REPORT HIGHLIGHT
Insulated Metal Substrates Market size was valued at USD 810.6 Million in 2022, expanding at a CAGR of 6.3% from 2023 to 2030.
A form of printed circuit board (PCB) called an insulated metal substrate is constructed using a metallic support plate or metal. The material or plate is incorporated into or added to the circuit board as its thick inner layer or foundation. The material is integrated primarily to improve the circuit board's mechanical and thermal qualities.
Insulated Metal Substrates Market - Market Dynamics:
- The increasing automotive sector drives market expansion
- The increasing automotive sector is expected to drive market growth during the forecast period as the use of cutting-edge electronics and electric drivetrains in the automotive sector is growing. IMS PCBs are used in automotive control units, battery management systems, and electric vehicle components to regulate heat in high-power applications. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2022, China's Motor Vehicle Production was reported to be 27,020,615.000 units. This is an increase over the prior figure of 26,121,712.000 units for December 2021. Thereby, driving the market growth.
Insulated Metal Substrates Market - Key Insights:
- As per the analysis shared by our research analyst, the global Insulated Metal Substrates market is estimated to grow annually at a CAGR of around 6.3% over the forecast period (2023-2030).
- The Insulated Metal Substrates industry is projected to grow at a significant rate due to the growing automotive sector and rapid development in 5G infrastructures.
- Based on the type, the copper-based segment is expected to grow at the highest rate over the forecast period.
- Based on the application, LED lighting is expected to hold a significant market share over the forecast period.
- Based on region, the Asia Pacific is expected to hold the largest market share during the forecast period.
Insulated Metal Substrates Market- Segmentation Analysis:
- The Global Insulated Metal Substrates Market is segmented based on type, application, and region.
- Based on the type, the global market is segmented into copper-based, steel-based, and aluminium-based. The copper-based segment is expected to grow at the highest rate over the forecast period. The market segment will increase in the upcoming years due to the substantial demand for copper material used in the production of insulated metal substrates. In addition, the increasing need for power transportation and stress reduction in composites will fuel segment expansion.
- Based on the application, the market segment is segmented into LED lighting, LCD backlighting, LED display, power electronics, automotive electronics, switches & semiconductor relays, and others. LED lighting is expected to hold a significant market share over the forecast period. Increased penetration of insulated metal substrates in LED lighting applications may contribute to the segmental increase in the anticipated timeframe. The segmental boom will be boosted by an expansion in the usage of insulated metal substrates made of aluminium in LED lighting applications.
Insulated Metal Substrates Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to hold the largest market share over the forecast period. The growth in the region is owing to the increasing consumer electronics demand and the growth in the automotive sector. On the other hand, North America is expected to hold a significant market share over the forecast period. As more major market players set up production facilities in nations like Canada and the United States to enhance their product manufacturing capacity, the market might expand in the area over the projected period. In addition, increasing product usage in the consumer electronics industry in nations like the U.S. will support regional market trends.
Insulated Metal Substrates Market- Competitive Landscape:
To remain competitive in the market the key players adopted various strategies including product launches, acquisitions, partnerships, agreements and others. The key players are RISOH, AT&S, NRK, NCAB Group, Bergquist, NHK, ECM Group, WurthElektronik GmbH, Arlon, Ventec, Denka, TCLAD Inc., CML, Aismalibar, Technoboards KRONACH GmbH, Guangdong CH Laminates Technology Corp Ltd, Laird, DK-Daleba, PragoBoard s.r.o., Segue Electronics, and Sumatomo Bakelite.
Recent Developments:
In May 2022, the debut of Heraeus Electronics' innovative Condura®.ultra Ag free AMB Substrate was announced. Condura®, a silicon-nitride-based ceramic that is bondable with copper foils, is made possible by an Ag-free, extremely dependable AMB substrate. High performance Si3N4 substrates were made possible by a unique approach called ultra that makes use of innovative, Ag-free active metal brazing (AMB) bonding technology.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL INSULATED METAL SUBSTRATES MARKET KEY PLAYERS
- NCAB Group
- AT&S
- WurthElektronik GmbH
- RISOH
- Bergquist
- NHK
- ECM Group
- NRK
- Arlon
- Ventec
- Denka
- TCLAD Inc.
- CML
- Aismalibar
- Technoboards KRONACH GmbH
- Guangdong CH Laminates Technology Corp Ltd
- Laird
- DK-Daleba
GLOBAL INSULATED METAL SUBSTRATES MARKET, BY TYPE
- Copper-Based
- Steel-Based
- Aluminum-Based
GLOBAL INSULATED METAL SUBSTRATES MARKET, BY APPLICATION
- LED Lighting
- LCD Display Backlighting
- LED Display
- Power Electronics
- Automotive Electronics
- Switches & Semiconductor Relays
- Others
GLOBAL INSULATED METAL SUBSTRATES MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA