Chip Mounter Market Outlook

According to the latest report, the global chip mounter market size reached a value of USD 4.96 billion in 2023. Driven by the escalating demand for electronics and advancements in semiconductor technology, the market is expected to grow at a compound annual growth rate (CAGR) of 4.80% between 2024 and 2032, reaching a value of USD 7.56 billion by 2032.

A chip mounter, also known as a pick-and-place machine, is an integral part of the surface mount technology (SMT) process in electronic manufacturing. These machines are responsible for placing various electronic components, such as resistors, capacitors, and integrated circuits (ICs), onto printed circuit boards (PCBs) with high precision and speed. Chip mounters are widely used in industries such as consumer electronics, automotive, telecommunications, and healthcare, owing to the growing demand for electronic devices, miniaturization of components, and increasing automation in manufacturing processes.

Drivers of the Global Chip Mounter Market Growth

The rising demand for consumer electronics, including smartphones, laptops, and wearable devices, is one of the key drivers of the chip mounter market. With the increasing penetration of smart devices and the adoption of advanced technologies such as the Internet of Things (IoT) and 5G, the demand for high-performance electronic components has surged. Chip mounters play a critical role in the efficient and precise placement of these components on PCBs, enabling manufacturers to meet the growing demand for compact and sophisticated electronic devices.

The automotive industry is another significant contributor to the growth of the global chip mounter market. The rapid development of electric vehicles (EVs) and the increasing integration of electronic systems in conventional automobiles have driven the demand for chip mounters. These machines are essential in the production of automotive electronics, such as sensors, control systems, and infotainment modules, which require high levels of precision and reliability. The expanding automotive electronics market, coupled with the growing adoption of autonomous driving technologies, is expected to fuel the demand for chip mounters over the forecast period.

Furthermore, the increasing trend of automation in manufacturing processes is propelling the chip mounter market growth. The need for high-speed, accurate, and cost-effective production methods has led to the widespread adoption of SMT and chip mounter machines in various industries. Manufacturers are increasingly leveraging advanced chip mounter machines with features such as automatic vision alignment systems, real-time data monitoring, and flexible handling of different component sizes to enhance production efficiency and reduce errors.

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Technological Advancements in Chip Mounter Machines

The global chip mounter market has witnessed significant technological advancements in recent years. Manufacturers are continually developing innovative chip mounter machines to meet the evolving needs of the electronics industry. One of the key trends in the market is the integration of artificial intelligence (AI) and machine learning (ML) technologies in chip mounters. AI-powered chip mounters can optimize component placement, improve accuracy, and reduce downtime by predicting potential errors and adjusting the process in real-time. These advancements are expected to drive the adoption of chip mounters across various industries, particularly in high-tech manufacturing sectors.

Additionally, the miniaturization of electronic components has led to the development of high-precision chip mounter machines capable of handling ultra-small components with extreme accuracy. The demand for compact and lightweight electronic devices, such as smartphones, wearables, and medical devices, has necessitated the use of advanced chip mounters that can place components as small as 01005 (0.4mm x 0.2mm) with high precision. This trend towards miniaturization is expected to continue, further boosting the demand for technologically advanced chip mounter machines.

Sustainability and Energy Efficiency in Chip Mounters

Sustainability has become an important consideration in the electronics manufacturing industry, and the chip mounter market is no exception. Manufacturers are increasingly focusing on developing energy-efficient and environmentally friendly chip mounter machines to reduce their carbon footprint. Modern chip mounters are designed to consume less power, minimize waste, and optimize resource utilization, contributing to more sustainable manufacturing processes.

Furthermore, the increasing emphasis on reducing electronic waste (e-waste) has led to the development of chip mounters with advanced repair and rework capabilities. These machines allow manufacturers to efficiently remove faulty components from PCBs and replace them without discarding the entire board, thus reducing e-waste and lowering production costs. The growing adoption of such sustainable practices is expected to positively impact the global chip mounter market.

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Chip Mounter Market Segmentation

The market can be divided based on technology, application, and region.

Market Breakup by Technology

• Hole Technology
• Surface Mount Technology
• Fine Pitch Technology

Market Breakup by Application

• Consumer Electronics
• Medical
• Automotive
• Telecommunication
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chip mounter market. Some of the major players explored in the report by Expert Market Research are as follows:

• Hanwha Group.
• JUKI Corporation
• Others

Challenges Facing the Global Chip Mounter Market

Despite the positive outlook, the global chip mounter market faces several challenges. One of the primary challenges is the shortage of semiconductors, which has disrupted supply chains across various industries, including automotive, electronics, and telecommunications. The global semiconductor shortage, exacerbated by factors such as the COVID-19 pandemic and geopolitical tensions, has led to production delays and increased costs for manufacturers. This shortage poses a significant challenge to the chip mounter market, as it directly affects the availability of electronic components that are crucial for the operation of chip mounter machines.

Additionally, the high initial investment required for purchasing and maintaining chip mounter machines can be a barrier for small and medium-sized enterprises (SMEs) in the electronics manufacturing sector. While larger companies can afford to invest in advanced chip mounter technologies, SMEs may find it difficult to compete in terms of production speed and efficiency. This cost-related challenge may slow the adoption of chip mounters in certain regions and industries.

Moreover, the increasing complexity of electronic devices and the rapid pace of technological advancements in the semiconductor industry require manufacturers to continuously upgrade their equipment and processes. Keeping up with the latest developments in chip mounter technology and ensuring compatibility with newer component designs can be a challenge for manufacturers, particularly those operating in highly competitive markets.

Opportunities for Growth in the Chip Mounter Market

Despite these challenges, the global chip mounter market presents several opportunities for growth. The increasing demand for flexible electronics, such as foldable smartphones, flexible displays, and wearable devices, offers significant potential for chip mounter manufacturers. These innovative products require precise and flexible manufacturing processes, which can be achieved through advanced chip mounter machines with multi-functional capabilities.

The growing adoption of 5G technology is another key driver of the chip mounter market. The rollout of 5G networks has led to an increased demand for 5G-enabled devices, including smartphones, routers, and base stations, all of which require advanced semiconductor components. Chip mounters play a critical role in the production of these components, and as 5G technology continues to expand globally, the demand for chip mounter machines is expected to rise.

Moreover, the increasing focus on the development of smart cities and IoT infrastructure presents new opportunities for the chip mounter market. The proliferation of IoT devices, such as smart sensors, connected home appliances, and industrial IoT solutions, has driven the demand for compact and reliable electronic components. Chip mounter machines, with their ability to place a wide range of components on PCBs with high precision, are essential for the production of IoT devices, and their adoption is expected to grow in tandem with the expansion of IoT networks.

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