According to a new report by Expert Market Research titled, “Global Chip Mounter Market Share, Size, Report and Forecast 2024-2032″, the global chip mounter market reached a value of USD 4.73 billion in 2023. Aided by rising consumer dependence on technology and increasing automation of everyday tasks, the market is projected to further grow at a CAGR of 4.80% between 2024 and 2032 to reach a value of USD 6.27 billion by 2032.
Chip mounters, also commonly referred to as pick and place machines, are fundamental to modern electronic assembly lines. These machines are designed to place Surface Mount Devices (SMDs) onto printed circuit boards (PCBs). As electronics keep shrinking and consumers demand smaller, yet more powerful devices, chip mounters have become indispensable for their precision, efficiency, and speed.
One of the prime factors for the chip mounter market growth is the accelerating expansion of the consumer electronics sector. As consumers worldwide increasingly rely on smartphones, smartwatches, fitness trackers, and other intelligent devices, the need for efficient chip mounting solutions has amplified. These solutions are critical in ensuring device performance, reliability, and durability.
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Furthermore, advancements in automotive electronics, with the rise of electric vehicles and autonomous driving technology, are propelling the chip mounter market demand. Today’s vehicles are embedded with numerous electronic components – from infotainment systems to advanced driver-assistance systems (ADAS), and each requires precision in chip mounting for optimal functionality.
The chip mounter market analysis reveals that the market is not only driven by demand but also by consistent technological innovations. Manufacturers are always in the pursuit of enhancing the speed, precision, and flexibility of their machines to cater to a broader array of PCB designs and SMDs. The integration of Artificial Intelligence (AI) and Machine Learning (ML) into chip mounting operations has enabled manufacturers to achieve enhanced accuracy and reduce manual errors.
The leading players operating in the market are focusing on creating more localised supply chains and diversifying their sourcing. The chip mounter market size is expected to grow, but sustainability and adaptability will play a decisive role. As the world moves towards a more connected era, with the Internet of Things (IoT) and 5G technology becoming more prevalent, the market for chip mounters must brace itself for even higher demand, making innovations and sustainable practices an absolute necessity for growth.
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Market Segmentation
The market can be divided based on technology, application, and region.
Market Breakup by Technology
• Hole Technology
• Surface Mount Technology
• Fine Pitch Technology
Market Breakup by Application
• Consumer Electronics
• Medical
• Automotive
• Telecommunication
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chip mounter market. Some of the major players explored in the report by Expert Market Research are as follows:
• Hanwha Group.
• JUKI Corporation
• Others
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