Advancements in semiconductor technologies along with miniaturization integrated chips (ICs) is driving the development of high densities in case of packaging systems, and in turn is augmenting the demand for chip mounter across different industries.
According to the report, the Chip Mounter Market is expected to expand at a CAGR of 4.28% over the forecast period to reach US$5.477 billion by 2025.
The rising demand for communications gadgets owing to a growing changing preference
One of the prime factors that are driving the Chip Mounter Market growth is the increasing use of communication electronic gadgets. Furthermore, the consumer market has witnessed a sea change consumer electronic preference during the past decades. As we it is evident, the continuous miniaturisation leading to newer models of smartphones. Laptops are available in hybrid models which can both used as tablets and laptops as per the user’s convenience, gradually doing away with desktop PCs. Television sets with LCD and CRT systems have almost become a thing of the past and are being replaced by smart television systems. Furthermore, with advent of IoT, home electronic appliances like coffeemakers, washing machines, air conditioners are enabled with automations and Wi-Fi connectivity. Further, the various makers of these appliances are engaged in upgrades that improves energy consumption, among others.
The gradual increase in chip density, which is the count of transistors placed on chips in the near future
Advancements of semiconductor technology that has resulted in higher circuit density which in turn is an outcome of constant investments in research and development whereby designers and engineers have come up with innovative techniques for managing more circuitry at similar costing levels and inside a single chip. This has accelerated the use of chip mounting technologies at a scale that is larger than previously used. This increase in use has resulted in successful capitalisation of various fabrication techniques that has emerged as the standard in semiconductor manufacturing. Thus, development and adoption of chip mounting technologies will result in the rise in demand for chip mounters that is projected to increase considerably during the forecast period.
The Asia Pacific region holds a significant share in the market and grows at a noteworthy pace
Geographically, the APAC dominates the chip mounter market owing to the presence of a large number of manufacturers in the region along with a booming consumer electronics and automotive industries in countries like China, India, and South Korea.This is attributable to the fact there are increasing initiatives being taken by the government of countries such as China to achieve self-reliance amidst uncertainties among bilateral trades as well as to boost the economy.
The major players covered as part of the report are among others.
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This report has segmented the Chip Mounter Market on the basis following terms.
- Surface mount
- Consumer Electronics
- Communication and Technology
Middle East and Africa
- Saudi Arabia
- South Africa
- South Korea