Chip mounter: Key market research findings
- Miniaturization of electronics
- Increasing automation in automobiles
- Leading market vendors include Hitachi, Samsung, Panasonic, and Juki
Technavio has released a new report on the global chip mounter market, which is anticipated to grow at a CAGR of around 8% between 2016 and 2020. The increasing demand for miniaturized electronic devices has propelled consumer electronics manufacturers to reduce the size of the overall device without compromising the performance. These miniaturized devices require small-sized IC chips that deliver better performance with low power consumption, which has surged the need for a suitable chip mounting technology such as surface mount technology (SMT). APAC is the largest region in the market and is likely to occupy more than 43% of the overall market share by 2020. Much of this region’s growth is due to the high demand for ICs in the consumer electronics market and surging requirement for logic and microcontrollers in the automotive segment.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“With increased automation in the automotive sector, semiconductor will play a crucial role in networked communication and driving automation. Contemporary vehicles include the use of ICs in LED front lighting to provide optimal driving experience and provide accurate information for the inbuilt artificial intelligence to drive optimally. The role of mounting technology such as SMT is essential in vehicles as it resolves the problem of space availability on small PCBs. This will drive the need for more complex and compact semiconductor chips for efficient performance delivery in automobiles,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research.
The SMT segment dominated the market ion 2015 and accounted for than 90% of the overall market revenue. With the growing demand for high-performance ICs, most vendors are striving to improve performance and stability and reduce the size of ICs. This requires SMT device manufacturers to improve their product offerings. Since the emergence of the IoT would require high levels of background sophistication, it will drive this market segment’s growth in the near future.
Hitachi, Samsung, Panasonic, and Juki are the key players in the global chip mounter market. This market is highly competitive owing to the presence of several local and regional vendors. This market is a difficult market for vendors in terms of profit making due to the availability of a wide range of offerings by several vendors.
A more detailed analysis is available in the Technavio report, Global Chip Mounter Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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