World News: 18:54 GMT Friday 10th August 2018. [Research and Markets via Businesswire via SPi World News]
The "Chip Mounter Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Chip mounter market was valued at US$3.731 billion in 2017 and is expected to expand at a CAGR of 4.70% over the forecast period to reach US$4.913 billion by 2023.
Advancements in semiconductor technologies along with miniaturization of electronics and electrical components is boosting the development of devices with circuitry within the same chip, and in turn is augmenting the demand for chip mounter across different industries. Increasing sales of IoT and connected smart home appliances is further contributing to the growth of chip mounter market.
By technology, the demand for SMT is escalating significantly for improving the performance while reducing the size of ICs. Geographically, APAC dominates the chip mounter market owing to the presence of a large number of manufacturers in the region coupled with booming consumer electronics and automotive industries in countries like China, India, and South Korea.
Major industry players profiled as part of the report are OHASHI ENGINEERING, JUKI Corporation, and Hitachi High-Technologies Corporation among others.
Chip mounter market has been analyzed through following segments:
For more information about this report visit https://www.researchandmarkets.com/research/v6s3pj/3_73_bn_chip?w=4
Business Wire: 18:54 GMT Friday 10th August 2018
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