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Pick & Place Machines Market Trends

Report ID: GMI5952
Published Date: Jun 2023
Report Format: PDF

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Pick & Place Machines Market Trends

The advancements in robotics and automation will drive the market during the forecast period. Robotics and automation allow for faster pickup & deployment of machines while maintaining accuracy. These machines can quickly take parts from foodstuffs, place them on PCBs, and perform assembly tasks in comparatively lesser time than human operators. This leads to efficiency in the production process. Advancements in robotics process automation have made pick & drop systems more flexible and adaptable to different application needs. These machines can easily switch between different components, use different sizes, and accommodate different PCB layouts. The easy picking & placing offered by machines allows companies to meet different product needs and adjust the assembly process for various products.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for pick & place machines was valued at over USD 2.5 billion in 2022 and is anticipated to grow at a CAGR of over 7.5% between 2023 and 2032.

Semi-autonomous pick & place machines industry share was over 35% in 2022 as they feature automation and can perform certain assembly tasks independently.

Fuji Machines Manufacturing Co., Ltd., ASM Assembly Systems GmbH & Co. KG, Panasonic Corporation, Juki Corporation, Nordson Corporation, Evest Corporation, Universal Instruments Corporation, Essemtec AG, NeoDen Technology Co., Ltd., and GKG Precision Machines Co., Ltd.

Asia Pacific pick & place machines share will grow at over 9% CAGR between 2023 to 2032 as to strong economies growth in diverse fields such as automobiles, electronics, semiconductors, and household appliances.