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Fluid Dispensing Equipment Market for Semiconductors & Electronics to Reach $4.59 Billion by 2030, Driven by Sustainable Manufacturing Practices
Global Fluid Dispensing Equipment For Semiconductors & Electronics Market
Dublin, Nov. 10, 2023 (GLOBE NEWSWIRE) -- The "Fluid Dispensing Equipment For Semiconductors & Electronics Market Size, Share & Trends Analysis Report By Type (Manual, Semi-automatic, Automatic), By Application (LED-Automobile, Semiconductor), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global fluid dispensing equipment market for semiconductors & electronics size is anticipated to reach USD 4.59 billion by 2030. The market is expected to advance at a CAGR of 5.3% from 2023 to 2030.
The high demand for sustainable manufacturing practices to reduce material wastage and optimize the efficiency and accuracy of processes in semiconductor production is a key factor driving market growth.
Increasing disposable incomes, rapid urbanization, shifting spending priorities of consumers, and changing consumption patterns toward more discretionary spending are significantly driving the demand for consumer electronics globally. This will augment the demand for fluid dispensing equipment over the forecast period.
In the semiconductor industry, fluid dispensing equipment technology is used to deposit precise and controlled micro-volumes of thermally and electrically conductive pastes, adhesives, and encapsulants. Due to the complex microstructure of the PCB and other components, the ability of fluid dispensing units to deliver accuracy & reliability for individual requirements is a benefit. Components such as electrical contacts, semiconductors, electric motors, and generators need adhesives and encapsulants to adhere to the circuit board.
The growing disposable income of consumers worldwide is expected to lead to an increase in spending on personal vehicles. Over the past few decades, the number of personal vehicle owners has increased tremendously. Fluid dispensing equipment is used in the production line of automobiles. In LED automotive manufacturing, both silver paste and chip encapsulation dispensers play crucial roles in different aspects of the assembly process. Silver paste is primarily used for die-attach applications in LED automotive manufacturing.
Increasing consumer awareness regarding medical device benefits and the rising health consciousness worldwide propel the growth of the fluid dispensing equipment market over the forecast period. Various medical devices use Micro-Electro-Mechanical Systems (MEMS) sensors due to benefits such as their small size, high precision, low power consumption, and ability to provide real-time measurements. These sensors enhance the capabilities of medical devices by enabling accurate data collection, monitoring, and diagnostics. Products such as implantable medical devices, glucose monitoring machines, and blood pressure monitors use MEMS sensors for various functions.
The increasing investments and initiatives by various governments across the world to establish a strong service provider for semiconductor fabrication are expected to present further opportunities for fluid dispensing equipment manufacturers. Precision dispensing technology offers cost savings in chip production. Precision fluid dispensing also helps reduce waste generation by ensuring that the exact amount of material is dispensed at the exact location during chip fabrication. It also allows for high-quality production of the chips, which are further inspected using optical instruments to measure the thickness of the deposited layer.
Companies Mentioned
Nordson Corporation
PROTEC CO., LTD
NSW Automation
ITW
Musashi Engineering, Inc.
GPD Global
FISNAR
Henkel Corporation
TECHCON (Dover Corporation)
INTERTRONICS
Valco Cincinnati, Inc.
Dymax
ViscoTec Pumps and Dosing Technology GmbH
Graco Inc.
Shenzhen Tensun Precision Equipment Co., Ltd.
IVEK Corporation
Mycronic
Fluid Dispensing Equipment For Semiconductors & Electronics Market Report Highlights
The semiconductor application segment accounted for the highest share of 41.2% in the global market in 2022. Semiconductors/chips are employed in various products, including medical equipment, computers, appliances, gaming hardware, and smartphones. Fluid dispensing is a critical process in electronic manufacturing as this equipment combines electronic boards through the dispensing process
The LED-automobile segment accounted for a 21.0% share of the global market in 2022, as LEDs are employed in the automotive sector due to them being energy and cost-efficient, especially with the transition to hybrid and electric vehicles. Also, the flexible LED light form allows for the creation of distinctive designs, thus driving the demand for more precise and accurate fluid dispensing equipment. Fluid dispensing equipment is used to pour liquid epoxy into an LED molding chamber in the LED automobile application industry
The automatic fluid dispensing equipment segment is expected to witness a CAGR of 5.6% over the forecast period. The popularity of automated fluid dispensing equipment is rising as a result of their many advantages over manual ones. In addition to enhancing product quality and cutting costs, it enables faster, more precise, and consistent fluid dispensing
The manual type segment is projected to advance at a CAGR of 4.3% over the forecast period. Manual fluid dispensing equipment is often used for applications that require careful placement and control of fluids, especially in cases where automated systems may not be practical or necessary
In November 2022, Nordson Corporation completed the acquisition of CyberOptics Corporation. This move has helped the former to expand its test and inspection platform. The acquisition was conducted as an all-in cash transaction of approximately USD 380 million and was funded using the company's revolving credit facility
Key Attributes:
Report Attribute | Details |
No. of Pages | 168 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $3.03 Billion |
Forecasted Market Value (USD) by 2030 | $4.59 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Opportunity Analysis
3.6.4. Market Challenge Analysis
3.7. Industry Analysis
3.8. Economic Mega-Trend Analysis
3.9. Distribution Channel Analysis
3.10. Dispensing Process Challenges Analysis
3.11. Vendor Matrix
Chapter 4. Fluid Dispensing Equipment Market for Semiconductors & Electronics: Application Estimates & Trend Analysis
Chapter 5. Fluid Dispensing Equipment Market for Semiconductors & Electronics: Type Estimates & Trend Analysis
Chapter 6. Fluid Dispensing Equipment Market for Semiconductors & Electronics: Regional Estimates & Trend Analysis
Chapter 7. Competitive Analysis
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Participant's Overview
7.4. Financial Overview
7.5. Product Benchmarking
7.6. Company Market Positioning
7.7. Company Market Share Analysis, 2022
7.8. Company Heat Map Analysis
7.9. Strategy Mapping
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/e6yoo3
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