Chip Mounter Market
By Type;
High Speed Chip Mounters, Medium Speed Chip Mounters, and Low Speed Chip MountersBy Technology;
SMT and THTBy Application;
Communications, Computers, Consumer Electronics, Automotive, and OtherBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Chip Mounter Market Overview
Chip Mounter Market (USD Million)
Chip Mounter Market was valued at USD 6,781.23 million in the year 2024. The size of this market is expected to increase to USD 10,062.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
Chip Mounter Market
*Market size in USD million
CAGR 5.8 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 5.8 % |
Market Size (2024) | USD 6,781.23 Million |
Market Size (2031) | USD 10,062.55 Million |
Market Concentration | Medium |
Report Pages | 391 |
Major Players
- ASM Pacific Technology
- Fuji Machine Mfg
- Yamaha Motor
- JUKI
- Hanwha Precision Machinery
- Panasonic
- Mycronic
- ITW EAE
- Universal Instruments
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Chip Mounter Market
Fragmented - Highly competitive market without dominant players
The Chip Mounter Market is rapidly expanding, with over 50% of manufacturing operations deploying advanced machines for high-speed, precision PCB assembly. This momentum creates meaningful opportunities for companies offering systems with vision accuracy, real-time analytics, and modular upgrades. Businesses are applying refined strategies to cut cycle times, improve quality control, and streamline changeovers—supporting long-term growth and enabling broader expansion of automated production.
Cutting-Edge Innovation in Component Placement
Approximately 48% of modern chip mounters now feature advanced inspection, AI-based setup automation, and feeder optimization—showcasing core technological advancements. These innovations reduce material waste, improve component accuracy, and ensure continuous operation. Providers are enhancing their offerings with digital twin simulations and adaptive alignment tools, sustaining competitive innovation and accelerating market expansion.
Collaborative Ecosystems Driving Integration
Over 55% of equipment vendors form strong collaborations with EMS providers, robotics experts, and PCB software firms to create seamless manufacturing ecosystems. These partnerships ensure cross-platform compatibility, real-time performance monitoring, and simplified user training. This level of integration builds a solid future outlook for smart SMT deployment across industries.
Future Outlook Anchored in Smart Factory Trends
Close to 53% of manufacturers are prioritizing SMT systems with cloud connectivity, AI-driven quality checks, and remote diagnostics. This promising future outlook reflects rising demand for flexible and intelligent assembly platforms. These systems encourage ongoing innovation, increase automation intelligence, and fuel strong expansion across electronic manufacturing hubs.
Chip Mounter Market Recent Developments
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In December 2023, Yamaha Motors expanded its line of surface-mount technology (SMT) chip mounters, targeting automotive and industrial automation sectors
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In March 2024, Panasonic announced a breakthrough with its new high-speed chip mounter that increases throughput by 30%, optimizing production lines for IoT and consumer electronics
Chip Mounter Market Segment Analysis
In this report, the Chip Mounter Market has been segmented by Type, Technology, Application, and Geography.
Chip Mounter Market, Segmentation by Type
The Chip Mounter Market has been segmented by Type into High Speed Chip Mounters, Medium Speed Chip Mounters, and Low Speed Chip Mounters.
High Speed Chip Mounters
High speed chip mounters dominate the market with over 45% share due to their unmatched component placement speed and precision. These machines are ideal for high-volume electronics production such as smartphones and tablets. Their integration with automated manufacturing lines boosts productivity and consistency. Growing demand from Asia-Pacific is further fueling segment growth.
Medium Speed Chip Mounters
Medium speed chip mounters serve mid-range production environments with a market share of around 30%. They are suited for diverse applications across SMEs and contract manufacturers. Offering a balance between speed and cost, these machines support flexible and multi-board assembly lines. The rise of modular electronics continues to drive their adoption.
Low Speed Chip Mounters
Low speed chip mounters account for nearly 25% of the market, catering to R&D labs, startups, and custom manufacturers. Their strength lies in precision and cost-efficiency for low-volume production. With the surge in wearable tech and IoT, this segment is witnessing renewed demand for compact, flexible chip placement systems.
Chip Mounter Market, Segmentation by Technology
The Chip Mounter Market has been segmented by Technology into SMT and THT.
SMT
Surface Mount Technology (SMT) leads with a commanding 70% market share. It enables high-speed, automated, and compact circuit assembly, driving efficiency in telecom, medical, and automotive electronics. SMT adoption continues to rise with miniaturization and advanced PCB designs. Its compatibility with AI-powered lines enhances throughput and quality.
