Home » Business, Electronics & Semiconductors, Europe, Manufacturing & Industry » Molded Interconnect Devices (MID) Market size to exceed USD 629.5 million by 2023, at 13.8% CAGR growth forecast from 2016 to 2023: Global Market Insights Inc.
“Major players operating in the industry are Molex, Harting Technology Group, TE Connectivity, MacDermid, SelectConnect Technologies, LPKF, RTP Company, etc. Manufacturers are now increasingly focusing on producing television sets using thermoplastic polym”
Global Molded Interconnect Devices (MID) Industry Size By Process (Laser Direct Structuring (LDS), Two-Shot Molding), By Application (Automotive, Telecommunication, Consumer, Industrial, Medical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

Global Molded Interconnect Devices Market size was evaluated at more than $225 million for 2015 with a CAGR of 13.8% during forecast period. These devices are reshaping electrical and mechanical designs in many applications, particularly those in telecommunication and automotive sectors. They lead to more effective low cost designs and are best options for replacingmany parts of a circuit board product by integrating electrical& mechanical functions in a single product.

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MIDare cost effective for complex electromechanical functions and minimize the number of parts in circuit saving space & reducing assembly time. All these factors have contributed to the growth of the global industry during forecastperiod.High designing flexibility and functional density is predicted to fuel the demand and growth of the industry.

RTP Company had set its production unit in China in 2006. The new specialty thermoplastic compound facility provided technical support, product development and customer support to its clients in China along with increased support and service to international clients.It was the second production unit establishment of the company in Asia after it first opened its manufacturing set up in Singapore in 2002. The firm has seven production units set up in three continents along with sales representatives in Asia Pacific, Europe and North America.

Molded Interconnect Devices (MID) Market Size

Global molded interconnect devices market is segmented into key geographical regions including North America, Asia Pacific, Europe, Latin America and MEA.

Asia Pacific molded interconnect devices market size was evaluated at more than $175 million for 2015. The growth can be attributed to availability of low cost parts in countries like China.

European industry is predicted to witness high growth due to presence of many automotive industries in the region. It was evaluated at $24 million for 2015 and is predicted to register CAGR of 12.2% during the forecast period.

To access sample pages or view this report titled, “Molded Interconnect Devices (MID) Market Size By Process (Laser Direct Structuring (LDS), Two-Shot Molding), By Application (Automotive, Telecommunication, Consumer, Industrial, Medical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/industry-analysis/molded-interconnect-devices-MID-market

US molded interconnect devices market size is predicted to surpass $25 million by end of forecast period. This has contributed to the rapid growth of the industry in North America.

Key industry players profiled in the report includes:

  • Molex
  • LPKF Laser & Electronics
  • RTP Company
  • TE Connectivity
  • MacDermid Incorporated
  • SelectConnect Technologies
  • Harting Technology Group
 
Read our insightful industry blog on Molded Interconnect Devices (MID) Market @ https://gminsights.wordpress.com/2016/07/01/molded-interconnect-devices-mid-market-size
 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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