Molded Interconnect Device (MID) Market, by Process, Vertical and Region Global Forecast to 2027

The molded interconnect device (MID) market is expected to grow from USD 1.4 billion in 2022 to USD 2.7  billion by 2027; it is expected to grow at a CAGR of 13.6% during the forecast period. Key factors driving the demand for MIDs included the growing use of LDS process for the production of 5G antennas, which increases the speed and efficiency of wireless communication. Growing demand for IoT devices is bringing huge opportunities for MID providers.

Lighting Systems is expected to have second highest CAGR during the forecast period

Lighting systems are being mainly used in automotive and residential applications. MIDs are used in LED lighting to make them cost-efficient and effective by placing interconnects and electronic components on a 3D plastic body. In automotive, rear lamp cluster is an application area of lighting, where MID is used to integrate bulbs, unsoldered circuitry, and a port into a single unit.

Two-shot molding is expected to have second largest market size during the forecast period

Two-shot molding process is a mature and well-developed process for cost-efficient and repeatable production of MIDs. In Two-shot molding, two separate molding cycles and different thermostatic polymers and electroless plating process are used to manufacture the component. It requires the construction of different mold cavities for each shot. Two-shot molding produces MIDs by combining non-plateable and plateable injection molded resins. This process is mainly used for high-volume applications, typically, in telecommunications and automotive industries as the tooling costs are high in this process. It offers a few advantages over other processes like design flexibility for 3D geometries, ability to integrate multiple functions into one compound, and scalability improvement.

Download PDF Brochure   @ 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150539319

Consumer electronics to have the largest market size during the forecast period.

Consumer electronics include electronic equipment intended for everyday use, usually in entertainment, communications, and office productivity. Consumer electronics include almost all electronic devices used for entertainment, communications, and office work. Television sets, home theater devices, video game devices, cameras, refrigerators, and washing machines are a few examples of consumer electronics that are equipped with electronic components. Consumer electronics is the major revenue generator for the MID market. In consumer electronics, MIDs are being prominently used in smartphone antennae, smart wearable device antennae, and tablet or laptop antennae.

China to grow with the highest CAGR  in Asia Pacific region during the forecast period

China to grow with highest CAGR in Asia Pacific region.  China is  global manufacturing hub  for electronics manufacturing process. The companies based in North America and other regions have their manufacturing plants in China. China is one of the fastest growing place for production of medical and consumer electronic devices through MID technology. All these reasons have led to China being fastest gowing country in the world during the forecast period.

The report profiles key players in the molded interconnect device (MID) market and analyzes their market shares. Players profiled in this report are  Molex (US), TE Connectivity (Switzerland), Amphenol Corporation (US), LPKF Laser & Electronics (Germany), and Taoglas (Dublin), Harting (Germany), Arlington Plating Company (US), MID Solutions (Germany), 2E Mechatronic (Germany), KYOCERA AVX (US) and Johnan (Japan), Teprosa(Germany), Sunway Communication(China), Axon Cable(France), S2P (France), Suzhou Cicor Technology (China), TactoTek (Finland), DuraTech (US), Tekra (US), Yomura Technologies (Taiwan), MacDermid Alpha Electronics (US), Galtronics (US), Yazaki Corporation (Japan), Chogori Technology (Japan), Suzhou Zeeteq Electronics (Japan), Toyo Connectors (Japan) and SINOPLAST (China).

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/molded-interconnect-device-market-150539319.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441