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.
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.
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The List of Companies – In-Mold Electronics Market
- Butler Technologies, Inc.
- DuPont de Nemours, Inc.
- DuraTech Industries
- Eastprint Incorporated
- Golden Valley Products
- InMold Solutions
- Nissha Co., Ltd.
Advancements in Capacitive Touch SensorsDrive Growth of In-Mold Electronics Market
According to our latest market study on “In-Mold ElectronicsMarket 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.
The advent of capacitive touch sensors in devices such as smartphones and tablet PCs is leading towards a new group of printed electronics applications that include in-molded plastics. Capacitive switches are more reliable than mechanical switches as they comprise no moving parts to wear out or fail. The ability to print the controls onto a flat surface, then mold into the 3D interior portions of appliances and automotive electronics helps reduce the total space and weight of the final device. The in-mold products typically require materials such as polycarbonate substrates and notable PTF conductors designed for flexible substrates. For instance, silver conductors must maintain good adhesion and low resistivity after the substrate has been creased. The in-mold electronic inks enable designers to imprint electronics on plastic. Uses such as touch controls and lighting can be instantly embedded within plastic parts by printing circuits directly onto plastic sheets, which are thermoformed and injection molded. This allows electronic controls to take almost any shape, while moving closer to the surface for the strongest signal.
The in-mold electronicsmarket is segmented on the basis of application, ink type, and geography. The market, by application, issegmented into automotive, building automation, consumer products, wearable, healthcare, and others. The automotivesegment is expected to account for the largest share of the overall market during the forecast period. On the basis of ink type, the market issegmented into silver conductive ink, carbon conductive ink, and others.In 2019, thesilver conductive ink segmentaccounted for a substantial share in the global in-mold electronics market. Europe held the largest share of the in-mold electronics market in 2019, followed by North America and Asia Pacific. Further,Asia Pacific is projected to witness the highest CAGR in the market during the forecast period.
Impact of COVID-19 Pandemic on In-mold electronics Market
The COVID-19 pandemic has propelled several small and medium enterprise owners to operate with a limited number of personnel whereas many other businesses shortly laid off employees appointed in non-essential departments owing to restricted business operations. Many companies also have minimized the allocated budget for manufacturing of electronics owing to economic slowdown, which affected the global nosiness activities. Moreover, lack of business for component manufacturers, supply chain stakeholders, and distributors has also lead electronic manufacturers to lower the production. Thus, the in-mold electronics market has been witnessing a major drop in demand in 2020.
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The report segments the global in-mold electronics market as follows:
- Building Automation
- Consumer Products
By Ink Type
- Silver Conductive Ink
- Carbon Conductive Ink
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Rest of the World
- Middle East and Africa
- South America