Pin Insertion Machine Market Forecasts to 2028 – Global Analysis By Technology (Press-Fit, Surface-Mount and Others), Insertion Platform (PCB, Coil Frame and Others), Method (Manual, Semi-Automatic and Others), Application and By Geography
According to Stratistics MRC, the Global Pin Insertion Machine Market is accounted for $167.89 million in 2020 and is expected to reach $299.43 million by 2028 growing at a CAGR of 7.5% during the forecast period. The growing deployment of pin installation machines in surgical instrument assembly and the emerging trends of miniaturization of electronic devices are the major factors propelling the market growth. However, the requirement for huge capital to deploy semi-automatic and automatic machinery for pin insertion is hampering the market growth.
Pin insertion machines are mechanical or automatic devices intended to insert pins into electrical components or a perforated electronic component into through-holes in printed circuit boards. These machines permit electronic assembly of interconnections application to printed circuit boards, plastic connectors, and coil frames to support small- to large-scale production.
Based on the technology, the press-fit technology segment holds the largest share in the market due to the high mechanical retaining force, the possibility of double-sided mounting on PCBs, and no thermal stress on the PCB or a connector. This technology is largely preferred by semiconductor device manufacturers and PCB manufacturers, as they offer several advantages over the conventional soldering process.
By geography, the Asia Pacific is going to have a lucrative growth due to factors such as the developing consumer electronics market in China, technological developments in automotive manufacturing capabilities in Japan, and innovations and advancements in semiconductor manufacturing in South Korea.
Some of the key players profiled in the Pin Insertion Machine Market include Assembly & Automation Technology, Inc., Autosplice Inc., CMS Electronics GmbH, Colibri Technologies Pte. Ltd, Finecs Co., Ltd, Fohrenbach Application Tooling N.V., Spirol International Corporation, TE Connectivity Ltd, Visumatic Industrial Products, Zierick Manufacturing Corp, Advanced Mechatronics Solutions, Spirol, Syneo, Teeming Machinery, UMG Technologies, and Universal Instruments.
• Press-Fit Technology
• Surface-Mount Technology
• Through-Hole Technology
Insertion Platforms Covered:
• Printed Circuit Board (PCB)
• Coil Frame
• Lead Frame
• Metal Component
• Plastic Connector
• Fully Automatic
• Aerospace & Defense
• Consumer Electronics
• Energy & Power
• Industrial Machinery
• Information Technology and Telecommunication
• 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
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 2019, 2020, 2021, 2025, and 2028
- 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
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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
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