THT
Through-Hole Technology (THT) remains relevant with 30% market share, especially for robust and high-stress components. Used widely in aerospace, defense, and power systems, THT provides stronger mechanical bonding. The segment is gaining momentum in mission-critical assemblies where reliability trumps miniaturization.
Chip Mounter Market, Segmentation by Application
The Chip Mounter Market has been segmented by Application into Communications, Computers, Consumer Electronics, Automotive, and Other.
Communications
The communications segment captures around 20% of the market due to rising demand for 5G infrastructure and networking devices. Chip mounters are essential for producing routers, modems, and baseband processing units. As telecom OEMs expand capacity, precision placement of miniaturized components becomes critical.
Computers
Computers hold an 18% share, driven by demand for server boards, GPUs, and AI accelerators. Chip mounters ensure component integrity and signal stability in high-performance computing setups. With growing data center investments, this application will see sustained demand through the forecast period.
Consumer Electronics
Consumer electronics lead with over 35% market share, fueled by the production of smartphones, smart TVs, and wearables. Chip mounters enable compact designs, tight tolerances, and mass production. Their flexibility in handling diverse PCB layouts is key to serving rapid product innovation cycles.
Automotive
The automotive segment accounts for about 15%, driven by the surge in electric vehicles and autonomous driving. Chip mounters are used to assemble ECUs, infotainment systems, and safety modules. Demand is growing for machines that meet automotive-grade reliability and harsh environmental standards.
Other
Other applications like aerospace, medical devices, and industrial robotics contribute approximately 12%. These segments rely on customized and high-precision chip placement. Increasing adoption of smart medical and defense electronics adds value to this diverse category.
Chip Mounter Market, Segmentation by Geography
In this report, the Chip Mounter Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
Rest of the World
Chip Mounter Market Share (%), by Geographical Region
North America
North America represents around 22% of the global chip mounter market, backed by advanced electronics manufacturing and increasing investments in EV infrastructure. The U.S. leads in demand, followed by Canada and Mexico. High-tech industries and robust supply chain integration boost adoption.
Europe
Europe accounts for nearly 19% share, with demand driven by Germany, the UK, and France. The region is a hub for automotive electronics, industrial robotics, and renewable energy systems. Adoption of Industry 4.0 and green mobility initiatives also favor chip mounter installations.
Asia Pacific
Asia Pacific dominates with over 42% share, thanks to low-cost manufacturing, technology hubs, and government incentives. China, Japan, South Korea, and Taiwan lead in volume and innovation. High production capacity and regional demand for consumer electronics fuel this leadership.
Middle East & Africa
Middle East & Africa contribute around 9% to the global market. Investments in smart infrastructure, healthcare, and digital transformation drive demand in countries like UAE, Saudi Arabia, and South Africa. Regional OEM partnerships also support local assembly ecosystems.
Latin America
Latin America holds approximately 8% share, led by Brazil and Mexico. The region benefits from nearshoring trends and rising electronics consumption. Growth in medical device production and automotive assembly boosts demand for chip mounters across various industries.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Chip Mounter Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Technological advancements
- Consumer electronics
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Automotive electronics: The automotive electronics sector significantly impacts the Global Chip Mounter Market, driven by the increasing integration of advanced electronic systems in vehicles. Modern automobiles are equipped with a plethora of electronic components that enhance safety, connectivity, and performance, such as advanced driver-assistance systems (ADAS), infotainment systems, and engine control units (ECUs). These components require precise placement on printed circuit boards (PCBs), necessitating the use of high-speed and high-accuracy chip mounters. As the automotive industry continues to innovate with electric vehicles (EVs), autonomous driving technologies, and connected car solutions, the demand for sophisticated chip mounters is expected to grow substantially.
Technological advancements in chip mounters are crucial to meeting the stringent requirements of the automotive industry. The need for high reliability, durability, and performance in automotive electronics drives the adoption of advanced surface mount technology (SMT) and through-hole technology (THT) chip mounters. SMT is particularly favored for its ability to support miniaturization and high-density component placement, which are essential for modern vehicle designs. Moreover, the integration of artificial intelligence (AI) and machine learning in chip mounters enhances production efficiency, defect detection, and real-time monitoring, ensuring the high quality and consistency demanded by automotive manufacturers.
Regions with a strong automotive industry presence, such as Europe, North America, and Asia Pacific, are leading contributors to the automotive electronics segment of the chip mounter market. Europe, with its well-established automotive giants and stringent regulatory standards, invests heavily in advanced manufacturing technologies. North America, driven by innovation and a robust R&D ecosystem, sees significant demand for cutting-edge chip mounters. Asia Pacific, particularly countries like Japan, South Korea, and China, serves as a major manufacturing hub for automotive electronics, supported by extensive production facilities and significant investments in automotive technology. As automotive electronics continue to evolve, the chip mounter market is poised for sustained growth, fueled by the demand for advanced electronic systems in vehicles.
