Innovations in Miniaturization and Growing Demand Across Automotive and Healthcare Sectors Propel Market Growth
United States of America [16-July-2025] – The global Molded Interconnect Device (MID) Market is poised for strong growth, expected to increase from USD 1.03 billion in 2023 to USD 1.89 billion by 2031, at a robust CAGR of 7.4%, according to the latest research by The Insight Partners.
Driving the Future of Electronic Integration
MIDs integrate electrical circuits directly into three-dimensional plastic components, enabling compact, lightweight, and highly functional devices. This technology is gaining widespread adoption in industries such as automotive, healthcare, consumer electronics, and telecommunications due to its ability to reduce assembly complexity and improve device performance.
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Market Growth Factors
- Rising need for compact and multifunctional electronic components in electric vehicles and smart medical devices.
- Advances in laser direct structuring (LDS) and injection molding technologies enhancing precision and manufacturing efficiency.
- Increasing demand for lightweight and miniaturized electronics in telecommunications and consumer devices.
- Government initiatives and investments supporting the development of advanced manufacturing technologies.
Segment and Regional Insights
- By Application: The automotive sector leads the market, driven by demand for ADAS, EV components, and infotainment systems. Healthcare and consumer electronics follow closely, fueled by innovations in wearable and diagnostic devices.
- By Technology: Laser Direct Structuring remains the predominant technology due to its versatility and ability to produce complex circuit patterns.
- By Region: Asia-Pacific emerges as the fastest-growing market, supported by expanding electronics manufacturing and automotive industries, with North America and Europe maintaining significant shares due to technological advancements.
Competitive Landscape
Key market players such as Murata Manufacturing Co., Ltd., LPKF Laser & Electronics AG, TactoTek Oy, Plexus Corp., and Nitto Denko Corporation are focusing on product innovation, strategic partnerships, and capacity expansions to strengthen their market positions.
About The Insight Partners
The Insight Partners is a global market research firm providing actionable intelligence and consulting services across various sectors. Their Molded Interconnect Device Market report offers comprehensive insights, detailed forecasts, and strategic analysis.
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