NEW YORK , Feb. 24, 2023 /PRNewswire/ -- According to Technavio, the global chip mounter market size is estimated to grow by USD 1,342.18 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.95% during the forecast period. APAC will account for 47% of the market's growth. Manufacturing industries are increasingly adopting Industry 4.0 architecture to gain competitive advantages and streamline the production process. Industry 4.0, or the fourth industrial revolution focuses on integrating cyber-physical systems in manufacturing processes. This is promoting the use of automated systems in designing, fabrication, production, assembling, and packaging.
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Chip Mounter Market – Market Dynamics
Leading trends influencing the market
There is a rising demand for flexible chip mounters with advanced features in the global market. For instance, in May 2022 , Yamaha Motor Co. Ltd (Yamaha Motors) showcased its One-Stop Smart Solution, which is ready to power high-speed, high-quality intelligent manufacturing. This was done by the robotics section inside Yamaha Motors using surface mount technologies for building the PCBs at SMT connect 2022.
The advances in features and technologies enable vendors to efficiently address the requirements of end-users and, consequently, increase the adoption of chip mounters by electronic component and equipment manufacturers.
Factors like these are expected to drive the growth of the market in focus during the forecast period.
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Major challenges hindering the market growth
Chip mounters are highly priced and require a significant initial one-time investment because they use sophisticated sensors and technologies.
For instance, a fully automatic benchtop pick-and-place system can cost about USD 35,000 , whereas a fully automatic standalone or modular pick-and-place system can cost about USD 100,000 .
The prices of chip mounters are usually high, and the prices may go up due to customization based on industry and operational requirements.
The growing propensity among end-users to rent or lease chip mounters or purchase refurbished products from the secondary market is hampering new product sales in the global chip mounter market. This is expected to limit the growth of the market in focus during the forecast period.
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Chip Mounter Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on type, Technology (SMT and THT), Application (Communications, Computers, Consumer electronics, Automotive, and Other applications), and Geography (APAC, Europe , North America , South America , and Middle East and Africa ).
The SMT segment will account for a significant share of the market's growth during the forecast period. Owing to its high-scale production capabilities, electronic product manufacturers are increasingly adopting chip mounters in SMT-based PCB manufacturing. Furthermore, the growing demand for miniaturized electronic devices like smart wearable devices, mobile phones, and MP3 players, and high precision placement of small components on compact PCBs used in such miniaturized devices are boosting the demand for the use of chip mounters in the SMT segment.
Geography Overview By geography, the global chip mounter market is segmented into APAC, Europe , North America , South America , and Middle East and Africa . The report provides actionable insights and estimates the contribution of all regions to the growth of the global chip mounter market.
APAC is estimated to account for 47% of the growth of the global market during the forecast period. The rapid industrialization and significant production of consumer electronics, automobiles, and industrial machinery in many countries in the region are driving the demand for chip mounters among electronic equipment and PCB manufacturers. This is fueling the growth of the global chip mounter market. APAC also has the presence of some of the prominent vendors that offer chip mounters like Nitto Denko Corp (NITTO DENKO ), JUKI Corp (Juki), and Yamaha Motor Co., Ltd. (Yamaha). the increasing demand for HDI PCBs is fueling the sales of chip mounters in Europe .
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What are the key data covered in this Chip Mounter Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Chip Mounter Market between 2023 and 2027
Precise estimation of the size of the Chip Mounter Market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Chip Mounter Market industry across APAC, Europe , North America , South America , and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Chip Mounter Market vendors
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The thin film chip resistors market is projected to grow by USD 629.45 million with a CAGR of 6.61% during the forecast period 2021 to 2026. The growth of data center infrastructure is one of the key factors driving the thin film chip resistors market growth.
