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 them 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.
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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 the Asia Pacific. Further, Asia Pacific is projected to witness the highest CAGR in the market during the forecast period.
In-mold electronics come with various advantages over their standard counterparts. They are ~50% lighter than standard electronics due to the absence of mechanical buttons and switches. The fewer parts and manufacturing steps make the production process of in-mold electronics more straightforward and more efficient. Additionally, the assembly of parts in conventional electronics is a time-consuming process, which is eliminated in in-mold electronics. In an in-mold electronic, assembly is a single-connection, snap-on process, significantly diminishing assembly time while enhancing reliability and ease of service. Also, in-mold electronics enable design freedom by allowing 3D modern Smart Surfaces design with continuous surfaces. In-mold electronics integrate flexible circuitry and electronic elements into three-dimensional molded plastics. By impressing circuits straight onto plastic substrates, product designers can combine touch controls, lighting, and antennae in applications such as dryers, refrigerators, washing machines, automotive consoles, dashboards, steering wheels, and armrests. An in-mold electronic control panel dismisses complex, thick, and solemn multi-layer assemblies that are typically part of traditional electronics designs; as a result, they can be as thin as 2mm.
Growing Penetration of In-Mold Electronics Drives Market Growth
The in-mold-electronics market is expected to witness significant growth at 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 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.
The List of Companies – In-Mold Electronics Market
The global in-mold electronics market has been segmented as follows: In-Mold Electronics Market – by Ink Type
In-Mold Electronics Market – by Application
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