Restraints
- High Cost
- Technical Complexity
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Skilled Labor: Skilled labor remains a critical factor in the Global Chip Mounter Market, particularly due to the specialized nature of operating and maintaining advanced manufacturing equipment like chip mounters. As technology in surface mount and through-hole mounting continues to evolve, the demand for skilled technicians and engineers proficient in these processes remains high. These professionals are essential for ensuring efficient production, minimizing downtime, and maintaining high-quality standards in electronics manufacturing.
In the context of surface mount technology (SMT), skilled labor is needed for programming, setting up, and fine-tuning the chip mounters to handle diverse components and PCB layouts. Technicians proficient in SMT operations are required to interpret technical specifications, troubleshoot equipment issues, and optimize production workflows to meet tight manufacturing tolerances and deadlines. Their expertise is crucial in maximizing the efficiency and output of chip mounting processes, thereby contributing to overall manufacturing productivity.
In through-hole technology (THT), skilled labor plays a vital role in assembling and soldering components that require manual insertion and soldering onto PCBs. These technicians possess specialized knowledge in handling through-hole components, ensuring proper alignment, soldering quality, and adherence to industry standards for reliability and durability. Their skills are particularly valued in sectors where robust mechanical connections and stringent quality control are paramount, such as aerospace, defense, and automotive electronics.
Opportunities
- Consumer Electronics
- Automotive Electronics
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Industry 4.0: Industry 4.0, characterized by the integration of digital technologies into manufacturing processes, is profoundly impacting the Global Chip Mounter Market. This industrial revolution emphasizes automation, data exchange, artificial intelligence, and IoT (Internet of Things) to create "smart factories" that are more efficient, flexible, and responsive. In the context of chip mounters, Industry 4.0 principles are driving significant advancements in automation and connectivity, revolutionizing the production of electronic devices.
One of the key benefits of Industry 4.0 in the chip mounter market is enhanced efficiency and productivity. Smart chip mounters equipped with AI-driven algorithms can optimize production schedules, predict maintenance needs, and minimize downtime, thereby improving overall operational efficiency. Real-time monitoring and data analytics enable manufacturers to make data-driven decisions, optimize material usage, and reduce waste, leading to cost savings and improved profitability.
Industry 4.0 facilitates greater customization and flexibility in manufacturing processes. Chip mounters equipped with IoT sensors can communicate with other machines in the production line, adjusting settings in real-time to accommodate different product configurations or production demands. This flexibility is crucial in meeting the diverse needs of industries such as consumer electronics, automotive, and telecommunications, where product lifecycles are short and customization is increasingly valued by consumers.
Competitive Landscape Analysis
Key players in Global Chip Mounter Market include:
- ASM Pacific Technology (Singapore)
- Fuji Machine Mfg (China)
- Yamaha Motor (Japan)
- JUKI (Japan)
- Hanwha Precision Machinery (South Korea)
- Panasonic (Japan)
- Mycronic (U.S.)
- ITW EAE (U.S.)
- Universal Instruments (U.S.)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
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Market Snapshot, By Type
- Market Snapshot, By Technology
- Market Snapshot, By Application
- Market Snapshot, By Region
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- Global Chip Mounter Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological advancements
- Consumer electronics
- Automotive electronics
- Restraints
- High Cost
- Technical Complexity
- Skilled Labor
- Opportunities
- Consumer Electronics
- Automotive Electronics
- Industry 4.0
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
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Chip Mounter Market, By Type, 2021 - 2031 (USD Million)
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High Speed Chip Mounters
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Medium Speed Chip Mounters
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Low Speed Chip Mounters
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Chip Mounter Market, By Technology, 2021 - 2031 (USD Million)
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SMT
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THT
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- Chip Mounter Market, By Application, 2021 - 2031 (USD Million)
- Communications
- Computers
- Consumer Electronics
- Automotive
- Other
- Chip Mounter Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
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- Competitive Landscape
- Company Profiles
- ASM Pacific Technology (Singapore)
- Fuji Machine Mfg (China)
- Yamaha Motor (Japan)
- JUKI (Japan)
- Hanwha Precision Machinery (South Korea)
- Panasonic (Japan)
- Mycronic (U.S.)
- ITW EAE (U.S.)
- Universal Instruments (U.S.)
- Company Profiles
- Analyst Views
- Future Outlook of the Market