RX Tradex to organise Manufacturing Expo 2023 bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
"Power Up" is the concept of "Manufacturing Expo 2022", which will gather the fullest range of the manufacturing industry at Bitec Hall 101-104, Bang Na-Trat Road, from Wednesday to SaturdayJune 22-25, 10am to 6pm.
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The global pin insertion machine market is estimated to grow from USD 222.8 million in 2019 to USD 255.9 million by 2025, growing at a CAGR of 5.6% between 2020 and 2025.
The market has a promising growth potential due to several factors, including the increasing adoption of IoT-enabled connected devices, surging demand for data centers complemented by the outbreak of COVID-19, rising demand for flexible, cost-effective, and precise techniques for inserting connectors on PCBs, the emerging trend of miniaturization of electronic devices, and recent innovations in sophisticated automotive electronics.
COVID-19 sent both demand- and supply-side shocks across the global economy. Leading pin insertion machine provider TE Connectivity (Switzerland) has incurred significant losses owing to the pandemic. The company reported a decline of approximately 15% in its half-year revenue as compared to the previous year.