Chip Mounter Market size to grow by USD 1.34 billion from 2022 to 2027; The increasing demand for PCBs to drive the growth- Technavio

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- The chip mounter market is expected to grow by USD 1.34 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 4.95% during the forecast period. The market is segmented by technology (SMT and THT), application (communications, computers, consumer electronics, automotive, and other applications), and geography  (APAC, Europe, North America, South America, and the Middle East and Africa). The increasing demand for PCBs is a key factor driving market growth. The demand for Printed Circuit Boards (PCBs) has surged owing to their utilization in the production of electronic devices like communication devices, consumer electronics, computers, and micro-electromechanical systems. Global demand for PCBs is further escalating with the widespread adoption of communication equipment, including mobile and feature phones, and the rising sales of consumer electronics.

For additional data on Market Size (2017) Historic Year, Market Size - Forecasted Year, Historic Opportunity (2017-2021), Historic CAGR, Forecasted Opportunity (2023-2027), Market Opportunity Transformation Growth, and Market Opportunity Capitalization. View Free PDF Sample Report

Key Highlights:

• The report recognizes the following as some of the key players in the chip mounter market: 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.
• Chip Mounter Market is fragmented in nature.
• Market to observe 4.62% YOY growth in 2023.

Market Dynamics:

Major Trend

• The increasing demand for 5G chipsets is a major trend in the market. 
• High-frequency broadband capacity and ultra-low latency are among the advantages of 5G technology, driving advancements in industrial internet, AR/VR, cloud gaming, and real-time computing.
• Integrated 5G chipsets enhance data processing and transfer speeds, achieving rates ten times faster than 4G.

Significant Challenge

• The technical challenges in manufacturing high-quality chip mounters is a significant challenge restricting market growth. 
• The necessity for miniaturization has compelled chip mounters to work with reduced component spacing on PCBs, potentially leading to operational errors.
• Equipment customization and problems related to improper component placement can adversely impact the operational efficiency of end-users.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

The market share growth by the SMT segment will be significant during the forecast period.  As components can be placed at a very high rate, chip mounters are widely used in the manufacture of PCBs based on SMT. Owing to such high-scale production capabilities, electronic product manufacturers are increasingly adopting chip mounters in SMT-based PCB manufacturing.  Advanced ICs integrated with submicron features of less than 0.8 microns have developed as a result of the growing miniaturization of electronic components.

In the realm of electronic manufacturing, the Chip Mounter Market is pivotal, particularly within Surface Mount Technology (SMT). As a cornerstone in the semiconductor industry, these advanced machines, like pick and place machines, are integral to assembling Printed Circuit Boards (PCBs). They epitomize the fusion of high-speed chip placement with precision, essential for dealing with fine pitch components and high-density interconnects (HDI).

These SMT equipment, central to automated production lines, leverage robotics, machine vision, and soldering technology for efficient component mounting. The integration of Industry 4.0 and IoT enhances production efficiency, enabling smart manufacturing. Modern chip mounters cater to the demands of miniaturization and 3D packaging, offering compact and multi-functional solutions, crucial in the era of advanced packaging and inline production.

The industrial machinery remanufacturing market size is estimated to grow at a CAGR of 18.54% between 2023 and 2028. The market size is forecast to increase by USD 482.43 billion. 

The metal cutting tools market size is estimated to grow at a CAGR of 5.86% between 2023 and 2028. The market size is forecast to increase by USD 7.26 billion.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Technology

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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: [email protected]
Website: www.technavio.com

SOURCE Technavio

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