CHICAGO, Nov. 27, 2020 /PRNewswire/ -- The report "Pin Insertion Machine Market with COVID-19 impact analysis by Method (Manual, Semi-automatic, and Fully Automatic), Technology (Press-fit, Through-hole, and Surface-mount), Insertion Platform, Application, and Geography - Global Forecast to 2025", published by MarketsandMarkets™, is estimated to be USD 255 million by 2025 (forecast year) from USD 195 million in 2020 (estimated year), at a CAGR of 5.6% between 2020 to 2025. The growth of the pin insertion machine market is fueled by recent innovations in sophisticated automotive electronics, the emerging trend of miniaturization of electronic devices, and rising demand for flexible, cost-effective, and precise techniques for inserting connectors on PCBs. Moreover, factors such as surging demand for portable health monitoring devices amid the COVID-19 pandemic are expected to contribute significantly towards the growth of the market.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59263483
Pin insertion machine market for semi-automatic method expected to hold the largest market share during the forecast period
Semi-automatic pin insertion machine is expected to hold the largest share of the market, by method. An increase in miniaturization, higher production speed, and continuous introduction of new products such as smartphones, wearables, and other consumer electronic products are driving the need for semi-automatic pin insertion machines. Moreover, the rise in the use of press-fit for solderless interconnect components to meet the automotive environment and performance requirements is driving the market for semi-automatic pin insertion machines for the automotive industry during the forecast period.
Plastic connector segment is estimated to be the fastest-growing market during the forecast period
Plastic connectors offer a reliable connector system suited for a wide array of applications, including medical equipment, industrial machinery, automotive, and aerospace and defense. Advancements in automotive safety technologies and networking capabilities have created an increasing demand for these connectors. Moreover, these connectors are increasingly deployed in aerospace and defense applications to address weight optimization challenges. The potential growth of electrical components in industries such as medical, automotive, and aerospace is driving the pin insertion machine market.
Browse in-depth TOC on "Pin Insertion Machine Market"
135 – Tables
49 – Figures
181 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=59263483
APAC is projected to hold the largest share of pin insertion machine market in 2025
APAC is likely to emerge as the largest market for pin insertion machines in 2025. The APAC is a huge adopter of smart electronic devices. The increasing use of complex and compact electronic components in these devices is compelling electronic device manufacturers to invest in automatic pin insertion machines. This has stimulated the demand for pin insertion machines in APAC. Other factors attributing to the market growth include increasing penetration of wireless communication standards and rising demand for 4G/5G networks. Increasing investments in semiconductor manufacturing is also one of the key drivers for the growth of this market in APAC.
The report profiles key players, including TE Connectivity (Switzerland), Autosplice (US), Eberhard (Germany), HARMONTRONICS (China), and UMG Technologies (US). These companies focus on adopting both organic and inorganic growth strategies, such as expansions and new product launches to strengthen their position in the market.
Surface Mount Technology Market by Equipment (Placement, Inspection, Soldering, Screen Printing, Cleaning, Repair & Rework), Application (Consumer Electronics, Automotive, Aerospace & Defense), and Geography - Global Forecast to 2022
Photolithography Equipment Market by Type (i-line, KrF, ArF Dry, ArFi, and EUV), Light Source (Mercury Lamp, Excimer Laser, Fluorine Laser, and Laser Produced Plasma), Wavelength, and Region - Forecast to 2020
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight : https://www.marketsandmarkets.com/ResearchInsight/pin-insertion-machine-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source : https://www.marketsandmarkets.com/PressReleases/pin-insertion-machine.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg