The Latest research study released by Absolute Markets Insights Lead Frame Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.Global lead frame market was valued at US$ 3,653.9 Mn in 2022 and is anticipated to grow at a CAGR of 3.6% during the forecast period to reach a value of US$ 5,014.7 Mn by 2030. Some of the Major Companies covered in this Research are: Dynacraft Industries Sdn. Bhd., Enomoto Co.,Ltd., LG Innotek, Mitsui High-tec, Inc., Ningbo Hualong Electronics Co.,Ltd., Ningbo Kangqiang Electronics Co., Ltd., Possehl Electronics Deutschland GmbH, Precision Micro Ltd., SDI Group, Inc., Shinko Electric Industries Co., Ltd., Stats ChipPAC Pte. Ltd, Veco B.V among others.
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Global Lead Frame Market:
- By Type
- By Manufacturing Process
- By Industry Verticals
- Consumer Electronics
- Industrial and Commercial Electronics
- By Region
- North America
- Rest of North America
- The U.K
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of Middle East Africa
- Latin America
- Rest of Latin America
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Lead frame is a narrow and thin layer of metal connecting small electrical terminals on the surface of a semiconductor material to electrical devices and circuit board. In general, lead frame is ubiquitous in integrated circuit (IC)/ semiconductor packaging. In IC packaging, a silicon chip is placed on a lead frame and the chip is connected to it through wires. Finally, the chip and lead frame is covered with plastic. This type of IC packaging is a low cost packaging process for ICs. IC packaging through lead frame is economical, which is driving the sale of lead frames as demand for IC packaging increases.
Lead frame are manufactured through stamping/ precision-die stamping and etched/ chemical etching process. In the global lead frame market, stamping lead frame manufacturing process holds a larger market share and is anticipated to retain its position during the forecast period. On the other hand, etched lead frame manufacturing process is anticipated to grow faster than stamping manufacturing process during the forecast period. For example, Japan based global lead frame manufacturer, Shinko Electric Industries Co., Ltd. informed in their Business Report 2019, that their revenue from sale of etched lead frame increased with rise in demand from smartphone and automobile segment, on the contrary revenue from sale of stamping lead frame decreased. Thus, it is anticipated that global etched lead frame market to grow faster than global stamping lead frame market.
In global lead frame market, stamping manufacturing process is followed when there is a high volume production of lead frames and etched manufacturing process is followed when the volume of lead frame production ranges between low to medium. Lead frame are manufactured on assembly machines in long strips. Lead frame manufacturing process consist of tooling, stamping/ etching, plating and downset and cutting. The cost associated with tooling process is the main function in the overall lead frame production cost. Etched or chemical etching process is a digital process with a virtual tooling equipment. Thus, fragile and complex design lead frame are more economically manufactured through chemical etching process. With rise in demand for more complex design lead frame, adoption of etched or chemical etching manufacturing process is anticipated to increase among global lead frame manufacturers over the forecast period.
Asia Pacific is the largest lead frame market in the world followed by North America and Europe. Among Asia Pacific countries, China is the largest lead frame market. China is the largest automotive and consumer electronics market in the world. As per International Trade Administration (ITA), U.S. Department of Commerce China is anticipated to manufacturer 30.0 million vehicles by 2020 and production of vehicles is anticipated to rise to 35.0 million vehicles by 2025. In terms of electric vehicles, China is also the largest manufacturer and purchaser of electric vehicles. Thus, rise in production of internal combustion engine (ICE) vehicles along with electric vehicles are driving the sale of lead frame in China. In North America, the U.S. is the largest lead frame market. The U.S. has one of the highest smartphone penetration in the world. In the U.S., the rise in sale of smartphone is driving the demand for lead frame.
The report also includes trends in lead frame market in global, regional and country levels, Porter Five Force Analysis, Value Chain Analysis of global lead frame market from raw material suppliers, manufacturers till distribution channel, Key Market Indicators, global market outlook, Export Import data, country-wise lead frame brand analysis along with consumer behavior in each country, macro-economic factors, micro-economic factors, etc. The report also include market attractiveness analysis in terms of market opportunity analysis and CAGR (Compounded Annual Growth Rate) at country level, regional level and global level.
Lead Frame Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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