PUBLISHER: Grand View Research | PRODUCT CODE: 1363016
PUBLISHER: Grand View Research | PRODUCT CODE: 1363016
The global fluid dispensing equipment market for semiconductors & electronics size is anticipated to reach USD 4.59 billion by 2030, according to a new report by Grand View Research, Inc.. The market is expected to advance at a CAGR of 5.3% from 2023 to 2030. The high demand for sustainable manufacturing practices to reduce material wastage and optimize the efficiency and accuracy of processes in semiconductor production is a key factor driving market growth.
Increasing disposable incomes, rapid urbanization, shifting spending priorities of consumers, and changing consumption patterns toward more discretionary spending are significantly driving the demand for consumer electronics globally. This will augment the demand for fluid dispensing equipment over the forecast period. In the semiconductor industry, fluid dispensing equipment technology is used to deposit precise and controlled micro-volumes of thermally and electrically conductive pastes, adhesives, and encapsulants. Due to the complex microstructure of the PCB and other components, the ability of fluid dispensing units to deliver accuracy & reliability for individual requirements is a benefit. Components such as electrical contacts, semiconductors, electric motors, and generators need adhesives and encapsulants to adhere to the circuit board.
The growing disposable income of consumers worldwide is expected to lead to an increase in spending on personal vehicles. Over the past few decades, the number of personal vehicle owners has increased tremendously. Fluid dispensing equipment is used in the production line of automobiles. In LED automotive manufacturing, both silver paste and chip encapsulation dispensers play crucial roles in different aspects of the assembly process. Silver paste is primarily used for die-attach applications in LED automotive manufacturing.
Increasing consumer awareness regarding medical device benefits and the rising health consciousness worldwide propel the growth of the fluid dispensing equipment market over the forecast period. Various medical devices use Micro-Electro-Mechanical Systems (MEMS) sensors due to benefits such as their small size, high precision, low power consumption, and ability to provide real-time measurements. These sensors enhance the capabilities of medical devices by enabling accurate data collection, monitoring, and diagnostics. Products such as implantable medical devices, glucose monitoring machines, and blood pressure monitors use MEMS sensors for various functions.
The increasing investments and initiatives by various governments across the world to establish a strong service provider for semiconductor fabrication are expected to present further opportunities for fluid dispensing equipment manufacturers. Precision dispensing technology offers cost savings in chip production. Precision fluid dispensing also helps reduce waste generation by ensuring that the exact amount of material is dispensed at the exact location during chip fabrication. It also allows for high-quality production of the chips, which are further inspected using optical instruments to measure the thickness of the deposited layer.
Major players in the fluid dispensing equipment market include Nordson Corporation, PROTEC CO., LTD, Henkel Corporation, Graco, Mycronic, and Musashi Engineering. Strategies adopted by these companies usually include investments in R&D, new product development, and expansion of their distribution network. For instance, in November 2022, TECHCON launched the TS8200D series fluid dispensing equipment for two-component adhesives such as polyurethanes, acrylics, and epoxies. It comprises two improved M-Series Progressive Cavity pumps linked to a static mixing nozzle through a fluid manifold.