Fully Automatic Insertion Machine Market Growth Analysis | 2021-2026

Market Insights

The fully automatic insertion machine market size was estimated at USD 425.6 million in 2020 and is likely to grow at a CAGR of 2.0% during 2021-2026 to reach USD 478.1 million in 2026.

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What is an Automatic Insertion Machine?

Automatic Insertion Machine, that is, some of the regular electronic components automatically, which is also referred to ‘automatic plug-in machine’ standard inserted in the printed circuit board conductive through-hole in the mechanical equipment.

COVID-19 Impact on Fully Automatic Insertion Machine Market

The COVID-19 outbreak has significantly affected the fully automatic insertion machine industry. This is mainly attributed to limited workforce and temporary shutdown in operations in various industries including energy & power systems and household industry. Moreover, supply chain disruption and interstate band on transportation further affected the market growth.

Key Players

Key players operating in the fully automatic insertion machine market are-

• UIC (The U.S),
• Panasonic (Japan),
• Juki (Japan),
• Mirae (South Korea),
• FINECS (Japan),
• TDK (Japan),
• Southern Machinery (Ireland),
• Yamaha (Japan),
• Fuji (Japan), and
• Techwin (South Korea)

Market Dynamics

Rising demand for high-scale production in the assembly process of consumer electronics for pushing reeled press-fit and through-hole components into PCBs is a key factor augmenting the market growth. In addition, consistent demand for higher performance has resulted in a growing need for enhanced automobile electronics such as telematics and in-car entertainment systems, thus bolstering the industry growth in the coming years.

Segment's Analysis

Application Trends

Based on application, the fully automatic insertion machine market is classified into energy & power systems, household industry, electronic products, and others.

• The electronic products segment held a significant share in 2020 and is projected to grow at the highest CAGR during the assessment period.
• This is mainly attributed to growing need for high-accuracy product miniaturization, flexibility, and enhanced speed in electronic sector, which further bolsters the segment growth.

Regional Trends

By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years.

• This is mainly ascribed to the strong consumer electronics sector in China, IC manufacturing firms in Taiwan, presence of large number of integrated device manufacturers, innovations and developments in semiconductor manufacturing in South Korea and technological advancements in automotive manufacturing capabilities in Japan, which further proliferates the regional market growth.

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Critical Questions Answered in the Report

• What are the key trends in the fully automatic insertion machine market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the fully automatic insertion machine market?
• What are the key strategies adopted by the major vendors to lead in the fully automatic insertion machine market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Fully automatic insertion machine market hopes to have the greatest opportunity to convert-

• Fully automatic insertion machine vendors
• Fully automatic insertion machine retailers
• Consumer electronic companies
• Energy companies

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