Chip Mounter Market - Forecast(2024 - 2030)

Chip Mounter Market Overview

The Global Chip Mounter Market size is forecast to reach US$7.9 billion by 2027, growing at a CAGR of 5.6% from 2022 to 2027. This growth is primarily attributed to the growth of the Consumer Electronics Industry. Factors such as rising demand for laptops and smartphones, growing internet penetration and automation in household electronic goods play a key role in boosting the Chip Mounter Market size. Chip Mounting technology was initially introduced with conventional through-hole technology but later it was followed by surface mount technology and then fine pitch technology. Surface mount technology is being widely used in recent times in comparison to through hole technology and fine pitch technology due to its wide applicability across various industry verticals such as the medical sector, telecommunications, automotive and others. This technological advancement has increased the Chip Mounter Market size. For instance, in the medical sector, chip mounters are used to make printed circuit boards (PCB) and it also provides flexibility and high-density mounting resulting in small packaging size. Fine Pitch technology in Chip Mounting is also being used in producing consumer electronics devices such as LED television, mobile screens, laptops and others. As a result, these factors are positively influencing the Chip Mounter Industry Outlook.

Report Coverage

The report: “Chip Mounter Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Chip Mounter industry.

Key Takeaways

• In the Chip Mounter market report, the Surface Mount Technology segment is analyzed to grow at a significant rate with a CAGR of 6.9% during the forecast period 2022-2027. This growth is due to the constant evolution of the consumer electronics industry and technological advancements in the semiconductor industry.
• By Application in the Chip Mounter Market report, the Consumer Electronics segment is expected to grow at the highest rate with a CAGR of 6.8% during the forecast period owing to factors such as the growing need for miniaturized electronic devices and technological advancements.
• APAC region had the largest share in the global Chip Mounter Market size, owing to factors such as growing digitalization, increasing population and the presence of major manufacturers in the region.

Global Chip Mounter Market Value Share, By Region, 2021 (%)

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Chip Mounter Market Segment Analysis - By Technology

By Technology, the Surface Mount Technology segment in the Chip Mounter Market report is analyzed to grow with the highest CAGR of 7.1% during the forecast period 2022-2027. The growth of this segment is attributed to the constantly evolving consumer electronics industry, rapid technological advancements and the growing semiconductor industry. Due to technological advancements in the semiconductor industry, hole technology phased out with time making room for better and advanced surface mount technology to mount electrical components onto the printed circuit boards. These printed circuit boards are then used in making electronic devices. This growing usage boosts the Surface Mount Technology segment and also increases the Chip Mounter Market size. In August 2020, Electronic Systems, Inc., a provider of electronic manufacturing services for PCB assembly purchased and installed two Fuji AIMEX II surface mount placement machines to meet the increasing consumer demand for electronics. These factors will further increase the Chip Mounter Market size.

Chip Mounter Market Segment Analysis - By Application

Based on Application, the Consumer Electronics segment in the Chip Mounter Market report is analyzed to grow at the highest CAGR of 6.8% during the forecast period 2022-2027. The growth of this segment is attributed to technological advancements and the growing demand for miniaturized electronic devices. The growing need for miniaturized electronic devices has led to the development of smaller electrical components on printed circuit boards which are being done by Chip Mounting technologies. This, in turn, boosts the overall Chip Mounter Industry. In June 2020, Optronic ordered a chip mounting machine MY300 from Mycronic AB, for enhancing their PCB assembly line. This will further be used in developing PCBs that will be used in Electronics Devices. These continuous developments will boost the Consumer Electronics segment in Chip Mounter Market.

Chip Mounter Market Segment Analysis - By Geography

APAC dominated the global market for Chip Mounter Market with a market share of 41.6% in 2021 and was also analyzed to have significant growth over the forecasting period. This growth is owing to factors such as growing digitalization, increasing population and high demand of consumer electronics in the region. Additionally, the presence of major printed board circuit manufacturers and their continued investment in the market is boosting the Chip Mounter Market size. In December 2020, according to a report published by the Indian Cellular and Electronics Association, nearly 320 million printed board circuit assembly units are operating in India and more than half of these are being used in consumer electronic devices. These factors bolster APAC as one of the strongest regions in the Chip Mounter Industry.

Chip Mounter Market Drivers

The surge in demand for miniaturized consumer electronics devices will boost the Chip Mounter Market Growth  

The consumer electronics industry is an ever-evolving industry, with new innovations and technologies coming up constantly to offer consumers more advanced features such as fingerprint sensors in mobiles and smart televisions. The increasing demand for miniaturized products has resulted in the development of smaller hardware components such as printed circuit boards which are small in size and can run smoothly while integrating a large number of components. Chip Mounting technologies help acquire just that and as a result, the adoption of these technologies is rising and thereby boosting the Chip Mounter Market growth. In February 2020, Apple’s supplier Wistron started assembling PCBs for high-end iPhones in Bengaluru, India. This plant will require chip mounting technologies to place the electrical components onto the PCBs. These factors will further influence the Chip Mounter Industry Outlook.

Increasing demand in the automotive industry especially rising demand for electric vehicles will drive the Chip Mounter industry forward

The growing popularity of electric vehicles around the world is also opening up new opportunities for the Chip Mounter Market. In the first quarter of 2020, according to the European Free Trade Association, electric vehicle registrations in Europe increased by 57.4%. Because electric vehicles primarily consist of motor controller circuitry built on printed circuit boards the demand for chip mounting technologies is expected to increase for the assembly of such PCBs. This growing demand for electric vehicles along with the government initiatives in buying EVs will boost the adoption of Chip Mounting technologies for the PCBs in the forecast period thereby boosting the Chip Mounter Market size.

Chip Mounter Market Challenges

Challenges in repair, rework and reliability for printed circuit boards hinder the Chip Mounter market growth

This chip mounting technology manufactured devices are smaller, have more features and are less expensive. However, this high density of components creates a challenge for the repair and rework of the PCB boards in case of any failure. Conventional soldering techniques are rendered useless for reworking on the board and specialized techniques, such as non-contact methods, are required to avoid additional damage to the assembly. Repair or rework on an electronic device manufactured using chip mounting technologies is extremely difficult. As a result, this factor poses a significant challenge to the growth of the Chip Mounter Market.

Chip Mounter Market Landscape

Product launches, collaborations and R&D activities are key strategies adopted by players in the Chip Mounter Market. The top 10 companies in the Chip Mounter Market include 

1. ASM Pacific Technology
2. Fuji Machine Mfg
3. Yamaha Motor
4. REDARC
5. Hanwha Precision Machinery
6. Panasonic
7. Mycronic
8. Assembleon(K&S)
9. Nexperia
10. ROHM  

Recent Developments 

• In May 2022, at SMTconnect 2022, Yamaha Motors showcased its One-Stop Smart Solution which is ready to power high-speed, high-quality intelligent manufacturing. This was done by the Robotics section inside Yamaha Motors using surface mount technologies for building the PCBs. This is poised to increase the company’s market share. 
• In March 2020, REDARC announced that it will adapt its PCB lines to build components for medical respirators. As REDARC is equipped with its advanced chip mounting technologies, this will further boost the Chip Mounting Market. 
• In June 2021, ROHM Semiconductor introduced AC/DC converter ICs with a built-in surface mount package.  The devices are optimal for industrial as well as commercial applications. These widespread usages of the chip mounting technologies will boost the Chip Mounter Market size.

Relevant Report Titles:

Surface Mount Technology Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: ESR 0185

PCB Materials Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 1441

Intelligent Electronic Devices Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: ESR 0468 

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