Molded Interconnect Device Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

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.

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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.

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  • Market Coverage
  • Market number available for – 2024-2030
  • Base year- 2023
  • Forecast period- 2024-2030
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Molded Interconnect Device Market Report By Segment

By Process

  • Laser Direct Structuring
  • Two – Shot Molding
  • Film Technique

By Product Type

  • Antennae and Connectivity Modules
  • Connector and Switches
  • Sensors
  • Lighting

By Industry

  • Medical
  • Automotive
  • Consumer Electronics
  • Telecommunication
  • Aerospace and Defence

Global Molded Interconnect Device Market Report By Region

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • 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.

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