According to our latest market study on “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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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 electronics market is segmented on the basis of application, ink type, and geography. The market, by application, is segmented into automotive, building automation, consumer products, wearable, healthcare, and others. The automotive segment is expected to account for the largest share of the overall market during the forecast period. On the basis of ink type, the market is segmented into silver conductive ink, carbon conductive ink, and others. In 2019, the silver conductive ink segment accounted 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 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.
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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.
In-Mold Electronics Market: Ink Type
On the basis of ink type, the in-mold electronics market is segmented into silver 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: Application
The in-mold electronicsmarket, based on application, is segmented into automotive, home and building automation, consumer products, wearable’s, 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.
The List of Companies – In-Mold Electronics Market
Butler Technologies, Inc., DuPont de Nemours, Inc., DuraTech Industries, Eastprint Incorporated, GenesInk, Golden Valley Products, InMold Solutions, Nissha Co., Ltd., TactoTek Oy, and YOMURA are among the major companies operating in the in-mold electronics market.
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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.
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