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Pick and Place Machines Market Trends

Report ID: GMI5952
Published Date: May 2024
Report Format: PDF

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Pick and Place Machines Market Trends

Pick and place machines equipped with advanced vision systems, including machine vision, 3D imaging, and artificial intelligence (AI), are becoming increasingly common. These systems enhance machine accuracy, speed, and adaptability by enabling real-time object recognition, position detection, and quality inspection, thereby improving production efficiency and reducing errors. Market demand for pick and place machines capable of high-speed operation and sub-micron precision is increasing, particularly in industries such as electronics, semiconductor, and automotive. Manufacturers require machines with rapid cycle times, accurate component placement, and minimal downtime to meet stringent quality standards and maximize productivity.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of pick and place machines was reached USD 2.6 billion in 2023 and will grow at 4% CAGR during 2024 to 2032, driven by the rapid growth of the electronics industry.

The semi-automatic segment in the pick and place machines market recorded USD 2.3 billion and is expected to reach USD 3.7 billion by 2032, as it enhances production efficiency by automating repetitive tasks, such as component picking and placement.

North America pick and place machines market size exceeded USD 500 million in 2023 and will cross USD 800 million by 2032, as the rise of EVs and in-vehicle electronics demands automated assembly solutions for intricate components with speed, precision, and dependability.

ASM Assembly Systems GmbH & Co. KG , Fuji Machine Manufacturing Co., Ltd., Juki Corporation, Panasonic Corporation, Yamaha Motor Co., Ltd., Hanwha Corporation , Mycronic AB, Nordson Corporation, and Hanwha Techwin among others.