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. Aided by the rising demand for consumer electronics and the growing adoption of automation in the electronics manufacturing sector, the market is projected to further grow at a CAGR of 4.80% between 2025 and 2034 to reach a value of USD 8.31 Billion by 2034.

Chip mounters, also known as pick-and-place machines, are essential components in the surface-mount technology (SMT) assembly process. They are used to place electronic components onto printed circuit boards (PCBs) with high speed and precision. These machines play a crucial role in the production of smartphones, laptops, automotive electronics, medical devices, and industrial equipment. With advancements in electronic devices requiring smaller and more compact components, chip mounters have become indispensable in modern manufacturing.

The increasing demand for consumer electronics is one of the primary factors driving the global chip mounter market growth. The proliferation of smartphones, tablets, smartwatches, and other connected devices has significantly boosted the need for efficient PCB assembly processes. Additionally, the integration of Internet of Things (IoT) technology in household appliances and industrial applications has further fueled the demand for chip mounters.

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Key Trends and Drivers

The ongoing advancements in semiconductor technology and miniaturization of electronic components are pivotal in shaping the global chip mounter market. The shift towards compact and lightweight electronic devices has led manufacturers to adopt advanced pick-and-place machines with higher accuracy and faster placement speeds.

Automation and Industry 4.0 are also playing a significant role in the expansion of the chip mounter market. Manufacturers are increasingly integrating artificial intelligence (AI), machine learning, and real-time monitoring in chip mounting systems to enhance production efficiency and minimize errors. The incorporation of smart sensors and predictive maintenance capabilities is further optimizing manufacturing processes, thereby contributing to market growth.

Moreover, the rising adoption of electric vehicles (EVs) and advanced driver assistance systems (ADAS) in the automotive sector has bolstered the demand for high-precision electronic components. As vehicles become more reliant on electronic control units (ECUs) and advanced infotainment systems, the need for efficient PCB assembly solutions has surged, further propelling the chip mounter market.

The growing focus on 5G technology and network infrastructure development is another factor augmenting the market expansion. As telecom companies deploy 5G networks worldwide, the demand for advanced networking equipment and base stations has increased. This has subsequently driven the need for chip mounters capable of assembling high-frequency electronic components with precision.

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 and Opportunities

Despite the promising growth prospects, the chip mounter market faces certain challenges. High initial investment costs and maintenance expenses associated with advanced pick-and-place machines can hinder the adoption of chip mounters among small and medium-sized enterprises (SMEs). Moreover, the shortage of skilled labor and technical expertise required for operating automated SMT equipment poses an additional challenge for market expansion.

However, the market presents lucrative opportunities, particularly with the growing emphasis on sustainable electronics manufacturing. The increasing demand for energy-efficient and environmentally friendly production processes has led manufacturers to explore eco-friendly chip mounting solutions. Additionally, the expansion of the electronics industry in emerging economies, driven by government initiatives and favorable trade policies, is expected to create significant growth opportunities for market players.