Chip Mounter Market Growth and Share 2023, Scope, Emerging Trends, Key Players, Challenges, Business Opportunities and Forecast 2033: SPER Market Research
A chip mounter, also known as a pick-and-place machine, is a piece of electrical equipment used to install surface-mount devices (SMDs) on printed circuit boards (PCBs). The chip mounter sector is a component of the electronics manufacturing industry that has seen remarkable growth in recent years due to rising demand for smaller, more powerful electronic gadgets. The chip mounter sector is being driven by a number of causes, including the proliferation of smart devices and the Internet of Things (IoT), which entail the usage of smaller and more sophisticated electrical components.
According to SPER market research, ‘Chip Mounter Market Size– By Technology, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Chip Mounter Market is predicted to reach USD 11.14 billion by 2033 with a CAGR of 5.79%.
Several major factors have contributed to the global chip mounter industry’s meteoric rise in recent years. One of the key drivers of growth is the growing need for smaller, more powerful electronic devices such as smartphones, tablets, and wearables. Because of this requirement, more current production processes, such as the use of more complicated and precise chip mounters, have been developed.
The progress of 5G technology, as well as the rising use of artificial intelligence and machine learning in electronics manufacturing, have all aided in the growth of the global chip mounter market.
While the chip mounter industry has expanded quickly in recent years, it is not without challenges. The increasing complexity of electronic components has prompted the creation of increasingly advanced and precise chip mounters, which is one of the most critical difficulties. Smaller firms have found it difficult to compete in the market since they may lack the financial resources to invest in cutting-edge technology.
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 COVID-19 pandemic has had a significant impact on the global chip mounter industry. The outbreak disrupted global supply chains, causing electronic component shortages and production delays. As a result, chip mounter demand plummeted as manufacturers were forced to reduce production capacity. Furthermore, the pandemic affected consumer spending, particularly in the automotive and consumer electronics industries, which are also major markets for chip mounters. As a result, demand for chip mounters decreased, causing the market to contract.
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Chip Mounter Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
Geographically, the global chip mounter market is a global one, with key regions including Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is the largest market for chip mounters, driven by the presence of major electronics manufacturers and rising demand for consumer electronics in countries such as China, Japan, and South Korea. North America and Europe are also significant markets, with strong demand from the automotive, aerospace, and defense sectors. The Row market is expected to grow in the coming years, driven by increasing investment in infrastructure and manufacturing in emerging economies such as Brazil, India, and South Africa. Additionally, some of the market key players are: ASM Pacific Technology, Canon, Essemtech, Hitachi, Juki, Nordson, Ohashi Engineering, Panasonic, Samsung, Sony.
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.
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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