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According to our latest market study by The Insight Partners on “In-Mold Electronics Market Forecast to 2027 – Advancements in Capacitive Touch Sensors Drive Growth of In-Mold Electronics Market. 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 COVID-19 Impact and Global Analysis – by Application and Ink Type.
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 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 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.
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 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.
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.
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Key findings of the study:
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, Genes Ink 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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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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