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The Europe chip mounter market is currently witnessing moderate growth. A chip mounter is used to place a surface mounted device on printed circuit boards. The chip mount technology, initially introduced as through-hole technology, later resurfaced as the surface-mounting technology. This technology involves the placement of chips directly on PBCs without creating holes through the process of soldering. The process helps manufacturers to save space and place more chips on the same board. The introduction of Fine Pitch technology has provided high circuit density as compared to surface mounted technology.
Europe is the headquarter of a wide variety of global companies that deal in various sectors, such as consumer electronics, automotive, medical, telecommunication, aerospace, and military. Since it is a technologically advanced region, it manifests strong growth in these sectors, thereby increasing the demand for chip mounters. Additionally, the increase in the production of electric cars in the region has bolstered the market growth. Furthermore, the growing popularity of wearable devices and miniaturization of electronics and electrical components are further contributing to the growth of the market. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe chip mounter market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, technology and application.
Breakup by Technology:
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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