The global chip mounter market to grow at a CAGR of 8.05% during the period 2016-2020.
Global Chip Mounter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, a key growth driver is the growing use of communication related electronic gadgets. The consumer electronics market has seen massive transformations in the last two decades. Smartphones replaced feature phones and laptops replaced PCs.
Now, tablets are replacing laptops, and LEDs and Smart TVs are replacing CRT TVs. Household electronics such as coffee makers and washing machines are becoming fully automated. Such advanced transformations require constant upgrades in consumer offerings in terms of design, processing power, power consumption, and user interface.