Chip Mounter Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Chip Mounter Market Statistics 2028
The global Chip Mounter market size is estimated to be worth US$ 4387.1 million in 2022 and is projected to reach US$ 5531.9 million by 2028 with a CAGR of 3.9% during the review period. Key drivers of the chip mounter market include the increasing income levels of consumers leading to faster adoption of smart gadgets, mobiles, and consumer electronics.

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The boom in the automobile industry and the growing requirement for semiconductors, chipsets in electric vehicle production, ADAS systems will drive the growth of the chip mounter market during the forecast period. The rise of compact gadgets, wearables, and end-user industry applications will augment market growth in the coming years.
However, the shortage of chips leading to a decrease in semiconductor supply will hamper market expansion during the review period.


Trends Influencing the Global Chip Mounter Market
Increasing gadget penetration due to rising standard of living
The demand for electronic appliances is at an all-time high as people are moving towards convenience due to rapid economic growth. TV, fridge, washing machines, mobile phones, Laptops, Computers, LED bulbs, and other smart devices are being adopted in every household and commercial space. Semiconductors are used to manufacture these devices. Hence SMTs( Surface Mount Technologies) and chip mounter machines are being added to production assembly lines to increase operational efficiency. This in turn will boost the growth of the chip mounter market during the forecast period.
The rise of automation and connected car technology
ADAS(Advanced Driver Assistance Systems) are becoming common with the increasing use of sensors, cameras, connectivity features, touchscreen displays, infotainment systems to reduce vehicle and driver injuries. Moreover, EV sales are doubling at a fast rate due to favorable government support and efforts to reach net-zero carbon emissions. Car-mounted semiconductors and microchips are needed to boost these ongoing advancements in the automotive sector. The in-car technology will continue to flourish in the coming years thereby driving the growth of the chip mounter market in the future.
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By Company
• ASM Pacific Technology
• Fuji Machine Mfg
• Yamaha Motor
• JUKI
• Hanwha Precision Machinery
• Panasonic
• Mycronic
• Assembleon(K&S)
• ITW EAE
• Universal Instruments
• Europlacer
• Mirae
• BTU
• Versatec
• EvestCorporation
• Autotronik
• DDM Novastar
• GKG

Segment by Type
• Surface Mount Technology (SMT) Equipment
• Through hole technology (THT) Equipment

Segment by Application
• Consumer Electronics
• Medical
• Automotive
• Telecommunications Equipment
• Others

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This release was published on openPR.