Pin Insertion Machine Market - Forecast(2024 - 2030)

Report Code: ESR 59847 Report Format: PDF + Excel

Pin Insertion Machine Market Overview

Pin Insertion Machine market size is projected to reach US$ 270 Million by 2026, and it is estimated to grow at around CAGR 5.6% during 2021-2026.Increasing penetration of digitization, electronic mobility leveraging IoT enabled connected portable devices including high end smartphones, smart wears and the rising demand for miniaturization of electronic products are the major factors driving the demand for pin insertion machines to facilitate efficient and seamless electronic component assembly. Growth in hyperscale data centers raising the need for electronic products such as touchscreen panel, LED monitors and motherboards is accelerating the demand for pin insertion machines in printed circuit board (PCB) assembly lines to offer high accuracy PCB systems with robust and reliable electrical connections. The growing adoption of evolving technologies in automotive sector such as advanced driver assistance system (ADAS), intelligent parking assistance systems are continuously creating the requirement of more electrical interconnections within a smaller packaging space and thus contributing to the Pin Insertion Machine market growth.

Pin Insertion Machine Market Report Coverage

The report: “Pin Insertion Machine Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pin Insertion Machine Market.

By Technology: Press-fit technology, Surface Mount technology, Through-hole technology
By Method: Manual, Semi-automatic, Fully-automatic
By Industry Vertical: Automotive, aerospace & defense, Healthcare, Consumer Electronics, Food & beverages, Power, Utilities, Logistics & transportation, Oil & Gas, Chemical, Agriculture, Others
By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America(Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • Consumer electronics is estimated to account for the largest market share by 2026 due to rising penetration of connected devices including high end smartphones and smart wears.
  • APAC is estimated to dominate the market during 2021-2026 owing to rising investments in semiconductor manufacturing facilities.
  • Increasing Penetration of connected cars and evolving trend of miniaturization of electronic devices are analyzed to stimulate the market during forecast period 2021-2026.
  • High deployment cost is one of the challenges impeding the Pin Insertion Machine Market growth.

Global Pin Insertion Machine Market Share (US$M) By Region, 2020 (by %)

 

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Pin Insertion Machine Market Segment Analysis- By Technology

By technology, Pin Insertion Machine Market has been segmented under Press-fit technology, Surface Mount technology and Through-hole technology. Press Fit technology dominated the market in 2020 and is estimated to hold the majorPin Insertion Machine Marketacquiring a share of 48% by 2026 owing to huge adoption of press fit technology in PCB assembly line for high speed, precise pin insertion to reduce processing time. Press-fit technology is widely adopted by semiconductor device manufacturers over conventional soldering process. This technology exhibits high reliability, high mechanical retaining force, high speed assembly process and no thermal stress on a PCB or connector. Such advanced and beneficiary capabilities of press fit technology are augmenting the growth of pin insertion machine market.

Pin Insertion Machine Market Segment Analysis- By Industry Vertical

By industry vertical, Pin Insertion Machine Market has been segmented into Automotive, aerospace & defense, Healthcare, Consumer Electronics, Food & beverages, Power, Utilities, Logistics & transportation, Oil & Gas, Chemical, Agriculture and Others. Consumer electronics is estimated to account for the largest market share by 2026 due to burgeoning demand for IoT enabled connected devices among consumers. The growth in data centers and cloud computing solutions is significantly increasing the demand for touchscreen panels, LED monitors and motherboard. The ongoing trend of miniaturization of electronic components is bolstering the pin insertion machine market for offering precise insertion of connectors on PCBs.

Pin Insertion Machine Market Segment Analysis- By Geography

By Geography, Pin Insertion Machine Market has been segmented under North America, Europe, APAC, South America and RoW. APAC dominated the market in 2020 owing to rapid penetration of connected devices and rising investments in semiconductor manufacturing sector. The huge demand for consumer electronics in this region is set to drive the market. South Korean government announced to invest nearly USD 1.3 billion in the next decade for the next-generation Intelligent Semiconductor Technology Development Project developing innovative technologies and establishing manufacturing hubs for the development of next-generation chips, thereby creating new opportunities for pin insertion machine manufacturers. There has been a high adoption of electric vehicles in APAC region.The introduction of various advanced electronic devices in electric or hybrid cars is augmenting the need forminiaturization of electronic components. The functional requirement for electronic devices to work reliably in a defined congested space or harsh environmental conditions are generating significant demand for pin insertion machines.

