According to a new market report by Lucintel, the future of the global lead frame market looks promising with opportunities in the consumer electronics, industrial, and automotive industries. The global lead frame market is expected to decline in 2020 due to global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 4% from 2020 to 2025. The major growth drivers for this market are the strong demand for consumer electronics and increasing use of technology in healthcare, pharmaceutical, and industrial automation.
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In this market, single-layer, dual-layer, and multi-layer are three types of lead frames used. Lucintel forecasts that duel-layer will remain the largest segment over the forecast period.
Within this market, the automotive segment is expected to witness the highest growth over the forecast period due to increasing usage of automotive integrated circuits (ICs) in automobiles.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth of the consumer electroncis and automotive industies.
Wasion Group, Kangqiang Electronics, Ningbo Kangqiang, Sumitomo Metal Mining, Hitachi Cable, and Micro-Electronics Technology, are among the major manufacturers of the global lead frame market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global lead frame market by product type, manufacturing process, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Lead Frame Market” 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global lead frame market by product type, manufacturing process, end use Industry, region, as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Single-Layer
Dual-Layer
Multi-Layer
By Manufacturing Process [$M shipment analysis for 2014 – 2025]:
Photo etching
Stamping
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Industrial & Commercial Electronics
Automotive
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.