Pin Insertion Machine Market by Method Technology , Industry, and Region - Forecast 2022

Pin Insertion Machine Market by Method (Manual, SemiAutomatic, Fully Automatic), Technology, Industry, and Region - Global Trend and Forecast to 2022 The pin insertion machine market is estimated to reach USD 276.7 Million by 2022, at a CAGR of 4.9% between 2016 and 2022.

Factors that are driving this market include need for the miniaturization of electronics devices; demand for flexible, cost-effective, and precise techniques for inserting connectors on the PCBs; and need for pin installation machines in surgical instrument assembly.

Browse 69 tables and 44 figures spread through 135 Pages and indepth TOC on "Pin Insertion Machine Market - Global Trend and Forecast to 2022" http://www.marketsandmarkets.com/Market-Reports/pin-insertionmachine-market-59263483.html 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.

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The key players in this market are TE Connectivity (Switzerland), SPIROL International Corporation (U.S.), Autosplice Inc. (U.S.), FINECS Co., Ltd. (Japan), CMS Electronics GmbH (Austria), FĂśhrenbach Application Tooling N.V. (Germany), Assembly & Automation Technology, Inc. (U.S.), Colibri Technologies Pte. Ltd. (Singapore), Visumatic Industrial Products (U.S.), and Zierick Manufacturing Corporation (U.S.).

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.

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