Global Chipsetter Market to Be Driven by Growth in Electronics Industry During Forecast Period 2021-2026

Expert Market Research’s new report titled “Global Chipsetter Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report and Forecast 2021-2026” provides an in-depth analysis of the Chipsetter Global Market, assessing the market based on its segments such as technology, applications, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

Historical market size (2020): 4.3 billion USD
Forecast CAGR (2021-2026): 4.9%
Forecasted market size (2026): 5.7 billion USD

Chip assemblers are used in the electronics industry to assemble semiconductors. When it comes to achieving high density in terms of packaging systems, the global market for chip mounters has grown steadily in recent years. Electronic gadgets are a great application for the industry. With increasing customer demand and dependence on technology, there is a continuous shift towards smartphones and laptops from desktops, LEDs from LCD TVs and other household products such as machinery washing machines, coffee machines and other fully automated items. All these advances and technological transformations require improvements in design, user interface and power processing that facilitate the development of the market. With advancements in technology, the global chip mounter market is expected to expand over the forecast period.

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Industry definition and major segments

Chip mounters are widely used in the miniature electronics industry and help reduce the size of integrated circuits. Chipsetters have historically evolved from Through Hole Technology (THT) to Surface Mount Technology (SMT) and Fine Pitch Technology (FPT).

Based on technology, the market is split into:

hole technology
Surface mount technology
Fine pitch technology

Industry can be categorized on the basis of application into:

Consumer electronics
Medical
Automotive
Telecommunication
Others

Regionally, the market is segmented into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market trends

The consumer electronics market has witnessed rapid growth in recent years due to factors such as growing demand for laptops and smartphones, increased internet penetration, and automation of domestic electronic products. Since chip mounters are used to place semiconductor components on PCBs in consumer electronics, the growing demand for these devices and appliances is fueling the expansion of the market. Rapid developments have also contributed to the growth of the market. For example, Yamaha Motor announced plans to release the versatile Z:LEX YSM20R surface mounter in January 2018. It can handle a wide variety of output formats and has an edit speed of 95,000 CPH. Other vendors in the market also sell chip mounters that are compatible with advanced technologies such as the Internet of Things (IoT). Implementing these features helps vendors effectively meet end-user requirements and will drive chipmaker adoption over the forecast period.

Main market players

Major players in the market are Hanwha Group and JUKI Corporation, and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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