According to the latest research report by The Insight In-Mold Electronics Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Application and Ink Type, “the 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% from 2020 to 2027.
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Strong Growth of In-Mold Electronics Industry in Developing Countries Drives In-Mold Electronics Market
In-molded plastics are now being used in a new class of printed electronics applications due to the introduction of capacitive touch sensors in gadgets like smartphones and tablet PCs. Since there are no moving parts to wear out or break, capacitive switches are more dependable than mechanical switches. The ability to 3D print controls onto a flat surface and then mound them into interior components for appliances and car electronics helps reduce the overall size and weight of the finished product. Typical materials needed for in-mold products include polycarbonate substrates and well-known PTF conductors made for flexible substrates.
According to application, ink type, and geography, the in-mold electronics market is divided into segments. The market is categorized by application into automotive, home automation, consumer goods, wearable technology, healthcare, and others. During the projected period, the automotive category is anticipated to hold the greatest share of the total market. The market is divided into silver conductive ink, carbon conductive ink, and other types of ink depending on the type of ink. The market for in-mold electronics worldwide accounted for a sizable portion of the silver conductive ink segment in 2019.
Impact of COVID-19 Pandemic on In-mold electronics Market
The COVID-19 epidemic has forced some small- and medium-sized business owners to function with a reduced staff, while many other companies quickly cut off employees hired in non-essential departments as a result of their limited ability to conduct business. Due to the worldwide sluggishness caused by the economy, many businesses have also reduced their budgets set aside for the production of electronics. Additionally, a decrease in output has been caused by a lack of demand from distributors, supply chain participants, and component makers. As a result, the market for in-mold electronics has been seeing a sharp decline in demand in 2020.
The market for In-Mold Electronics is concentrated with some very well-established players. Some of the key players in the In-Mold Electronics Market include
- Butler Technologies, Inc.
- DuPont de Nemours, Inc.
- DuraTech Industries
- Eastprint Incorporated
- GenesInk
- Golden Valley Products
- InMold Solutions
- Nissha Co., Ltd.
- TactoTekOy
- YOMURA
In-Mold Electronics Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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