Global Pin Insertion Machine Market Size, Share, Trends, Industry Growth by Type (Manual, Semi-automatic, Fully Automatic), by Technology (Press-fit, Through-hole, Surface-mount), by Insertion Platform, by Application, by Region, and Forecast to 2028

Report ID: RC35367 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 25th, 2023

The global pin insertion machine market size is anticipated to register a significant CAGR of over 5% during the forecast period and is expected to reach around USD 300 million by 2028. The growing miniaturization of electronic components, increasing demand for printed circuit boards, and innovation in automotive electronics are some major factors to drive the market growth. Furthermore, the increasing demand for cost-effective and flexible techniques for the insertion of connectors in PCBs is further expected to boost market growth. Moreover, the increasing penetration of IoT-based devices and the growing proliferation of consumer electronics in developing economies are anticipated to fuel the market.

Market Drivers:

Growing Electronics Manufacturing Industry: The electronics manufacturing industry is witnessing significant growth due to the increasing demand for electronic devices, such as smartphones, tablets, laptops, and consumer electronics. Pin insertion machines are used in the assembly of printed circuit boards (PCBs) to insert pins, connectors, and other electronic components. The expansion of the electronics manufacturing industry drives the demand for pin insertion machines.

Automation and Industry 4.0: The increasing adoption of automation and Industry 4.0 principles across industries is a major driver for the pin insertion machine market. Pin insertion machines play a crucial role in automated assembly lines, improving production efficiency, reducing labor costs, and ensuring accurate and reliable pin insertion. As industries strive for greater productivity, precision, and automation in their manufacturing processes, the demand for pin insertion machines increases.

Miniaturization of Electronic Devices: The trend toward miniaturization of electronic devices, such as smartphones, wearables, and IoT devices, drives the demand for advanced pin insertion machines. These machines are capable of accurately inserting tiny pins and connectors into compact PCBs with high precision and repeatability. The ability to handle miniaturized components is essential to meet the requirements of modern electronic devices.

Increasing Complexity of PCBs: PCBs are becoming more complex with the integration of advanced components and technologies. Pin insertion machines are equipped with advanced features, such as vision systems, automatic pin feeding, and programmable control, to handle complex PCB layouts and component placements. The growing complexity of PCBs, including high pin densities and multiple layers, drives the need for sophisticated pin insertion machines.

Quality and Reliability Requirements: The demand for high-quality and reliable electronic products drives the need for precise and accurate pin insertion. Pin insertion machines ensure consistent and secure connections between pins and PCBs, minimizing the risk of connection failures, intermittent contacts, and faulty assemblies. The focus on product quality and reliability across industries contributes to the adoption of pin insertion machines.

Customization and Flexibility: Manufacturers require flexibility in their production processes to accommodate different PCB designs, pin types, and assembly requirements. Pin insertion machines offer flexibility in terms of adjustable pin insertion parameters, programmable settings, and compatibility with various pin sizes and types. The ability to handle diverse product configurations and provide customization options drives the adoption of pin insertion machines.

Cost Reduction and Operational Efficiency: Pin insertion machines contribute to cost reduction and operational efficiency in electronic assembly processes. These machines automate the labor-intensive task of manual pin insertion, reducing labor costs and minimizing human errors. Pin insertion machines enable faster production cycles, higher throughput, and improved process efficiency, leading to cost savings and improved overall productivity.

Technological Advancements in Pin Insertion Machines: Continuous technological advancements in pin insertion machines enhance their capabilities, performance, and ease of use. These advancements include improved automation features, enhanced vision systems, advanced control algorithms, and user-friendly interfaces. Technological innovations in pin insertion machines drive their adoption by offering higher accuracy, faster operation, and improved user experience.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 300 Million by 2028
Market Growth (CAGR) > 5% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Advanced Mechatronics Solutions, Autosplice Inc., TE Connectivity Ltd., CMS Electronics GmbH, and HARMONTRONICS Inc.

Market Insights:

The fully automated machines segment is expected to hold the largest share of the pin insertion machine market by 2028

The global pin insertion machine market is bifurcated into type, technology, insertion platform, application, and geography. On the basis of type, the market is further segmented into manual, semi-automatic, and fully automatic machines. The fully automatic machines segment dominated the global market in 2020 and is expected to hold the largest revenue share of over one-third of the market by the end of the analysis period. The segment is also estimated to grow at the fastest growth rate over the forecast period. The increasing demand for high-performance automotive electronics is one of the major factor driving the segment growth. Furthermore, the advantages associated with the full automatics machines such as flexibility, low time cycle, and higher speed are further expected to fuel the segment growth over the forecast period.

By application, the consumer electronics segment dominated the global pin insertion machine market due to the growing demand for PCBs

On the basis of application, the market is segmented into telecommunications, consumer electronics, automotive, industrial, and others. the consumer electronics segment dominated the global pin insertion machine market in 2020 and is expected to maintain its dominance over the forecast period. The increasing penetration of IoT-enabled connected devices is one of the major factor to drive the segment growth. The increasing demand for PCBs due to the growing use of LED monitors and touch panels and the increasing demand for motherboards is further expected to fuel the segment’s growth over the forecast period. Furthermore, the continuous proliferation of cloud-based solutions due to the increasing adoption in enterprises is projected to propel the segment growth.

