• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

Global Chip Mounter Market to Reach US$ 5.6 Billion by 2024, Fostered by Thriving Consumer Electronics Sector

According to the latest report by IMARC Group, titled “Chip Mounter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global chip mounter market size reached US$ 4.1 Billion in 2018. Chip mounters are machines that are utilized to place surface-mount device (SMD) components on the solder paste-coated printed circuit boards (PCBs). These mounters play an indispensable part in the assembly line by determining the automation degree and manufacturing efficiency. These machines also aid in achieving higher densities in packaging systems. Consequently, they are widely being utilized across numerous industries, including electronics, medical and automotive.

Global Chip Mounter Market

Global Chip Mounter Market Trends:

The global market is primarily driven by an increase in the demand for consumer electronics, including laptops, smartphones, television sets and washing machines. Influenced by various factors, including rapid urbanization, improving standards of living and the inflating purchasing power of consumers, the sales of consumer electronic products have been proliferating across the globe. Apart from this, since these devices aid in the assembly of integrated circuits, the miniaturization of electronics and electrical components and the growing popularity of wearable devices are providing further thrust to the market growth. Moreover, advancements in semiconductor technologies have resulted in high circuit densities. This has propelled manufacturers to develop techniques to manage more circuitry within the same chip, thereby creating a positive outlook for the market. Other major factors influencing the growth of the market include the increasing penetration of the Internet of Things (IoT) technology, growing adoption rates of smart home devices and the thriving automotive industry. On account of the aforementioned factors, the market value is expected to exceed US$ 5.6 Billion by 2024, growing at a CAGR of around 5% during 2019-2024.

Market Summary:

  • On the basis of the technology, the market has been divided into hole, surface mount and fine pitch technologies.
  • Based on the application, the market has been categorized into consumer electronics, medical, automotive, telecommunication and others.
  • On the geographical front, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market. Some of the major players include Hitachi, Ltd., Samsung Electronics, Panasonic Corporation, Juki Corporation, ASM Pacific Technology Limited, Canon Inc., Essemtec AG, Ohashi Engineering, Nordson Corporation, Sony Corporation, SUN Electronic Industries Corporation and TOA Corporation.

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 | https://www.imarcgroup.com

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )


Drop us an email at

sales@imarcgroup.com