Global Molded Interconnect Devices Market Overview:
Molded interconnect devices are injection molded plastic which is part of electromechanical parts used in mechanical and electrical engineering. use 3-dimensional electromechanical parts that bring together the best of both mechanical and electrical engineering. This device consists of the circuit board, connectors, housing, and cables that interfaces ad combines the full function and compact part of the electronic products. It is the three-dimensional thermoplastic carrier creating the real mechatronic device.
As per latest study released by AMA Research, the Global Molded Interconnect Devices market is expected to see growth rate of 14.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Production of Miniature Electronic Products
Market Growth Drivers:
Growing Demand for the Mechanical and Electrical Molded Device for Various Types of Electronics Products and Demand for the Sensor Production for Various Application
Challenges:
Stiff Competition in the Molded Interconnect Devices Market with the Presence of Low-Quality Products
Restraints:
Handling and Complexity Involved in the Production Processing of Molded Interconnect Devices
Opportunities:
The rising Manufacturing Industry will Boost the Molded Interconnect Devices and Surging Production of Medical Products
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are LPKF Laser & Electronics (Germany), TE Connectivity (Switzerland), Molex, LLC (United States), MacDermid, Inc. (United States), Amphenol Corporation (United States), HARTING Technology Group (Switzerland), Select Connect Technologies (United States) and RTP Company, Inc. (United States). Analyst at AMA Research see Global Manufacturers to retain maximum share of Global Molded Interconnect Devices market by 2030. Considering Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Molded Interconnect Devices market. Considering Market by Process, the sub-segment i.e. Two-Shot Molding Process will boost the Molded Interconnect Devices market.
Latest Market Insights:
In April 2022, SABIC launched a glass fiber-reinforced PPS-based compound named LNP THERMOCOMP OFC08V for 5G dipole antennas and other electrical/electronic devices. This compound features laser direct structuring (LDS), a method used to create MIDs.
On 31st March 2021, TactoTek and Amphenol ICC a leading global manufacturer of interconnect products, have announced that they are collaborating to develop automotive-grade in-mold connectors for TactoTek IMSE technology. MSE parts integrate printed electronics and electronic components within 3D injection molded plastics. They combine structure, electronic functions, and cosmetics in a single piece, seamless smart surfaces. TactoTek IMSE parts often connect to external system electronics or host systems.
What Can be Explored with the Molded Interconnect Devices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Molded Interconnect Devices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Molded Interconnect Devices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Molded Interconnect Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Molded Interconnect Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Molded Interconnect Devices Manufacturers, Molded Interconnect Devices Industry Association, Molded Interconnect Devices International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.