Pin Insertion Machine Market Worth 276.7 Million USD and Global Forecast by 2022

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MarketsandMarkets Presents
Pin Insertion Machine Market by Method (Manual,
Semi-Automatic, Fully Automatic), Technology,
Industry, Region - Global Trend and Forecast to
2022   The pin insertion machine market is
estimated to reach USD 276.7 Million by 2022, at
a CAGR of 4.9 to 2022. The stakeholders of
this report include technology providers,
semiconductor product designers fabricators,
raw material manufacturing equipment suppliers,
research organizations consulting companies,
associations, forums, and alliances related to
process instrumentation government bodies, such
as regulating authorities policy makers and
investors.
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The automotive industry accounted for the largest
share among all industries for this market,
followed by the consumer electronics industry.
Need for sophisticated automotive electronic
systems such as vehicle speed sensors and safety
security systems among others for infotainment
and media in luxury cars, SUVs, and passenger
cars is one of the factors for high growth of the
pin insertion machine market for the automotive
industry. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.a
sp?id59263483 Pin insertion machines based on
the semi-automatic method are expected to hold
the largest market size during forecast period.
Semi-automatic pin insertion machines are widely
used for mid-volume production. Due to its
features such as high insertion rate, ability to
insert in different angles, flexibility to
production change such as quickly replaceable
insertion head, it has resulted in high demand
for semi-automatic pin insertion machines. These
machines have a feature of inserting pins in
different angles without decreasing the insertion
rate.
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APAC expected to witness a rapid growth during
the forecast period The pin insertion machine
market in APAC is expected to grow at the highest
CAGR between 2016 and 2022. The region has
witnessed significant growth in manufacturing
activities due to low manufacturing costs and the
support of the local governments. Increasing
investment in research and development is also
one of the key drivers for the growth of this
market in APAC. The APAC market for pin insertion
machines is expected to grow further during the
forecast period. Report Information
http//www.marketsandmarkets.com/Market-Reports/
pin-insertion-machine-market-59263483.html The
key players in this market are TE Connectivity
(Switzerland), SPIROL International Corporation
(U.S.), Autosplice Inc. (U.S.), FINECS Co., Ltd.
(Japan), CMS Electronics GmbH (Austria),
Föhrenbach Application Tooling N.V. (Germany),
Assembly Automation Technology, Inc. (U.S.),
Colibri Technologies Pte. Ltd. (Singapore),
Visumatic Industrial Products (U.S.), and Zierick
Manufacturing Corporation (U.S.).
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