Accelerate at a CAGR of 4.95%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, Japan, India, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
ASM Pacific Technology Ltd., Autotronik SMT GmbH, Canon Inc., DDM Novastar Inc., Essemtec AG, Europlacer Ltd., FAROAD, FUJI Corp., Hanwha Corp., Juki Corp., Kulicke and Soffa Industries Inc., Manncorp Inc., Nitto Denko Corp., Nordson Corp., Ohashi Engineering Co. Ltd., Panasonic Holdings Corp., Shenzhen Langke Automation Equipment Co. Ltd., Wenzhou Zhengbang Electronic Equipment Co. Ltd., Yamaha Motor Co. Ltd., and Zhejiang NeoDen Technology Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
Exhibit 12: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4.1 Global chip mounter market 2017 - 2021
Exhibit 18: Historic Market Size – Data Table on Global chip mounter market 2017 - 2021 ($ million)
Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)
Exhibit 32: Chart on Comparison by Technology
Exhibit 33: Data Table on Comparison by Technology
6.3 SMT - Market size and forecast 2022-2027
Exhibit 34: Chart on SMT - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on SMT - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on SMT - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on SMT - Year-over-year growth 2022-2027 (%)
6.4 THT - Market size and forecast 2022-2027
Exhibit 38: Chart on THT - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on THT - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on THT - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on THT - Year-over-year growth 2022-2027 (%)
Exhibit 42: Market opportunity by Technology ($ million)
Exhibit 43: Chart on Application - Market share 2022-2027 (%)
Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
Exhibit 45: Chart on Comparison by Application
Exhibit 46: Data Table on Comparison by Application
7.3 Communications - Market size and forecast 2022-2027
Exhibit 47: Chart on Communications - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Communications - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Communications - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Communications - Year-over-year growth 2022-2027 (%)
7.4 Computers - Market size and forecast 2022-2027
Exhibit 51: Chart on Computers - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Computers - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Computers - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Computers - Year-over-year growth 2022-2027 (%)
7.5 Consumer electronics - Market size and forecast 2022-2027
Exhibit 55: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
7.6 Automotive - Market size and forecast 2022-2027
Exhibit 59: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
7.7 Other applications - Market size and forecast 2022-2027
Exhibit 63: Chart on Other applications - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Other applications - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Other applications - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Other applications - Year-over-year growth 2022-2027 (%)
Exhibit 67: Market opportunity by Application ($ million)
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 India - Market size and forecast 2022-2027
Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
Exhibit 113: Market opportunity by geography ($ million)
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
Exhibit 116: Overview on factors of disruption
Exhibit 117: Impact of key risks on business
Exhibit 119: Matrix on vendor position and classification
Exhibit 120: ASM Pacific Technology Ltd. - Overview
Exhibit 121: ASM Pacific Technology Ltd. - Business segments
Exhibit 122: ASM Pacific Technology Ltd. - Key offerings
Exhibit 123: ASM Pacific Technology Ltd. - Segment focus
Exhibit 124: Autotronik SMT GmbH - Overview
Exhibit 125: Autotronik SMT GmbH - Product / Service
Exhibit 126: Autotronik SMT GmbH - Key offerings
Exhibit 127: Essemtec AG - Overview
Exhibit 128: Essemtec AG - Product / Service
Exhibit 129: Essemtec AG - Key offerings
Exhibit 131: FAROAD - Product / Service
Exhibit 132: FAROAD - Key offerings
Exhibit 133: FUJI Corp. - Overview
Exhibit 134: FUJI Corp. - Business segments
Exhibit 135: FUJI Corp. - Key offerings
Exhibit 136: FUJI Corp. - Segment focus
Exhibit 137: Hanwha Corp. - Overview
Exhibit 138: Hanwha Corp. - Product / Service
Exhibit 139: Hanwha Corp. - Key news
Exhibit 140: Hanwha Corp. - Key offerings
Exhibit 141: Juki Corp. - Overview
Exhibit 142: Juki Corp. - Business segments
Exhibit 143: Juki Corp. - Key offerings
Exhibit 144: Juki Corp.- Segment focus
12.10 Kulicke and Soffa Industries Inc.
Exhibit 145: Kulicke and Soffa Industries Inc. - Overview
Exhibit 146: Kulicke and Soffa Industries Inc. - Business segments
Exhibit 147: Kulicke and Soffa Industries Inc. - Key offerings
Exhibit 148: Kulicke and Soffa Industries Inc. - Segment focus
Exhibit 149: Manncorp Inc. - Overview
Exhibit 150: Manncorp Inc. - Product / Service
Exhibit 151: Manncorp Inc. - Key offerings
Exhibit 152: Nitto Denko Corp. - Overview
Exhibit 153: Nitto Denko Corp. - Business segments
Exhibit 154: Nitto Denko Corp. - Key offerings
Exhibit 155: Nitto Denko Corp.- Segment focus
Exhibit 156: Nordson Corp. - Overview
Exhibit 157: Nordson Corp. - Business segments
Exhibit 158: Nordson Corp. - Key news
Exhibit 159: Nordson Corp. - Key offerings
Exhibit 160: Nordson Corp. - Segment focus
Exhibit 161: Ohashi Engineering Co. Ltd. - Overview
Exhibit 162: Ohashi Engineering Co. Ltd. - Product / Service
Exhibit 163: Ohashi Engineering Co. Ltd. - Key offerings
Exhibit 164: Panasonic Holdings Corp. - Overview
Exhibit 165: Panasonic Holdings Corp. - Business segments
Exhibit 166: Panasonic Holdings Corp. - Key news
Exhibit 167: Panasonic Holdings Corp. - Key offerings
Exhibit 168: Panasonic Holdings Corp. - Segment focus
12.16 Shenzhen Langke Automation Equipment Co. Ltd.
Exhibit 169: Shenzhen Langke Automation Equipment Co. Ltd. - Overview
Exhibit 170: Shenzhen Langke Automation Equipment Co. Ltd. - Product / Service
Exhibit 171: Shenzhen Langke Automation Equipment Co. Ltd. - Key offerings
Exhibit 172: Yamaha Motor Co. Ltd. - Overview
Exhibit 173: Yamaha Motor Co. Ltd. - Business segments
Exhibit 174: Yamaha Motor Co. Ltd. - Key news
Exhibit 175: Yamaha Motor Co. Ltd. - Key offerings
Exhibit 176: Yamaha Motor Co. Ltd. - Segment focus
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
Exhibit 181: Validation techniques employed for market sizing
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