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

In-Mold Electronics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Application (Automotive, Building Automation, Consumer Products, Wearable, Healthcare Others), Ink Type (Silver Conductive Ink, Carbon Conductive Ink, Others)

Publication Month : Oct 2020

  • Report Code : TIPRE00010967
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 126
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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

Lucrative Regions ofIn-Mold Electronics Market
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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)

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

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In-Mold Electronics Market: Strategic Insights

Market Size Value inUS$ 95.5Million in 2019
Market Size Value byUS$ 942.6Million by 2027
Growth rateCAGR of 44.6% from 2020-2027
Forecast Period2020-2027
Base Year2020
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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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Application , Ink Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Canada, China, France, Germany, India, Italy, Japan, Mexico, Middle East and Africa, Russian Federation, South America, South Korea, United Kingdom, United States

Frequently Asked Questions

What are reasons behind in-mold electronics market growth?

The growth of the in-mold electronics marketis primarily attributed to the advancement in capacitive touch sensors. Moreover,the space, cost and time benefit from in-mold electronics is attracting several various industries to adopt in-mold electronics technology in their manufacturing process.

What are market opportunities for in-mold electronics?

It is expected that the market for in-mold-electronics will show significant growth beginning in the 2023 to 2024 period. The movement will start with simple small-area devices and then progressing on to more complex, larger-area applications. In time, volumes will increase, with a particular emphasis on stringent reliability. Auto consoles and consumer appliances are the top products suitable for in-mold electronic-based touch panels at present. Many other industries are studying in-mold technology to understand it better, seeing what they can do with it.

Which application segment is expected to dominate the market in the forecast period?

The in-mold electronics market is led by automotive segment with highest share and is expected to dominate in the forecast period. In-mold electronics are utilized for manufacturing instruments, door panels, windows, and door controls in the vehicles. In-mold electronics allow the redesign of the shape of door panels, covering integrated door heaters and control sensors as well as touch sensors for seat positioning. This technology of manufacturing and assembly enables designers to generate new shapes for car interiors.

The List of Companies - In-Mold Electronics Market

  1. Butler Technologies, Inc.
  2. DuPont de Nemours, Inc.
  3. DuraTech Industries
  4. Eastprint Incorporated
  5. GenesInk
  6. Golden Valley Products
  7. InMold Solutions
  8. Nissha Co., Ltd.
  9. TactoTekOy
  10. YOMURA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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