Global Lead Frame Market Share is Likely to Grow at a CAGR Value of 4.20% By 2028

16-Aug-2022 | Facts and Factors

According to Facts and Factors, the global lead frame market size was worth USD 4,528.50 million in 2021 and is estimated to grow to USD 5796.43 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.20% over the forecast period. The report analyzes the lead frame market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the lead frame market.

Global Lead Frame Market

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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. 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.

Browse the full “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" report at https://www.fnfresearch.com/lead-frame-market

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.

Global Lead Frame Market

Segmental Overview

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.

Regional Overview

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.

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

Purchase Options

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Key Players Insights

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. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

Key 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., and Micro-Electronics Technology Co., Ltd.

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
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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