NEW
YORK, May 6, 2024 /PRNewswire/ -- The
global chip mounter market size is estimated to
grow by USD 1.34 billion from
2023 to 2027, according to Technavio. The market is estimated to
grow at a CAGR of 4.95% during the forecast period.
To understand more about this market
- Download a FREE Sample
Report
Attribute
|
Details
|
Base Year
|
2022
|
Forecast
period
|
2023-2027
|
Historic Data
for
|
2017 - 2021
|
Segments
Covered
|
Technology (SMT and THT
) and Application (Communications, Computers, Consumer electronics,
Automotive, and Other applications )
|
Key Companies
Covered
|
ASM Pacific Technology
Ltd., Autotronik SMT GmbH, Canon Inc., DDM Novastar Inc., Essemtec
AG, Europlacer Ltd., FAROAD, FUJI Corp., Hanwha Corp., Juki Corp.,
Kulicke and Soffa Industries Inc., Manncorp Inc., Nitto Denko
Corp., Nordson Corp., Ohashi Engineering Co. Ltd., Panasonic
Holdings Corp., Shenzhen Langke Automation Equipment Co. Ltd.,
Wenzhou Zhengbang Electronic Equipment Co. Ltd., Yamaha Motor Co.
Ltd., and Zhejiang NeoDen Technology Co. Ltd.
|
Regions
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Region Outlook
- APAC
- North America
- Europe
- South America
- Middle East & Africa
1. APAC - APAC is estimated to
contribute 47%. to the growth of the global market. The
Chip Mounter Market report forecasts market growth by revenue at
global, regional & country levels from 2017 to 2027. This
growth is attributed to high demand for chip mounters in countries
like China, India, Japan,
Taiwan, and South Korea, primarily due to increased
production of electronic devices and industrial machinery.
- Rapid industrialization, especially in automotive, electrical,
and aerospace sectors, coupled with competitive manufacturing
costs, further boosts market growth. APAC is emerging as a major
manufacturing hub for consumer electronics, with countries like
Taiwan, China, Japan,
South Korea, and India hosting large electronic manufacturing
companies.
- The trend towards miniaturization of electronic products also
drives demand for chip mounters in the region. Notably,
Taiwan, Japan, and China are home to numerous PCB manufacturers
and assemblers, witnessing strong revenue growth due to expanding
operations to meet demand from smartphone and consumer electronics
manufacturers.
For more insights on APAC's significant
contribution along with the market share of rest of the regions and
countries - Download a FREE Sample
Segmentation Overview
- Technology
- Application
- 2.1 Communications
- 2.2 Computers
- 2.3 Consumer electronics
- 2.4 Automotive
- 2.5 Other applications
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 SMT: The Surface Mount Technology (SMT) segment
saw steady growth from 2017 to 2021, reaching a value of
USD 3,974.49 million. Chip mounters
are crucial in SMT-based PCB production due to their high-speed
component placement capabilities. This technology is increasingly
favored by electronic product manufacturers for its efficiency. The
demand for chip mounters is further fueled by the need for smaller
electronic devices like smart wearables, phones, and MP3
players.
- These devices require precise placement of components on
compact PCBs. With electronic components shrinking, advanced ICs
with submicronic features as small as 0.8 microns have emerged.
Manual mounting procedures for mass production are error-prone in
such cases, making chip mounters indispensable. As a result, the
SMT segment is expected to continue growing in the forecast period,
driven by the demand for chip mounters in the production of
miniaturized electronic devices.
Get a glance at the market contribution of rest
of the segments - Download a FREE Sample Report in
minutes!
Research Analysis
The Chip Mounter Market encompasses a broad spectrum of
industries and technologies. From integrated circuits to
telecommunications equipment, this market thrives on innovation and
efficiency. Chip mounters, also known as pick-and-place machines,
play a crucial role in the production of various electronic
devices, including laptops, LED televisions, and smartwatches. With
the proliferation of wearable technology and the Internet of Things
(IoT), demand for chip mounters is steadily increasing.
Companies like Mycronic and Wistron are at the forefront of
developing advanced chip mounting solutions, incorporating features
such as position recognition systems and circuit board conveyance
systems. These systems enable high-speed chip shooting and precise
placement of surface-mount devices.
In addition to traditional applications in the
telecommunications and automotive sectors, chip mounters are also
finding new opportunities in emerging industries like electric
vehicles and smart clothing. Start-up enterprises, in particular,
are leveraging chip mounting technology to bring innovative
products to market quickly and efficiently.
As the demand for smaller, faster, and more energy-efficient
electronic devices continues to grow, the chip mounter market is
poised for significant expansion. With ongoing advancements in Fine
Pitch Technology and Hole Technology, chip mounters are becoming
increasingly indispensable in the production of modern
electronics.
Market Overview
The chip mounter market is experiencing growth driven by
industries like automotive, aerospace, and electronics. These
machines efficiently place resistors, capacitors, and
semiconductors onto printed circuit boards for LED TVs, mobile
screens, and more. With fully automatic operation, they streamline
production in e-commerce environments. Through Hole Technology
(THT) and Surface Mount Technology (SMT) equipment ensure precise
component placement.
Chip feeders and position recognition systems enhance accuracy,
while circuit board conveyance systems optimize workflow. Vendor
evaluation methodologies help companies select the best equipment
providers. Product announcements drive market excitement, catering
to the evolving needs of industries such as automotive, aerospace,
and military. In this dynamic landscape, chip mounters play a
pivotal role, ensuring efficient production and quality assembly
across various sectors.
Start exploring market insights
by Download a FREE Sample Report in minutes!
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/chip-mounter-market-47-of-growth-to-originate-from-apac-technavio-302136415.html
SOURCE Technavio