A fully automated insertion machine is a device that inserts electrical component leads via holes on printed circuit boards (PCBs). There are many different types of automated insertion machines on the market, including pin insertion machines, component insertion machines, fastener insertion machines, and others. With automated pin insertion, speed sensors, security systems, and safety systems can be made easier and more efficient. These devices are accurate, cost-effective, and adaptable, allowing them to fulfill demand more effectively. All of these machines are essential in the industrial business. These devices offer a variety of advantages, such as higher installation densities, increased worker productivity, reduced production costs, and others. These machines are used in a variety of applications in home and commercial products such as electrical devices, vehicle components, power supplies, and others. Due to such factors, according to OMR Research, the market will grow at a significant CAGR during the forecast period.
Market Drivers
One of the primary reasons driving market growth is the increasing need for high-scale manufacturing in consumer electronics assembly for inserting looping press-fit and through-hole components into PCBs. Additionally, increased urbanization and industrialization result in fast economic growth, which drives demand for the fully automated insertion machine market globally. Moreover, according to Statista, the global consumer electronics market reached $1,112 billion in 2021. Hence, with the growth of consumer electronics and the rising population and urbanization, the automatic insertion machine market will grow as well.
Recent Developments
UNIVERSAL Instruments Corp., Panasonic Holdings Corp., JUKI Corp., FINECS, YAMAHA Motor Pvt. Ltd., Fuji Electric Co., Ltd., Techwin, Cencorp Automation Oy, Dongguan Sciencgo Machinery Manufacturing Co., Ltd., TDK Corp., and others are assisting in the global fully automatic insertion machine market’s expansion through various mergers, collaborations, and investment activities. Some of the recent developments in the market include-
• In July 2021, Kern announced the release of the 3200, a high-performance, multi-format inserting system that for the first time automatically switches between various envelope sizes to enable quicker switching between applications and industry-leading uninterrupted processing. To accommodate all speed needs up to 24,000 envelopes per hour, the new machine will be available in three configurations.