Advanced Packaging And Cutting Equipment Market
Advanced Packaging and Cutting Equipment Market Forecasts to 2030 - Global Analysis By Type (Cutting Machine, Scribing Machine, Packaging machines, Rotary die, Capping machines, CNC machine, Dicing Machine, Lamination Machine and Other Types), Material, Component, Technology, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $31.7 BN |
|
Projected Year Value (2030) |
US $61.2 BN |
|
CAGR (2023 - 2030) |
9.84% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Advanced Packaging and Cutting Equipment Market is accounted for $31.7 billion in 2023 and is expected to reach $61.2 billion by 2030 growing at a CAGR of 9.84% during the forecast period. A type of equipment and technology known as "advanced packaging and cutting equipment" is used in a number of different sectors to effectively package, process, and cut materials or products. These cutting-edge solutions are intended to boost quality control, decrease waste, and enhance production processes in manufacturing and packaging operations. Technology advancements continue to spur innovation in this area, resulting in more effective and adaptable machinery.
According to India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth $ 32.35 billion by 2025.
Market Dynamics:
Driver:
Increased efficiency
Modern machinery automates the cutting and packing operations, lowering manual labor requirements and boosting productivity. Quicker output and shorter manufacturing times result from quicker processing rates. Advanced machinery ensures that items are regularly cut to the proper size and form via the use of accurate measurements and cutting methods. This accuracy lowers waste and raises the caliber of the final product. These are the elements driving the market's expansion.
Restraint:
Limited Flexibility
Some cutting and packing technology may not be flexible enough to accommodate a variety of product variants or packaging designs. For companies that need to alter their manufacturing lines often, this constraint might be an issue. It can be challenging to integrate new equipment into current production lines and may call for alterations or improvements to other steps in the manufacturing process. Consequently, this hinders market growth.
Opportunity:
Enhanced safety
Safety elements like sensors, emergency stop mechanisms, and protective barriers are frequently incorporated into advanced technology to lower the chance of accidents and injuries. Automation can reduce the amount of time operators are exposed to potentially dangerous jobs. Improved inventory management and product monitoring across the supply chain are made possible by the integration of cutting-edge packaging equipment with tracking and traceability systems. Therefore, these are the elements driving the market's expansion.
Threat:
High initial cost
The cost of installing and buying cutting-edge packing equipment might be high. For new or small firms, this upfront cost can be a major obstacle. To make sure that they function properly, this equipment frequently needs routine maintenance. Over time, maintenance costs, such as those for replacement components, technician fees, and downtime for repairs, can mount. These are the things that are impeding the market's expansion.
Covid-19 Impact:
The pandemic affected the manufacturing and distribution of sophisticated packaging and cutting machinery by upsetting global supply systems. Many manufacturers experienced issues with the delivery of necessary parts and supplies, which affected their capacity to complete orders. Due to economic uncertainty and lockdown measures, several sectors that significantly rely on sophisticated packaging and cutting technology, such as the automotive and aerospace industry, saw a decline in demand during the epidemic. As a result, fewer equipment orders were placed.
The cutting machine segment is expected to be the largest during the forecast period
The cutting machine segment is expected to be the largest during the forecast period. A cutting machine is a device that grinds, shaves, snips, shears, or otherwise removes material from a work piece using one or more abrasives. Horizontal and vertical machining centers are the two most used types of cutting equipment. Vertical machining centers are used to create 45-degree cuts and other sharp angles, whereas horizontal machining centers are used to produce straight cuts.
The automotive electronics segment is expected to have the highest CAGR during the forecast period
The automotive electronics segment is expected to have the highest CAGR during the forecast period. The need for automotive electronics is rising as more consumers choose high-tech automobiles, which necessitate premium packaging for electrical components. Over the next years, consumer electronics are expected to experience significant growth due to the quickly rising demand for portable devices like smartphones, tablets, and PC accessories like laptops and Netbooks, as well as an increase in consumer disposable income.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to increase in disposable income among the population has spurred the demand for advanced packaging solutions. The use of more advanced technologies by the energy and power sector has boosted market expansion. During the market's forecast period, it is also anticipated that the increasing use of microcontrollers and microprocessors in consumer electronics and electric cars would fuel demand for advanced packaging solutions.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The availability of cutting-edge technology, the soaring demand for smart gadgets, and the ongoing rise of the region's industrial industries are all credited with this astounding increase. A number of non-profit organizations actively engage in the development of improved power infrastructure, further accelerating the expansion of the advanced packaging sector and advancing packaging technology.
