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The global In-Mold Electronics market was valued at USD 189.38 Million in 2023 and growing at a CAGR of 28.83% from 2023 to 2032. The market is expected to reach USD 2,358.09 Million by 2033. The key factor propelling the in-mould electronics sector is that it makes smooth surfaces with no gaps, making them easy to clean. It can be very useful in medical applications. The in-mould electronics help the capacitive touch technology integrate into the device compactly, inexpensively, and at scale. It can be broadly used in the medical field. At present, the key market for in-mould electronics is automotive and appliances. As this technology is lightweight and can potentially reduce size, there is a good opportunity for mould electronics in aircraft interiors. The growing use of smart devices and the surge in the integration of electronics into everyday things is further propelling the market's growth.
In-mold electronics (IME) technology consists of integrating electronic components like touch sensors in moulded plastic parts during manufacturing. This approach eliminates the requirement for traditional PCBs and hence helps in making lightweight, sleek and customizable electronic devices. The future for the IME is promising as there is a growing demand for lightweight and flexible electronics and advancements in printing and materials technology. All these factors are driving the market. IME is used in several industries like automotive, healthcare, consumer electronics, and aerospace, which helps expand the market. The use of smart devices is growing, and there is a surge in the integration of electronics into everyday things, which is also propelling the growth of the In-mold electronics market. The technology offers benefits like improved durability, a decrease in manufacturing cost and increased design flexibility. Also, it has been observed that the leading manufacturers are broadly adopting IME to provide innovative products, improve the user experience and differentiate their product offerings in the market. The automotive sector is using the IME significantly, thus driving the market's growth. Integrating lighting systems, touch interfaces, and sensors into vehicle interiors is helping automotive manufacturers improve the functionality and aesthetics of their vehicles. Moreover, the IME is also useful for the healthcare sector in developing wearable devices and smart medical equipment. The production technology is broadly used in automotive and industrial electronics, IoT, home appliances and wearable gadgets. All these factors are thus driving this technology known as in-mould electronics or IME. Electronics has become an integral part of automotive design, and presently, the consumer is expecting more electronic content and capability within the vehicles. These factors are moving the trend away from fossil fuels and towards hybrid and electric vehicles, which need a reduction in weight. The in-mould electronics are used as touch controls in many white good appliances. The use of IME not only helps manufacturers improve the design of their products but also offers significant advantages in production. This technology helps eliminate bulky tech boxes, decrease waste while printing electronics, use less lead, follow all the compliances, and offer better cost efficiency than traditional membrane switchboards.
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Growing usability in the automotive sector – There are several advantages of in-mold electronics, and they add properties like lightweight, robustness, space-saving and freedom of design. In-mold electronics are broadly used in making instruments and door panels, along with window and door controls in the automotive sector. IME helps redesign the shape of the door panels, including seat positioning sensors, integrated door heaters, and control sensors. IME helps designers create new shapes for car interiors. It helps use fewer materials and parts, leading to a substantial decrease in the production processing steps. Hence, the cost savings are also very beneficial for car manufacturers. Automotive Interiors represents the large addressable market for IME. All of these factors are eventually driving the In-Mold Electronics market.
The complex manufacturing process – Making in-mold electronics involves a complex manufacturing process, which could lead to high manufacturing costs. It is acting as a restraint for the market. Also, the shear forces in the molding process can lead to detachment. There are also factors like yield, shape limitation, environment stability and software immaturity. All these factors thus act as hindrances to the growth of the market.
Growing prospect in the Aerospace sector– In the aerospace sector, the buttons and wires accounted for the substantial weight of the common switches, and the introduction of in-mold electronics technology is eliminating them and thus offering a significant decrease in weight. IME also helps simplify the design, making the circuit part of the structure, thus reducing a lot of wiring and saving space and weight. The antennas integrated into the aircraft body also help to save significant weight and space in aeroplanes and helicopters. The antennas can be moulded using the printing and moulding process. Designers like this technology as it helps them eliminate the buttons and multiple layers to assemble conventional electro-mechanical switches. This technology replaces them with pre-integrated plastic parts. All these factors will eventually drive the In-Mold Electronics market in the forecasting market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest market for the global In-Mold Electronics market, with a 36.89 % share of the market revenue in 2023. This market share is attributed to the surge in the presence of global electronic manufacturers in countries like India, China, Japan, Taiwan, and South Korea. Also, the growing demand for consumer electronics in the region is driving the use of in-mold electronics technology. The disposable income of the people in the region, especially in emerging economies like China and India, is growing along with the expanding healthcare infrastructure and growing automotive sector. All these factors are also propelling the growth of the IME in the region. Moreover, there is a growing demand for home improvement products, propelling the market's growth. The supportive government policies are helping many leading electronic manufacturers expand their regional facilities. All these factors are driving the In-Mold Electronics market in the region.
Asia Pacific Region In-Mold Electronics Market Share in 2023 - 36.89%
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The product segment is divided into silver conductive ink material, carbon conductive ink material and others. The silver conductive ink material segment dominated the market, with a market share of around 40.35% in 2023. This high market share is attributed to its use for in-mold electronics, which have excellent heat stability and better electrical conductivity. Silver conductive ink has low contact resistance, excellent adhesion, high electrical conductivity and an easy application process.
The application segment is divided into automotive, white goods, medical, aerospace and others. The automotive segment dominated the market, with a market share of around 77.44% in 2023. Electronics has always been an integral part of automotive design. The designers are trying to make more sophisticated 3D structures to make a modern cockpit experience. There is also a need to decrease the design complexity to reduce the yield. The new technologies are helping to integrate more electronics into vehicles. IME is the best example of it. Integrating electronics into the plastic parts leads to lighter, thinner components with more complex styling.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Million) |
| Market size value in 2023 | USD 189.38 Million |
| Market size value in 2033 | USD 2,385.09 Million |
| CAGR (2024 to 2033) | 28.83% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product and Application |
Asia Pacific region emerged as the largest market for the In-Mold Electronics.
The market's growth will be influenced by the growing usability in the automotive sector.
The complex manufacturing process hamper the market growth.
Growing prospect in the aerospace sector will provide huge opportunities to the market.
Key players are DuPont de Numours, TactoTek Oy, Golden Valley Products, Nissha Co. Ltd., Butler Technologies, GenesInk, YOMURA, InMold Solutions, Eastprint Incorporated and DuraTech Industries among others.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Soundproof Paint market based on below mentioned segments:
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