The pin insertion machine market was valued at USD 197.1 Million in 2015 and is expected to grow at a CAGR of 4.9% between 2016 and 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the market based on method, industry, and region. It has been estimated that the semi-automatic pin insertion method would hold a large share of the pin insertion machine market. However, the market for pin insertion machines based on the fully automatic method is expected to grow at a high CAGR between 2016 and 2022.

The research methodology used to estimate and forecast this market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global pin insertion machine market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below:

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The stakeholders of this report include technology providers, semiconductor product designers & fabricators, raw material & manufacturing equipment suppliers, research organizations & consulting companies, associations, forums, and alliances related to process instrumentation; government bodies, such as regulating authorities & policy makers; and investors.

The target audience for the report include key players such as TE Connectivity (Switzerland), SPIROL International Corporation (U.S.), Autosplice Inc. (U.S.), FINECS Co., Ltd. (Japan), and associations such as the Surface-Mount Technology Association (SMTA) and the International Microelectronics and Packaging Society (IMAPS).

Scope of the Report:

This research report categorizes the global pin insertion machine market based on method, industry, and region.

Global Pin Insertion Machine Market, by Method:

Manual

Semi-Automatic

Fully Automatic

Global Pin Insertion Machine Market, by Industry:

Telecommunication

Consumer Electronics

Aerospace & Defense

Automotive

Medical

Industrial Machinery

Energy & Power Systems

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company�s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

The pin insertion machine market is estimated to reach USD 276.7 Million by 2022. The need for miniaturization of electronics devices is a vital factor driving the market. Rising demand for flexible, cost-effective, and precise techniques for inserting connectors on the PCBs and demand for pin installation machines in surgical instrument assembly are also driving the need for pin insertion machines.

The automotive industry accounted for the largest share among all industries for this market, followed by the consumer electronics industry. Need for sophisticated automotive electronic systems such as vehicle speed sensors and safety & security systems among others for infotainment and media in luxury cars, SUVs, and passenger cars is one of the factors for high growth of the pin insertion machine market for the automotive industry. Moreover, the use of solderless press-fit terminals for the electronic connection is increasing in the automotive industry; the use of pin insertion machines for inserting press-fit terminals is driving the market for the automotive industry.

The market for pin insertion machines based on the fully automatic method is expected to grow at a high CAGR during the forecast period. This segment is expected to grow at a high rate during the forecast period due to high performance and dynamic functionality. Increased use of small-sized components and optoelectronics has forced the electronic assemblers to invest in fully automatic pin insertion machines as they provide automatic placement of pins on the PCBs. Eliminating rework, improving manufacturing processes, reducing related costs, and increasing profit are some of the advantages driving the adoption of fully automatic pin insertion machines.

APAC accounted for the largest share of this market in 2015, and the market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Increasing electronic manufacturing activity, rising demand for the miniaturization of components, and significant growth in consumer and automotive electronics are driving the need for pin insertion machines in the APAC region. An increase in manufacturing activities combined with the region�s emergence as a cost-effective production hub is expected to drive the pin insertion machine market in this region.

One of the key restraining factors for the growth of this market is high cost of investment in semi-automatic and automatic machineries for pin insertion. Pin insertion machines are used for inserting a standard pin or customized pin according to the assembly requirement. A manual pin inserter is an economical installation method for low-volume work and prototype designs, whereas for high-to-medium volume and low cycle time applications, semi-automatic or fully automatic pin insertion machines are required. The cost of semi-automatic or fully automatic machines is high and rises if they are needed for customized processes.

TE Connectivity held the leading position in the pin insertion machine market in 2015. The company manufactures and sells solder-free, lead-free mechanical and electrical PCB connections through a wide range of insertion machines. The company manufactures and sells pin insertion machines P50, P100, P300, and P350 to meet the production needs for manufacturing electronic devices.

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