Global Molded Interconnect Device Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Process;
Two-shot molding, LDS, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Molded Interconnect Device Market (USD Million), 2021 - 2031
In the year 2024, the Global Molded Interconnect Device Market was valued at USD 1,807.42 million. The size of this market is expected to increase to USD 4,467.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.8%.
The Global Molded Interconnect Device (MID) Market represents a pivotal sector within the electronics manufacturing industry, characterized by its innovative approach to integrating mechanical, electrical, and electronic functionalities into compact, three-dimensional components. Molded Interconnect Devices leverage injection molding technology to embed circuit traces and functional elements directly into plastic components, enabling significant advancements in miniaturization, design flexibility, and functional integration.
This market segment is propelled by the increasing demand for compact, lightweight electronic devices across various sectors such as automotive, consumer electronics, healthcare, and telecommunications. MID technology facilitates the creation of multifunctional components that combine structural elements with electronic circuitry, reducing assembly complexity and enhancing product reliability.
Key drivers include advancements in materials and manufacturing processes, enabling enhanced durability, conductivity, and thermal management in MID components. Additionally, the market benefits from growing applications in wearables, IoT devices, and smart packaging, where compact, efficient designs are paramount. As industries continue to embrace the advantages of miniaturization and multifunctionality, the Global Molded Interconnect Device Market is poised for further expansion, driven by innovation, technological integration, and evolving consumer demands for smarter, more interconnected devices.
Global Molded Interconnect Device Market Recent Developments
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In August 2023, Continental AG acquired a majority stake in a MID manufacturing company to enhance its automotive component offerings, particularly in electric vehicle systems.
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In April 2022, Phillips-Medisize, a Molex company, has collaborated with SOTECH Health to develop a breath sensor system that detects COVID-19 in less than 30 seconds. Phillips-Medisize will help with its human-centric product design, rapid prototyping, and end-to-end manufacturing expertise.
Segment Analysis
The Global Molded Interconnect Device Market has been segmented by Process and Geography. In the realm of Molded Interconnect Devices (MID), various manufacturing processes play crucial roles in integrating electronic functionalities into three-dimensional components. Two-shot molding is a process that involves injecting two different materials consecutively into a mold, allowing for the creation of complex parts with integrated circuitry. This method enables the production of MID components where different materials, such as thermoplastics and conductive materials, are molded together, facilitating precise placement of circuit traces and ensuring reliable electrical connectivity. Two-shot molding is favored for its efficiency in creating intricate designs and reducing assembly steps, thereby lowering production costs and improving overall component durability.
Laser Direct Structuring (LDS) represents another significant process in MID manufacturing, particularly suited for adding conductive patterns to plastic components. LDS involves using a laser to ablate a specialized additive that has been mixed into the plastic substrate. This additive, when activated by the laser, forms a conductive trace on the surface of the component. LDS is valued for its high precision and flexibility in creating complex circuit patterns directly on molded parts, without the need for additional assembly steps or soldering. This process is advantageous in applications requiring miniaturization and high-density circuitry, such as mobile devices, antennas, and automotive sensors, where space and weight constraints are critical factors.
Other processes in the MID domain include variants like insert molding and multi-material molding, each offering unique capabilities to meet specific design and functional requirements. Insert molding involves placing pre-fabricated metal or plastic inserts into the mold cavity before injecting the base material, enabling the integration of additional features or mechanical components into the MID structure. Multi-material molding extends this concept by allowing the simultaneous injection of multiple materials with varying properties, enhancing design flexibility and enabling the creation of components with diverse functionalities within a single manufacturing step.
Global Molded Interconnect Device Segment Analysis
In this report, the Global Molded Interconnect Device Market has been segmented by Process and Geography.
Global Molded Interconnect Device Market, Segmentation by Process
The Global Molded Interconnect Device Market has been segmented by Process into Two-Shot Molding, LDS and Others.
In the Global Molded Interconnect Device (MID) Market, segmentation by process highlights the diverse manufacturing techniques employed to integrate electronic circuits into three-dimensional plastic components. One prominent process is Two-shot molding, which involves injecting two different materials sequentially into a mold to create complex MID structures. This method allows for the integration of circuit traces within the plastic substrate, enhancing design flexibility and reducing assembly steps. Two-shot molding is favored for its ability to produce durable, compact components suitable for applications in automotive electronics, consumer goods, and medical devices, where space efficiency and reliability are crucial.
