ALBANY, New York, November 7, 2016 /PRNewswire/ -- The global market for high resolution dispensing systems and equipment is largely fragmented, with the top five companies accounting for a collective share of nearly 50% of the overall market in 2015, observes a recent report by Transparency Market Research. These companies, including Nordson Corporation, Illinois Tools Works, Inc., Besi, are more focused on product innovation and advancement in technology to strengthen their positions in the highly competitive market. According to Transparency Market Research (TMR), the global high resolutions dispensing systems and equipment market is expected to be worth US$3.09 bn by the end of 2024 from US$1.8 bn in 2015. The global market is anticipated to surge at a CAGR of 6.3% during the forecast period of 2016 and 2024. The global market is likely to be led by the automatic sector in the coming years at a CAGR of 3.4%. The demand for automatic dispensing systems will remain high due their advantages such as improved productivity and reduction in failure. In terms of regions, North America is expected to hold a dominant share in the global market. The opportunity in this regional market is likely to be worth US$864.0 mn by the end of 2024. Download PDF Brochure for Market Insights:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16307Rising Demand across Electronic Industry to Drive Market The global high resolution dispensing systems and equipment market is primarily driven by factors such as the increasing usage of these equipment in the electronic industry and the increasing demand for accuracy and precision in production processes across a host of industries. High-resolution dispensing systems and equipment find extensive usage in electronic applications such as gasketing, electronic assembly, shielding, and plastic bonding, chiefly owing to their high level of accuracy and precision.