Pin Insertion Machine Market Size & Forecast

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The pin insertion machine comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The pin insertion machine market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Market Segmentation:

By Type:

  • Manual
  • Semi-automatic
  • Fully Automatic

By Technology:

  • Press-fit
  • Through-hole
  • Surface-mount

By Insertion Platform:

  • PCB
  • Coil Frame
  • Lead Frame
  • Transformer
  • Plastic Connector
  • Metal Component

By Application:

  • Telecommunications
  • Consumer Electronics
  • Aerospace & Defense
  • Automotive
  • Medical
  • Industrial
  • Energy & Power
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

The growing miniaturization of electronic components is a major factor to drive the pin insertion machines market in the Asia Pacific

Geographically, the Asia Pacific dominated the global pin insertion machine market in 2020 and is expected to grow at the same trend over the forecast period. The growing miniaturization of electronics components and the increasing demand for consumer electronics are some major factors to drive the market growth in the region. Furthermore, the increasing investment in semiconductor industry and the increasing demand for connected devices are further anticipated to boost the market in the Asia Pacific. Moreover, the changing lifestyle and the growing disposable income per capita have resulted in an increase in demand for consumer electronics, which is expected to fuel the market growth in the region.

Competitive Assessment:

Some of the major market players operating in the global pin insertion machine market are Advanced Mechatronics Solutions, Autosplice Inc., TE Connectivity Ltd., CMS Electronics GmbH, and HARMONTRONICS Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Advanced Mechatronics Solutions
  • Autosplice Inc.
  • TE Connectivity Ltd.
  • CMS Electronics GmbH
  • HARMONTRONICS Inc.
  • Assembly & Automation Technology Inc.
  • Eberhard
  • UMG Technologies
  • Spirol International Corporation
  • Lazipurand

Key Questions Answered by Pin Insertion Machine Market Report

  • Global pin insertion machine market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Pin insertion machine submarket forecasts from 2022-2028 covering the market by type, by technology, by insertion platform, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level pin insertion machine markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Pin Insertion Machine Market Portraiture
2.2. Global Pin Insertion Machine Market, by Type, 2021 (USD Mn)
2.3. Global Pin Insertion Machine Market, by Technology, 2021 (USD Mn)
2.4. Global Pin Insertion Machine Market, by Insertion Platform, 2021 (USD Mn)
2.5. Global Pin Insertion Machine Market, by Application, 2021 (USD Mn)
2.6. Global Pin Insertion Machine Market, by Geography, 2021 (USD Mn)

 

3. Global Pin Insertion Machine Market Analysis


3.1. Pin Insertion Machine Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Pin Insertion Machine Market By Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Manual
4.3. Semi-automatic
4.4. Fully Automatic

 

5. Global Pin Insertion Machine Market By Technology, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Press-fit
5.3. Through-hole
5.4. Surface-mount

 

6. Global Pin Insertion Machine Market By Insertion Platform, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. PCB
6.3. Coil Frame
6.4. Lead Frame
6.5. Transformer
6.6. Plastic Connector
6.7. Metal Component

 

7. Global Pin Insertion Machine Market By Application, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Telecommunications
7.3. Consumer Electronics
7.4. Aerospace & Defense
7.5. Automotive
7.6. Medical
7.7. Industrial
7.8. Energy & Power
7.9. Others

 

8. North America Pin Insertion Machine Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1.1. Overview
8.1.2. North America Pin Insertion Machine Market by Type (2019-2028 USD Mn)
8.1.3. North America Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
8.1.4. North America Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
8.1.5. North America Pin Insertion Machine Market by Application (2019-2028 USD Mn)
8.1.6. North America Pin Insertion Machine Market by Country (2019-2028 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Pin Insertion Machine Market by Type (2019-2028 USD Mn)
8.1.6.1.2. U.S. Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
8.1.6.1.3. U.S. Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
8.1.6.1.4. U.S. Pin Insertion Machine Market by Application (2019-2028 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Pin Insertion Machine Market by Type (2019-2028 USD Mn)
8.1.6.2.2. Canada Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
8.1.6.2.3. Canada Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
8.1.6.2.4. Canada Pin Insertion Machine Market by Application (2019-2028 USD Mn)

 

