Molded Interconnect Devices Market to Generate Considerable Revenue from Laser Direct Structuring (LDS) Process Segment by 2024

In the Molded Interconnect Devices Market, the Laser Direct Structuring (LDS) process segment is anticipated to gain traction over the coming years owing to the ease of processing and low development & tooling costs associated with the manufacturing processes. It consists of a one-step process that integrates plastic creation on the device and enhances the component performance. The Molded Interconnect Devices Market is driven by benefits provided by the LDS processes such as the elimination of hazardous chemical pre-treatment and lesser environmental impacts over the legacy processes.

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The surge in the use of consumer electronic devices including smartphones, tablets, and televisions is anticipated to drive the Molded Interconnect Devices Market growth. These components are increasingly integrated into the smart devices owing to their reduced size and energy-saving features. The antenna integrated components provide enhanced mechanical and electronic enclosure development to the manufacturers.

The healthcare sector in the Molded Interconnect Devices Market is predicted to dominate owing to the growing use of these components in devices such as blood pressure monitors, glucose meters, and oxygen meters that enables improved patient diagnostics. The 3D assemblies of components in medical devices help in enhancing the circuit designs and minimizing the size. These are increasingly being used by dentists and medical pathology labs, thereby driving the Molded Interconnect Devices Market growth.

Touted as one of the major growth avenues in the Molded Interconnect Devices Market, China is estimated to contribute over $155 million to the MID industry by 2024, aided by the increasing demand for MIDs in the consumer electronics sector. China has achieved a rapid growth rate because of its ability to provide cheap labor for manufacturing industries, which has prompted many multinational companies to shift their manufacturing units in the country. The nation has now turned into a global manufacturing hub, with Apple setting one of the most prominent examples of this trend.

The technology company with an expansive product portfolio comprising portable electronic devices that are more compact and reliable is an ideal target consumer for the Molded Interconnect Devices Market. China also boasts of other domestic tech companies who have recently began dominating the smartphone market owing to their competitive sleek devices, the One Plus flagship line being an example of this phenomenon. Not to mention, the region being a key automotive manufacturing hub hosting the presence of many international and domestic brands also adds to its strong contender ship in the global MID industry fraternity.

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Besides the consumer electronics and automotive sectors, one of the most anticipated trends in the Molded Interconnect Devices Market remains the contribution of healthcare fraternity to this space. With rapid R&D investments toward healthcare prototyping gaining prominence, the sector is certain to be a profitable end-user for the molded interconnected devices manufacturers. Global Market Insights, Inc. forecasts the healthcare MID industry to record an appreciable double-digit CAGR of 15% over 2018-2024.

Some Points From Table Of Content: –

Chapter 4.   Molded Interconnect Devices Market, By Process

4.1.  Key trends by process

4.2.  Laser direct structuring (LDS)

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by end-use, 2013-2024

4.2.3. Market estimates and forecast, by region, 2013-2024

4.3.  Two-shot molding

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by end-use, 2013-2024

4.3.3. Market estimates and forecast, by region, 2013-2024

4.4.  Others

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by end-use, 2013-2024

4.4.3. Market estimates and forecast, by region, 2013-2024

Chapter 5.   Molded Interconnect Devices Market, By End-Use

5.1.  Key trends by end-use

5.2.  Automotive

5.2.1. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by process 2013 – 2024

5.2.3. Market estimates and forecast, by region 2013 – 2024

5.3.  Consumer products

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by process 2013 – 2024

5.3.3. Market estimates and forecast, by region 2013 – 2024

5.4.  Healthcare

5.4.1. Market estimates and forecast, 2013-2024

5.4.2. Market estimates and forecast, by process 2013 – 2024

5.4.3. Market estimates and forecast, by region 2013 – 2024

5.5.  Industrial

5.5.1. Market estimates and forecast, 2013-2024

5.5.2. Market estimates and forecast, by process 2013 – 2024

5.5.3. Market estimates and forecast, by region 2013 – 2024

5.6.  Military & aerospace

5.6.1. Market estimates and forecast, 2013-2024

5.6.2. Market estimates and forecast, by process 2013 – 2024

5.6.3. Market estimates and forecast, by region 2013 – 2024

5.7.  Telecommunication & computing

5.7.1. Market estimates and forecast, 2013-2024

5.7.2. Market estimates and forecast, by process 2013 – 2024

5.7.3. Market estimates and forecast, by region 2013 – 2024

5.8.  Others

5.8.1. Market estimates and forecast, 2013-2024

5.8.2. Market estimates and forecast, by process 2013 – 2024

5.8.3. Market estimates and forecast, by region 2013 – 2024

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