Pick and Place Machines Market Size - By Type (Manual, Semi-automatic, Automatic), By Technology (Vision based, Force based, Laser based, Hybrid), By Capacity, By Application, By Distribution Channel & Forecast, 2024 - 2032

Pick and Place Machines Market Size - By Type (Manual, Semi-automatic, Automatic), By Technology (Vision based, Force based, Laser based, Hybrid), By Capacity, By Application, By Distribution Channel & Forecast, 2024 - 2032

Pick and Place Machines Market Size

Pick and Place Machines Market was valued at USD 2.6 billion in 2023 and is estimated to grow at a CAGR of over 4% during 2024 and 2032. The rapid growth of the electronics industry which is driven by increasing consumer demand for electronic devices such as smartphones, tablets, laptops, and smart appliances, is an important and significant driver for pick and place machines. These machines are essential for the automated assembly of electronic components on printed circuit boards in high volumes and with high precision and accuracy.

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The automotive industry's adoption of advanced driver-assistance systems (ADAS) technologies requires the assembly of complex electronic components onto PCBs, driving the demand for pick and place machines capable of high-precision assembly. Pick and place machines equipped with flexible grippers and vision systems enable the packaging of diverse products with varying shapes, sizes, and configurations, enhancing packaging line versatility and adaptability and thus the demand for these machines grow as the packaging industry grows. The surge in e-commerce sales has also driven the demand for automated fulfillment solutions, including pick and place machines, to handle the increasing volume of online orders and meet customer expectations for fast and accurate delivery.
 

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Pick and place machines represent a significant capital investment for manufacturing facilities, particularly for small and medium-sized enterprises (SMEs). The high initial cost required for procurement, installing and training of workforce  for pick and place machine may act as a barrier for growth of market owing to end users may opt for affordable option that may hindered the pick and place machine market growth. The advanced technical nature of pick and place machine that having unique design, and engineering complexity may require a skilled labor force for its operation those are expertise in robotics, automation, mechatronics, and software development. This may require high initial investment for investor that may likely to act as challenges for the growth business market.

Pick and Place Machines Market Trends

Pick and place machines equipped with advanced vision systems, including machine vision, 3D imaging, and artificial intelligence (AI), are becoming increasingly common. These systems enhance machine accuracy, speed, and adaptability by enabling real-time object recognition, position detection, and quality inspection, thereby improving production efficiency and reducing errors. Market demand for pick and place machines capable of high-speed operation and sub-micron precision is increasing, particularly in industries such as electronics, semiconductor, and automotive. Manufacturers require machines with rapid cycle times, accurate component placement, and minimal downtime to meet stringent quality standards and maximize productivity.

Pick and Place Machines Market Analysis

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Based on type, the semi-automatic segment was worth over USD 2.3 billion in 2023 and is expected to reach USD 3.7 billion by 2032. Semi-automatic pick and place machines enhance production efficiency by automating repetitive tasks such as component picking and placement while still allowing operators to oversee and intervene as needed. Semi-automatic machines enable manufacturers to increase productivity and throughput compared to manual assembly methods, particularly for medium-volume production runs or projects with moderate complexity.

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Based on technology, the vision based segment held the dominant market share of 41% in 2023. Vision-based pick and place machines utilize cameras and image processing algorithms to accurately detect component positions, orientations, and features, enabling precise placement of components with sub-micron accuracy. Vision-based systems can perform real-time quality inspection and verification of components during the assembly process, detecting defects, misalignments, and anomalies to ensure product quality and compliance with specifications.

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North America pick and place machines market size exceeded USD 500 million in 2023 and is projected to surpass USD 800 million by 2032. The automotive industry in North America is a significant consumer of pick and place machines for electronic assembly applications. With the rise of electric vehicles (EVs), advanced driver assistance systems (ADAS), and in-vehicle electronics, automotive manufacturers require automated assembly solutions capable of handling complex electronic components with speed, accuracy, and reliability.

The U.S. pick and place machines market is set to grow about 4.3% CAGR through 2032. The production of consumer goods, including appliances, home electronics, and personal electronics, fuels the demand for pick and place machines in the U.S. Manufacturers in this sector require automated assembly solutions to meet consumer demands for innovative features, product differentiation, and shorter product lifecycles, driving the need for flexible, high-speed pick and place systems.

Germany pick and place machines market is likely to register gains at nearly 4.8% up to 2032. Germany is renowned for its automotive industry, which includes leading manufacturers such as Volkswagen, BMW, Mercedes Benz, Skoda and Daimler. The demand for pick and place machines in Germany is heavily influenced by the automotive sector's need for high-precision electronic assembly solutions to support the production of advanced vehicles, including electric cars, autonomous vehicles, and connected car systems.

China is supposed to grow at the highest growth rate of 5.1% in the region. China is a major player in the global electronics industry, serving as a manufacturing hub for electronic components, consumer electronics, telecommunications equipment, and IT products. The demand for pick and place machines is fueled by the electronics sector's rapid growth, driven by increasing consumer demand for electronic devices, technological advancements, and the expansion of the IoT and 5G markets.

Pick and Place Machines Market Share

Pick and place machines industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as ASM Assembly Systems GmbH & Co. KG, Fuji Machine Manufacturing Co., Ltd., Juki Corporation, Panasonic Corporation, Yamaha Motor Co., Ltd., Hanwha Corporation, Mycronic AB and Nordson Corporation collectively held around 20%-25% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Pick and Place Machines Market Companies

Major players operating in the pick and place machines industry are

• ASM Assembly Systems GmbH & Co. KG
• Fuji Machine Manufacturing Co., Ltd.
• Juki Corporation
• Panasonic Corporation
• Yamaha Motor Co., Ltd.
• Hanwha Corporation
• Mycronic AB
• Nordson Corporation
• Hanwha Techwin
• ASM Pacific Technology Ltd.
• Universal Instruments Corporation
• Europlacer Group
• Essemtec AG
• Viscom AG
• Speedline Technologies, Inc.

Pick and Place Machines Industry News

• In November 2023, SMTmax introduced the QM-4044. The new table top pick and place machine has a precision camera for chip handling and four upward-looking cameras for small parts, guaranteeing precise and effective component placement. With an astounding production rate of 6000 to 7000 components per hour, the QM-4044 is a top option for companies looking to increase their output.

This pick and place machines market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Thousand Units) from 2021 to 2032, for the following segments

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Market, By Type

• Manual
• Semi-automatic
• Automatic

Market, By Technology

• Vision based
• Force based
• Laser based
• Hybrid

Market, By Capacity

• Upto 10,000 CPH
• 10,000-20,000 CPH
• Above 20,000 CPH

Market, By Application

• Consumer electronics
• Automotive
• Packaging industry
• Pharmaceutical
• Logistics
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA