Insulated Metal Substrates Market Size Report, Share, Industry Analysis, Growth, 2023 - 2030

Insulated Metal Substrates Industry Perspective:    

The global insulated metal substrates market size was evaluated at $769.41 million in 2022 and is slated to hit $1,247.46 million by the end of 2030 with a CAGR of nearly 6.15% between 2023 and 2030.

Request Free Sample

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The insulated metal substrate market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the insulated metal substrate industry report explores the investor and stakeholder space to help companies make data-driven decisions.

Insulated Metal Substrates Market: Overview

An insulated metal substrate is a PCB (Printed circuit Board) that is built on a metal plate made up of aluminum on which a particular kind of prepreg is applied. Reportedly, the key qualities of prepreg are its outstanding capacity for heat dissipation and high dielectric strength against high voltages. Moreover, large-scale use of insulated metal substrates in power electronics, LEDs, solid-state relays, and automotive will enhance the demand for insulated metal substrates. In addition to this, the large-scale use of the product in voltage regulators, equalizers, amplifiers, and motors has enhanced the popularity of insulated metal substrates. Furthermore, insulated metal substrates are utilized for capturing and transferring heat from various components.

Key Insights

• As per the analysis shared by our research analyst, the global insulated metal substrates market is projected to expand annually at the annual growth rate of around 6.15% over the forecast timespan (2023-2030)
• In terms of revenue, the global insulated metal substrates market size was evaluated at nearly $769.41 million in 2022 and is expected to reach $1,247.46 million by 2030.
• The global insulated metal substrate market is anticipated to record massive growth over the forecast period owing to the humungous demand for greater dielectric strength in high-voltage applications.
• In terms of type, the copper-based segment is slated to register the fastest CAGR over the analysis period.
• On the basis of application, the LED lighting segment is slated to dominate the segmental surge over the forecast period.
• Region-wise, the European insulated metal substrates market is projected to register the fastest CAGR during the assessment timeline.

Request Free Sample

Insulated Metal Substrates Market: Growth Factors

Escalating need for heat dissipation in high-volt applications to drive the global market trends

The massive need for greater dielectric strength in high-voltage applications will prompt the expansion of the insulated metal substrates market across the globe. Huge demand for electronic equipment has led to a rise in product penetration in electronic equipment, thereby increasing the heat-dissipating abilities of the equipment. This has promoted the growth of the market across the globe. New product launches will steer the growth of the global market. For instance, in May 2022, Heraeus Electronics, a key player in the electronics packaging & component sector, launched a novel Condura®. ultra Ag free AMB Substrate.

Moreover, it is cost-efficient and reliable and helps in effectively bonding silicon nitride-based ceramics and copper foils. Such moves are likely to boost the demand for insulated metal substrates in various end-use sectors in the ensuing years. In December 2017, GaN Systems, the key player in the power semiconductors industry, launched a novel high-power insulated metal substrate evaluation tool, which offers a low-priced, flexible, and high-powered tool for highly efficient power systems. The move is predicted to embellish the expansion of the global market.

Insulated Metal Substrates Market: Restraints

Growing complicatedness witnessed in the insulated metal substrate structure can hamper the global industry expansion

Rising costs of insulated metal substrates and the complexity of the structure can put brakes on the global insulated metal substrates industry. Apart from this, mechanical issues in some settings such as vibrations can hinder global industry trends.

Insulated Metal Substrates Market: Opportunities

Huge penetration of the product in a slew of end-use sectors to generate new opportunities for growth for the global market

A surge in the thermal conductivity and large-scale use of insulated metal substrates as structural support in many end-use applications will open new growth opportunities for the global insulated metal substrates market. Apart from this, favorable product features such as enhanced fire resistance, massive electromagnetic shield, and SMD component-friendly features will create new growth dimensions for the global market.

Insulated Metal Substrates Market: Challenges

Restricted use of products in high-frequency functions can be a challenging task in the growth of the industry across the globe

Rising fragility and huge expenses can prove to be a big challenge in the growth of the global insulated metal substrates industry. Moreover, for very high-frequency operations, the insulated metal substrate solutions are not sufficient and this can further prove to be detrimental in the path of industry growth across the globe.

Insulated Metal Substrates Market: Segmentation

The global insulated metal substrates market is sectored into type, application, and region.

In type terms, the global insulated metal substrates market is segregated into copper-based, steel-based, and aluminum-based segments. In addition to this, the copper-based segment, which accumulated more than two-thirds of the global market share in 2022, is predicted to record the highest CAGR in the forecast timespan. The growth of the segment in the coming years can be attributed to its large-scale demand for copper material in manufacturing insulated metal substrates. Apart from this, the growing need for transporting electricity and reducing stress in composites will drive segmental growth.

On the basis of the application, the insulated metal substrates industry across the globe is sectored into LED lighting, LCD display backlighting, LED display, power electronics, automotive electronics, switches & semiconductor relays, and others segments. Furthermore, the LED lighting segment, which gained a huge share of the global industry in 2022, is expected to lead the application space in the foreseeable future. The segmental surge in the forecast timespan can be subject to a rise in the penetration of insulated metal substrates in LED lighting applications. An increase in the use of aluminum-based insulated metal substrates in LED lighting applications for improving its performance will boost the segmental surge.

Insulated Metal Substrates Market: Report Scope

Insulated Metal Substrates Market: Regional Insights

North America to establish its domination in the global market over 2023-2030

North America, which accounted for more than 40% of the global insulated metal substrates market revenue in 2022, is anticipated to record notable growth over the assessment timeline. The market expansion in the region over the analysis period can be subject to an increase in the number of key market players establishing their production units in the countries such as Canada and the U.S. for expanding their product manufacturing capacities. Apart from this, growing product use in the consumer electronics sector in the countries such as the U.S. will boost the regional market trends.

Furthermore, the insulated metal substrates industry in Europe is expected to register the fastest CAGR in the assessment timeframe. The key growth driving factors of the industry in the continent include a prominent increment in laminate providers for insulated metal substrates in Europe. In addition to this, easy availability of raw materials at cost-effective rates has further boosted the growth of the industry in the region. A large-scale establishment of key vendors and manufacturers has further added to the regional industry growth.

Insulated Metal Substrates Market: Competitive Space

The global insulated metal substrates market profiles key players such as:

• RISOH
• AT&S
• NRK
• NCAB Group
• Bergquist
• NHK
• ECM Group
• WurthElektronik GmbH
• Arlon
• Ventec
• Denka
• TCLAD Inc.
• CML
• Aismalibar
• Technoboards KRONACH GmbH
• Guangdong CH Laminates Technology Corp Ltd
• Laird
• DK-Daleba
• PragoBoard s.r.o.
• Segue Electronics
• Sumatomo Bakelite.

The global insulated metal substrates market is segmented as follows:

By Type

• Copper-Based
• Steel-Based
• Aluminum-Based

By Application

• LED Lighting
• LCD Display Backlighting
• LED Display
• Power Electronics
• Automotive Electronics
• Switches & Semiconductor Relays
•  Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa