PUBLISHER: KBV Research | PRODUCT CODE: 1871367
PUBLISHER: KBV Research | PRODUCT CODE: 1871367
The Asia Pacific LCP Based Molded Interconnect Devices Market would witness market growth of 17.5% CAGR during the forecast period (2025-2032).
The China market dominated the Asia Pacific LCP Based Molded Interconnect Devices Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $347.2 million by 2032. The Japan market is registering a CAGR of 16.6% during (2025 - 2032). Additionally, The India market would showcase a CAGR of 18.7% during (2025 - 2032). The China and Japan led the Asia Pacific LCP Based Molded Interconnect Devices Market by Country with a market share of 44.4% and 17.2% in 2024.The Singapore market is expected to witness a CAGR of 19.7% during throughout the forecast period.
The Asia Pacific region has become a major center for molded interconnect devices (MIDs) based on LCP. This is because it has a strong electronics manufacturing base, a high demand for consumer electronics, and ecosystems in the automotive and telecom industries. Additive metallization and two-shot molding were used to make the first MID devices, but LCP made it possible to make them more precise, more resistant to heat, and to add circuitry to complex shapes. Regional OEMs and suppliers worked together on micro-injection molding, laser activation, and plating methods, going from making prototypes to making small amounts of products. Today, Asia Pacific is the leader in both consumption and innovation, providing MID modules, design tools, and process knowledge to the rest of the world.
LCP parts are becoming more popular in mobile communications and antennas, automotive electronics, and sensor modules. They make things lighter, combine wiring, and can handle tough conditions. The area also focuses on localized design frameworks, MID libraries, and ecosystem development to help OEMs who don't have a lot of experience adopt the technology. To get the best cost, yield, and responsiveness, leading companies work together vertically, co-develop with domestic OEMs, offer localized support, and scale up production. There is a lot of competition, but it is divided into levels. The biggest companies win by having more resources, better processes, and better designs. Smaller companies fill in the gaps or focus on specific regions.
Product Outlook
Based on Process, the market is segmented into Laser Direct Structuring (LDS), Two-Shot Molding, and Other Process. Based on Product, the market is segmented into Antennas, Connectors & Interconnects, Sensor Housings, and Other Product. With a compound annual growth rate (CAGR) of 15.2% over the projection period, the Antennas Market, dominate the China LCP Based Molded Interconnect Devices Market by Product in 2024 and would be a prominent market until 2032. The Sensor Housings market is expected to witness a CAGR of 16.6% during (2025 - 2032).
Process Outlook
The Laser Direct Structuring (LDS) market segment dominated the Singapore LCP Based Molded Interconnect Devices Market by Process is expected to grow at a CAGR of 19.1 % during the forecast period thereby continuing its dominance until 2032. Also, The Two-Shot Molding market is anticipated to grow as a CAGR of 20.1 % during the forecast period during (2025 - 2032).
Country Outlook
China is the leader in LCP-based molded interconnect devices (MIDs) in the Asia-Pacific region. This is because it has a large electronics manufacturing ecosystem, a well-developed polymer and laser infrastructure, and strong domestic demand for smartphones, IoT, cars, and telecom. Government policies that support adding value locally and developing semiconductors speed up adoption even more. Laser Direct Structuring (LDS) is the most popular method for making high-precision, miniaturized interconnects. MID integration started out focusing on high-end products like 5G antennas, sensors, wearables, and automotive modules. As economies of scale and process maturity improve, it is expected to grow. Local PCB and flex circuit makers, as well as partnerships between polymer, laser, and OEM companies, improve the skills of local companies. China is the regional leader in LCP-based MID adoption because it has a deep supply chain, a lot of technical know-how, and a lot of demand.
List of Key Companies Profiled
Asia Pacific LCP Based Molded Interconnect Devices Market Report Segmentation
By Process
By Product
By End Use
By Country