Pin Insertion Machine Market
Forecast(2021 - 2026)
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• Pin Insertion Machine market size is projected to reach US$ 270 Million by 2026, and it is estimated to grow at around CAGR 5.6% during 20212026. • Increasing penetration of digitization, electronic mobility leveraging IoT enabled connected portable devices including high end smartphones, smart wears and the rising demand for miniaturization of electronic products are the major factors driving the demand for pin insertion machines to facilitate efficient and seamless electronic component assembly. • Growth in hyperscale data centers raising the need for electronic products such as touchscreen panel, LED monitors and motherboards is accelerating the demand for pin insertion machines in printed circuit board (PCB) assembly lines to offer high accuracy PCB systems with robust and reliable electrical connections. Contact: (+1)970-236-3677 Email: sales@industryarc.com
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Key Takeaways • Consumer electronics is estimated to account for the largest market share by 2026 due to rising penetration of connected devices including high end smartphones and smart wears. • APAC is estimated to dominate the market during 2021-2026 owing to rising investments in semiconductor manufacturing facilities. • Increasing Penetration of connected cars and evolving trend of miniaturization of electronic devices are analyzed to stimulate the market during forecast period 2021-2026. • High deployment cost is one of the challenges impeding the Pin Insertion Machine Market growth. Contact: (+1)970-236-3677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis By technology, Pin Insertion Machine Market has been segmented under Press-fit technology, Surface Mount technology and Through-hole technology. Press Fit technology dominated the market in 2020 and is estimated to hold the majorPin Insertion Machine Marketacquiring a share of 48% by 2026 owing to huge adoption of press fit technology in PCB assembly line for high speed, precise pin insertion to reduce processing time. Press-fit technology is widely adopted by semiconductor device manufacturers over conventional soldering process. Contact: (+1)970-236-3677 Email: sales@industryarc.com
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Pin Insertion Machine Market Industry Outlook • • • • • • • • • •
Advanced Mechatronics Solutions CMS Electronics GmbH HARMONTRONICS TE Connectivity Ltd. Assembly & Automation Technology Inc. Eberhard AutospliceInc UMG Technologies Spirol International Corporation Lazipurand
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Pin Insertion Machine Market Forecast(2021 - 2026) Learn More About the Report
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Contact: (+1)970-236-3677 Email: sales@industryarc.com
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