In-Mold Electronics Market Size, Share, and Trends

In-Mold Electronics Market (By Ink Type: Carbon Conductive, Silver Conductive, and Others; By Application: Building Automation, Automotive, Healthcare, Consumer Products, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032

  • Last Updated : October 2023
  • Report Code : 1431
  • Category : Semiconductor and Electronic

The global in-mold electronics market was estimated at US$ 172 million in 2022 and is expected to hit US$ 3222.45 million by 2032, poised to grow at a noteworthy CAGR of 34.1% from 2023 to 2032.

In-Mold Electronics Market Size 2023-2032

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In-Mold Electronics Market  Size in the U.S. 2023 To 2032

The U.S. in-mold electronics market was valued at US$ 39.73 million in 2022 and is projected to expand US$ 749.96 million by 2032, growing at a CAGR of 34.20% between 2023 to 2032.

U.S. In-Mold Electronics Market Size 2023 To 2032

Based on region, North America dominated the global in-mold electronics market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. This is due to the increased adoption of the latest and innovative technologies in the industries of North America. The countries like US and Canada are capital intensive economies, where the demand for automation and adoption of innovative technologies is higher. Moreover, the increased demand for various luxury consumer, healthcare, wearables, and automotive products is higher in the region that propels the adoption of the in-mold electronics among the manufacturing units of various products. The increased disposable income, higher demand for luxury electronic products, and increased demand for the automotive vehicles among the population of North America has fostered the growth of the in-mold electronics market in this region.

On the other hand, Asia Pacific is estimated to be the most opportunistic market during the forecast period. This is attributable to the increased presence of the world’s top electronic manufacturers in the nations like China, India, Japan, South Korea, and Taiwan. The enormous demand for the consumer electronics in this region is one of the most significant factors that is expected to rapidly drive the growth of the in-mold electronics market in the Asia Pacific region during the forecast period. Moreover, rising disposable income, growing healthcare infrastructure, rapidly growing automotive sectors, and rising demand for the home improvement products is significantly driving the growth of the market. The favorable government policies is attracting various top electronic manufacturer to expand their manufacturing facilities in this region which is estimated to the most crucial factor that would augment the market growth in this region.

Growth Factors

The global in-mold electronics market is primarily driven by the rising production of different consumer electronics such as smartphones, tablets, and laptops. The technological advancements in the capacitive touch sensors in various consumer electronic devices is fostering the growth of the in-mold electronics market. Moreover, the growing popularity of the touch screen switches owing to the increased safety and elimination of frail or tear of the mechanical switches is a major driver of the market growth. Moreover, the adoption of in-mold electronics is growing in various end use applications as it offers benefits like reduction of weight and it facilitates processing of molding operations conveniently. The growing adoption of the in-mold electronics in the aerospace, automotive, consumer goods, electronic appliances, and various other applications is significantly boosting the growth of the global in-mold electronics market. The use of in-mold electronics offers cost reduction, design flexibility, and improves productivity which is a major factor behind the increasing demand for the in-mold electronics among the various industry players.

The elimination of the mechanical switches and buttons in the in-mold electronics makes the electronic parts more light-weight that enhances the products and manufacturing process. Traditionally, the assembling of electronics was a time-consuming process. However, with the introduction of the in-mold electronics the excess time consumed has been reduced significantly that improves the output of the manufacturing or the assembly units. The in-mold electronic technologies are increasing used in the latest consumer products such as dryers, washing machines, dishwashers, automotive consoles, smartphones, and a range of consumer electronics. Rising investments in the research and development of the ergonomics devices and equipment across various industries is boosting the market growth during the forecast period.

Report Scope of the In-Mold Electronics Market

Report Coverage Details
Market Size in 2023 USD 229.79 Million
Growth Rate From 2023 to 2032 CAGR of 34.1%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Ink Type, Application, Region
Companies Mentioned Butler Technologies, GenesInk, DuPont de Numours, InMold Solutions, YOMURA, Golden Valley Products, DuraTech Industries, Eastprint Incorporated, Nissha Co. Ltd., TactoTek Oy

 

Ink Type insights

Based on the ink type, the silver conductive segment dominated the global in-mold electronics market in 2022, in terms of revenue. This is attributed to the extensive usage of the silver conductive in-mold electronics across the globe owing to its various benefits. The silver conductive ink provides strong adhesion, high conductivity, and crease resistance to various polymer substrates. Moreover, the lower ink consumption reduces the cost, which fuels its adoption across the industries.

