In-Mold Electronics Market is expected to reach US$ 942.6 Mn by 2027

According to the new research report published by The Insight Partners, titled "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. Advancements in Capacitive Touch SensorsDrive Growth of In-Mold Electronics Market

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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. 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.

Companies Mentioned are: Butler Technologies, Inc., DuPont de Nemours, Inc., DuraTech Industries, Eastprint Incorporated, GenesInk, Golden Valley Products, InMold Solutions, Nissha Co., Ltd., TactoTek Oy, YOMURA

In-mold electronicscome 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 the in-mold electronicsmore straightforward and more efficient. Additionally, 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 typicallya part of traditional electronics designs; as a result, they can be as thin as 2mm.

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Market Insights-In-Mold Electronics Market
Growing Penetration of In-Mold Electronics Drives Market Growth
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.

The in-mold electronicsmarket players are mainly focusing on the development of advanced and efficient products.
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, GenesInk 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.

The global in-mold electronics market has been segmented as follows:
In-Mold Electronics Market - by Ink Type
Silver Conductive Ink
Carbon Conductive Ink
Others

In-Mold Electronics Market - by Application
Automotive
Building Automation
Consumer Products
Wearables
Healthcare
Others

Global Lithium Ion Battery Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America

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Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.