Key players in the market
Some of the key players in Advanced Packaging and Cutting Equipment Market include Microchip Technology Inc., ASM Pacific, Teradyne, Advantest, COHU Semiconductor Equipment Group, Intel, SUSS Microtec, Tokyo Seimitsu, Samsung Electronics Co. Ltd, Applied Material, Shinkawa, Hitachi, Toray Engineering, DISCO and KulickeandSoffa.
Key Developments:
In August 2023, Samsung announced its collaboration with Intel to deliver cutting-edge vRAN solutions with enhanced performance to meet rising capacity demands.
In July 2023, Microchip Technology Incorporated announced a multi-year initiative to invest approximately $300 million in expanding its operations in India.
In June 2023, Intel announced that it is using its own EMIB packaging technology for its new Xeon Scalable processors. EMIB is a 2.5D packaging technology that can integrate multiple dies on a single substrate.
Types Covered:
• Cutting Machine
• Scribing Machine
• Packaging machines
• Rotary Die
• Capping Machines
• CNC Machine
• Dicing Machine
• Lamination Machine
• Other Types
Materials Covered:
• Metal
• Ceramic
• Plastic
• Hybrid
• Glass
• Other Materials
Components Covered:
• Software
• Hardware
• Services
• Other Components
Technologies Covered:
• Laser-Based
• Mechanical
• Waterjet
• Plasma
• Other Technologies
Applications Covered:
• Consumer Electronics
• Automotive Electronics
• Communication
• Aerospace & Defense
• Industrial
• Healthcare
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Advanced Packaging and Cutting Equipment Market, By Type
5.1 Introduction
5.2 Cutting Machine
5.3 Scribing Machine
5.4 Packaging Machines
5.5 Rotary Die
5.6 Capping Machine
5.7 CNC machine
5.8 Dicing Machine
5.9 Lamination Machine
5.10 Other Types
6 Global Advanced Packaging and Cutting Equipment Market, By Material
6.1 Introduction
6.2 Metal
6.3 Ceramic
6.4 Plastic
6.5 Hybrid
6.6 Glass
6.7 Other Materials
7 Global Advanced Packaging and Cutting Equipment Market, By Component
7.1 Introduction
7.2 Software
7.3 Hardware
7.4 Services
7.5 Other Components
8 Global Advanced Packaging and Cutting Equipment Market, By Technology
8.1 Introduction
8.2 Laser-Based
8.3 Mechanical
8.4 Waterjet
8.5 Plasma
8.6 Othe Technologies
9 Global Advanced Packaging and Cutting Equipment Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.3 Automotive Electronics
9.4 Communication
9.5 Aerospace & Defense
9.6 Industrial
9.7 Healthcare
9.8 Other Applications
10 Global Advanced Packaging and Cutting Equipment Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Microchip Technology Inc.
