Chip Mounter Market Outlook

The global chip mounter market size reached a value of approximately USD 5.20 billion in 2024 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.80% during the forecast period from 2025 to 2034. By the end of the forecast period, the market is expected to reach a value of USD 8.31 billion. The expansion of electric vehicles (EVs), the rise of 5G technology, and the increasing complexity of electronics in consumer devices and the automotive sector are key factors driving the growth of the chip mounter market.

Chip mounters are critical in the manufacturing of electronic components, enabling precise placement of chips on printed circuit boards (PCBs). As the demand for more advanced, high-density components increases across industries such as automotive, telecommunications, and consumer electronics, the need for high-speed, precise chip mounters continues to grow. Electric vehicles, which contain over 3,000 electronic components, and the rollout of 5G networks, with their advanced components, further fuel the demand for efficient and sophisticated chip mounting solutions.

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Chip Mounter Market Trends

Several trends are shaping the chip mounter market, with the most notable being the rise of electric vehicles (EVs). EVs are rapidly becoming more mainstream, and their complex electronic systems, including batteries, infotainment systems, and electric drivetrains, are driving the demand for chip mounters. EV manufacturers require advanced equipment capable of handling high-density components for both assembly and testing. As the adoption of EVs increases, the chip mounter market is expected to see sustained growth.

Another significant trend is the rise of 5G technology, which necessitates the production of advanced telecommunications equipment capable of supporting high-speed, high-frequency transmissions. The rollout of 5G infrastructure requires chip mounters that can handle the complexity of 5G components, which are smaller, denser, and require more precise mounting than traditional components. As 5G infrastructure is deployed globally, the demand for chip mounters designed to meet these requirements will continue to grow.

In addition, the increasing complexity of consumer electronics is another driving force. As devices like smartphones, laptops, wearables, and home appliances become more advanced, manufacturers require more precise and high-speed chip mounting systems to handle the intricate designs and numerous components of these products. This trend is particularly prominent in the consumer electronics sector, where the demand for miniaturisation and high-performance electronics is accelerating.

Moreover, the automotive sector’s adoption of advanced electronics, such as autonomous driving systems, infotainment, and electric vehicle technologies, is creating new opportunities for the chip mounter market. As automotive systems become more complex, chip mounters capable of handling high-density and small components are increasingly in demand.

Chip Mounter Market Growth

The chip mounter market is poised for strong growth, driven by the increasing demand for advanced electronics in sectors such as automotive, telecommunications, and consumer electronics. The market is projected to grow at a CAGR of 4.80% from 2025 to 2034, with the growing need for more sophisticated, precise, and high-speed chip mounters leading to increased market demand.

North America and Europe are expected to be key markets for chip mounters, driven by the presence of leading consumer electronics manufacturers, automotive companies, and telecommunications infrastructure providers. The United States, Canada, Germany, and the United Kingdom are expected to remain dominant players in these regions, with continued growth in industries such as automotive manufacturing, telecommunications, and consumer electronics.

The Asia Pacific region, particularly China, Japan, and India, is anticipated to witness the highest growth due to the region’s strong manufacturing base, rapid industrialisation, and increasing demand for electronics in automotive, consumer, and telecommunications sectors. As the region continues to be a hub for electronic manufacturing, the demand for chip mounters will increase significantly.

In Latin America and the Middle East and Africa, the chip mounter market is expected to grow steadily, driven by increasing investments in telecommunications infrastructure, automotive electronics, and consumer electronics manufacturing.

Chip Mounter Market Segmentation

The global chip mounter market is segmented by technology, application, and region. These segments reflect the diverse needs and demands across different industries and regions.

Breakup by Technology:

• Hole Technology: Hole technology is a traditional method in chip mounting where components are inserted into holes on the PCB. Although this technology is gradually being replaced by newer methods, it is still used in some applications requiring robust connections and durability.
• Surface Mount Technology (SMT): SMT is the most commonly used technology in modern chip mounting. It allows components to be directly mounted on the surface of the PCB, enabling higher efficiency, speed, and miniaturisation of devices. SMT is widely used in consumer electronics, automotive, and telecommunications applications.
• Fine Pitch Technology: Fine pitch technology is used for mounting very small components on PCBs with a high density of components. It is essential for applications that require high precision and miniaturisation, such as smartphones, wearables, and advanced automotive systems.

Breakup by Application:

• Consumer Electronics: Consumer electronics, including smartphones, tablets, wearables, and home appliances, are the largest market for chip mounters. As the demand for smaller, more powerful devices grows, the need for chip mounters that can handle high-density, miniaturised components continues to rise.
• Medical: The medical sector is increasingly adopting electronic devices, such as diagnostic tools, patient monitoring systems, and wearable health devices. These devices require precise and reliable chip mounting, which is driving the demand for chip mounters in the medical sector.
• Automotive: The automotive sector is embracing advanced electronics in areas such as autonomous driving, electric vehicles, and infotainment systems. As vehicles become smarter and more connected, the demand for chip mounters capable of handling the increasing number of electronic components is growing.
• Telecommunication: The rise of 5G networks and the need for advanced telecommunications infrastructure are driving the demand for chip mounters in this sector. These mounters need to handle high-density components for high-frequency, high-performance equipment.
• Others: Other applications for chip mounters include industrial machinery, aerospace, and defense, where electronics are used for advanced control systems, sensors, and other precision components.

Breakup by Region:

• North America: The United States and Canada are expected to continue leading the chip mounter market, driven by their strong presence in consumer electronics, automotive, and telecommunications sectors. The rapid adoption of 5G and electric vehicles is further fueling demand.
• Europe: The European market, with key countries like Germany, the United Kingdom, and France, will continue to grow, particularly in the automotive and telecommunications industries. Europe is also home to some of the world’s leading consumer electronics manufacturers.
• Asia Pacific: Asia Pacific is projected to experience the highest growth due to the booming manufacturing sector in China, Japan, and India. The region’s strong presence in electronics manufacturing and rapid adoption of electric vehicles will drive the demand for chip mounters.
• Latin America: Brazil, Argentina, and Mexico are expected to contribute to steady growth in Latin America, driven by the increasing demand for consumer electronics and automotive manufacturing.
• Middle East and Africa: The Middle East and Africa will see moderate growth in the chip mounter market, with demand driven by telecommunications infrastructure projects and growing automotive electronics needs in countries such as Saudi Arabia, the UAE, and South Africa.

Market Key Players

The global chip mounter market features several prominent players involved in the development and supply of advanced chip mounting solutions. Key players in the market include:

• Hanwha Group: Hanwha is a global leader in the chip mounter market, known for its high-speed, precise mounting solutions for a variety of industries, including consumer electronics, automotive, and telecommunications.
• JUKI Corporation: JUKI is a leading manufacturer of chip mounters, offering innovative and high-precision equipment used in the assembly of electronic components for various applications.
• Others: Other notable players in the market include companies like Yamaha Motor Co., Ltd., Fuji Machine Manufacturing Co., Ltd., and Mycronic AB, which are continually innovating to meet the growing demand for high-performance chip mounters.