In-Mold Electronics Market to Grow at a CAGR of 44.6% to reach US$ 942.6 Million from 2020 to 2027

The in-mold electronics market was valued at US$ 95.5million in 2019 and is projected to reach US$ 942.6million by 2027; it is expected to grow at a CAGR of 44.6% during 2020–2027.

In-mold electronicscome with various advantages over their standard counterparts. They are ~50% lighter than standard electronics due to the absence of mechanical buttons and switches. The fewer parts and manufacturing steps make the production process of the in-mold electronicsmore straightforward and more efficient. Additionally, assembly of parts in conventional electronics is a time-consuming process, which is eliminated in in-mold electronics. In an in-mold electronic, assembly is a single-connection, snap-on process, significantly diminishing assembly time while enhancing reliability and ease of service.Also, in-mold electronics enable design freedom by allowing 3D modern Smart Surfaces design with continuous surfaces. In-mold electronics integrate flexible circuitry and electronic elements into three-dimensional molded plastics. By impressing circuits straight onto plastic substrates, product designers can combine touch controls, lighting, and antennae in applications such as dryers, refrigerators, washing machines, automotive consoles, dashboards, steering wheels, and armrests. An in-mold electronic control panel dismisses complex, thick, and solemn multi-layer assemblies that are typicallya part of traditional electronics designs; as a result, they can be as thin as 2mm.

Impact of COVID-19 Pandemic on In-Mold Electronics Market

The North America region especially the U.S. witnessed an unprecedented rise in number of confirmed cases resulting in large-scale lockdown across different regions as well as industrial activities. As a result, several small & medium enterprise owners have limited their industry personnel whereas many others have laid off non-essential employees shortly owing to restricted business operation. In addition to this, the company also minimized the allocated budget for manufacturing of electronics owing to economic slowdown, which affected the global nosiness activities. Moreover, the component manufacturer, supply chain and distributor lack of availability of business also has significantly influencing the production of electronics by the In-Mold Electronics market players. Thus, the market is expected to witness a major drop in the demand from the end-users for the current year and the subsequent years to recover from the impact of COVID-19 pandemic.

Lucrative Regions ofIn-Mold Electronics Market

Get more information on this report : Request Free Sample PDF

Market Insights–In-Mold Electronics Market

Growing Penetration of In-Mold Electronics Drives Market Growth

The in-mold-electronics market is expected to witness significant growth in the beginning of 2023–2024. The growth would start with simple small-area devices,further progressing on to more complex, larger-area applications. With time, the production volume would increase with a particular emphasis on reliability. Currently, the technology is primarily suitable for the production of touch panels for auto consoles and consumer appliances. Other industries are studying the in-mold technology to understand it better and extend its area of applications. Technology leaders are at the forefront of getting production-ready for introducing in-mold technology-based electronic components.

Ink Type-Based Insights

On the basis of ink type, the in-mold electronicsmarket is segmented intosilver conductive ink,carbon conductive ink, and others. Several inks are available, and suppliers are focusing on bridging the conductivity gap with the standard conductive inks, to improve the reliability of each electronic unit as well as units in a stack.

In-Mold Electronics Market, by Ink Type(% Share)

Get more information on this report : Request Free Sample PDF

Application-Based Insights

The in-mold electronicsmarket, based on application, issegmented intoautomotive, home and building automation, consumer products, wearables, healthcare, and others.Owing of its design freedom, and capability to meet functional requirements,in-mold electronics are more used technology than other switch technologies in industries such as automotive, home appliances, medical devices, retail, aerospace and defense, and consumer electronics.

Strategic Insights

The in-mold electronicsmarket players are mainly focusing on the development of advanced and efficient products.

• In 2020, TactoTek collaborated with Clayens NP, France, to market and sell solutions built using the its own IMSE technology. Moreover, in 2018, Electronics & Imaging, one of business segments of DuPont, launched the second generation of in-mold electronic materials with developments in its electrically conductive adhesive, protection encapsulant, and crossover dielectric.
• In 2020, GenesInk collaborated with Mino Group, a Japan-based printing equipment manufacturer. This partnership enabled the company to expand its business opportunities in Asia and Japan as the MINO group is the prominent provider of printing equipment dedicated to printed electronics.    

The global in-mold electronicsmarket has been segmented as follows:

In-Mold Electronics Market – by Ink Type

• Silver Conductive Ink
• Carbon Conductive Ink
• Others

In-Mold Electronics Market – by Application

• Automotive
• Building Automation
• Consumer Products
• Wearables
• Healthcare
• Others

In-Mold Electronics Market –by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

• Asia Pacific (APAC)

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

• Rest of World (ROW)

  • Middle East and Africa (MEA)
  • South America (SAM)

In-Mold Electronics Market –CompanyProfiles

• Butler Technologies, Inc.
• DuPont de Nemours, Inc.
• DuraTech Industries
• Eastprint Incorporated
• GenesInk
• Golden Valley Products
• InMold Solutions
• Nissha Co., Ltd.
• TactoTek Oy
• YOMURA