Laser Direct Structuring (LDS) is another significant process in MID manufacturing, enabling precise patterning of conductive traces on plastic parts using laser technology. LDS involves the application of a laser to activate a specialized additive within the plastic substrate, forming conductive paths directly on the component surface. This method is valued for its accuracy in creating intricate circuit designs without the need for additional assembly, making it ideal for applications requiring miniaturization and high-density interconnects. Industries such as telecommunications, aerospace, and wearable technology benefit from LDS for its ability to enhance product performance and reduce overall manufacturing complexity.
Other processes in the MID market include variants like insert molding and multi-material molding. Insert molding integrates pre-fabricated metal or plastic inserts into the mold cavity before injecting the base material, enabling the incorporation of mechanical components or additional features into MID designs. This process is advantageous in applications where robustness and multi-functionality are essential, such as automotive sensors and industrial equipment. Multi-material molding extends this capability by allowing simultaneous injection of multiple materials with varying properties, facilitating complex designs and functional integration in a single manufacturing step.
Global Molded Interconnect Device Market, Segmentation by Geography
In this report, the Global Molded Interconnect Device Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Molded Interconnect Device Market Share (%), by Geographical Region, 2024
The Global Molded Interconnect Device (MID) Market exhibits geographical segmentation that reflects varying trends and dynamics in the adoption and utilization of MID technology across different regions worldwide. North America holds a significant share in the MID market, driven by robust technological advancements and a strong presence of industries such as automotive, healthcare, and consumer electronics. The region's emphasis on innovation and early adoption of advanced manufacturing techniques, including Two-shot molding and Laser Direct Structuring (LDS), positions it at the forefront of MID applications. High demand for compact, multifunctional electronic components in sectors like automotive electronics, medical devices, and IoT devices further fuels market growth in North America.
Europe is another key region in the MID market, characterized by a robust automotive sector and stringent regulations driving the adoption of advanced electronics and connectivity solutions. Countries such as Germany, France, and the UK lead in technological innovation and industrial automation, fostering demand for MID technology in automotive lighting, smart packaging, and wearable devices. The region's focus on sustainable manufacturing practices and smart technology integration continues to propel the market for MID applications across various industries.
Asia-Pacific emerges as a rapidly growing market for MID technology, driven by expanding industrialization, increasing consumer electronics production, and rising investments in automotive electronics. Countries like China, Japan, South Korea, and Taiwan are major contributors to market growth, supported by a strong electronics manufacturing ecosystem and investments in 5G infrastructure development. The region's manufacturing prowess and adoption of advanced manufacturing processes contribute to the widespread adoption of MID solutions in smartphones, tablets, automotive components, and wearable devices.
Latin America and the Middle East & Africa (MEA) regions also present opportunities for MID market expansion, albeit to a lesser extent compared to other regions. These regions are witnessing increasing investments in infrastructure development, telecommunications, and healthcare, driving demand for advanced electronics and connectivity solutions. Government initiatives promoting industrial growth and technological advancement further support the adoption of MID technology in various applications across Latin America and MEA, contributing to market diversification and growth.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Molded Interconnect Device Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Miniaturization of electronics
- Integration of mechanical and electronic functionalities
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Advancements in materials and manufacturing processes - Advancements in materials and manufacturing processes have been pivotal in driving innovation and expanding the capabilities of Molded Interconnect Devices (MID), revolutionizing the way electronic components are designed, manufactured, and integrated into various applications.
One significant advancement lies in the development of specialized materials tailored for MID applications. Traditionally, MID components are manufactured using thermoplastics that can withstand the injection molding process while accommodating the integration of conductive traces. Recent advancements have introduced new polymer formulations with enhanced properties such as improved thermal stability, higher electrical conductivity, and better mechanical strength. These materials not only facilitate the reliable deposition of conductive tracks during manufacturing but also contribute to the overall durability and performance of MID components, meeting stringent requirements for automotive, aerospace, and medical device applications.
Advancements in additive manufacturing technologies have expanded the design flexibility and complexity of MID structures. Techniques such as 3D printing enable the rapid prototyping and production of MID components with intricate geometries and integrated functionalities. Additive manufacturing allows for on-demand production of customized MID designs, reducing time-to-market and facilitating rapid iteration and optimization of component designs based on specific application needs.
In parallel, improvements in laser processing technologies have significantly enhanced the precision and efficiency of creating conductive traces on MID components. Laser Direct Structuring (LDS) is a prime example where lasers are used to activate additives within the plastic substrate, forming conductive pathways without the need for additional assembly steps. Recent advancements in laser technology have enabled finer feature resolution, faster processing speeds, and increased throughput, making LDS suitable for high-volume manufacturing of complex MID designs used in telecommunications, consumer electronics, and automotive industries.
