Lead Frame Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[229+ Pages Report] 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.

Market Overview

A metal strip with two or more branches is the basis for the electrical connector known as a lead frame. Normally, these branches' ends are bent to connect with other connections, components, and wires. This part is the foundation for mounting one or more electrical components on it using soldering or other attaching techniques that allow for easy removal if subsequent reuse is necessary. A variety also knows them by other names, such as "lead frame" and "j-leads" (in Japan). Benefits include: Ensuring that electrical equipment's parts are rigid and sturdy. Lead frames significantly lower product size and weight because they enable the miniaturization of highly reliable electrical devices.

Lead frames provide a well-defined method for mounting the component in a printed circuit board (PCB) and facilitate the quick connection of a component to other components in an electronic device. The growing need for electronics and electrical in consumer electronics drives the lead frame industry. The increasing use of equipment in daily life is likely to increase consumer electronics demand, which is anticipated to fuel the global lead frame market.

COVID-19 Impact:

Due to mandatory lockdowns and other restrictions set by the relevant regulating bodies in the wake of the recent COVID-19 outbreak, the activities of various industries have either been temporarily suspended or are running with small personnel. Similar to other markets, the lead frame industry is expected to experience severely negative revenue growth due to this aspect. Throughout this forecast period, the high costs connected with these machines' installation and maintenance are another factor that might restrain the global lead frame market's revenue growth.

Key Insights

• As per the analysis shared by our research analyst, the global lead frame market value is expected to grow at a CAGR of 4.20% over the forecast period.
• In terms of revenue, the global lead frame market size was valued at around USD 4,528.50 million in 2021 and is projected to reach USD 5796.43 million by 2028.
• 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.
• The Asia Pacific dominated the global lead frame market in 2021.

Growth Drivers

• Rising demand in the automotive industry to drive market growth

Another significant aspect boosting demand for lead frames from the automotive sector is the growing integration of electronic components or functions in automotive vehicles. Many automakers are introducing vehicles with cutting-edge technological technologies to improve safety and passenger comfort. Due to the increased need for various electrical components, the target market is expanding. Furthermore, the growing demand for the shrinking portable and handheld devices propels the global market forward. Increasing urbanization and the advancement of electronic gadgets will likely generate attractive growth opportunities for global market participants.

Restraints

• The decreased growth of the automotive industry may hinder the market growth

The automotive industry's sluggish growth will probably make it more difficult for the market to grow throughout the foreseeable future. Another issue limiting expansion is the presence of alternatives in the market.

Growth Opportunities

• Rising demand for consumer electronics to drive market growth

The constantly expanding consumer electronics and telecommunications industries present a market potential for the global lead frame market. Growing urban populations, rising per capita spending, and middle-income demographic groups' expectations of higher quality lifestyles are the major factors determining whether the global lead frame market presents an enormous opportunity for growth.

Segmentation Analysis

The global lead frame market has been segmented into product type, manufacturing process, and end-use industry.

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. Due to the widespread usage of dual-layer lead frames in electronics assembly, the segment is expected to rise during the forecast period. In addition, the dual-layer lead frame electronic components facilitate the production of items with original or vintage designs. As a result, the segment's growth will increase even faster throughout the predicted period.

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. Using a stamping technique, metal sheets are bent into shapes that can be utilized for various purposes to create a lead frame. Stamping presses and dies are used to create specific configurations that permit handling and other processing processes like plating, solder dipping, etc. Lead frame manufacture can be done quickly, with reduced material use, and with the option to make product design changes thanks to the stamping process.

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 because cellphones are becoming more widely used worldwide, and people's purchasing power has increased, especially in developed economies. In the digital era, it is projected that increased internet usage, the rollout of 5G, the growth of mobile commerce, an increase in disposable income, and a shift in lifestyle will further boost smartphone adoption and sales globally. The anticipated increase in smartphone sales will provide a strong opportunity for lead frame makers worldwide.

Report Scope

Regional Landscape

• The Asia Pacific dominated the lead frame market in 2021

The lead frame market in the Asia Pacific is anticipated to expand quickly over the projected period. Due to the wide variety of electronic manufacturing techniques, it is anticipated that the Asia-Pacific region, including China, Japan, and Korea, would see strong demand and contribute considerably to the global market. In the Asia-Pacific area, China is the largest market for memory packing and is home to a wide range of consumer electronics, primarily commonplace ones found in tablets and smartphones. The high smartphone adoption rate in many Asia-Pacific nations results from the device's sophisticated functions and upscale aesthetic design. Lead frame technology allows for the optimal use of space for smartphones, which is a key component in the market's expansion.

Competitive Landscape

Key players within 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.

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