Lead Frame Market is Evolving with High Growth Rate of CAGR 3.7 % by 2026

The global lead frame market is estimated to value US$ 2.5 Bn in 2017 and is projected to register a CAGR of 3.7% in terms of value during the forecast period 2017–2026. Lead frames are one of the most important component parts of discrete and IC devices, which provide electrical interconnection to board, heat dissipation for IC devices and mechanical support for device and package. Quality of a lead frame plays a major role during integrated circuit packaging as it can risk the performance and reliability of IC chip. Increasing usage of technology in healthcare, pharmaceuticals, and automobile industry is a factor expected to drive growth of the global market over the forecast period. Technological advancements in semiconductor industry is another factor expected to fuel growth of the global market in the near future.

The global lead frame market has been segmented on the basis of type, application and region. The type segment includes single layer lead frame, dual layer lead frame, and multi-layer lead frame. The dual layer lead frame segment accounted for highest revenue share contribution in 2016, as compared to other type segments. The application segment includes consumer electronics equipment, commercial electronics equipment, industrial electronics equipment, and others.  The consumer electronics equipment segment is projected to account for highest revenue share as compared to that of other application segments.

Based on type, the global lead frame market is segmented into single layer lead frame, dual layer lead frame, and multi-layer lead frame. The dual layer lead frame segment in the global lead frame market is estimated to be valued at US$ 953.9 Mn in 2017.

Based on application, consumer electronics equipment, commercial electronics equipment, industrial electronics equipment, and others. The consumer electronics equipment segment in the global lead frame market is estimated to be valued at US$ 818.7 Mn in 2017.

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Based on the region, the market is segmented into North America, North America, Europe, China, Japan, Southeast Asia, and India.  The market in China is estimated to account for highest share in terms of revenue over the forecast period, owing to increasing number of consumer electronics manufacturing units in the country coupled with rising penetration of smartphones and tablets. The market in China is estimated to be followed by markets in Southeast Asia and Japan. The markets in respective region/country is expected to be driven by increasing advancements in semiconductor packaging and miniaturization of portable and handheld devices.

Based on the region, the target market is segmented into North America, North America, Europe, China, Japan, Southeast Asia, and India. Revenue from the lead frame market in China is estimated to be valued at US$ 1,001.5 Mn in 2017.

Key players operating in the global stairlift market include Precision Micro Ltd., Sumitomo Corporation, Hitachi, Ltd., ENOMOTO Co., Ltd., STATS ChipPAC Pte. Ltd., Mitsui High-tec, Inc., Shinko Electric Industries Co., Ltd., Amkor Technology Inc., Stork Veco B.V., and Ningbo Hualong Electronics Co., Ltd.

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