Chip Mounters Market: SMT Expected to Hold Significant Market Share
Introduction
Chip
mounters or chip shooters play a critical role in determining the automation
degree and manufacturing efficiency of SMT (Surface Mount Technology) assembly
line. The chip mounting technology is developing and the chip mounter market
size is also increasing for decades. These are widely used in several
industries such as automotive, telecommunication, medical and electronics.
Industry research shows that the chip mounters market is segmented by
technology, application, and geography. By technology, the market is segmented
into through-hole technology and surface mount technology. By application, the
market is segmented into consumer electronics, automotive, communication and
technology, and others. By geography, the market is segmented into North America,
South America, Europe, Middle East and Africa, and Asia Pacific.
Drivers of Chip Mounters Market
Advancements
in semiconductor technologies along with miniaturization of electronics and
electrical components are boosting the development of devices with circuitry
within the same chip, and in turn, is augmenting the demand for chip mounter
across different industries and thereby boosting the chip mounter market growth. Increasing sales of IoT and connected smart home appliances
are further contributing to the growth of the chip mounter market. The rising
demand for laptops and smartphones, increasing demand for automated electronics
goods, and growing internet penetration are further fuelling the growth of the
market as chip mounters are used in the assembling of semiconductor components
on printed circuit boards. Increasing investments from key players in research
and development of new technology are expected to open growth opportunities for
the market.
Market Segmentation
By
technology, SMT is expected to have a significant market share and the market
is also projected to grow at a rapid pace as it helps in improving the
performance while reducing the size of ICs. With the growth of IoT, the market
is expected to grow rapidly. By application, the consumer electronics segment
is expected to have a significant market share on account of the rising demand
for laptops and smartphones, and increasing demand for automated electronics
goods. However, the market of the automotive sector is expected to grow in the
coming years due to the increasing demand for electric vehicles.
Geographically, the Asia Pacific region is expected to have a significant
market share of the global chip mounters market share. The market share is projected on account of
the presence of a large number of manufacturers in the region coupled with
booming consumer electronics and automotive industries in countries like China,
India, and South Korea.
The chip
mounters market is fragmented with hundreds of manufacturers. The players are
expanding globally to mirror their customers’ requirements. As a result, they
are increasingly integrating with other players. The key players include OHASHI
ENGINEERING, JUKI Corporation, and Hitachi High-Technologies Corporation among
others.
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Key Questions Answered in This Report:
·
What are the key regions having a significant market share?
·
What are the drivers of the market?
·
Who are the key market players in the market?
·
What is the market segmentation of the chip mounters market?
·
What are the applications of the market?
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