The chip mounter market is projected to grow at a CAGR of 4.41% during the forecast period to reach US$5.762 billion by 2026, from US$4.260 billion in 2019.
In the semiconductor industry, chip mounter plays a crucial role in the manufacturing of Surface Mount Technology (SMT). A chip mounter, also known as a chip shooter, determines the automation degree and ensures the manufacturing efficiency of the SMT assembly line. The prime reason driving the market growth during the forecasted period is robust growth in the semiconductor industry that has created significant demand for SMT and hence of chip mounter. Growing disposable income has increased the demand for consumer electronics that is expected to increase the market growth. However, robust demand and manufacturing constraints have created a shortage of chips for the construction of semiconductors. Chips shortage has created a supply gap leading to low production of semiconductors and hence lower demand for SMT and hence of chip mounter.
Based on the end-user industry, the global chip mounter market is segmented into consumer electronics, automotive, communication and technology, and others. It is expected that vigorous growth in these industries will create a significant demand for the chip mounter industry, with increasing demand for semiconductors.
The consumer electronics demand for semiconductors is growing at an exponential rate. With a surge in disposable income and rising technology penetration, consumers are increasing their purchase of consumer electronics for a better standard of living. Smart devices, such as smartphones, smartwatches, and smart TV have witnessed a hike in demand with increased income and technological innovation. It was observed that the number of smartphone users increased from 2.5 billion in 2016 to 3.8 billion in 2021. Growth is expected in the industry over the forecasted period with enhancement and increased income, creating demand for semiconductors, and therefore for chip mounters.
Innovation and changing industry scenario in the automotive sector has led to rising production and adaptation of electronic vehicles, resulting in an increase in demand for semiconductors. Global EV Outlook, a report published by International Energy Agency (IEA) showcases positive market and robust potential for electronic vehicles in long run. The report states that electronic cars operating on the road have increased from 17,000 in 2010 to around 7.2 million in 2019. Sales of electronic cars surged to 2.1 million in 2019 and are anticipated to increase during the forecasted period. Increasing investment by existing players and product launches in the industry is projected to widen the scope of the market. Tesla, for instance, is emerging as a leading electric car manufacturer and has scheduled several launches of new cars in 2021. Similar Hyundai is aiming to expand its portfolio of electric cars with the introduction of Kona Electric. Maruti, another significant market player, is planning to launch its first, all-electric car in 2025.
Based on geography, the global chip mounter market is divided into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific region. The Asia Pacific region is anticipated to grow at the fastest rate during the forecasted period. The booming industrial sector and mushrooming production units have made the region a manufacturing hub which has led to an increase in demand for chip mounters for manufacturing. Further, increased disposable income has led to an increase in demand for consumer electronics which is driving the market growth.
Electronic vehicles are also observing significant adoption in the region. China is global, the leading electronic vehicle market, and accounts for 4.9% of the global EV market. However, cutting short of electric car subsidies by the government is expected to affect the market. Despite regulation changes, IEA predicts that both, China and India, will grow at the fastest rate in the EV vehicle sector. The United States is another emerging market that is expected to show significant growth.
The coronavirus pandemic significantly impacted the market for chip mounter, by impacting the demand by end-user industry. Both the consumer electronics and automotive sectors observed a fall in the market. The coronavirus pandemic decreased the demand for electric cars but the overall sales of the electric vehicle increased by 15%. China, the USA, and Europe account for 90% of electric car sales, and disruption in the countries owing to the outbreak of the virus rattled the demand for chip mounters. However, the communication and technology market grew notably which supported the market growth.
In the semiconductor industry, chip mounter plays a crucial role in the manufacturing of Surface Mount Technology (SMT). A chip mounter, also known as a chip shooter, determines the automation degree and ensures the manufacturing efficiency of the SMT assembly line. The prime reason driving the market growth during the forecasted period is robust growth in the semiconductor industry that has created significant demand for SMT and hence of chip mounter. Growing disposable income has increased the demand for consumer electronics that is expected to increase the market growth. However, robust demand and manufacturing constraints have created a shortage of chips for the construction of semiconductors. Chips shortage has created a supply gap leading to low production of semiconductors and hence lower demand for SMT and hence of chip mounter.
