SMT Placement Equipment Market by Equipment (Cleaning Equipment, Inspection Equipment, Placement Equipment), Application (Aerospace & Defence, Automotive, Consumer Electronics) - Global Forecast 2024-2030

SMT Placement Equipment Market by Equipment (Cleaning Equipment, Inspection Equipment, Placement Equipment), Application (Aerospace & Defence, Automotive, Consumer Electronics) - Global Forecast 2024-2030

The SMT Placement Equipment Market size was estimated at USD 1.32 billion in 2023 and expected to reach USD 1.42 billion in 2024, at a CAGR 7.44% to reach USD 2.19 billion by 2030.

Surface mount technology (SMT) placement equipment is essential in the electronics industry as it allows for the efficient and accurate assembly of electronic components onto the PCBs, which are the building blocks of electronic devices. The electronic components can include resistors, capacitors, diodes, integrated circuits, and other components. The consumer electronics and automotive industries are growing, and there is a need for efficient manufacturing methods, such as SMT placement equipment, due to the popularity of miniaturization of the electronic components. Governments worldwide are taking various initiatives to support the development of the PCB industry in different sectors by establishing research & development (R&D) centers for PCB technology to encourage innovation and advancements. On the other hand, the high cost, technical complexities, and non-availability of skilled workers for deploying and installing the SMT placement equipment are challenging the adoption and implementation of SMT placement equipment. However, these limitations can be solved with further technological improvements and more spending on training and development. There are ongoing software advancements in SMT placement equipment, which are contributing to the improvement of the manufacturing process of PCBs. Additionally, there is a rapid inclination and advances in smart manufacturing, which uses advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and robotics to automate and optimize the manufacturing process of PCBs. Moreover, the future of SMT placement equipment is expected to create lucrative opportunities, with new technologies emerging and increasing demand for high-quality, efficient, and sustainable manufacturing processes.

Regional Insights

The geographic landscape for SMT placement equipment is diverse, with significant strategic activities in the Asia-Pacific, North America, and Europe. The countries are developing semiconductor and electronic component production owing to the development of intellectual machines and smart manufacturing in the factories and manufacturing units. These regions are proliferating their domestic semiconductor and electronic component production by expanding and enhancing their geographical footprint. APAC is the largest and highest market share for SMT placement equipment for most global sales. Countries such as China, Japan, South Korea, and Taiwan are the major countries with a significant number of players and manufacturing capacity for AMT placement equipment. Furthermore, North America is a significant market to strengthen domestic semiconductor production and innovation to supply necessary PCBs for innovative automotive, medical equipment, and aerospace & defense sectors.

Europe is another region with several manufacturers based in countries such as Germany, Switzerland, and the United Kingdom. The production and sales of cars have increased in Europe due to aggressive output objectives established by rival automakers, increasing the demand for automated equipment to improve chip manufacturing processes. Moreover, South American and African countries are witnessing slow growth and are still in the development phase for capturing the extensive collaborations and agreements with printed circuit board (PCB) manufacturers to deploy adaptive SMT placement equipment.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the SMT Placement Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing consumer electronics and automotive industry
    • Popularity of miniaturization and need for efficient manufacturing methods
    • Government initiatives supporting parent industry development
    • Market Restraints
      • High cost of deployment and installation of SMT placement equipment
      • Market Opportunities
        • Ongoing software advancements in SMT placement equipment
        • Rapid inclination and improvements in smart manufacturing
        • Market Challenges
          • Technical complexities and non-availability of skilled workers
          • Market Segmentation Analysis
            • Equipment: Utilization of repair and rework equipments for reworking defective components
            • Application: Diverse applications of SMT placement equipment across industries
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the SMT Placement Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the SMT Placement Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Altus Extends the Reach of Essemtec to Ireland
              
              Altus, the distributor of Essemtec SMT placement equipment, has chosen to extend its presence in Ireland as it is a prime location to do business. The comprehensive partnership will provide manufacturers in Ireland access to their comprehensive portfolio of SMT placement technology, including their full range of LS stretching machines, high-speed pick and place solutions, and other customized solutions for automated production. With this move, Altus is strengthening its ability to meet the customer needs in the Irish market. The reliable and accurate capabilities of Essemtec's industrial equipment will enable companies to reduce costs while improving throughput and quality. This strong commitment from Altus serves as a testament to the potential growth in the region - making it clear that now is an excellent time for Irish businesses to invest in Essemtec services.
              
