRECT STRUCTURING IN MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL TWO – SHOT MOLDING IN MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL FILM TECHNIQUE IN MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL MOLDED INTERCONNECT DEVICE MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
9. GLOBAL ANTENNAE AND CONNECTIVITY MODULES FOR MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL CONNECTOR AND SWITCHES FOR MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL SENSOR FOR MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL LIGHTING FOR MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL MOLDED INTERCONNECT DEVICE MARKET SHARE BY INDUSTRY, 2021 VS 2028 (%)
14. GLOBAL MOLDED INTERCONNECT DEVICE IN MEDICAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL MOLDED INTERCONNECT DEVICE IN AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL MOLDED INTERCONNECT DEVICE IN CONSUMER ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL MOLDED INTERCONNECT DEVICE IN TELECOMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL MOLDED INTERCONNECT DEVICE IN AEROSPACE AND DEFENCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL MOLDED INTERCONNECT DEVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. US MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
22. UK MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD MOLDED INTERCONNECT DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
