Europe Molded Interconnect Device (MID) Market Size, Share & Industry Trends Analysis Report By Product Type (Antennae & Connectivity Modules, Sensors, Connectors & Switches, Lighting Systems), By Process, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Molded Interconnect Device (MID) Market would witness market growth of 13.7% CAGR during the forecast period (2022-2028).
During the forecast period, the prevalence of the Internet of Things and artificial intelligence technology in computing devices & smart wearables would accelerate the growth of the MID market. The growing usage of the LDS process for the production of 5G antennas, which also increases the speed as well as efficiency of wireless communication is a key factor driving demand for MIDs. The growing demand for IoT devices presents a tremendous opportunity for MID providers.
In addition, the three-dimensional electromechanical components are molded with circuits made of high-temperature thermoplastics & structured metallization, providing a new perspective on carrier circuit design to the electronics industry. In the consumer electronics industry, these molded components are used to substitute the tip on the internal antenna of mobile phones. The incorporation of an inside antenna into the phone's inner fittings saves volume by maximizing space efficiency. LDS technology is very effective at shortening the production cycle time because it requires fewer production steps.
The growing use of smartphones and the incorporation of advanced features have increased the demand for audio & video equipment. Because of the convenience and increase in disposable income, customers are shifting toward smart homes. Consumers can now control home appliances using simple voice commands because of improved connectivity, voice-enabled control, and speech recognition. This will help the consumer electronics sector grow in the coming years. The prevalence of smart home devices and the increasing home automation trend has resulted in an explosion of online devices.
The Germany market dominated the Europe Molded Interconnect Device (MID) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $186.2 Million by 2028. The UK market would showcase a CAGR of 12.8% during (2022 - 2028). Additionally, The France market is estimated to grow at a CAGR of 14.5% during (2022 - 2028).
Based on Product Type, the market is segmented into Antennae & Connectivity Modules, Sensors, Connectors & Switches, Lighting Systems and Others. Based on Process, the market is segmented into Laser Direct Structuring (LDS), Two-Shot Molding and Film Techniques. Based on Vertical, the market is segmented into Consumer Electronics, Telecommunications, Automotive, Medical, Industrial and Military & Aerospace. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Molex, LLC (Koch Industries, Inc.), TE Connectivity Ltd., Taoglas, KYOCERA AVX Components Corporation (Kyocera Corporation), Amphenol Corporation, LPKF Laser & Electronics AG, HARTING Technology Group, MID Solutions GmbH, and 2E mechatronic GmbH & Co. KG
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Antennae & Connectivity Modules
- Connectors & Switches
- Lighting Systems
- Laser Direct Structuring (LDS)
- Two-Shot Molding
- Film Techniques
- Consumer Electronics
- Military & Aerospace
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Molex, LLC (Koch Industries, Inc.)
- TE Connectivity Ltd.
- KYOCERA AVX Components Corporation (Kyocera Corporation)
- Amphenol Corporation
- LPKF Laser & Electronics AG
- HARTING Technology Group
- MID Solutions GmbH
- 2E mechatronic GmbH & Co. KG
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