Lead Frame Market Size
It is estimated, the size of the Global Lead Frame Market will showcase a CAGR of 15.3% from 2019 to 2025.
The strong demand for consumer electronics globally is a major factor fuelling the growth of the global market. Increasing usage of tablets, smartphones, and laptops comprising integrated circuit packaging have improved the demand for the lead frame in the global market. Growing penetration of smartphones and tablets is mainly seen among the young population. In addition, the increasing need for miniaturization of portable and hand-held devices is another circumstance driving the growth of the global market. Furthermore, meaningful growth of the LED packaging industry is another factor favouring the growth of the lead frame market, along with the improved use of LED across various end-user industries like backlighting, automotive and many more.
Increasing urbanization and increasing developments of electronic gadgets are circumstances expected to create lucrative growth possibilities for players in the world market.
The opportunity for the global lead frame market lies in rapidly developing consumer electronics and telecommunications. Growing urban population, rising per capita expenditure and better-quality lifestyle anticipations of a middle-income population group are anticipated to be the key factor, depending on which global market to unfold huge opportunity and growth.
However, the availability of substitutes in the market is a factor limiting growth. Delamination and pop-corning are defects in a combined circuit lead frame package but their particular effect on the package varies significantly.
The Research Report segments the Global Lead Frame Market into the following sub-segments:
Lead Frame Market Analysis - By Manufacturing Process:
Lead Frame Market Analysis - By Layer:
- Single Layer
Lead Frame Market Analysis - By Application:
- Consumer Electronics Equipment
- Commercial Electronic Devices
- Industrial Electronic Equipment
Lead Frame Market Analysis - By Region:
- North America - US, Canada, Mexico and Rest of North America
- Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
- APAC - India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
- Latin America - Brazil, Argentina, Chile and Rest of Latin America
- Middle East and Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
The Asia-Pacific region is expected to be an important market in terms of volume and value of the global market. It is expected that the lead frame market in Asia Pacific will grow rapidly during the forecast period. Due to the wide range of electronic manufacturing practices, it is expected that strong demand in the Asia-Pacific region, including China, Japan and Korea, contributing significantly to the world market.
China is the largest memory packaging market in the Asia-Pacific region and is a market for various consumer electronic products, mainly mainstream applications in tablets and smartphones. The high rate of adoption of smart phones in many countries in Asia Pacific is due to its advanced features and to its elegant aesthetic appearance of this smartphone. Lead frame technology provides an efficient use of space for smartphones, which is an important factor in the growth of this market.
North American is expected to be a leading market in the world market for derivative products, including lead frame, dominated by a large rapidly growing consumer base. It is also expected that Europe will contribute significantly to the growth of lead frame applications, especially in the manufacturing practices of automation and industrial automation equipment. It is expected that the Middle East and Africa will show a slow growth during the forecast period.
Some of the Prominent Companies leading the Global Lead Frame Market Profiled in the Report are:
- Wasion Group Holdings Limited
- Kangqiang Electronics Co., Ltd
- Sumitomo Metal Mining Co., Ltd
- Mitsui High-tec, Inc.
- Hitachi Cable, Ltd
- KitsudaSdn. Bhd
- Veco B.V
- SHINKO ELECTRIC INDUSTRIES CO., LTD
- STATS ChipPAC Ltd
- Amkor Technology