The pin insertion machine market is projected to grow from USD 195 million in 2020 to USD 255 million by 2025; it is expected to grow at a CAGR of 5.6% from 2020 to 2025. The key factors fueling the growth of this market include rising demand for flexible, cost-effective, and precise techniques for inserting connectors on PCBs, emerging trend of miniaturization of electronic devices, and the growing deployment of pin installation machines in surgical instrument assembly. Moreover, factors such as surging demand for data centers and increasing adoption of IoT enabled connected devices amid the COVID-19 pandemic are expected to contribute significantly towards the growth of the market.
The pin insertion machine market is dominated by key global established players such as TE Connectivity (Switzerland), Autosplice (US), Eberhard (Germany), HARMONTRONICS (China), and UMG Technologies (US). These companies focus on adopting both organic and inorganic growth strategies, such as expansions and new product launches to strengthen their position in the market.
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TE Connectivity (Switzerland) held the majority of the global pin insertion machine market share in 2019. The company has an expertise in providing standalone, semi-automatic, fully automatic, and modular pin insertion machines that enable reliable electrical interconnections on PCBs. Autosplice (US) followed in second place with a wide product portfolio of pin insertion machines that caters to industries such as automotive, medical, and telecommunications. Recent innovations in sophisticated automotive electronics and the growing demand for portable health monitoring devices has led to the market growth of these companies.
TE Connectivity (Switzerland) is a leader in the pin insertion machine market. The company offers pin insertion machines through its Transportation Solutions segment. TE’s pin insertion machines combine performance-enhancing accessories with the flexibility to meet the client’s current and future production needs. TE Connectivity is accelerating investments in R&D and focusing on the commercialization of innovative products to strengthen its business foundation and achieve growth.
Another important player in the pin insertion machine market is Autosplice (US). The company’s pin insertion machines are available in single-head and dual-head configurations, offering electronics manufacturers an ideal combination of flexibility and throughput for both high-mix and high-volume production environments. The company is focusing on new product launches to strengthen its position in the global pin insertion machine market. For instance, in September 2018, Autosplice launched the new 0.4 mm press-fit pin, designed to replace soldered terminals on printed circuit boards (PCBs). This new pin ensures a reliable connection between the terminal and the plated-through-hole (PTH) of a PCB under severe temperature applications.
Other major players in the pin insertion machine market are mainly focusing on expanding their regional presence and new product launches to achieve continuous and sustainable development.
Pin Insertion Machine Market with COVID-19 impact analysis by Method (Manual, Semi-automatic, and Fully Automatic), Technology (Press-fit, Through-hole, and Surface-mount), Insertion Platform, Application, and Geography - Global Forecast to 2025
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