PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628855
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628855
Chip Mounter Market size was valued at USD 6,256.23 Million in 2023, expanding at a CAGR of 4.6% from 2024 to 2032.
The chip mounter market involves equipment used to place electronic components onto printed circuit boards (PCBs) during the manufacturing process of electronic devices. With the global electronics market growing rapidly, particularly in consumer electronics, automotive, and industrial sectors, the demand for high-speed and precise chip mounters is increasing. Factors such as the rise of miniaturized electronics, demand for high-performance devices, and the growth of industries like IoT and 5G are accelerating the market's expansion. According to the International Telecommunication Union (ITU), there were over 9 billion mobile cellular subscriptions worldwide in 2022, further driving the need for efficient chip placement technology. However, the market faces challenges, such as the high cost of equipment, technical complexities, and the need for highly skilled operators. Opportunities lie in the adoption of Industry 4.0 and automation technologies, offering potential growth as manufacturers seek faster and more cost-effective chip mounting solutions to meet increasing production demands.
Chip Mounter Market- Market Dynamics
Growth of IoT and 5G Industries Drives Demand for Advanced Chip Mounter Technology
The growth of IoT and 5G industries is significantly driving the demand for advanced chip mounter technology, as these sectors require high-precision and high-speed manufacturing capabilities for their miniaturized components. According to the Global System for Mobile Communications Association (GSMA), over 1.7 billion 5G connections are expected by 2025, pushing the need for efficient, automated chip mounting in semiconductor production. The rise of connected devices in IoT applications further accelerates this demand, with billions of devices projected to be connected worldwide by 2025. As these industries evolve, the need for faster, more reliable chip mounting systems is becoming critical to meet the technological demands of IoT devices and 5G infrastructure.
Chip Mounter Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.6% over the forecast period (2024-2032)
Based on Type segmentation, Surface Mount Technology was predicted to show maximum market share in the year 2023
Based on Operation Type segmentation, Automatic was the leading type in 2023
Based on region, Asia-Pacific was the leading revenue generator in 2023
The Global Chip Mounter Market is segmented based on Type, Operation Type, End-User, and Region.
The market is divided into two categories based on Type: Surface Mount Technology (SMT) Chip Mounters, and Through-Hole Technology (THT) Chip Mounters. Surface Mount Technology (SMT) chip mounters dominate the market due to their efficiency in placing smaller, lighter components on both sides of a PCB. Through-hole technology (THT) chip mounters follow, typically used for larger components requiring more robust connections.
The market is divided into two categories based on Operation Type: Automatic and Semi-Automatic. Automatic chip mounters lead the market due to their higher efficiency, precision, and ability to handle large-scale production. Semi-automatic mounters follow, offering a balance between manual and fully automated processes, typically used for smaller batches or specific applications.
Chip Mounter Market- Geographical Insights
The chip mounter market is led by Asia-Pacific, particularly in countries like China, Japan, South Korea, and Taiwan, which are home to major electronics manufacturers such as Samsung, Sony, and TSMC. This region accounts for a significant share due to the high demand for consumer electronics, mobile devices, and semiconductor production. North America follows, driven by technological advancements and a strong presence of electronics companies in the U.S., including Apple and Intel. Europe also plays a crucial role in the market, with countries like Germany and the UK focusing on automotive and industrial applications. In Latin America and the Middle East, the market is expanding due to increasing electronics manufacturing and the adoption of automated solutions to enhance production efficiency.
The chip mounter market is competitive, with key players focusing on technological advancements, precision, and automation to meet the growing demand for faster and more efficient chip mounting solutions. Leading companies such as Yamaha Motor Co., Panasonic Corporation, and Juki Corporation dominate the market by offering high-speed, high-precision mounters for various applications, including consumer electronics, automotive, and telecommunications. These companies invest heavily in R&D to enhance the functionality of their machines, incorporating features like AI integration, real-time monitoring, and advanced vision systems. Additionally, companies like Fuji Machine Manufacturing Co. and Mycronic AB are also major competitors, offering innovative solutions with a focus on flexibility and scalability for diverse production needs. As the demand for miniaturized and high-performance electronic devices grows, players are expanding their portfolios with more automated, cost-effective, and customizable chip mounters. Strategic partnerships, acquisitions, and technology upgrades are common strategies to maintain a competitive edge in the market.
In August 2024, Hanwha Precision Machinery introduced the XM520 chip mounter, enhancing SMT and THT production with up to 100,000 components per hour placement speed. Recognized with the 2024 NPI Award, it offers advanced configurability and precision for diverse manufacturing environments.