Global Pin Insertion Machine Market Size, Trends & Analysis - Forecasts to 2026 By Method (Manual Method, Semi-Automatic Method, Fully Automatic Method), By Technology (Surface Mount Technology, Through Hole Technology, Press Fit Technology), By Insertion Platform (PCB, Coil Frame, Lead Frame, Transformer, Plastic Connector, Metal Component), By Application (Telecommunications, Consumer Electronics, Aerospace & Defense, Automotive, Medical, Industry, Energy & Power, Others), By Region (North America, Asia-Pacific, Middle East & Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Pin Insertion Machine Market Insights
The pin insertion machine would follow an upward growth path during the forecast period. The pin insertion technology is a sought out technique which enables interconnections with PCB, plastic connector and coil frames, etc. This method is preferred to complete connectors as they offer cost efficiency and customization at the industrial and commercial level. As Industry 4.0 gains momentum in the global domain and manufacturing units trend towards automation, the need, and demand for pin insertion machine soars in the market space. The influence of IoT greatly shapes the market’s position for the coming years. As data-driven models became a hot commodity in the COVID-19, there is more emphasis on the quality of data. Pin insertion machines enable easy traceability of data stored on a given system.
The varied and multifold applications of pin insertion machine in automotive, consumer electronics, energy & power can positively trigger the demand for the product in the market space. The products that are available in the market domain are the P360 pin insertion machine which supports the high functioning of PC boards or the P100 Pin Insertion Machine which is designed to enable moderate levels and volume of production. The presence of different models to suit the needs of distinct manufacturers gives a competitive outlook to the market, leading it to be placed at a high trajectory growth path in the market domain. As the COVID-19 situation halted the production units globally which led to a decline in industrial revenue also affected the market growth for the machines.
Pin Insertion Machine Market: By Method
Given the different methods used, manual, semi-automatic, and fully automatic form the basic method applied in the market. The fully automatic pin insertion machine would be an accelerator of the market as they enable high production efficiency. They are capable to handle high volume production levels in the manufacturing of electronics. The other factors that will lead to their high usage can be accrued to the rising labor rate and energy cost in regions with lower manufacturing costs. The fully automatic method fulfills the needs of Industry 4.0 with a greater inclination towards flexible production and adjustable PCB.
Pin Insertion Machine Market: By Technology
The types of technology used in the market domain are press-fit, surface mount, and through-hole technology. Press Fit technology will have an advantage over the surface mount and through-hole technology in the market. This technology is becoming an ideal fit for the design and manufacturing of advanced electronics. The design of the press-fit fulfills the needs of the automotive industry by offering standardized interfaces and blade sizes. The technology finds application in the engine bay surrounding and in the passenger compartment. The press-fit is stable in severe environments in the automotive industry and also cost-efficient. Such critical features enable upward growth for the technology discussed.
Pin Insertion Machine Market: By Insertion Platform
The lead frame, plastic connector, metal component, and PCB among others are the divisions of the insertion platform. The PCB connector would be an ideal fit for this market is subjected to fast growth in the aforementioned period. The PCB as an insertion platform serves to reduce the cost, saves time, and also provides compact solutions. As for pin insertion machines, the use of an adjustable PCB is recommended for flexible production. As advanced consumer electronics grow in the market. so does the need for PCB verticals which leads to their high use as an insertion platform.
Pin Insertion Machine Market: By Application
Given the application, automotive, energy& power, consumer electronics, and telecommunications and among others are being considered. The consumer electronics segment is estimated to bear a large market value. Government efforts to increase the market performance of consumer electronics, rising penetration of smart-phones and tablets will work as potential accelerators of the pin insertion and consumer electronics market.
Pin Insertion Machine Market: By Region
Based on the regional study, North America would be a dominating and a key player in the market space given the region’s prominent telecommunications industry, capacity to deploy 5G network, increasing levels of unlimited data plans and excellent infrastructural capabilities in the United States region too would generate ample market revenue to make space for pin insertion market to grow. The Asia Pacific however would emerge as a potential player in the market, given the region’s growing consumer electronics vertical, and advancing automotive sector. But the COVID-19 severely affected the automotive and electronic products in India and globally but steady recovery is on the way and the verticals are soon picking up demand.
Market Share and Competitive Analysis
Key players operating in the market include Teeming Machinery Co., Ltd, Autosplice, TE Connectivity, Visumatic Industrial Product, Edward Segal, Inc., Toman Tool Corporation, Itasca Automation Systems, LLC, Spirol, Weber, SM Contact, and Global Information, Inc among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2019, TE Connectivity announced to acquire Kissling group of companies, supplier of ruggedized switches exploited in transportation and aviation industries.
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The Global Pin Insertion Machine Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Pin Insertion Machine Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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