What is Vacuum Pen Market?
Vacuum Pen consists of vacuum pad and a vacuum generator integrated into the pen-shaped body, is suitable for small component assembly and inspection. Pad holder shape, valve form, pad height, and pad material can all be personalized to meet your needs. There are two types of pad holders to pick from, straight type and standard curved type, depending on the application. Vacuum pens designed for picking and positioning large SMD components such as LED chips, large chip capacitors, large chip resistors, and large scale SMD ICs (or) for the extraction of Dental Fluid in Dental Surgeries, vacuum pens are also used for skin care applications, such as scraping black heads from the skin surface.
The market study is being classified by Type (Side Plunger Vacuum Pen and End Plunger Vacuum Pen), by Application (Assembly Processes, Test Processes and Rework Processes) and major geographies with country level break-up.
Newport Corporation (United States), Apex Tool Group LLC (United States), Nordson Corporation (United States), Pace Inc. (United States), Hakko Corporation (Japan), Excelta Corporation (United States), Atrix International (United States), Ideal-Tek SA (Switzerland), Virtual Industries Inc. (India) and EDSYN Inc. (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aoyue International Limited. (China), Vineet Electric Company (Siron) (India), Clean Technology Co. Ltd. (China), HORB Tech Development Co., Ltd. (China) and Mobo Electric Technology Co. Ltd. (China).
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States & Chinese Players will contribute to the maximum growth of Global Vacuum Pen market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vacuum Pen market by Type, Application and Region.
On the basis of geography, the market of Vacuum Pen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Properties Including Compactness and Ease to use
- Demand for Skin Care Products
- Rising Demand for Compact Circuits
Market Trend
Restraints
- Costly Maintenance
- Highly Priced Premium Vacuum Pen
Opportunities
- Low Penetration in Emerging Regions
Challenges
- Low Penetration in Emerging Regions
On 12th February, 2021 - Virtual Industries Launches its New Range of Versatile “STEALTH-VAC ELITE” Vacuum Pens. STEALTH-VAC ELITE is a Highly Customizable Suction Pen and Operates Directly On 30 To 50 Psi Filtered Nitrogen or Compressed Air, it also has Five Bent Probes with Non-Marking Rubber Tips. Buna-N Static Dissipative Non-Marking Vacuum Cups Are Available in A Variety of Sizes.
Key Target Audience
Vacuum Pen Manufactures, New Entrants and Investors, Vacuum Pen Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others