Global Molded Interconnect Device (MID) Market Report 2022: A $2.7 Billion Market by 2027 - Rising Demand for Miniaturization in Consumer Electronics Industry

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Oct 17, 2022, 12:45 ET

DUBLIN, Oct. 17, 2022 /PRNewswire/ -- The "Molded Interconnect Device (MID) Market" report has been added to ResearchAndMarkets.com's offering.

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%

The major driving factors for the growth of the molded interconnect device (MID) market include the growing advancement in automotive vertical.

Connectors and switches to have significant market size of molded interconnect device (MID) market during the forecast period

Connectors and switches are mainly used in automotive and medical industries. In the automotive Vertical, connectors find application in navigation devices, infotainment systems, cameras, and so on. MID technology is used in connectors to improve assembly operability, provide electrical and mechanical reliability, and offer compactness. Limited space issue in switches can be solved using MID technology

Telecommunication to have second highest CAGR during the forecast period.

In the telecommunications sector, MIDs are used in mobile phones and landline phones, remote controls, and the global telecommunications infrastructure such as satellites, base equipment, and network equipment. Generally, telecommunications based on the network are used in three different broad business areas, namely, central office, outside plants, and mobility.

Central office refers to large facilities where very high-volume communications are switched and processed; outside plants refer to switching stations where distributive switching occurs for commercial and home landlines; and the third area is mobility, where tower-based power and grounding supports mobile communication transmission.

US to grow with highest CAGR in North America during the forecast period.

The US is the major revenue generator for players dealing in MIDs in North America. In 2021, the US accounted for highest CAGR of the MID market in North America, owing to the presence of leading manufacturers such as Molex, Arlington Plating Company, Amphenol Corporation, and Kyocera AVX Corporation.

These manufacturers provide a comprehensive range of MID products to enhance the electrical connectivity and performance of the equipment or devices across various applications. Consumer electronics, medical, telecommunication, and industrial applications are driving the demand for MIDs in the US.

The consumer electronics market in the US has been continuously growing. Moreover, it has been observed that the demand for miniaturized packages has started gaining momentum in consumer electronics, automotive components, medical equipment, and other devices.

Competitive landscape

Key players operating in the market are Molex (US), LPKF Laser & Electronics (Germany), TE Connectivity (Switzerland), Taoglas (Dublin), Arlington Plating Company (US), Amphenol Corporation (US), MID Solutions (Germany), 2E mechatronic (Germany), KYOCERA AVX (US), and Johnan (Japan).

Premium Insights

Increasing Use of Molded Interconnect Devices in Automotive Industry to Offer Opportunities for Market Growth from 2022 to 2027
Sensors to Register Highest CAGR During Forecast Period
Consumer Electronics Vertical to Hold Largest Share of Mid Market During Forecast Period
Lds to Have Largest Market Size for Lds Process During Forecast Period
Mid Market to Record Highest CAGR in China in 2027

Market Dynamics

Drivers

Growing Use of Lds in Production of 5G Antennas
Increasing Use of Mids in Medical Devices
Rising Demand for Miniaturization in Consumer Electronics Industry
Intensifying Need to Reduce E-Waste

Restraints

Technological Monopoly of Lds Equipment Manufacturers

Opportunities

Rising Use of Mids in Automotive Industry
Expanding IoT Ecosystem
Opportunities for Chip-Level Optical Interconnects

Challenges

Incompatibility with Electronic Packages

Value Chain Analysis

Research and Development
Manufacturing
Assembly
Marketing and Sales
End-Users

Technology Analysis

3D Molded Interconnect Devices
Laser Plasma Patterning

Company Profiles

Key Companies

Molex
Lpkf Laser & Electronics
Te Connectivity
Taoglas
Amphenol Corporation
Harting
Arlington Plating Company
Mid Solutions Gmbh
2E Mechatronic
Kyocera Avx
Johnan

Other Important Players

Teprosa
Sunway Communication
Axon Cable
S2P
Suzhou Cicor Technology Co. Ltd
Tactotek
Duratech Industries
Tekra
Yomura Technologies
Macdermid Alpha Electronics
Galtronics
Yazaki Corporation
Chogori Technology
Suzhou Zeetek Electronics
Toyo Connectors
Sinoplast

For more information about this report visit https://www.researchandmarkets.com/r/t21kqm

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SOURCE Research and Markets