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Molded Interconnect Devices Market 2027 By Industry Growth & Regional Forecast

The industrial segment in the molded interconnect devices market accounted for a revenue of more than 9% in 2020 and is expected to expand at a CAGR of more than 12% between 2021 and 2027.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/424

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Molded Interconnect Devices Market 2027 By Industry Growth & Regional Forecast

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  1. Molded Interconnect Devices Market is projected to reach CAGR 13% by 2027

  2. Key Insights from Molded Interconnect Devices Market: • The industrial segment in the molded interconnect devices market accounted for a revenue of more than 9% in 2020 and is expected to expand at a CAGR of more than 12% between 2021 and 2027. This rise is attributed to the escalating uptake of industrial robots at the global level. • These robots are integrated with numerous sensors, hardware systems, and PCBs, that are fabricated over MID technology. MIDs allows the reduction of the number of components in the final products, in turn creating more space for the integration of advanced systems and sensors in industrial robots.

  3. Regional Insights in Molded Interconnect Devices Market: • The molded interconnect devices market is slated to witness commendable growth in Europe owing to the presence of key automotive OEMs. These OEMs comprise Fiat, Daimler, BMW Group, and DAF Trucks among others, that are focusing on vehicle electrification and advanced automotive systems. • As per the International Energy Agency (IEA), in 2020, Europe recorded more than 1.4 million new electric cars with France and Germany, accounting for over 185,000 and 395,000 units of registered electric vehicles respectively. Further, the EV sales in Norway experienced an upsurge of almost 75% in 2020 when compared to 2019. • This escalating adoption of electric vehicles in Europe is set to provide new growth opportunities to market players, boosting the demand for molded interconnect device materials in the region.

  4. Latest Research Report On Molded Interconnect Devices Market @ https://www.gminsights.com/industry-analysis/molded-interconnect-devices-MID-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/424

  5. Major Companies in Molded Interconnect Devices Market: • Amphenol Corporation • Harting Technology Group • LPKF Laser & Electronics AG • Molex LLC • Multiple Dimensions AG • Suzhou Cicor Technology Co. Ltd

  6. Industry Coverage

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