Chip Mounter Market Trends, Revenue, Scope, Growth Drivers, Key Players, Opportunities, Challenges and Future Competition Till 2032: SPER Market Research

Published: Apr-2023

Author: SPER Analysis Team

TABLE OF CONTENT

RESEARCH METHODOLOGY

Chip Mounter Market Trends, Revenue, Scope, Growth Drivers, Key Players, Opportunities, Challenges and Future Competition Till 2032: SPER Market Research

Global Chip Mounter Market is projected to be worth USD 11.14 billion by 2033 and is anticipated to surge at a CAGR of 5.79%.

A chip mounter, also known as a pick-and-place machine, is an electronic device used to insert surface-mount devices (SMDs) onto printed circuit boards (PCBs). The chip mounter business is a subset of the electronics manufacturing industry that has seen tremendous expansion in recent years as demand for smaller, more powerful electronic devices has increased. A combination of factors, including the proliferation of smart devices and the Internet of Things (IoT), necessitate the use of smaller and more complicated electrical components, are driving the chip mounter industry.

Global Chip Mounter Market Driving Factors and Challenges

Several main reasons have contributed to the tremendous rise of the global chip mounter industry in recent years. The increasing desire for smaller, more powerful electronic devices, such as smartphones, tablets, and wearables, is one of the primary drivers of growth. This need has necessitated the development of more modern production methods, such as the use of more complicated and precise chip mounters.

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The advancement of 5G technology, as well as the increased usage of artificial intelligence and machine learning in electronics production, have all contributed to the expansion of the global chip mounter market. While the chip mounter business has grown rapidly in recent years, it is not without obstacles. One of the most significant issues is the rising complexity of electronic components, which has necessitated the development of increasingly advanced and precise chip mounters. Smaller businesses have found it challenging to compete in the market since they may lack the finances to invest in cutting-edge technologies.

As a result, advanced software solutions and machine learning algorithms are required to optimise production processes. Furthermore, the global chip mounter market is very competitive, with numerous major firms competing for market share, making it difficult for smaller enterprises to penetrate.

Impact of COVID-19 on Global Chip Mounter Market

The pandemic of COVID-19 has had a severe influence on the global chip mounter market. The epidemic impacted worldwide supply lines, resulting in electronic component shortages and manufacturing delays. As a result, demand for chip mounters fell as manufacturers were obliged to curtail production capacity. Furthermore, the pandemic reduced consumer spending, notably in the automotive and consumer electronics industries, both of which are important markets for chip mounters. As a result, demand for chip mounters fell, leading the market to decline.

Chip Mounter Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ASM Pacific Technology, Canon, Essemtech, Hitachi, Juki, Nordson, Ohashi Engineering, Panasonic, Samsung, Sony

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Global Chip Mounter Market Segmentation:

By Technology: Based on the Technology, Global Chip Mounter Market is segmented as; Hole Technology, Surface Mount Technology, Fine Pitch Technology.

By Application: Based on the Application, Global Chip Mounter Market is segmented as; Consumer Electronics, Medical, Automotive, Telecommunication, Others.

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.