The global demand for Molded Interconnect Devices (MID) Market is presumed to reach the market size of nearly USD 811.18 MN by 2028 from USD 501.22 MN in 2021 with a CAGR of 12.12% under the study period 2022 - 2028.
Moulded interconnect devices (MID) are 3-dimensional electromechanical parts that bring together the best of electrical and mechanical engineering. These gadgets consolidate the connections, circuit boards, housing, and wires that make up conventional product interfaces into a single, small, fully functional component. The moulded connecting devices are additionally easy to use, install, and configure. The devices are employed in numerous end-user industries, including automobiles, medical equipment, jewellery, and cell phones.
Market Dynamics
The increasing production of 5G antennas using the LDS process significantly contributes to the demand for MIDs. Further, huge prospects are opening up for MID suppliers thanks to the rising demand for IoT devices. The industry's expansion will be aided by the high demand for smart consumer goods like smartphones, laptops, and smartwatches. In addition, the increased need for miniaturisation in the consumer electronics sector and expanding use of these devices in medical equipment is propelling the market. On the downside, the high cost of raw materials used in the fabrication procedures for moulded interconnect devices is one of the main reasons preventing market expansion. Regardless, the market for moulded connection devices will grow due to technological advancement and the growing need to reduce electronic waste.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of molded interconnect devices. The growth and trends of molded interconnect devices industry provide a holistic approach to this study.
Market Segmentation
This section of the molded interconnect devices (MID) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Process
- Two-Shot Molding
- Laser Direct Structuring (LDS)
- Others
By Application
- Automotive
- Consumer Products
- Healthcare
- Telecommunication & Computing
- Industrial
- Military & Aerospace
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Molded Interconnect Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Molded Interconnect Devices (MID) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the molded interconnect devices (MID) market include TE Connectivity, Mitsubishi Engineering-Plastics Corporation, GALTRONICS, Molex LLC, RTP Company, BASF, EMS- Chemie AG, Ensinger, Zeon Corporation, SelectConnect Technologies Suzhou Cicor Technology Co. Ltd (Cicor Group). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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