Chip Mounters Market Size, Share, Growth, and Industry Analysis, By Type (Surface mount technology (SMT) equipment and through hole technology (THT) equipment), by application (consumer electronics, medical, automotive, telecommunications equipment) and regional forecast to 2033

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CHIP MOUNTERS MARKET REPORT OVERVIEW

The global Chip Mounters Market stood at USD 4.36 Billion in 2024 and is set to rise to USD 4.53 Billion in 2025, maintaining a strong growth trajectory to reach USD 6.2 Billion by 2033, at a CAGR of 3.9%.

Chip mounters can also be called as “pick and place machines”. These machines hold an important place in electronics manufacturing. They do the function of placing surface-mount devices upon printed circuit board. This work is done fast and accurately due to chip mounters. They’re used in assembly line in manufacturing units of various electronic devices. It automates precise placement of small electronic components such as capacitors and resistors. Now, as the use of artificial intelligence and machine learning is increasing in chip mounter market just as everywhere, the efficiency has improved and cost of production is reduced.

COVID-19 IMPACT

"Disrupted chip mounters market and accelerated automation"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

In the beginning of the COVID-19 pandemic, the lockdown caused supply chain disruptions in the electronic manufacturing industry around the world. It caused delays in manufacturing, resulting into reduced production and supply shortage. There was increase in demand for consumer electronics such as laptop and gaming consoles. Which positively affected the chip mounters market. On the other hand, limited spending and slowdown in automobile industry, reduced demand for automotive electronics. This impacted the chip mounters market negatively.

LATEST TRENDS

"Increasing Use Of AI & ML, And Technological Advancements Are Transforming Chip Mounters Into ""Enhanced Precision To Propel The Market Growth"

Artificial intelligence and machine learning id starting to integrate with the electronics manufacturing industry. Its becoming easier to analyze the vast amount of data and do placements of components on PCBs faster. The IoT technology is being adopted in the industry which makes it easy for devices to communicate and share data around the production system. These advancements and adoptions have made the whole process faster and enhanced the accuracy.

CHIP MOUTERS MARKET SEGMENTATION

By Type

Based on type the global market can be segmented into Surface Mount Technology (SMT) Equipment and Through hole technology (THT) Equipment

• Surface Mount Technology (SMT) Equipment: used to place surface mount devices on the surface of printed circuit boards with accuracy and speed.

• Through hole technology (THT) Equipment: used in inserting components with leads in drilled holes on printed circuit boards and soldering them in place

By Deployment

Based on application the global market can be segmented into Consumer Electronics, Medical, Automotive, Telecommunications Equipment and Others

• Consumer electronics: products such as smartphones, laptops and tablets

• Medical: electronic devices used for medical diagnosis, treatments and monitoring. MRI machines, patient monitors and wearable health devices are a few examples

• Automotive: systems used in vehicles such as advanced driver assistance systems

• Telecommunications equipment: hardware used for communication network as routers and switches

• Others: industrial machinery, defense and aerospace electronics and more

DRIVING FACTORS

"Demand rising for consumer electronics is creating need for efficient chip mounters"

The demand for digital devices is seen to be rising constantly leading to a rise in chip mounters market share. It includes smartphones, laptops, tablets and other wearable devices. This is boosting the demand for efficient chip mounters in the market as they play a significant role in meeting the high manufacturing volume requirements.

"Advancements in automotive electronics drive demand for chip mounters "

The automotive industry is increasing due to growing urbanization and increasing affordability. Especially electric vehicles and automatic vehicles are in demand. They use advanced electronic systems. It has also raised demand for chip mounters market growth as it can handle complex electronic manufacturing procedures which are much needed.

RESTRAINING FACTORS

"Interruptions in supply chain restrain chip mounters market"

Disruptions in supply chain due to any reason can cause a severe challenge for the chip mounter market. They hamper the manufacturing and shipment of raw materials. It causes delayed deliveries and increased costs. These disruptions can affect efficiency of the chip mounter market.

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CHIP MOUNTERS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia-Pacific dominates the market due to strong electronics manufacturing industry"

The countries these companies are leading the electronic manufacturing and supply end of the system. Few of the major electronics companies are in Asian-Pacific region. The tax incentives, subsidies and easier regulations are implemented in these countries and it helps to attract investors. The population in this region is also more and there exists a skilled and cost-efficient workforce, leading the region towards global dominance. The companies are continuously investing in research and development, keeping them ahead in technological innovations.

KEY INDUSTRY PLAYERS

"Continuous innovation and new technology adoption are sustaining leadership in chip mounter market"

The key players have focused and invested in research and development. By bringing up new technology and updating previous ones with time has kept them up in the market. Evolving and as per the requirements and enhancing their products with precision and speed has helped to sustain their position. They keep integrating their products with advanced manufacturing systems and new technologies to meet the ever changing needs of the modern market.

List of Top Chip Mounters Companies

• ASM Pacific Technology (China)
• Fuji Machine Mfg (Japan)
• Yamaha Motor (Japan)
• JUKI (Japan)
• Hanwha Precision Machinery (South Korea)
• Panasonic (Japan)
• Mycronic (Sweden)
• Assembleon (K&S) (Netherlands)
• ITW EAE (US)
• Universal Instruments (US)
• Europlacer (France)
• Mirae (South Korea)
• BTU (US)
• Versatec (US)
• Evest Corporation (Taiwan)
• Autotronik (Germany)
• DDM Novastar (US)
• GKG (Singapore)

INDUSTRIAL DEVELOPMENT

March 2024: Hanwha Techwin Automation Americas is Hanwha Precision Machinery’s North America branch office. It has announced that it’s XM520 high-speed dual lane chip mounter has won the 2024 NPI Award in Component Placement- high speed category. It has excellent flexibility and compatibility with other manufacturing surroundings, which makes it supportive to large board applications and integration.

REPORT COVERAGE

The report gives a comprehensive analysis of the global Chip Mounters Market. It gives insights on the market size, projects growth and industrial trends from the year 2023 to 2023, while highlighting the expected growth and high CAGR. It provides segmentation wise analysis, showing that the market is segmented by type and by application into further segments. The impact of COVID-19 is also explained in detail including short term effects and long-term changes that happened. The key market players, dominating region and the reason for dominance are detailed, the recent developments and trends are also listed. Overall, the report provides an overview of the chip mounters market that is well explained and structured.