According to a market report by Lucintel, the future of the global molded interconnect device (MID) market looks promising with opportunities in the telecommunication, consumer electronic, automotive, medical, industrial, and military & aerospace markets. The global molded interconnect device (MID) market is expected to reach an estimated $3.0 billion by 2030 from $1.6 billion in 2024,at a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are growing demand for lightweight and durable electronic devices and increasing demand for miniaturized electronic devices.
A more than 150-page report to understand trends, opportunity and forecast in molded interconnect device (MID) market to 2030 by product type (antennae & connectivity modules, sensors, connectors & switches, lighting systems, and others), process (laser direct structuring, two-shot molding, and film techniques), end use industry (telecommunications, consumer electronics, automotive, medical, industrial, military & aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that gate turn-off thyristor is expected to witness highest growth over the forecast period due to its high-voltage direct current (hvdc) transmission.
Within this market, automotive will remain the largest segment due to growing innovations such as autonomous car technology and regenerative car breaking and active integration of multitude of sensors.
APAC is expected to witness highest growth over the forecast period due to growing demand for automotive sector.
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ON Semiconductor, Diodes Incorporated, Infineon Technologies, STMicroelectronics, Toshiba, Mitsubishi Electric, Fuji Electric, Vishay Intertechnology, ROHM Semiconductor, Littelfuseare the major suppliers in the molded interconnect device (MID) market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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