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.
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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.
Technologies Covered:
• Press-Fit Technology
• Surface-Mount Technology
• Through-Hole Technology
Insertion Platforms Covered:
• Printed Circuit Board (PCB)
• Coil Frame
• Lead Frame
• Metal Component
• Plastic Connector
• Transformer
Methods Covered:
• Manual
• Semi-Automatic
• Fully Automatic
Applications Covered:
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Energy & Power
• Industrial Machinery
• Medical
• Information Technology and Telecommunication
• Healthcare
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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