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 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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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