Ocean View, Delaware, July 07, 2016 (GLOBE NEWSWIRE) -- Global Molded Interconnect Devices Market size was evaluated at more than $225 million for 2015 with a CAGR of 13.8% during forecast period. These devices are reshaping electrical and mechanical designs in many applications, particularly those in telecommunication and automotive sectors. They lead to more effective low cost designs and are best options for replacingmany parts of a circuit board product by integrating electrical& mechanical functions in a single product.
MID are cost effective for complex electromechanical functions and minimize the number of parts in circuit saving space & reducing assembly time. All these factors have contributed to the growth of the global industry during forecast period.High designing flexibility and functional density is predicted to fuel the demand and growth of the industry.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/424
RTP Company had set its production unit in China in 2006. The new specialty thermoplastic compound facility provided technical support, product development and customer support to its clients in China along with increased support and service to international clients.It was the second production unit establishment of the company in Asia after it first opened its manufacturing set up in Singapore in 2002. The firm has seven production units set up in three continents along with sales representatives in Asia Pacific, Europe and North America.
Global molded interconnect devices market is segmented into key geographical regions including North America, Asia Pacific, Europe, Latin America and MEA.
Asia Pacific molded interconnect devices market size was evaluated at more than $175 million for 2015. The growth can be attributed to availability of low cost parts in countries like China.
Browse key industry insights spread across 83 pages with 79 market data tables & 28 figures & charts from the report, “Molded Interconnect Devices (MID) Market Size By Process (Laser Direct Structuring (LDS), Two-Shot Molding), By Application (Automotive, Telecommunication, Consumer, Industrial, Medical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/molded-interconnect-devices-MID-market
European industry is predicted to witness high growth due to presence of many automotive industries in the region. It was evaluated at $24 million for 2015 and is predicted to register CAGR of 12.2% during the forecast period.
US molded interconnect devices market size is predicted to surpass $25 million by end of forecast period. This has contributed to the rapid growth of the industry in North America.
Key industry participants accumulating major molded interconnect device market share include Molex, TE Connectivity and Harting Technology Group. Other notable players are MacDermid Incorporated, LPKF Laser & Electronics, SelectConnect Technologies, and RTP Company.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/424
Global Market Insights has segmented the molded interconnect devices (MID) industry on the basis of process, application, and region:
Global MID Market Process Analysis (Revenue, USD Million, 2012 - 2023)
- Laser Direct Structuring (LDS)
- Two-shot molding
Global MID Market Application Analysis (Revenue, USD Million; 2012 - 2023)
- Automotive
- Telecommunication
- Consumer products
- Industrial products
- Medical
- Others
Global MID Market Regional Analysis (Revenue, USD Million, 2012 – 2023)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- MEA
Browse Related Reports:
- Integrated Systems Market Size By Service (Maintenance & Support, Installation & Integration, Consulting Services), By Product (Integrated Infrastructure Systems, Integrated Platform/Integrated Workload Systems), By End-Use (IT & Telecom, Banking Financial Services and Insurance, Retail, Healthcare, Manufacturing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022
https://www.gminsights.com/industry-analysis/integrated-systems-market-size
- Field Programmable Gate Array (FPGA) Market Size By Application (Data Processing, Industrial, Automotive, Consumer Electronics, Telecom, Military & Aerospace), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022
https://www.gminsights.com/industry-analysis/field-programmable-gate-array-fpga-market-size
Read our insightful industry blogs
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.