Molded Interconnect Devices Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2024 - PowerPoint PPT Presentation

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Molded Interconnect Devices Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2024

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Molded interconnect devices support miniaturization by integrating electronic & mechanical parts and circuits directly on 3D plastic devices. They integrate functions and help in minimizing assembly time, resulting in the production of high-quality parts. – PowerPoint PPT presentation

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Title: Molded Interconnect Devices Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2024


1
Molded Interconnect Devices Market Global
Industry Analysis Report, Share, Size, Growth and
Forecast, 2016 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Molded Interconnect Devices
Market
  • Molded interconnect devices market share worth
    USD 225 million in 2015, is predicted to touch
    USD 692.45 million by the end of 2024, with a
    CAGR of 13.8 over the period of 2016-2024.
    Factors such as high functional density and
    flexible design are predicted to benefit the
    industry growth over the next few years.
  • Molded interconnect devices support
    miniaturization by integrating electronic
    mechanical parts and circuits directly on 3D
    plastic devices. They integrate functions and
    help in minimizing assembly time, resulting in
    the production of high-quality parts. This helps
    in saving costs and reducing the production time
    as only a few components are involved in the
    system.
  • High reliability owing to design flexibility of
    the products and less auxiliary parts along with
    eco-friendly features are some of the factors
    predicted to boost the market demand in the next
    eight years.

3
Continued
  • These devices are finding growing applications in
    automotive, medical, telecommunication,
    industrial, and consumer sectors. They find their
    implementation in products like cell phones,
    antennas, joysticks, cars, flashlights, and
    airplanes.
  • Automotive application segment is anticipated to
    be worth USD 82.5 million by 2024, with a CAGR of
    14.8 over the period of 2016-2024 due to rising
    acceptance of molded interconnect devices in
    brake-light fixtures.
  • Medical applications segment worth USD 7.6
    million in 2015, is predicted to touch USD 22
    million by 2024. Growing awareness about benefits
    of device use is expected to boost the segment
    growth over the forecast period.
  • Telecommunications applications segment is
    anticipated to record a CAGR of 13.6 over the
    period of 2016-2024 owing to rising use of
    antennas.

4
China molded interconnect device market size, by
application, 2012-2023 (USD Million)

5

Browse Full Market Research Report of Molded
Interconnect Devices Market _at_ http//bit.ly/2g9q8Z
S Request for a Sample of this Research
report _at_ https//www.fractovia.org/request-sample/
187
6
Continued.
  • Asia Pacific molded interconnect devices (MID)
    market worth USD 175 million in 2015, is
    predicted to touch USD 555.5 million by 2024 with
    a CAGR of 14.3 over the forecast timeline. The
    growth in this region is primarily attributed to
    the easy availability of components with low
    costs in countries like China.
  • Europe MID market size worth USD 24 million in
    2015, is anticipated to record a CAGR of 12.2
    over the period of 2016-2024 as a result of the
    large-scale production of vehicles contributing
    towards the regional growth.
  • U.S. molded interconnect devices (MID) market
    share is expected to surpass USD 27.5 million by
    the end of 2024.
  • Key industry players include MacDermid
    Incorporation, Harting Technology Group,
    SelectConnect Technologies, Molex, and RTP
    Company.

7
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