The chip mounter market is expected to reach USD 9.86 billion by 2034, with a compound annual growth rate (CAGR) of 5.1% during the forecast period of 2024-2034. Chip mounters use electromechanical capabilities to pick up and insert chips with extreme precision, ensuring that components are properly positioned on the printed circuit board. In 2023, the market was estimated to be worth around USD 5.43 billion globally.
A chip mounter is an automated equipment for placing electronic components on printed circuit boards (PCBs), such as integrated circuits (ICs), resistors, capacitors, and other chips. These devices ensure accurate and efficient component placement, which is critical for the manufacture of electrical equipment.

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GROWTH DRIVERS
The consumer electronics industry is developing to give customers with more complex technologies, such as fingerprint sensors in smartphones and smart TVs. The increased desire for smaller devices has resulted in the development of more compact hardware components, such as printed circuit boards, that remain functional even when several elements are assembled.
This is the objective of chip mounting methods, and as a result, the market for chip mounters is expanding as these technologies become more widely adopted.
Chip Mounter Market Key Challenges:
Technical challenges impede the development of high-quality chip mounters, limiting market growth. Chip mounters play an important role in improving industrial efficiency and automating assembly operations. PCB and component miniaturization is unlikely to occur unless mounting efficiencies are consistently improved.
However, in order to meet the demand for miniaturization, mounters must operate with a smaller component spacing on PCBs, which is expected to result in operational faults. End users' operating effectiveness is impacted by equipment customization and problems associated with incorrect placement.
MARKET SEGMENTATION:
· By Technology –
• Hole Technology
• Surface Mount Technology
• Fine pitch Technology
· By Application –
• Consumer Electronics
• Automotive
• Medical
• Telecommunications
• Others
· By Region –
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Global Key Players:
· Hitachi
· Samsung
· Panasonic
· Juki
· ASM Pacific Technology
· Canon
· Essemtec
· Ohashi Engineering
· Nordson
· FAROAD
· Sun Electronic Industries Corporation
· Hanwha Precision Machinery
· Fugi Machine Mfg
· Yamaha
· Others

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