Restraints
- Complexity in design and manufacturing
- Limited material options for specific applications
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Challenges in scalability for mass production - Scalability for mass production poses significant challenges in the realm of Molded Interconnect Devices (MID), impacting the efficiency, cost-effectiveness, and reliability of manufacturing processes. Several key challenges need to be addressed to achieve scalable production of MID components:
The injection molding process used in MID manufacturing requires precise control over material flow, temperature, and pressure to ensure uniformity in component dimensions and electrical properties. Scaling production while maintaining consistent quality across large volumes demands advanced tooling designs, robust process monitoring, and stringent quality control measures to minimize variations and defects.
As MID technology evolves, selecting materials that meet performance requirements while being suitable for high-volume production becomes crucial. Ensuring adequate supply chain capabilities and material availability for mass production is essential. New materials must undergo rigorous testing and validation to ensure they meet industry standards for reliability, durability, and performance over extended use.
Achieving scalability in MID production involves standardizing manufacturing processes and optimizing workflow efficiencies. This includes defining clear process parameters, establishing best practices for tool maintenance and material handling, and implementing automation wherever feasible to reduce cycle times and enhance throughput.
Opportunities
- Increasing adoption of IoT and wearable devices
- Advancements in 5G technology
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Expansion in healthcare applications - Expansion in healthcare applications represents a significant growth opportunity for Molded Interconnect Devices (MID), driven by the increasing integration of electronics into medical devices and equipment. MID technology offers unique advantages that are well-suited to meet the stringent requirements of the healthcare industry, including miniaturization, integration of multiple functionalities, and enhanced reliability. Several key areas within healthcare are benefiting from the adoption of MID.
MID enables the miniaturization and integration of electronic components directly into medical devices such as diagnostic tools, patient monitoring systems, and wearable health trackers. By embedding sensors, antennas, and connectors into compact and durable plastic components, MID enhances the functionality and portability of medical devices, supporting real-time data monitoring and remote patient care.
The integration of MID technology in implantable medical devices, such as pacemakers, neurostimulators, and drug delivery systems, is advancing treatment options and patient outcomes. MID facilitates the creation of biocompatible components with intricate circuitry, enabling precise control and monitoring of therapeutic interventions while reducing device size and improving long-term reliability.
MID plays a crucial role in the development of lab-on-chip devices used for point-of-care diagnostics and biomedical research. By integrating microfluidic channels, electrodes, and optical components into single-use disposable cartridges, MID enhances the functionality and accuracy of diagnostic tests, supporting rapid disease detection and personalized healthcare solutions.
The COVID-19 pandemic has accelerated the adoption of telemedicine and remote monitoring solutions, driving demand for MID-enabled devices that support virtual consultations, home healthcare monitoring, and telehealth platforms. MID technology enables the development of compact, wireless-enabled devices that facilitate continuous monitoring of vital signs and health parameters, enhancing patient comfort and clinical efficiency.
Competitive Landscape Analysis
Key players in Global Molded Interconnect Device Market include :
- 2E mechatronic GmbH & Co. KG
- Arlington Plating Co.
- Cicor Technologies Ltd.
- HARTING Technology Group
- JOHNAN Corp.
- LPKF Laser & Electronics AG
- MID Solutions GmbH
- Multiple Dimensions AG
- S2P smart plastic product
- TactoTek Oy
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Process
- Market Snapshot, By Region
- Global Molded Interconnect Device Market Trends
- Drivers, Restraints and Opportunities
- Drivers
- Miniaturization of electronics
- Integration of mechanical and electronic functionalities
- Advancements in materials and manufacturing processes
- Restraints
- Complexity in design and manufacturing
- Limited material options for specific applications
- Challenges in scalability for mass production
- Opportunities
- Increasing adoption of IoT and wearable devices
- Advancements in 5G technology
- Expansion in healthcare applications
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Molded Interconnect Device Market, By Process, 2021 - 2031 (USD Million)
- Two-Shot Molding
- LDS
- Others
- Global Molded Interconnect Device Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Molded Interconnect Device Market, By Process, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 2E mechatronic GmbH & Co. KG
- Arlington Plating Co.
- Cicor Technologies Ltd.
- HARTING Technology Group
- JOHNAN Corp.
- LPKF Laser & Electronics AG
- MID Solutions GmbH
- Multiple Dimensions AG
- S2P smart plastic product
- TactoTek Oy
- Company Profiles
- Analyst Views
- Future Outlook of the Market