High-Resolution Dispensing Systems and Equipment - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global High Resolution Dispensing Systems and Equipment Market is accounted for $2.20 billion in 2019 and is expected to reach $4.30 billion by 2027 growing at a CAGR of 8.3% during the forecast period. The growing employ of high resolution dispensing systems and equipment in several manufacturing such as automotive and aerospace and defense is the major factor propelling the market growth. However, the responsibility of high resolution dispensing systems and equipment is generally higher than normal providing systems is hampering the market growth.
High resolution dispensing systems and equipment are considered to provide high-capacity performance while at the same time offering safe consumer operation and longer service life. These systems are being at present deployed mostly in electronic applications such as gasketing, encapsulating, shielding, electronic assembly, hot melt molding, and plastic bonding.
Based on the application, the electronics segment is going to have a lucrative growth during the forecast period. The usage of adhesive and sealant dispensers in the electronic manufacturing industry is currently common and they directly contribute to not objective the manufacture of electronics products but also their long-term procedure. Adhesives are mainly used for wire attaching, bonding of surface-mount components, and encapsulating components in the electronics industry.
By geography, Asia Pacific is estimated to have a lucrative growth during the forecast period due to an increasing number of consumer electronics manufacturing companies. China is the main hub as far as the manufacturing and assembly of electronics components is concerned. The export and import value of the electronics produced is China is also on a surge.
Some of the key players profiled in the High Resolution Dispensing Systems and Equipment Market include Nordson, Mycronic, Musashi Engineering, Jensen Global, Illinois Tools Works, Graco, Franklin Fueling Systems, Dover, Besi, and AptarGroup.
• Aerospace and Defense
• Oil and Gas
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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