Pin Insertion Machine Market Drivers

Increasing demand for miniaturization of electronic devices

Increasing adoption of IoT enabled connected devices to optimize real time applications is augmenting the market. Rising growth in miniaturization of electronic devices for accelerating portability is enabling interoperable, ubiquitous communication among smart connected devices is fostering the demand for pin insertion machines. The miniaturization has led to greater component density in PCB assembly and thus pin insertion machine has become mandatory in electronics manufacturing sector for inserting connectors or components inprinted circuit board (PCB) assembly process. Increasing investments towards digital transformations in business organizations to generate new business outcomes utilizing artificial intelligence, machine learning platform is generating new revenue pockets for Pin Insertion Machine Market.

Rising adoption of connected vehicles

The rapid transition of automotive industries towards advancement of vehicles to achieve an immersive experience is stimulating the market. The advanced electronic devices used in connected vehicles featuring ADAS, infotainment, V2X communication technology, adaptive cruise control, intelligent parking assistance system and other AI based applications require more electrical interconnections in the limited interior space of the vehicle and thus increasing the demand for the pin insertion machine offering efficient, high-speed assembly of interconnect components in advanced automotive electronics.

Pin Insertion Machine Market Challenges

Requirement of high budget

Enterprises need huge capital to deploy semi-automatic and automatic machinery for pin insertion. Thus, many small and medium business enterprises are still reluctant to adopt this pin insertion machines due to budget constraint. However, significant investments on R&D is set to offset this challenge and promote a healthy growth during the later stages of 2021-2026.

Pin Insertion Machine Market Landscape

Product innovations, Acquisitions,Collaboration, and R&D activities are key strategies adopted by players in the Pin Insertion Machine market.In 2020, the market of Pin Insertion Machine industry outlook has been fragmented by several companies. Pin Insertion Machine top 10 companies include Advanced Mechatronics Solutions, CMS Electronics GmbH, HARMONTRONICS, TE Connectivity Ltd., Assembly & Automation Technology Inc., Eberhard, AutospliceInc, UMG Technologies, Spirol International Corporation, Lazipurand others.

Acquisitions/Product Innovations

  • In July 2021, TE Connectivity announced to sign a definite agreement for the acquisition of ERNI Group AG to expand its connectivity product portfolio particularly in high-speed and fine-pitch connectors for factory automation, automotive, medical and other industrial applications.
  • In November 2019, SPIROL International Corporation announced the opening of new manufacturing facility in Apodaca, Mexico to incorporate new technologies in product handling, process control and product inspection.

Relevant Report Titles:

PCB Design Software Market – Forecast (2021 - 2026)

Report Code: ESR 0094

Surface Mount Technology Market – Forecast (2021 - 2026)

