The global chip mounter market has shown robust growth, driven by the increasing consumer dependence on technology and the rising automation of everyday tasks. According to a new report by Expert Market Research, the market reached a significant value of USD 4.73 billion in 2023. Chip mounters, also known as pick-and-place machines, play a critical role in the electronics manufacturing process by precisely placing semiconductor devices onto printed circuit boards (PCBs). This technology is indispensable in the production of various consumer electronics, automotive components, and industrial devices, all of which are seeing escalating demand.
The adoption of chip mounters is propelled by the growing trend towards miniaturization in electronic devices, requiring high precision and efficiency in component placement. The rise of the Internet of Things (IoT), smart homes, and wearable technology further fuels the demand for advanced chip mounters, as these applications require compact and reliable electronic assemblies. Additionally, the automotive sector’s shift towards electric and autonomous vehicles necessitates sophisticated electronics, thereby driving market growth.
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Technological advancements in chip mounter design, including increased automation, higher placement speeds, and improved accuracy, are enhancing their adoption across various industries. Manufacturers are investing in research and development to introduce innovative features such as real-time monitoring, artificial intelligence integration, and flexible production capabilities, making chip mounters more versatile and efficient. These advancements not only improve the production throughput but also reduce operational costs and errors, providing a competitive edge to manufacturers.
The market is also supported by favorable government initiatives aimed at boosting the electronics manufacturing sector. For instance, several countries are implementing policies to promote local manufacturing and reduce dependence on imports, which is likely to increase the demand for chip mounters. Furthermore, the ongoing trade tensions and supply chain disruptions have underscored the need for localized production, further driving the market for these machines.
Despite the promising growth trajectory, the chip mounter market faces challenges such as high initial investment costs and the complexity of integrating these machines into existing production lines. However, the long-term benefits of increased efficiency, reduced labor costs, and higher production quality make chip mounters a worthwhile investment for manufacturers.
Looking ahead, the global chip mounter market is projected to grow at a compound annual growth rate (CAGR) of 4.80% between 2024 and 2032, reaching a value of USD 6.27 billion by 2032. This growth is expected to be driven by continuous technological advancements, rising consumer demand for high-tech electronic devices, and the expanding application areas of chip mounters. The future of the chip mounter market appears promising, with substantial opportunities for innovation and expansion across various industry sectors.
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Chip Mounter 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
