Chip Mounters Market: SMT Expected to Hold Significant Market Share
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.
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?