The global high resolution dispensing systems and equipment market is slated to grow from a value of US$1.8 bn in 2015 to US$3.0 bn by 2024, registering a steady CAGR of 6.3% therein.
Albany, NY -- (SBWIRE) -- 12/13/2016 -- High resolution dispensing systems are high end dispensing equipment that are ideal for electronic applications and are capable of dispensing drop sizes as precise as ~300um-400um and above. Dispensing technology has come a far way in the last 50 years and the technological advancements have included the change from manual to semi-automatic or upgrade to robotic dispensing from the semi-automatic one. A key trend that has been observed in the recent years is the reduction in the drop size which is a key driver in the precision micro fluidic markets for the precision dispensing applications.
A surge in demand for accuracy and precision coupled with the increasing usage of high resolution dispensing systems and equipment in electronic applications is driving the growth of the global market. These systems are being deployed in electronics to increase the productivity of electronic assembly, molding, shielding and encapsulating applications. High precision adhesive and sealant dispensing systems help to precisely dispense a diverse range of products for electrical and electronic component manufacturing, that include thin-line, intricate dispensing for highly miniaturized personal communication devices and also foam-in-place gasketing for comparatively large consumer electronics.
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Additionally, rapid technological advances are fueling the global market growth. The introduction of robot dispensing, and technologies such as manual load and unload robotic dispensing system and fully integrated robotic dispensing system are augmenting the growth of the market. Thus, the conjoint effect of all these drivers is set to bolster the growth of the global high resolution dispensing systems and equipment market in the coming years.
Growing popularity in end-user industries coupled with healthy economic growth of emerging economies are offering potential growth opportunities to the global high resolution dispensing systems and equipment market. High-resolution dispensing systems and equipment are expected to gain popularity across several end user applications such as medical and solar and this is set to boost the market growth in the coming years.
High Resolution Dispensing Systems and Equipment Market: Segmentation
Based on type, the global market has been segmented into semi-automatic dispensing systems and automatic dispensing systems. By application, the global high resolution dispensing systems and equipment market has been broadly classified into electronics and others. Electronics application has been further sub-divided into adhesive and sealant dispensers, glue dispensers, liquid material dispensers, powder dispensers and others. By geography, the high resolution dispensing systems and equipment market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa and South America.
High Resolution Dispensing Systems and Equipment Market: Scope and Competitive Dynamics
The report includes the market attractiveness analysis of the electronics applications for offering and insight into the major application area of the high resolution dispensing systems and equipment. An exhaustive analysis of the market dynamics of the global market that is inclusive of the market drivers, restraints and opportunities is covered under the purview of the study. Therefore, the global high resolution dispensing systems and equipment market report offers and extensive study of the market along with providing the forecast of the market in terms of revenue (USD Million) and volume (Units) from 2016 – 2024.
The key players in the global high resolution dispensing systems and equipment market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of high resolution dispensing systems and equipment.
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Some of the major players operating in the high resolution dispensing systems and equipment market are: Nordson Corporation (U.S.), AptarGroup, Inc. (the U.S.), Dover Corporation (the U.S.), Franklin Fueling Systems Inc. (the U.S.), Jensen Global Inc. (the U.S.), Graco, Inc. (the U.S.), Musashi Engineering Inc. (Tokyo), Mycronic AB (Sweden) Illinois Tools Works, Inc. (the U.S.), Besi (Netherlands) among others.
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