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The chip mounter market size is valued to increase by USD 1.45 billion, at a CAGR of 5.11% from 2023 to 2028. Growing adoption of Industry 4.0 architecture will drive the chip mounter market.
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In the dynamic market, vibration damping systems and machine vision algorithms play pivotal roles in enhancing production efficiency and quality control metrics. Compared to traditional mounting methods, chip mounters with advanced vibration damping systems reduce cycle time by up to 20%, leading to increased throughput and cost savings. Machine vision algorithms, employed in vision system calibration, enable component recognition with a 99.9% accuracy rate, minimizing error detection and improving placement head design reliability. Vacuum nozzle technology and precision alignment systems ensure component placement accuracy, while automated guided vehicles and board handling systems optimize material handling efficiency. Additionally, head cleaning mechanisms and nozzle pressure control contribute to maintaining feed system reliability and high-speed chip mounting capabilities. Automated optical inspection and fixture design criteria further ensure compliance with industry standards, reducing downtime and enhancing overall production efficiency. Programmable logic controllers facilitate placement speed control and lead-free soldering processes, further boosting productivity and ROI.
The increasing implementation of Industry 4.0 architecture serves as the primary catalyst for market growth. Industry 4.0, characterized by the integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and robotics, is revolutionizing industries by enhancing productivity, efficiency, and flexibility. This technological transformation is driving significant market expansion across various sectors.
The increasing demand for chip mounters with advanced features is a notable trend in the upcoming market. This preference reflects the industry's requirement for more flexible and technologically sophisticated mounting solutions.
The high capital expenditure requirement poses a significant challenge to the industry's growth trajectory. In order to expand and remain competitive, companies must invest heavily in infrastructure, technology, and research and development. However, securing the necessary funds and managing the associated risks can be a complex and time-consuming process. This challenge is further compounded by the need for companies to balance their capital expenditures with their operating expenses and cash flow requirements. Consequently, the industry's growth rate may be constrained until innovative solutions are found to mitigate the financial burden of high capital expenditures.
The chip mounter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The SMT segment is estimated to witness significant growth during the forecast period.
SMT, or surface mount technology, is a leading PCB production method, accounting for the majority of electronic hardware manufacturing. This advanced technique enables components to be mounted directly onto the PCB surface, eliminating the need for drilling holes and promoting compact designs. SMT's benefits extend to increased production efficiency, with high throughput and the ability to mount components on both sides of a PCB. Vibration damping systems, machine vision algorithms, and precision alignment systems are integral to SMT's success. Vacuum nozzle technology and solder paste dispensing ensure accurate component placement. Cycle time reduction, error detection rate improvement, and maintenance optimization are crucial for maximizing productivity.
The SMT segment was valued at USD 4.15 billion in 2018 and showed a gradual increase during the forecast period.
Automated guided vehicles and board handling systems facilitate material handling efficiency. Advanced defect detection methods, such as component recognition and automated optical inspection, ensure high-quality output. The integration of programmable logic controllers and placement head design enhances feed system reliability. SMT's benefits include a 20% reduction in production cycle time and a 15% improvement in placement accuracy.
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market exhibits a dynamic and evolving landscape, with APAC emerging as the largest and fastest-growing segment in 2023. This region's dominance is attributed to the burgeoning demand for chip mounters in PCB assembly across countries like China, India, Japan, Taiwan, and South Korea. The robust growth can be linked to the industrial expansion and high production of consumer electronics, automobiles, and industrial machinery in these nations. In APAC, key industries, such as automotive, electrical and electronics, and aerospace and defense, are experiencing rapid growth, fueling the demand for chip mounters among electronic equipment and PCB manufacturers.
Additionally, the region's competitive manufacturing costs, high economic growth rates, and favorable business environment further bolster the market's expansion. According to industry reports, the APAC market is projected to grow at a significant rate, surpassing other regions in terms of market share and growth potential.
Customer Landscape of Chip Mounter Industry
Companies are implementing various strategies, such as strategic alliances, chip mounter market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Fuji Corporation - This company specializes in the development and distribution of innovative sports products, leveraging advanced technology and research to enhance athlete performance and consumer experience.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Chip Mounter Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.11% |
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Market growth 2024-2028 |
USD 1454.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.77 |
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Key countries |
China, US, Germany, Japan, India, Canada, Mexico, UK, France, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is witnessing significant growth due to the increasing demand for high-precision chip placement accuracy in the electronics industry. Automated optical inspection systems with advanced vision system calibration are becoming increasingly important in reducing downtime during chip mounting processes. These systems ensure component placement reliability by providing real-time feedback and statistical process control charts for process capability analysis using CPK. Advanced pick-and-place mechanisms, effective board handling systems, and innovative vacuum nozzle technology are key factors driving the efficiency of chip placement. The implementation of lead-free soldering further enhances the reliability and compliance of electronic products. Comparatively, traditional chip mounting methods face challenges in optimizing chip mounting throughput and improving solder paste dispensing. Chip mounters with predictive maintenance capabilities and automated guided vehicle integration offer significant advantages in streamlining production lines and reducing downtime. System integration for chip mounting is also crucial for operational planning and supply chain management. By optimizing production line layouts and implementing efficient conveyor belt systems, electronics manufacturers can improve their overall operational efficiency and remain competitive in the market. In summary, the market is experiencing robust growth due to the increasing demand for high-precision chip placement and the need for improved efficiency and reliability in the electronics industry. Advanced technologies such as automated optical inspection systems, predictive maintenance, and system integration are key differentiators for chip mounter manufacturers, offering significant benefits for electronics manufacturers in terms of reduced downtime, increased throughput, and enhanced product quality.
What is the expected growth of the Chip Mounter Market between 2024 and 2028?
USD 1.45 billion, at a CAGR of 5.11%
What segmentation does the market report cover?
The report is segmented by Technology (SMT and THT), Application (Communications, Computers, Consumer electronics, Automotive, and Other applications), Geography (APAC, Europe, North America, South America, Middle East and Africa, and Rest of World (ROW)), Machine Type (High-Speed Chip Mounters, Medium-Speed Chip Mounters, and Low-Speed Chip Mounters), and End-use (SMT Assembly and PCB Manufacturing)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing adoption of Industry 4.0 architecture, Requirement for high capital expenditure
Who are the major players in the Chip Mounter Market?
Fuji Corporation, Panasonic, Yamaha Motor, ASM Pacific Technology, Juki Corporation, Hanwha Precision Machinery, Kulicke & Soffa, Universal Instruments, Mycronic, Europlacer, Essemtec AG, Neoden Technology, DDM Novastar, Hitachi High-Tech, SMTmax, Mirae Corporation, Versatec, SIPLACE, Nordson Corporation, and Evest Corporation
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Market Segmentation by Machine Type
9 Market Segmentation by End-use
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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