On the other hand, carbon conductive is estimated to be the most opportunistic segment during the forecast period. The carbon conductive inks offers durability, abrasion resistance, and high electric conductivity. The carbon inks can be customized according to the needs of the user, which is expected to fuel it growth during the forecast period.

Application Insights

Based on the application, the consumer products segment dominated the global in-mold electronics market in 2022, in terms of revenue. This is simply due to the increased demand for the latest and innovative consumer electronic products among the global population. The manufacturers are now increasingly adopting the in-mold electronics for adding desired designs to the products in along with achieving cost efficiency and time savings. The exponentially growing demand for the consumer electronics across the globe is expected to sustain the leading position of this segment throughout the forecast period.

On the other hand, the automotive is expected to be the fastest-growing segment during the forecast period. This is attributed to the increasing production of the autonomous and luxury vehicles. The growing popularity of the latest and innovative electric vehicles loaded with features and growing adoption of these vehicles is signifi9cantly boosting the growth of this segment across the globe.

Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.

In 2020, Mino Group and GenesInk entered into a partnership. This partnership aimed at expanding the business of the GenesInk in Asia Pacific region.

The various developmental strategies like collaborations, acquisitions, and partnerships fosters market growth and offers lucrative growth opportunities to the market players.

Some of the prominent players in the global in-mold electronics market include:

  • Butler Technologies
  • GenesInk
  • DuPont de Numours
  • InMold Solutions
  • YOMURA
  • Golden Valley Products
  • DuraTech Industries
  • Eastprint Incorporated
  • Nissha Co. Ltd.
  • TactoTek Oy

Segments Covered in the Report

By Ink Type

  • Silver Conductive
  • Carbon Conductive
  • Others

By Application

  • Building Automation
  • Automotive
  • Healthcare
  • Consumer Products
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

The global in-mold electronics market size was valued at US$ 172 million in 2022 and is expected to be worth around US$ 3222.45 million by 2032.

The global in-mold electronics market is growing at a notable CAGR of 34.1% during the forecast period 2023 to 2032.

The in-mold electronics market is expected to grow rapidly during the forecast period owing to the rising adoption of in-mold electronics across various industries such as automotive, consumer electronics, aerospace and numerous others.

Some of the prominent players in the global in-mold electronics market include Butler Technologies, GenesInk, DuPont de Numours, InMold Solutions, YOMURA, Golden Valley Products, DuraTech Industries, Eastprint Incorporated, Nissha Co. Ltd., TactoTek Oy.

The North America region dominated the global in-mold electronics market in 2020 and will lead the global in-mold electronics market in near future.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on In-Mold Electronics Market 

5.1. COVID-19 Landscape: In-Mold Electronics Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global In-Mold Electronics Market, By Ink

8.1. In-Mold Electronics Market, by Ink Type, 2023-2032

8.1.1. Silver Conductive

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Carbon Conductive

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Others

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global In-Mold Electronics Market, By Application

9.1. In-Mold Electronics Market, by Application, 2023-2032

9.1.1. Building Automation

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Automotive

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Healthcare

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Consumer Products

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global In-Mold Electronics Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Ink (2020-2032)

10.1.2. Market Revenue and Forecast, by Application (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Ink (2020-2032)

10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Ink (2020-2032)

10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Ink (2020-2032)

10.2.2. Market Revenue and Forecast, by Application (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Ink (2020-2032)

10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Ink (2020-2032)

10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Ink (2020-2032)

10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Ink (2020-2032)

10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Ink (2020-2032)

10.3.2. Market Revenue and Forecast, by Application (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Ink (2020-2032)

10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Ink (2020-2032)

10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Ink (2020-2032)

10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Ink (2020-2032)

10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Ink (2020-2032)

10.4.2. Market Revenue and Forecast, by Application (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Ink (2020-2032)

10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Ink (2020-2032)

10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Ink (2020-2032)

10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Ink (2020-2032)

10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Ink (2020-2032)

10.5.2. Market Revenue and Forecast, by Application (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Ink (2020-2032)

10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Ink (2020-2032)

10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)

Chapter 11. Company Profiles

11.1. Butler Technologies

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. GenesInk

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. DuPont de Numours

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. InMold Solutions

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. YOMURA

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Golden Valley Products

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. DuraTech Industries

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Eastprint Incorporated

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Nissha Co. Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. TactoTek Oy

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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