Pin Insertion Machine Market with COVID-19 impact analysis

MarketsandMarkets Presents 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 The global pin insertion machine market is estimated to be USD 255 million by 2025 from USD 195 million in 2020 (estimated year), at a CAGR of 5.6% between 2020 and 2025.

MarketsandMarkets Presents Pin insertion machine market for semi-automatic method expected to hold the largest market share during the forecast period Semi-automatic pin insertion machine is expected to hold the largest share of the market, by method. An increase in miniaturization, higher production speed, and continuous introduction of new products such as smartphones, wearables, and other consumer electronic products are driving the need for semi-automatic pin insertion machines.

MarketsandMarkets Presents Plastic connector segment is estimated to be the fastest-growing market during the forecast period Plastic connectors offer a reliable connector system suited for a wide array of applications, including medical equipment, industrial machinery, automotive, and aerospace and defense. Advancements in automotive safety technologies and networking capabilities have created an increasing demand for these connectors. Moreover, these connectors are increasingly deployed in aerospace and defense applications to address weight optimization challenges.

MarketsandMarkets Presents APAC is projected to hold the largest share of pin insertion machine market in 2025 APAC is likely to emerge as the largest market for pin insertion machines in 2025. The APAC is a huge adopter of smart electronic devices. The increasing use of complex and compact electronic components in these devices is compelling electronic device manufacturers to invest in automatic pin insertion machines.

MarketsandMarkets Presents The report profiles key players, including 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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