Report Code: ESR 0185

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1. Pin Insertion Machine Market Overview
    1.1 Definitions and Scope
2. Pin Insertion Machine Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Service Type
    2.3 Key trends segmented by Geography
3. Pin Insertion Machine Market
    3.1 Comparative Analysis
        3.1.1 Product/Service Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Pin Insertion Machine Market – By Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital Funding
5. Pin Insertion Machine Market – By Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework
    5.2 Customer Analysis
    5.3 Case Studies
    5.4 Ease of Doing Business Index
6. Pin Insertion Machine Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model 
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Network of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Network of substitutes
7. Pin Insertion Machine Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Pin Insertion Machine Market – By Technology
    8.1 Press Fit
    8.2 Surface Mount
    8.3 Through-hole
9. Pin Insertion Machine Market – By Method
    9.1 Manual
    9.2 Semi-automatic
    9.3 Fully-automatic
10. Pin Insertion Machine Market - By Industry Vertical
    10.1 Automotive
    10.2 Aerospace & Defense
    10.3 Healthcare
    10.4 Food & Beverage
    10.5 Consumer Electronics
    10.6 Power
    10.7 Utility
    10.8 Oil & gas
    10.9 Logistics & transportation
    10.10 Chemical
    10.11 Others
11. Pin Insertion Machine Market – By Region
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada 
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Rest of South America
    11.3 Europe
        11.3.1 Germany
        11.3.2 France
        11.3.3 UK
        11.3.4 Italy
        11.3.5 Spain
        11.3.6 Russia
        11.3.7 Rest of Europe
    11.4 APAC
        11.4.1 China
        11.4.2 Japan
        11.4.3 South Korea
        11.4.4 India
        11.4.5 Australia
        11.4.6 Rest of APAC
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Pin Insertion Machine Market - Industry Landscape Analysis (Premium)
    12.1 Market Share by Region
    12.2 Market Share by Industry
    12.3 Market Share by Type
13. Pin Insertion Machine Market - Key Companies by Country (Premium)
14. Pin Insertion Machine Market Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Pin Insertion Machine Market - Company Analysis
    15.1 TE Connectivity Ltd.
    15.2 CMS Electronics GmbH
    15.3 Spirol International Corporation
    15.4 AutospliceInc
    15.5 UMG Technologies
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10

