The global high resolution dispensing systems and equipment market is slated to grow from a value of US$ 2.16 bn in 2018 to US$ 3.75 bn by 2027, registering a steady CAGR of 6.3% therein. Volume-wise, the market is expected to expand at a modest 3.2% CAGR from 2019 to 2027.
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Based on type, the global market has been bifurcated into automatic and semi-automatic dispensing systems. Automatic dispensing systems acquired a larger share in the market in 2018 in terms of revenue. Manufacturers of high-resolution dispensing systems have embraced the automatic variants owing to the many advantages associated with them. Automatic dispensers also help prevent dispensing in the wrong location, thereby increasing the overall productivity, reducing costs, and lowering the chances of part failure. These dispensing systems are also easier to implement and have proven to be cost-effective in the long run.
By application, the global market has been classified into electronics and others. The application of high resolution dispensing systems and equipment in electronics dominated the market in 2018. The electronics application segment comprises adhesive and sealant dispensers, glue dispensers, liquid material dispensers, and powder dispensers.
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The usage of sealant and adhesive dispensers in the electronics industry is currently widespread and they directly contribute to not just the production of electronics products but also to their longevity and long-term operation. Adhesives are mainly used for wire tacking, bonding of surface-mount components, and encapsulating or potting components in the electronics industry. During the forecast period, rising demand in application areas such as medical, aerospace and defense, and solar is expected to bolster the growth of the high resolution dispensing systems and equipment market.
Europe acquired the dominant share in the global high resolution dispensing systems and equipment market in 2018, accounting for more than 35% in terms of revenue. The market in Europe has evolved over the past decade and is expected to record strong growth in the coming years owing to considerable investments and technological advancements in the electronics industry in the region. The market is primarily influenced by growth in countries such as France, Italy, Spain, Germany, and Sweden.
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Asia Pacific is a lucrative market for high resolution dispensing systems and equipment by value as well as volume. Countries such as China, Taiwan, Singapore, and Hong Kong are home to an increasing number of consumer electronics manufacturing companies.
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