Vigorous escalation in the end-user industries is expected to increase the demand for SMT and the adoption of chip mounters in the production assembly line.
Based on the end-user industry, the global chip mounter market is segmented into consumer electronics, automotive, communication and technology, and others. It is expected that vigorous growth in these industries will create a significant demand for the chip mounter industry, with increasing demand for semiconductors.
The consumer electronics demand for semiconductors is growing at an exponential rate. With a surge in disposable income and rising technology penetration, consumers are increasing their purchase of consumer electronics for a better standard of living. Smart devices, such as smartphones, smartwatches, and smart TV have witnessed a hike in demand with increased income and technological innovation. It was observed that the number of smartphone users increased from 2.5 billion in 2016 to 3.8 billion in 2021. Growth is expected in the industry over the forecasted period with enhancement and increased income, creating demand for semiconductors, and therefore for chip mounters.
Innovation and changing industry scenario in the automotive sector has led to rising production and adaptation of electronic vehicles, resulting in an increase in demand for semiconductors. Global EV Outlook, a report published by International Energy Agency (IEA) showcases positive market and robust potential for electronic vehicles in long run. The report states that electronic cars operating on the road have increased from 17,000 in 2010 to around 7.2 million in 2019. Sales of electronic cars surged to 2.1 million in 2019 and are anticipated to increase during the forecasted period. Increasing investment by existing players and product launches in the industry is projected to widen the scope of the market. Tesla, for instance, is emerging as a leading electric car manufacturer and has scheduled several launches of new cars in 2021. Similar Hyundai is aiming to expand its portfolio of electric cars with the introduction of Kona Electric. Maruti, another significant market player, is planning to launch its first, all-electric car in 2025.
The Asia Pacific chip mounter market is expected to grow at the fastest rate during the forecasted period.
Based on geography, the global chip mounter market is divided into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific region. The Asia Pacific region is anticipated to grow at the fastest rate during the forecasted period. The booming industrial sector and mushrooming production units have made the region a manufacturing hub which has led to an increase in demand for chip mounters for manufacturing. Further, increased disposable income has led to an increase in demand for consumer electronics which is driving the market growth.
Electronic vehicles are also observing significant adoption in the region. China is global, the leading electronic vehicle market, and accounts for 4.9% of the global EV market. However, cutting short of electric car subsidies by the government is expected to affect the market. Despite regulation changes, IEA predicts that both, China and India, will grow at the fastest rate in the EV vehicle sector. The United States is another emerging market that is expected to show significant growth.
COVID-19 Insights
The coronavirus pandemic significantly impacted the market for chip mounter, by impacting the demand by end-user industry. Both the consumer electronics and automotive sectors observed a fall in the market. The coronavirus pandemic decreased the demand for electric cars but the overall sales of the electric vehicle increased by 15%. China, the USA, and Europe account for 90% of electric car sales, and disruption in the countries owing to the outbreak of the virus rattled the demand for chip mounters. However, the communication and technology market grew notably which supported the market growth.
Market Segmentation:
By Technology
- Through-hole
- Surface Mount
By Application
- Consumer Electronics
- Automotive
- Communication and Technology
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- Taiwan
- Indonesia
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. CHIP MOUNTER MARKET, BY TECHNOLOGY
6. CHIP MOUNTER MARKET, BY APPLICATION
7. CHIP MOUNTER MARKET, BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- Ohashi Engineering
- Nordson Corporation
- Juki Corporation
- Hitachi
- Samsung
- *List is not exhaustive
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | November 2021 |
| Forecast Period | 2019 - 2026 |
| Estimated Market Value ( USD | $ 4.26 billion |
| Forecasted Market Value ( USD | $ 5.76 billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