LIST OF TABLES

1.Global Pin Insertion Machine Market, By Technology Market 2023-2030 ($M)
1.1 Press-Fit Technology Market 2023-2030 ($M) - Global Industry Research
1.1.1 Advantage Of Press-Fit Technology Market 2023-2030 ($M)
1.2 Surface-Mount Technology Market 2023-2030 ($M) - Global Industry Research
1.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 ($M)
1.3 Through-Hole Technology Market 2023-2030 ($M) - Global Industry Research
2.Global Pin Insertion Machine Market, By Method Market 2023-2030 ($M)
2.1 Manual Method Market 2023-2030 ($M) - Global Industry Research
2.2 Semi-Automatic Method Market 2023-2030 ($M) - Global Industry Research
2.3 Fully Automatic Method Market 2023-2030 ($M) - Global Industry Research
3.Global Pin Insertion Machine Market, By Industry Market 2023-2030 ($M)
3.1 Telecommunication Market 2023-2030 ($M) - Global Industry Research
3.2 Consumer Electronics Market 2023-2030 ($M) - Global Industry Research
3.3 Aerospace & Defense Market 2023-2030 ($M) - Global Industry Research
3.4 Automotive Market 2023-2030 ($M) - Global Industry Research
3.5 Medical Market 2023-2030 ($M) - Global Industry Research
3.6 Industrial Machinery Market 2023-2030 ($M) - Global Industry Research
3.7 Energy & Power System Market 2023-2030 ($M) - Global Industry Research
4.Global Pin Insertion Machine Market, By Technology Market 2023-2030 (Volume/Units)
4.1 Press-Fit Technology Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Advantage Of Press-Fit Technology Market 2023-2030 (Volume/Units)
4.2 Surface-Mount Technology Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 (Volume/Units)
4.3 Through-Hole Technology Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Pin Insertion Machine Market, By Method Market 2023-2030 (Volume/Units)
5.1 Manual Method Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Semi-Automatic Method Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Fully Automatic Method Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Pin Insertion Machine Market, By Industry Market 2023-2030 (Volume/Units)
6.1 Telecommunication Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Consumer Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Aerospace & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Medical Market 2023-2030 (Volume/Units) - Global Industry Research
6.6 Industrial Machinery Market 2023-2030 (Volume/Units) - Global Industry Research
6.7 Energy & Power System Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Pin Insertion Machine Market, By Technology Market 2023-2030 ($M)
7.1 Press-Fit Technology Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Advantage Of Press-Fit Technology Market 2023-2030 ($M)
7.2 Surface-Mount Technology Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 ($M)
7.3 Through-Hole Technology Market 2023-2030 ($M) - Regional Industry Research
8.North America Pin Insertion Machine Market, By Method Market 2023-2030 ($M)
8.1 Manual Method Market 2023-2030 ($M) - Regional Industry Research
8.2 Semi-Automatic Method Market 2023-2030 ($M) - Regional Industry Research
8.3 Fully Automatic Method Market 2023-2030 ($M) - Regional Industry Research
9.North America Pin Insertion Machine Market, By Industry Market 2023-2030 ($M)
9.1 Telecommunication Market 2023-2030 ($M) - Regional Industry Research
9.2 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
9.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
9.4 Automotive Market 2023-2030 ($M) - Regional Industry Research
9.5 Medical Market 2023-2030 ($M) - Regional Industry Research
9.6 Industrial Machinery Market 2023-2030 ($M) - Regional Industry Research
9.7 Energy & Power System Market 2023-2030 ($M) - Regional Industry Research
10.South America Pin Insertion Machine Market, By Technology Market 2023-2030 ($M)
10.1 Press-Fit Technology Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Advantage Of Press-Fit Technology Market 2023-2030 ($M)
10.2 Surface-Mount Technology Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 ($M)
10.3 Through-Hole Technology Market 2023-2030 ($M) - Regional Industry Research
11.South America Pin Insertion Machine Market, By Method Market 2023-2030 ($M)
11.1 Manual Method Market 2023-2030 ($M) - Regional Industry Research
11.2 Semi-Automatic Method Market 2023-2030 ($M) - Regional Industry Research
11.3 Fully Automatic Method Market 2023-2030 ($M) - Regional Industry Research
12.South America Pin Insertion Machine Market, By Industry Market 2023-2030 ($M)
12.1 Telecommunication Market 2023-2030 ($M) - Regional Industry Research
12.2 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
12.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
12.4 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.5 Medical Market 2023-2030 ($M) - Regional Industry Research
12.6 Industrial Machinery Market 2023-2030 ($M) - Regional Industry Research
12.7 Energy & Power System Market 2023-2030 ($M) - Regional Industry Research
13.Europe Pin Insertion Machine Market, By Technology Market 2023-2030 ($M)
13.1 Press-Fit Technology Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Advantage Of Press-Fit Technology Market 2023-2030 ($M)
13.2 Surface-Mount Technology Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 ($M)
13.3 Through-Hole Technology Market 2023-2030 ($M) - Regional Industry Research
14.Europe Pin Insertion Machine Market, By Method Market 2023-2030 ($M)
14.1 Manual Method Market 2023-2030 ($M) - Regional Industry Research
