Future trends of Pin Insertion Machine Market

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MarketsandMarkets Presents
Pin Insertion Machine Market worth 276.7
Million USD by 2022
http//www.marketsandmarkets.com/Market-Reports/pi
n-insertion-machine-market-59263483.html
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• According to the new market research report "Pin
  Insertion Machine Market by Method (Manual,
  Semi-Automatic, Fully Automatic), Technology
  (Surface Mount Technology (SMT), Press-Fit
  Technology, Through-Hole Technology (THT)),
  Industry, and 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 between 2016 and 2022. Factors
  that are driving this market include need for the
  miniaturization of electronics devices demand
  for flexible, cost-effective, and precise
  techniques for inserting connectors on the PCBs
  and need for pin installation machines in
  surgical instrument assembly.
• Browse 69 tables and 44 figures spread through
  135 Pages and in-depth TOC on "Pin Insertion
  Machine Market - Global Trend and Forecast to
  2022"http//www.marketsandmarkets.com/Market-Repo
  rts/pin-insertion-machine-market-59263483.htmlEar
  ly buyers will receive 10 customization on
  reports.

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• Pin insertion machines based on the
  semi-automatic method expected to lead the market
• 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.
• The market for automotive industry expected to
  grow at the highest rate between 2016 and 2022
• The market for the automotive industry is
  expected to grow at the highest CAGR as the need
  for sophisticated automotive electronics systems
  for safety, infotainment, and media in luxury
  cars and SUVs and passenger cars is rising. Use
  of solderless press-fit terminals for the
  electronic connection is increasing in the
  automotive industry the use of pin insertion
  machines for inserting press-fit terminals is
  driving the market for the automotive industry.
  Moreover, the miniaturization of electronic
  components and circuitry and functional
  requirement for electronics to work reliably in
  harsh environmental condition is generating a
  significant demand for pin insertion machines in
  the automotive industry.

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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.
• 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.).
• This research report categorizes the global pin
  insertion machine market based on method,
  industry, and region. This report describes the
  drivers, restraints, opportunities, and
  challenges with respect to the pin insertion
  machine market. The Porters five forces analysis
  has been included in the report with a
  description of each of its forces and their
  respective impact on this market.

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