Chip Mounter Market Size, Share, Growth and Report | 2034
Chip Mounter Market Outlook
According to the report by Expert Market Research (EMR), the global chip mounter market size attained a value of USD 5.20 Billion in 2024. Driven by the growing demand for advanced electronic devices and the increasing miniaturisation of electronic components, the market is projected to further grow at a compound annual growth rate (CAGR) of 4.80% between 2025 and 2034, reaching a value of USD 8.31 Billion by 2034.
Chip mounters, also known as surface-mount technology (SMT) machines, are vital components in the electronics manufacturing industry. They are used to place tiny electronic components, such as chips, resistors, capacitors, and other surface-mounted devices (SMDs), onto the printed circuit boards (PCBs). These devices are essential for manufacturing a wide range of consumer electronics, including smartphones, laptops, wearables, automotive electronics, and medical devices. The increasing complexity of electronic products and the demand for higher precision are key factors propelling the growth of the global chip mounter market.
Rising Demand for Consumer Electronics
One of the primary factors driving the growth of the global chip mounter market is the rising demand for consumer electronics, particularly smartphones, laptops, and wearables. As technology continues to advance, consumers increasingly demand more powerful, compact, and efficient devices. These products require the miniaturisation of electronic components, which is facilitated by chip mounters. SMT technology enables the high-speed placement of tiny components onto PCBs with precision, which is crucial for the production of modern electronics.
The smartphone market, in particular, has been a significant driver of the chip mounter market. The continuous advancements in smartphone technology, such as faster processors, more advanced cameras, and improved battery life, are all made possible by the use of smaller, more efficient components. As smartphones become increasingly sophisticated, the demand for high-precision, high-speed chip mounting equipment is growing, fueling the overall market expansion.
Additionally, the increasing adoption of wearable devices, such as smartwatches and fitness trackers, is also contributing to the growth of the chip mounter market. These devices require advanced miniaturised components, which can be efficiently placed on PCBs using chip mounters. The demand for wearables is expected to continue growing, further driving the need for chip mounter systems.
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Technological Advancements in Chip Mounter Systems
Technological advancements are playing a pivotal role in the growth of the chip mounter market. Modern chip mounter systems are increasingly equipped with advanced features, such as high-speed placement, greater accuracy, and improved automation, which help improve manufacturing efficiency and reduce errors. Innovations in vision systems, feeder technology, and software integration are enabling chip mounters to handle a wider variety of components and materials with greater precision.
For instance, the introduction of 3D vision systems has allowed chip mounters to improve their component placement accuracy. These systems use advanced imaging technologies to inspect components and align them on the PCB more accurately, ensuring the high-quality production of complex electronics. Furthermore, advancements in artificial intelligence (AI) and machine learning (ML) have enabled chip mounters to optimise their performance over time by learning from previous operations and making real-time adjustments.
Additionally, the ongoing development of modular and flexible chip mounter systems is making it easier for manufacturers to adapt to changing production requirements. These systems can be easily reconfigured to handle different PCB sizes and component types, improving flexibility and reducing downtime. As manufacturers strive to meet the demand for customisation and faster production cycles, the ability to quickly adjust production lines with minimal disruption is becoming increasingly valuable.
Increasing Need for Miniaturisation and Complex Electronics
The trend toward miniaturisation and more complex electronic devices is another key factor driving the demand for chip mounters. As consumer electronics become smaller, lighter, and more powerful, the components that power these devices must also become more compact. This trend is particularly evident in industries such as telecommunications, automotive, and healthcare, where there is a growing need for miniaturised electronic devices with higher functionality.
In the automotive industry, for example, the increasing use of electronics in vehicles is driving the demand for smaller, more efficient components. Electronic systems in modern cars control everything from navigation and entertainment to safety features like airbags and collision avoidance systems. These systems require precision components that can be mounted onto PCBs using advanced chip mounter technology. Similarly, in the healthcare sector, the rise of medical devices, such as wearable health monitors and portable diagnostic equipment, is creating demand for miniaturised electronics, further driving the chip mounter market.
Emerging Applications in Industrial Automation and IoT
The rise of industrial automation and the Internet of Things (IoT) is creating new opportunities for the chip mounter market. As more industries adopt automation and IoT technologies, there is an increasing demand for electronics that can support these systems. Chip mounters are playing a critical role in the production of IoT devices, such as sensors, controllers, and connectivity modules, which are essential for smart factories, connected homes, and other IoT-enabled applications.
In industrial automation, chip mounters are used to produce the PCBs for robots, automated machinery, and other smart equipment. These systems require high-density interconnects and miniature components, which can be efficiently placed using advanced chip mounter technology. The ability to handle increasingly complex electronics with precision is essential for meeting the demands of the growing automation sector.
The demand for IoT devices, which require a range of sensors and communication components, is also fueling the growth of the chip mounter market. As IoT applications expand across industries such as healthcare, agriculture, and logistics, the need for high-precision chip placement on small, complex PCBs is driving the adoption of advanced chip mounter systems.
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 in the Chip Mounter Market
Despite the promising growth prospects, the global chip mounter market faces several challenges. One of the primary barriers is the high initial cost of chip mounter systems, particularly for small and medium-sized enterprises (SMEs). The cost of acquiring, installing, and maintaining advanced chip mounter equipment can be prohibitive for some manufacturers, particularly those with limited production volumes. However, as technology continues to evolve, the cost of chip mounters is expected to decrease over time, making them more accessible to a broader range of manufacturers.
Another challenge is the need for skilled operators to manage and maintain chip mounter systems. As chip mounters become more complex and integrated with advanced technologies, such as AI and automation, operators need specialised training to operate the equipment effectively. The shortage of skilled labor in certain regions poses a challenge for companies looking to capitalise on the benefits of advanced chip mounting technology.
Market Outlook and Future Prospects
The global chip mounter market is poised for strong growth in the coming years, driven by the increasing demand for consumer electronics, technological advancements in chip mounter systems, and the growing trend toward miniaturisation and more complex electronic devices. The continued rise of industrial automation and IoT will also create new opportunities for market expansion, as chip mounters play a crucial role in the production of components for these applications.
The market is expected to witness increasing adoption across emerging markets, particularly in Asia-Pacific and Latin America, where the demand for consumer electronics and IoT devices is rising rapidly. As the technology behind chip mounters continues to evolve, manufacturers will benefit from more efficient, flexible, and cost-effective systems, enabling them to meet the growing demands of the electronics industry.
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