NEW YORK, United States, March 15, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Lead Frame Market Size, Share, Growth Analysis Report By Product Type (Single-Layer, Dual-Layer and Multi-Layer), By Manufacturing Process (Photo Etching, Stamping, and Others), By End Use Industry (Consumer Electronics, Industrial & Commercial Electronics, Automotive and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Lead Frame Market size & share was valued at approximately USD 4528.50 million in 2021. The market is expected to grow above a CAGR of 4.20% and is anticipated to reach over USD 5796.43 million by 2028.”
The report analyzes the lead frame market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global market.
Lead Frame Market Overview:
An electrical connector, a lead frame, is constructed of a metal strip with two or more branches. These branches' ends are typically bent to connect with other connections, parts, and wires. This component is the base for mounting one or more electrical components using soldering or other attaching methods that enable simple removal when subsequent reuse is required. Many other names, including "lead frame" and "j-leads" (in Japan), are also used to refer to them.
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Benefits include: Ensuring the components of electrical equipment are strong and stiff. As they allow the miniaturization of highly dependable electrical equipment, lead frames play an important role in reducing product size and weight. Lead frames offer a well-defined technique for mounting a component on a printed circuit board (PCB) and allow for the rapid coupling of a component to other components in an electronic device.
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the updated report.
- About 229+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis
- Facts and Factors research methodology
Industry Growth Factors:
The global lead frame market is expanding due to increased end-user applications in consumer electronics, transportation, and healthcare sectors. Due to the tremendous growth in the use of lead frames for medical devices, demand for these materials has increased globally. Additional factors encouraging investments in product development and enhancing their value chain activities include increased production capacity from major manufacturers and actions done by governments worldwide. Due to their low production costs and superior performance compared to other materials like ceramic or plastic substrate-based substrates, lead frames increasingly demand integrated circuits and discrete device applications.
This will present significant opportunities for vendors over the ensuing years. Another key element boosting demand for lead frames from the automotive sector is the increasing integration of electrical devices or features in automobile vehicles. Many automakers are introducing vehicles with innovative technological systems to improve passenger and driver comfort as well as safety. As a result, there is a strong need for various electronic parts, propelling the target market forward. Furthermore, increased product and technological advancements such as the introduction of smart electronic products such as smart TV, smart lighting, smart home appliances, and many others are likely to drive the global lead frames market throughout the forecast period.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 4,528.50 Million |
| Projected Market Size in 2028 | USD 5796.43 Million |
| CAGR Growth Rate | 4.20% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Wasion Group Holdings Limited. Sumitomo Metal Mining Co., Ltd., Kangqiang Electronics Co., Ltd, Ningbo Kangqiang, Hitachi Cable, Ltd., and Micro-Electronics Technology Co., Ltd., and Others |
| Key Segment | By Product Type, Manufacturing Process, End Use Industry, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Key questions answered in this report:
- What is the size of the lead frame market and what is its expected growth rate?
- What are the primary driving factors that push the lead frame market forward?
- What are the lead frame Industry's top companies?
- What are the different categories that the lead frame Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the lead frame market sample report and company profiles?
Key Insights from Primary Research
- As per the analysis, the lead frame market share is likely to grow above a CAGR of around 4.20% between 2022 and 2028.
- The Lead Frame market size was worth around US$ 4528.50 million in 2021 and is estimated to hit approximately US$ 5796.43 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The demand for the increased operational effectiveness of admission procedures in educational institutions, which fuels the demand for scalability in large and small educational institutions, is the key factor influencing the lead frame market.
- By product type, the dual-layer category dominated the market in 2021.
- By end-use industry, the consumer electronics category dominated the market in 2021.
- Based on region, The Asia Pacific dominated the global lead frame market in 2021.
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Lead Frame Market: COVID-19 Impact Analysis
As a result of the necessary lockdowns and other restrictions imposed by the relevant regulatory organizations in the wake of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily stopped or are being carried out with a minimal staff. The lead frame business is anticipated to face severely negative revenue growth as other markets have in the past. Another aspect that could limit the global lead frame market's revenue growth during this projection period is the high installation and maintenance costs associated with these machines.
Segmentation Analysis:
The global lead frame market is segregated based on product type, manufacturing process, end-use industry, and region.
Based on product type, the market is segregated into single-layer, dual-layer and multi-layer. In 2021, the dual-layer segment dominated the global lead frame. Based on the manufacturing process, the market is segregated into photo etching, stamping and others. In 2021, the stamping category dominated the global lead frame.
Based on the end-use industry, the market is segmented into consumer electronics, industrial & commercial electronics, automotive and others. In 2021, the consumer electronics segment will dominate the global lead frame.
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Regional Analysis:
- The Asia Pacific dominated the lead frame market
The global lead frame market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific dominated the global lead frame market in 2021. Over the predicted period, it is anticipated that the lead frame market in the Asia Pacific will grow quickly. It is projected that the Asia-Pacific region, which includes China, Japan, and Korea, will see strong demand and contribute significantly to the global market due to the wide diversity of electronic manufacturing techniques.
China is the largest market for memory packing in the Asia-Pacific region and the origin of a wide range of consumer electronics, the most common ones used in tablets and smartphones. The widespread use of smartphones in many Asia-Pacific countries can be attributed to their advanced features and posh appeal. The best possible use of space for smartphones is made possible by lead frame technology, which is a crucial factor in the market's growth.
Competitive Players
The report contains qualitative and quantitative research on the global Lead Frame Market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global lead frame market include;
- Wasion Group Holdings Limited.
- Sumitomo Metal Mining Co.Ltd.
- Kangqiang Electronics Co.Ltd
- Ningbo Kangqiang
- Hitachi Cable Ltd.
- Micro-Electronics Technology Co.Ltd.
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The global lead frame market is segmented as follows:
By Product Type
- Single-Layer
- Dual-Layer
- Multi-Layer
By Manufacturing Process
- Photo etching
- Stamping
- Others
By End Use Industry
- Consumer Electronics
- Industrial & Commercial Electronics
- Automotive
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product Type, Manufacturing Process, End Use Industry, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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