9. Europe Pin Insertion Machine Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1.1. Overview
9.1.2. Europe Pin Insertion Machine Market by Type (2019-2028 USD Mn)
9.1.3. Europe Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
9.1.4. Europe Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
9.1.5. Europe Pin Insertion Machine Market by Application (2019-2028 USD Mn)
9.1.6. Europe Pin Insertion Machine Market by Country (2019-2028 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Pin Insertion Machine Market by Type (2019-2028 USD Mn)
9.1.6.1.2. Germany Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
9.1.6.1.3. Germany Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
9.1.6.1.4. Germany Pin Insertion Machine Market by Application (2019-2028 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Pin Insertion Machine Market by Type (2019-2028 USD Mn)
9.1.6.2.2. U.K. Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
9.1.6.2.3. U.K. Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
9.1.6.2.4. U.K. Pin Insertion Machine Market by Application (2019-2028 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Pin Insertion Machine Market by Type (2019-2028 USD Mn)
9.1.6.3.2. France Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
9.1.6.3.3. France Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
9.1.6.3.4. France Pin Insertion Machine Market by Application (2019-2028 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Pin Insertion Machine Market by Type (2019-2028 USD Mn)
9.1.6.4.2. Italy Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
9.1.6.4.3. Italy Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
9.1.6.4.4. Italy Pin Insertion Machine Market by Application (2019-2028 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Pin Insertion Machine Market by Type (2019-2028 USD Mn)
9.1.6.5.2. Rest of Europe Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
9.1.6.5.3. Rest of Europe Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
9.1.6.5.4. Rest of Europe Pin Insertion Machine Market by Application (2019-2028 USD Mn)

 

10. Asia Pacific Pin Insertion Machine Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1.1. Overview
10.1.2. Asia Pacific Pin Insertion Machine Market by Type (2019-2028 USD Mn)
10.1.3. Asia Pacific Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
10.1.4. Asia Pacific Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
10.1.5. Asia Pacific Pin Insertion Machine Market by Application (2019-2028 USD Mn)
10.1.6. Asia Pacific Pin Insertion Machine Market by Country (2019-2028 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Pin Insertion Machine Market by Type (2019-2028 USD Mn)
10.1.6.1.2. China Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
10.1.6.1.3. China Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
10.1.6.1.4. China Pin Insertion Machine Market by Application (2019-2028 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Pin Insertion Machine Market by Type (2019-2028 USD Mn)
10.1.6.2.2. Japan Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
10.1.6.2.3. Japan Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
10.1.6.2.4. Japan Pin Insertion Machine Market by Application (2019-2028 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Pin Insertion Machine Market by Type (2019-2028 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Pin Insertion Machine Market by Application (2019-2028 USD Mn)

 

11. Latin America (LATAM) Pin Insertion Machine Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1.1. Overview
11.1.2. Latin America Pin Insertion Machine Market by Type (2019-2028 USD Mn)
11.1.3. Latin America Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
11.1.4. Latin America Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
11.1.5. Latin America Pin Insertion Machine Market by Application (2019-2028 USD Mn)
11.1.6. Latin America Pin Insertion Machine Market by Country (2019-2028 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Pin Insertion Machine Market by Type (2019-2028 USD Mn)
11.1.6.1.2. Brazil Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
11.1.6.1.3. Brazil Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
11.1.6.1.4. Brazil Pin Insertion Machine Market by Application (2019-2028 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Pin Insertion Machine Market by Type (2019-2028 USD Mn)
11.1.6.2.2. Mexico Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
11.1.6.2.3. Mexico Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
11.1.6.2.4. Mexico Pin Insertion Machine Market by Application (2019-2028 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Pin Insertion Machine Market by Type (2019-2028 USD Mn)
11.1.6.3.2. Rest of Latin America Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
11.1.6.3.3. Rest of Latin America Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
11.1.6.3.4. Rest of Latin America Pin Insertion Machine Market by Application (2019-2028 USD Mn)

 

12. Middle East and Africa Pin Insertion Machine Market Analysis and Forecast, 2019 – 2028 (USD Mn)


12.1.1. Overview
12.1.2. MEA Pin Insertion Machine Market by Type (2019-2028 USD Mn)
12.1.3. MEA Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
12.1.4. MEA Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
12.1.5. MEA Pin Insertion Machine Market by Application (2019-2028 USD Mn)
12.1.6. Middle East and Africa Pin Insertion Machine Market, by Country (2019-2028 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Pin Insertion Machine Market by Type (2019-2028 USD Mn)
12.1.6.1.2. GCC Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
12.1.6.1.3. GCC Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
12.1.6.1.4. GCC Pin Insertion Machine Market by Application (2019-2028 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Pin Insertion Machine Market by Type (2019-2028 USD Mn)
12.1.6.2.2. South Africa Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
12.1.6.2.3. South Africa Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
12.1.6.2.4. South Africa Pin Insertion Machine Market by Application (2019-2028 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Pin Insertion Machine Market by Type (2019-2028 USD Mn)
12.1.6.3.2. Rest of MEA Pin Insertion Machine Market by Technology (2019-2028 USD Mn)
12.1.6.3.3. Rest of MEA Pin Insertion Machine Market by Insertion Platform (2019-2028 USD Mn)
12.1.6.3.4. Rest of MEA Pin Insertion Machine Market by Application (2019-2028 USD Mn)

 

13. Company Profiles


13.1. Advanced Mechatronics Solutions
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Autosplice Inc.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. TE Connectivity Ltd.
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. CMS Electronics GmbH
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. HARMONTRONICS Inc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Eberhard
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Assembly & Automation Technology Inc.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. UMG Technologies
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Spirol International Corporation
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Visumatic Industrial Products
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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