14.2 Semi-Automatic Method Market 2023-2030 ($M) - Regional Industry Research
14.3 Fully Automatic Method Market 2023-2030 ($M) - Regional Industry Research
15.Europe Pin Insertion Machine Market, By Industry Market 2023-2030 ($M)
15.1 Telecommunication Market 2023-2030 ($M) - Regional Industry Research
15.2 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
15.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
15.4 Automotive Market 2023-2030 ($M) - Regional Industry Research
15.5 Medical Market 2023-2030 ($M) - Regional Industry Research
15.6 Industrial Machinery Market 2023-2030 ($M) - Regional Industry Research
15.7 Energy & Power System Market 2023-2030 ($M) - Regional Industry Research
16.APAC Pin Insertion Machine Market, By Technology Market 2023-2030 ($M)
16.1 Press-Fit Technology Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Advantage Of Press-Fit Technology Market 2023-2030 ($M)
16.2 Surface-Mount Technology Market 2023-2030 ($M) - Regional Industry Research
16.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 ($M)
16.3 Through-Hole Technology Market 2023-2030 ($M) - Regional Industry Research
17.APAC Pin Insertion Machine Market, By Method Market 2023-2030 ($M)
17.1 Manual Method Market 2023-2030 ($M) - Regional Industry Research
17.2 Semi-Automatic Method Market 2023-2030 ($M) - Regional Industry Research
17.3 Fully Automatic Method Market 2023-2030 ($M) - Regional Industry Research
18.APAC Pin Insertion Machine Market, By Industry Market 2023-2030 ($M)
18.1 Telecommunication Market 2023-2030 ($M) - Regional Industry Research
18.2 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
18.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
18.4 Automotive Market 2023-2030 ($M) - Regional Industry Research
18.5 Medical Market 2023-2030 ($M) - Regional Industry Research
18.6 Industrial Machinery Market 2023-2030 ($M) - Regional Industry Research
18.7 Energy & Power System Market 2023-2030 ($M) - Regional Industry Research
19.MENA Pin Insertion Machine Market, By Technology Market 2023-2030 ($M)
19.1 Press-Fit Technology Market 2023-2030 ($M) - Regional Industry Research
19.1.1 Advantage Of Press-Fit Technology Market 2023-2030 ($M)
19.2 Surface-Mount Technology Market 2023-2030 ($M) - Regional Industry Research
19.2.1 Advantage Of Surface-Mount Technology Market 2023-2030 ($M)
19.3 Through-Hole Technology Market 2023-2030 ($M) - Regional Industry Research
20.MENA Pin Insertion Machine Market, By Method Market 2023-2030 ($M)
20.1 Manual Method Market 2023-2030 ($M) - Regional Industry Research
20.2 Semi-Automatic Method Market 2023-2030 ($M) - Regional Industry Research
20.3 Fully Automatic Method Market 2023-2030 ($M) - Regional Industry Research
21.MENA Pin Insertion Machine Market, By Industry Market 2023-2030 ($M)
21.1 Telecommunication Market 2023-2030 ($M) - Regional Industry Research
21.2 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
21.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
21.4 Automotive Market 2023-2030 ($M) - Regional Industry Research
21.5 Medical Market 2023-2030 ($M) - Regional Industry Research
21.6 Industrial Machinery Market 2023-2030 ($M) - Regional Industry Research
21.7 Energy & Power System Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Pin Insertion Machine Market Revenue, 2023-2030 ($M)
2.Canada Pin Insertion Machine Market Revenue, 2023-2030 ($M)
3.Mexico Pin Insertion Machine Market Revenue, 2023-2030 ($M)
4.Brazil Pin Insertion Machine Market Revenue, 2023-2030 ($M)
5.Argentina Pin Insertion Machine Market Revenue, 2023-2030 ($M)
6.Peru Pin Insertion Machine Market Revenue, 2023-2030 ($M)
7.Colombia Pin Insertion Machine Market Revenue, 2023-2030 ($M)
8.Chile Pin Insertion Machine Market Revenue, 2023-2030 ($M)
9.Rest of South America Pin Insertion Machine Market Revenue, 2023-2030 ($M)
10.UK Pin Insertion Machine Market Revenue, 2023-2030 ($M)
11.Germany Pin Insertion Machine Market Revenue, 2023-2030 ($M)
12.France Pin Insertion Machine Market Revenue, 2023-2030 ($M)
13.Italy Pin Insertion Machine Market Revenue, 2023-2030 ($M)
14.Spain Pin Insertion Machine Market Revenue, 2023-2030 ($M)
15.Rest of Europe Pin Insertion Machine Market Revenue, 2023-2030 ($M)
16.China Pin Insertion Machine Market Revenue, 2023-2030 ($M)
17.India Pin Insertion Machine Market Revenue, 2023-2030 ($M)
18.Japan Pin Insertion Machine Market Revenue, 2023-2030 ($M)
19.South Korea Pin Insertion Machine Market Revenue, 2023-2030 ($M)
20.South Africa Pin Insertion Machine Market Revenue, 2023-2030 ($M)
21.North America Pin Insertion Machine By Application
22.South America Pin Insertion Machine By Application
23.Europe Pin Insertion Machine By Application
24.APAC Pin Insertion Machine By Application
25.MENA Pin Insertion Machine By Application
26.Te Connectivity Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Autosplice Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Spirol International Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Fhrenbach Application Tooling N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cm Electronics Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Finecs Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Assembly & Automation Technology, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Colibri Technology Pte. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Visumatic Industrial Product, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Zierick Manufacturing Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)