              Yamaha Motor Launches Premium High-efficiency Dual-lane Modular YRM20DL
              
              Yamaha Motor's latest innovation, the YRM20DL dual lane modular SMT placement equipment, represents a major leap forward in efficiency. Designed to overcome a wide range of production challenges with improved flexibility and high throughput rates, this intelligent system can effectively meet different demands in virtually any size manufacturing space. With the YRM20DL, users can expect high-precision accuracy with various module configurations and coordinated machine movements due to its advanced software and vision systems. This impressive industrial machinery utilizes robust servo motion control technology for continuous production optimization. Yamaha Motor is proud to provide customers with an efficient, reliable solution to increase productivity and profitability in any setting.
              
              Yamaha Motor Established New Company in Singapore for its Robotics Business
              
              Yamaha Motor is officially making its entry into the robotics business in Singapore with the founding of a new company that focuses exclusively on offering state-of-the-art SMT placement equipment. By joining forces with local and international partners, Yamaha Motor is looking to provide cutting-edge technology and services to enhance the productivity and efficiency of electronics manufacturing operations. This investment is part of their larger mission to share their expertise with customers worldwide, build trusted relationships through quality products, and create tech solutions for building a more sustainable tomorrow. With this latest move and commitment to advancing robotics technology, Yamaha Motor solidifies its position as a market leader.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the SMT Placement Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the SMT Placement Equipment Market, highlighting leading vendors and their innovative profiles. These include Autotronik-SMT GmbH, Beijing Huawei Silkroad Electronic Technology Co., Ltd., Beijing Torch Co., Ltd., DDM Novastar, Inc., ESO Electronic Service Ottenbreit GmbH, Essemtec AG, Europlacer Limited, Faroad Intelligent Equipment, Fritsch GmbH, Fuji Corporation, Hangzhou TronStol Technology Co., Ltd., Hanwha Group, Heller Industries, Inc., Hillmancurtis, Hitachi, Ltd., IBE SMT Equipment, LLC, Juki Corporation, Kulicke and Soffa Industries, Inc., Manncorp Inc., Mirae Corporation, Mycronic AB, Nordson Corporation, Panasonic Corporation, Ren Thang Co., Ltd., SumiLax SMT Technologies Pvt. Ltd., Universal Instruments Corporation, Versatec, LLC, Wenzhou Yingxing Technology Co., Ltd., Yamaha Motor Co., Ltd., and Zhejiang Neoden Technology Co.,Ltd.
            
            Market Segmentation & Coverage
            
            This research report categorizes the SMT Placement Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Equipment
              • Cleaning Equipment
              • Inspection Equipment
              • Placement Equipment
              • Repair Equipment
              • Rework Equipment
              • Screen Printing Equipment
              • Soldering Equipment
              • Application
                • Aerospace & Defence
                • Automotive
                • Consumer Electronics
                • Energy & Power Systems
                • Industrial
                • Medical
                • Telecommunication
                • Region
                  • Americas
                    • Argentina
                    • Brazil
                    • Canada
                    • Mexico
                    • United States
                      • California
                      • Florida
                      • Illinois
                      • New York
                      • Ohio
                      • Pennsylvania
                      • Texas
                      • Asia-Pacific
                        • Australia
                        • China
                        • India
                        • Indonesia
                        • Japan
                        • Malaysia
                        • Philippines
                        • Singapore
                        • South Korea
                        • Taiwan
                        • Thailand
                        • Vietnam
                        • Europe, Middle East & Africa
                          • Denmark
                          • Egypt
                          • Finland
                          • France
                          • Germany
                          • Israel
                          • Italy
                          • Netherlands
                          • Nigeria
                          • Norway
                          • Poland
                          • Qatar
                          • Russia
                          • Saudi Arabia
                          • South Africa
                          • Spain
                          • Sweden
                          • Switzerland
                          • Turkey
                          • United Arab Emirates
                          • United Kingdom
                          
                          
                          Please Note: PDF & Excel + Online Access - 1 Year