12.2 ASM Pacific
12.3 Teradyne
12.4 Advantest
12.5 COHU Semiconductor Equipment Group
12.6 Intel
12.7 SUSS Microtec
12.8 Tokyo Seimitsu
12.9 Samsung Electronics Co. Ltd
12.10 Applied Material
12.11 Shinkawa
12.12 Hitachi
12.13 Toray Engineering
12.14 DISCO
12.15 KulickeandSoffa
List of Tables
1 Global Advanced Packaging and Cutting Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Advanced Packaging and Cutting Equipment Market Outlook, By Type (2021-2030) ($MN)
3 Global Advanced Packaging and Cutting Equipment Market Outlook, By Cutting Machine (2021-2030) ($MN)
4 Global Advanced Packaging and Cutting Equipment Market Outlook, By Scribing Machine (2021-2030) ($MN)
5 Global Advanced Packaging and Cutting Equipment Market Outlook, By Packaging Machines (2021-2030) ($MN)
6 Global Advanced Packaging and Cutting Equipment Market Outlook, By Rotary Die (2021-2030) ($MN)
7 Global Advanced Packaging and Cutting Equipment Market Outlook, By Capping Machines (2021-2030) ($MN)
8 Global Advanced Packaging and Cutting Equipment Market Outlook, By CNC Machine (2021-2030) ($MN)
9 Global Advanced Packaging and Cutting Equipment Market Outlook, By Dicing Machine (2021-2030) ($MN)
10 Global Advanced Packaging and Cutting Equipment Market Outlook, By Lamination Machine (2021-2030) ($MN)
11 Global Advanced Packaging and Cutting Equipment Market Outlook, By Other Types (2021-2030) ($MN)
12 Global Advanced Packaging and Cutting Equipment Market Outlook, By Material (2021-2030) ($MN)
13 Global Advanced Packaging and Cutting Equipment Market Outlook, By Metal (2021-2030) ($MN)
14 Global Advanced Packaging and Cutting Equipment Market Outlook, By Ceramic (2021-2030) ($MN)
15 Global Advanced Packaging and Cutting Equipment Market Outlook, By Plastic (2021-2030) ($MN)
16 Global Advanced Packaging and Cutting Equipment Market Outlook, By Hybrid (2021-2030) ($MN)
17 Global Advanced Packaging and Cutting Equipment Market Outlook, By Glass (2021-2030) ($MN)
18 Global Advanced Packaging and Cutting Equipment Market Outlook, By Other Materials (2021-2030) ($MN)
19 Global Advanced Packaging and Cutting Equipment Market Outlook, By Component (2021-2030) ($MN)
20 Global Advanced Packaging and Cutting Equipment Market Outlook, By Software (2021-2030) ($MN)
21 Global Advanced Packaging and Cutting Equipment Market Outlook, By Hardware (2021-2030) ($MN)
22 Global Advanced Packaging and Cutting Equipment Market Outlook, By Services (2021-2030) ($MN)
23 Global Advanced Packaging and Cutting Equipment Market Outlook, By Other Components (2021-2030) ($MN)
24 Global Advanced Packaging and Cutting Equipment Market Outlook, By Technology (2021-2030) ($MN)
25 Global Advanced Packaging and Cutting Equipment Market Outlook, By Laser-Based (2021-2030) ($MN)
26 Global Advanced Packaging and Cutting Equipment Market Outlook, By Mechanical (2021-2030) ($MN)
27 Global Advanced Packaging and Cutting Equipment Market Outlook, By Waterjet (2021-2030) ($MN)
28 Global Advanced Packaging and Cutting Equipment Market Outlook, By Plasma (2021-2030) ($MN)
29 Global Advanced Packaging and Cutting Equipment Market Outlook, By Othe Technologies (2021-2030) ($MN)
30 Global Advanced Packaging and Cutting Equipment Market Outlook, By Application (2021-2030) ($MN)
31 Global Advanced Packaging and Cutting Equipment Market Outlook, By Consumer Electronics (2021-2030) ($MN)
32 Global Advanced Packaging and Cutting Equipment Market Outlook, By Automotive Electronics (2021-2030) ($MN)
33 Global Advanced Packaging and Cutting Equipment Market Outlook, By Communication (2021-2030) ($MN)
34 Global Advanced Packaging and Cutting Equipment Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
35 Global Advanced Packaging and Cutting Equipment Market Outlook, By Industrial (2021-2030) ($MN)
36 Global Advanced Packaging and Cutting Equipment Market Outlook, By Healthcare (2021-2030) ($MN)
37 Global Advanced Packaging and Cutting Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 2 North America Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 3 US Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 4 Canada Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 6 Europe Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 7 Germany Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 8 UK Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 9 Italy Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 10 France Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 11 Spain Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 14 Japan Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 15 China Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 16 India Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 17 Australia Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 21 South America Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 24 Chile Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 28 UAE Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Advanced Packaging and Cutting Equipment Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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