LED Mounter Market Size, Share, Growth, And Industry Analysis, By Type (Traditional Guideway Type, Linear Motor Type and Others), By Application (Agricultural Lighting, LED Light and Others), Regional Forecast To 2031

LED Mounter Market Report Overview

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The global LED mounter market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

During the production process, an LED mounter is a tool used to precisely and quickly attach LED components to printed circuit boards (PCBs). It plays a crucial role in the creation of LED lighting goods including screens, strips, and lights. A mixture of mechanical, electronic, and visual sensors are used by the mounter to accurately position single LED chips or surface-mount LEDs onto the PB. The LED element is then fixed in place using soldering process soldering after the machine administers a little quantity of solder paste to the PCB.

Due to the rising demand for LED lighting items across a number of industries, including automobile, aviation, and domestic lighting, the mounter industry is increasing. LEDs provide quick and precise assembly of LED parts, cutting down on production time and expense. The market for the mounters is expanding due to developments in LED technology as well as the rising demand for energy-efficient lighting choices. Further increasing the need for LED lighting goods and LED mounters are government measures that encourage the installation of energy-efficient light sources as well as the rising popularity of home automation and loT gadgets.

COVID-19 Impact: Multiple Challenges Imposed by the Pandemic Caused Lack of Demand for the LEDs

The pandemic has hampered worldwide supply chains, which has delayed and affected the manufacturing of LED mounters and other electrical industrial machinery as well as their distribution. Further affecting the market, travel limitations and social segregation policies have made it challenging for companies to set up and operate the mounters. However, once the epidemic recedes and normal business operations resume, the LED market is anticipated to rebound. The market is anticipated to increase in the post-pandemic era due to the emphasis placed on energy-efficient light sources, the growing demands for LED lighting goods across a wide range of sectors, and the ongoing technical advances in the mounters.

Latest Trends

"Incorporation of New Technologies in the Mounters to Optimise the Production Process"

The most recent development in the market for LEDs is the incorporation of cutting-edge innovations such as artificial intelligence (AI), machine learning (ML), and the internet of things (loT) into LED mounter equipment. To increase their effectiveness, precision, and performance, these innovations are being included into the mounters. As an illustration, consider how Al and ML algorithms are used in mounter to analyze and optimize the production process, raise the caliber of the final product, and lower waste. In order to facilitate distant inspection and repair, a loT connection is also being incorporated into mounters that can assist with reducing downtime and boost productivity.

LED Mounter Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Traditional Guideway Type, Linear Motor Type and Others

• By Application Analysis

Based on application, the market can be divided into Agricultural Lighting, LED Light and Others

Driving Factors

"Growing Requirement for Energy-Efficient Lighting Options is Driving the LED Industry"

The need for energy-efficient lighting options including LED lighting is being driven by the growing emphasis on environmental sustainability and energy efficiency. Compared to conventional lighting sources such as incandescent and neon lights, LED lighting has a number of advantages, including lower energy usage, a higher life expectancy, and less upkeep. The market for LED mounters is expanding as a result of the rising demand for LED lighting goods, as LED mounters are necessary for the effective and precise manufacture of LED lighting items.

"Increasing Adoption of Automation in Manufacturing Process to Increase Output"

The sector is expanding as a result of production processes adopting automation progressively. These largely automated mounters provide improved accuracy, efficiency, and velocity during the process of manufacturing, lowering labour expenses while increasing output. The production industry's embrace of automation is anticipated to keep driving the LED market's expansion.

Restraining Factors

"High Costs of the Mounter Equipment is Holding Back the Market Expansion"

The massive prices of the mounter equipment is one of the things holding back the LED mounter market growth. The exorbitant cost of these Mounters, which are intricate and highly specialized devices that demand significant capital investment, may prevent small and medium-sized producers from entering the market. Another problem is that due to technology advances taking place so quickly in the LED sector, equipment can easily become out-of-date, forcing producers to make new equipment investments to stay competitive. This might place a heavy financial strain on producers.

LED Mounter Market Regional Insights

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"Asia Pacific Dominated the Market due to the Presence Major Producers of Electrical Parts "

The LED mounter market share was dominated by Asia Pacific. As multiple prominent competitors are present in nations including Japan, China, Taiwan and South Korea, the region holds the highest percentage of the market. These nations are important producers of electrical parts and LED lighting, and the nation's popularity for these items has fueled the expansion of the mounter industry. Also, the Asia Pacific electronics sector's quick technical progress has resulted in the creation of sophisticated mounter equipment, which improve production process precision, speed, and versatility.

Key Industry Players

"Key Players Focus on R&D and Acquisitions to Gain a Competitive Advantage"

Market participants for LED mounters are adopting a number of actions to grow their share of the market. In order to create cutting-edge mounter systems that provide better precision, adaptability, and efficiency, LED makers are heavily spending on research and development. These producers hope to set themself apart from their rivals and increase their share of the market by offering quality products. In order to diversify their product offers and capacities, the producers are also buying up other LED-related businesses. Manufacturers can broaden their consumer base and provide a greater choice of goods and services by purchasing other businesses.

LIST OF TOP LED MOUNTER COMPANIES

• Oubel (China)
• Nexstar Technology (U.S.)
• Signking Automation Co.,Ltd (China)
• 1Clicksmt (China)
• Juki Americas (Japan)
• Shenzhen Eton Automation Equipment Co.,Ltd. (China)

Report Coverage

This report covers the LED mounter market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.