In-mold electronics market expected to grow by $2,358.09 million by 2033 at a CAGR of 28.83%: The Brainy Insights

The main markets for in-mold electronics are automobiles and home appliances. The increasing use of smart devices and the rapid integration of electronics into everyday things are further propelling the market growth. Asia Pacific has emerged as the largest market for the global In-Mold Electronics market, capturing 36.89% share of the market revenue in 2023.

NEWARK, March 7, 2024 (GLOBE NEWSWIRE) — The global in-mold electronics market will grow from USD 189.38 million in 2023 to USD 2.358 billion by 2033, according to a report published by The Brainy Insights. million USD, at a CAGR of 28.83% during the forecast period 2024-2033.

The main factors driving the in-mold electronics field are creating smooth surfaces with no gaps and easy cleaning. Very useful for medical applications. In-mold electronics help integrate capacitive touch technology into devices compactly and inexpensively at scale. It can also be widely used in the medical field.

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competitive strategy

In order to strengthen their market position in the global In-Mold Electronics market, leading companies are currently focusing on adopting strategies such as product innovation, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

• August 2023: DuPont completes its acquisition of Spectrum Plastics Group, a leading organization in the specialty medical devices and components space. This will help the acquired organization deliver a broader and more integrated set of products for critical healthcare applications. This also helps the organization to increase their market share in the In-Mold Electronics market.

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Market growth and trends

In-mold electronics has several advantages, with additional properties such as light weight, robustness, space savings, and design freedom. In-mold electronics are widely used in the manufacturing of automotive instruments, door panels, and window and door controls. IME helps redesign door panel geometry such as seat position sensors, integrated door heaters, and control sensors. IME helps designers create new shapes inside the car. This leads to a reduction in the amount of materials and parts used, leading to a significant reduction in the production process. Therefore, cost reduction is also very beneficial for car manufacturers. Automotive interiors represent a large addressable market for IME. IME is used in various industries such as automotive, healthcare, consumer electronics, and aerospace, contributing to the growing market. The use of smart devices is increasing and the integration of electronics into everyday things is rapidly increasing, which is also driving the growth of the in-mold electronics market. This technology offers benefits such as increased durability, reduced manufacturing costs, and increased design flexibility. It has also been observed that leading manufacturers are widely adopting his IME to offer innovative products, improve user experience and differentiate their product offerings in the market. In the automotive sector he IME is being used extensively and is driving the market growth. Integrating lighting systems, touch interfaces, and sensors into vehicle interiors helps automakers improve vehicle functionality and aesthetics. Furthermore, IME can also be useful in the healthcare field in the development of wearable devices and smart medical devices. This manufacturing technology is widely used in automotive and industrial electronics, IoT, consumer electronics, wearable gadgets, and more. Therefore, all these factors are driving this technology known as in-mold electronics or IME. Electronics have become an integral part of vehicle design, and consumers now expect more electronic content and functionality within their vehicles. These factors are driving the trend away from fossil fuels to hybrid and electric vehicles, which require lighter weight. In-mold electronics are used as touch controls in many white goods. The use of IME not only helps manufacturers improve product design, but also provides significant manufacturing benefits.

Main findings

• In 2023, the silver conductive ink materials segment dominated the market with the largest market share of 40.35% and market revenue of USD 76.41 million.

The product segment is divided into silver conductive ink materials, carbon conductive ink materials, etc. In 2023, the silver conductive ink materials segment dominated the market with the largest market share of 40.35% and market revenue of USD 76.41 million. This high market share is due to its use in in-mold electronics with good thermal stability and good electrical conductivity.

• In 2023, the automotive segment dominated the market with the largest market share of 77.44% and market revenue of $146.66 million.

Application segments are divided into automotive, white goods, medical, aerospace, etc. In 2023, the automotive segment dominated the market with the largest market share of 77.44% and market revenue of $146.66 million. New technology helps integrate more electronics into vehicles. IME is a prime example.

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Regional Segment Analysis of In-Mold Electronics Market:

• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and other South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)

Asia Pacific region emerges as the largest market for the global In-Mold Electronics industry, with a market share of 36.89% and a market value of approximately USD 69.86 million in 2023. This market share is due to the rapidly increasing presence of the global in-mold electronics industry. Electronic equipment manufacturers from India, China, Japan, Taiwan, South Korea, etc. Also, the growing demand for consumer electronics in the region is driving the use of in-mold electronics technology. Disposable incomes of people in the region, especially in emerging economies such as China and India, are increasing as healthcare infrastructure expands and the automotive sector grows. All these factors are also driving the growth of his IME in the region.

The major companies operating in the global In-Mold Electronics market are:

• Dupont de Nemours
• Tacttech Oy
• Golden Valley Products
・NISSHA Co., Ltd.
• Butler Technology
• Gene Ink
•Yomura
• In-mold solution
• Eastprint Co.
• Duratec Industries

This study projects revenues at global, regional, and country levels from 2020 to 2033. Brainy Insights has segmented the global In-Mold Electronics market on the basis of the segments given below:

Global In-Mold Electronics Market by Product:

• Silver conductive ink material
• Carbon conductive ink material
• others

Global In-Mold Electronics Market by Application:

• car
•White goods
• Medicine
• Aerospace
• others

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About the report:

The global In-Mold Electronics market is analyzed on the basis of value (US$ million). All segments are analyzed on global, regional and country basis. The study includes analysis of over 30 countries by segment. The report offers an in-depth analysis of drivers, opportunities, constraints, and challenges to gain key market insights. The study includes Porter's Five Forces Model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor location grid analysis, distribution and marketing channel analysis.

About Brainy Insights:

The Brainy Insights is a market research company that aims to provide actionable insights to improve business acumen for companies through data analysis. We have robust predictive and estimation models to help our clients achieve their goals of achieving high-quality results in a short period of time. We offer both customized (client-specific) and syndicated reports. The repository of syndicated reports is diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet our clients' requirements, whether they are looking to expand in global markets or planning to launch a new product.

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